China Probing Car Carrier Lines on Antitrust Claims


By Bloomberg News (Bloomberg) -- China’s top economic planning agency is investigating allegations of monopolistic practices by shipping lines that move vehicles, according to people familiar with the matter. The National Development and Reform Commission probe involves several companies but focuses on Japan’s Mitsui OSK Lines, Kawasaki Kisen Kaisha and Nippon Yusen KK … [Read more...]

Search Continues for Two Missing Teens Off Florida

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The search continued Monday for two missing teens off the coast of Florida after the U.S. Coast Guard located their overturned boat on Sunday. The 19-foot single engine center console vessel was located Sunday morning during a search and rescue approximately 67 nautical miles east of Ponce Inlet, Florida. The two teens were last seen on Friday afternoon in the Jupiter, … [Read more...]

CMA CGM Takes Delivery of Largest Containership Ever Built In China

CMA CGM Kerguelen, the first in a series of six ultra-large containerships for CMA CGM. Photo: CMA CGM

  CMA CGM Group has announced the delivery of the ultra-large containership CMA CGM VASCO DE GAMA on Monday from China State Shipbuilding Corporation. With an 18,000 TEU capacity and at 399 meters long, the vessel is among largest in the CMA CGM Group and the largest containership ever built in China. The vessel is the third in a series of six 18,000 TEU ships for … [Read more...]

First Cargo Ships Take Trial-Run Through New Suez Canal

A cargo ship is seen crossing through the New Suez Canal, Ismailia, Egypt, July 25, 2015. REUTERS/Stringer

  By Yusri Mohamed ISMAILIA, Egypt, July 25 (Reuters) - The first cargo ships passed through Egypt's New Suez Canal on Saturday in a test-run before it opens next month, state media reported, 11 months after the army began constructing the $8 billion canal alongside the existing 145-year-old Suez Canal. The new waterway, which President Abdel Fattah al-Sisi hopes … [Read more...]

WATCH: Subsea Cable-Layer Maersk Connector Launched

Photo: Damen Shipyards

The Damen-built subsea support vessel Maersk Connector was launched Thursday at Damen Shipyards Galati, Romania. The vessel is owned and operated by Maersk Supply Service and is built to contract for a seven year charter agreement with DeepOcean. Maersk Connector is the second of a new generation of cable-laying vessels developed by the Damen Shipyards Group called … [Read more...]