Wednesday, May 27, 2020
Maritime News

World’s Biggest LNG Engine Approved for CMA CGM Megaships

The biggest and most powerful LNG-fueled engine ever built has been approved for use on board the first vessel in a series nine 23,000 TEU containerships owned by French shipping...

May 27, 2020
Total Views: 224

IMO Headquarters london
Maritime News

UN Agencies Make Urgent Plea for Crew Changes and ‘Key Worker’ Designation for Seafarers

The heads of the maritime, labor and aviation agencies at the United Nations have issued a plea for urgent action on crew changes and for “key worker” designation so that...

May 27, 2020
Total Views: 25

Tuesday, May 19, 2020
shipping container
Maritime News

Electronic Bills of Lading Could Save Shipping Billions Per Year

By Gavin van Marle (The Loadstar) – The container shipping industry could save itself up to $4bn a year if half of all bills of lading (B/Ls) were dealt with...

May 19, 2020
Total Views: 48

Friday, May 15, 2020
hapag-lloyd ship
Maritime News

Hapag-Lloyd Keeps 2020 Guidance But Warns of Second Half ‘Uncertainties’

FRANKFURT, May 15 (Reuters) – German container liner Hapag-Lloyd on Friday stuck with its full-year earnings guidance but warned that supply disruptions and weaker demand due to the coronavirus crisis...

May 15, 2020
Total Views: 2

Wednesday, May 13, 2020
maersk ship
Maritime News

Maersk Sees Sharp Drop in Global Container Shipping Demand This Year

By Jacob Gronholt-Pedersen and Nikolaj Skydsgaard COPENHAGEN, May 13 (Reuters) – Shipping group A.P. Moller-Maersk warned of a sharp drop in global container volumes due to the coronavirus pandemic, with...

May 13, 2020
Total Views: 33

cma cgm container ship
Maritime News

CMA CGM Taps French Loan Scheme for $1.1 Billion in COVID-19 Funds

PARIS, May 13 (Reuters) – Shipping group CMA CGM has obtained a 1.05 billion euro ($1.1 billion) loan to be 70% guaranteed by the French government as it seeks to...

May 13, 2020
Total Views: 27

Monday, May 11, 2020
Maritime News

Container Charter Market Goes ‘Boom to Bust’ in Just Four Months

By Mike Wackett (The Loadstar) – Ocean carriers are scrambling to cut costs as the demand for liner services continues to plummet, and the off-hiring of chartered tonnage is top...

May 11, 2020
Total Views: 10

Wednesday, May 6, 2020
Maritime News

Suez Canal Set to Lose $10 Million from Ships Taking the Long Route

By Gavin van Marle (The Loadstar) The Suez Canal Authority (SCA) is set to lose over $10m in revenue from container lines routing vessels via the Cape of Good Hope rather than...

May 6, 2020
Total Views: 1607

Tuesday, April 28, 2020
shanghai free trade zone
Maritime News

Struggling Ocean Carriers Face China’s ‘May Day’ Shutdowns Next

By Mike Wackett (The Loadstar) – The five-day May Day holiday shutdown in China is adding to capacity adjustment problems for ocean carriers. Notwithstanding the 20% of headhaul Asia-North Europe sailings already...

April 28, 2020
Total Views: 5

Thursday, April 23, 2020

HMM Launches World’s First 24,000 TEU Containership

HMM has launched its first of twelve 24,000 TEU containerships HMM Algeciras, the world’s largest containership.  The ship was officially named during a private ceremony at the Daewoo Shipbuilding and...

April 23, 2020
Total Views: 1084

Tuesday, April 21, 2020
Maritime News

Pirates Seize Containership Off Benin, Kidnap Crew -Bulgaria

SOFIA, April 21 (Reuters) – Pirates attacked a Portugal-flagged ship and kidnapped its Bulgarian captain and seven sailors off the coast of Benin, Bulgaria’s foreign ministry said on Tuesday. A...

April 21, 2020
Total Views: 97

Friday, April 17, 2020
shipping container
Maritime News

Port of Virginia to Close Marine Terminal

The Port of Virginia will close one of its terminals due to COVID-19’s impact on global trade.  Starting May 4, 2020, the port’s Portsmouth Marine Terminal will be closed and...

April 17, 2020
Total Views: 22

Thursday, April 16, 2020
container ship port
Maritime News

Carriers Axe 3 Million TEU Capacity from Key Asia-Europe and Transpacific Routes

By Mike Wackett (The Loadstar) – Headhaul capacity withdrawn by Asia-Europe and transpacific carriers has reached 3m teu, according to a survey by Sea-Intelligence. The consultant notes that the total capacity removed...

April 16, 2020
Total Views: 32

Wednesday, April 8, 2020
maersk ship
Maritime News

Idle Containership Fleet Appears Set to Hit All-Time Record

By Mike Wackett (The Loadstar) – Idled containership capacity is expected to reach a record high of 3m teu within weeks, in the “worst capacity crisis the industry has ever seen”, according...

April 8, 2020
Total Views: 66

Monday, April 6, 2020

Caught on Camera: Containership Takes Out Crane in Busan, South Korea

A major accident was caught on camera today at the Port of Busan today when a containership struck multiple shoreside gantry cranes and another ship while berthing.  The video shows...

April 6, 2020
Total Views: 707

Maritime News

Blanked Sailings Could Cost Carriers $23 Billion

By Gavin van Marle (The Loadstar) – The container shipping industry could lose as much as $23bn this year from reduced demand in the wake of the coronavirus pandemic. Demand for unitised...

April 6, 2020
Total Views: 36

Friday, April 3, 2020
Maritime News

CMA CGM Containership Reroutes Around Cape of Good Hope, Bypassing Suez Canal

An ultra-large containership belonging to CMA CGM is bypassing the Suez Canal on its return trip to Asia, adding some 3,000 miles and five days to the journey as impacts...

April 3, 2020
Total Views: 439

Thursday, April 2, 2020
cma cgm
Maritime News

CMA CGM Marco Polo Cleared of COVID-19

French shipping giant CMA CGM has confirmed that health officials have cleared CMA CGM Marco Polo crew members of COVID-19 after a crew member fell ill after sailing from Southampton....

April 2, 2020
Total Views: 31

Tuesday, March 31, 2020
Port of los angeles
Maritime News

Congestion Looms at U.S. Ports

By Ian Putzger in Toronto (The Loadstar) – The repercussions of Covid-19 have begun to hit US imports. As retail outlets, as well as many manufacturing operations, in North America are shuttered,...

March 31, 2020
Total Views: 52

Friday, March 27, 2020
Maritime News

Containership Runs Aground on Lower Mississippi

A 334-meter containership has run aground on the Lower Mississippi River near Poydras, Louisiana.  The U.S. Coast Guard reports that watch standers at Coast Guard Sector New Orleans received a...

March 27, 2020
Total Views: 42