container shipping

Friday, November 2, 2012

Containerships Rerouted Away From Storm-Battered Northeast

Sandy-related troubles at the Port of New York and New Jersey are forcing carriers to divert their ships to other ports, disrupting the supply flow for

November 2, 2012
Total Views: 3

Wednesday, October 31, 2012
port of newark peter tirschwell

Merchant Ships Anchor Offshore as the East Coast’s Biggest Port Recovers

The Port of New York and New Jersey is one of the busiest ports in the world and thus a major commercial artery for global commerce. In 2011, the

October 31, 2012
Total Views: 28

Compania Sud Americana de Vapores SA csav

CSAV Earns First Quarterly Profit Since 2010

Chilean shipper Compania Sud Americana de Vapores SA (VAPORES.SN) posted a quarterly profit for the first time in two years. The company reported a net

October 31, 2012
Total Views: 5

cscl jupiter containership

China Shipping Container Lines Squeaks Out a Respectable Profit While Competitors Eat Losses

(Bloomberg) — China Shipping Container Lines Co., the nation’s second cargo-box carrier, rose the most in more than four months in Hong Kong

October 31, 2012
Total Views: 26

Sunday, October 28, 2012
mol paramount hurricane sandy

MOL Container Ship Says Screw Hurricane Sandy and Puts the Throttle Down [UPDATE 2]

While every other ship off the east coast of the United States steaming eastward trying to get the hell out of the way of Hurricane Sandy, the MOL Paramount,

October 28, 2012
Total Views: 69

Friday, October 26, 2012
Lifesaving Incidents

Rena Owners Fined

Daina Shipping, owner of the stricken M/V Rena containership, was fined $300,000 today in a Tauranga District Court after pleading guilty to a charge under the

October 26, 2012
Total Views: 15

Thursday, October 25, 2012
neptune orient lines nol shipping

Neptune Orient Lines Earns First Quarterly Profit Since 2010

SINGAPORE–Container shipper Neptune Orient Lines Ltd. (NO3.SG) Thursday said it swung to a net profit in the third quarter mainly because of cost

October 25, 2012
Total Views: 7

colombo express hapag lloyd container ship

Ships Sidelined and Rates to be Increased as Global Container Shippers Lose Millions

(Bloomberg) — Europe’s largest container lines are making an attempt to increase Asia-Europe rates to more than break-even levels and restore

October 25, 2012
Total Views: 25

Tuesday, October 23, 2012
maersk triple E propeller
Engineering News

Maersk Line’s Ginormous Triple-E Class Propellers are on their Way to Okpo

Construction of the world’s largest ship is picking up speed. Recently, the very first propeller was loaded onto the Maersk Salalah container ship in

October 23, 2012
Total Views: 394

maersk container ship

Analysts Predict Bullish Future for Maersk as US Imports Hit Multi-Year Highs

(Bloomberg) — U.S. imports of containerized goods are the highest since before the recession as the economic recovery gains traction, boosting rates for

October 23, 2012
Total Views: 46

Wednesday, October 17, 2012

Get Ready: 2013 Will Be The Biggest Year Ever for Containership Deliveries

2013 is set to be the biggest year ever for containership deliveries, according to shipbroking firm Braemar Seascope. In Braemar’s latest Quarterly

October 17, 2012
Total Views: 2

Fire Incidents

A First-Hand Account of Tragedy and Heroism on Board the MSC Flaminia

On July 14, 2012, the MSC Flaminia was on a routine voyage from Charleston, USA to Bremerhaven, Germany, when a massive explosion crippled the ship. Of the 22

October 17, 2012
Total Views: 254

china cosco cscl

Chinese Shipping Rivals Cooperate Amid Global Downturn

SHENZHEN–Shipping giant China Cosco Holdings Co. (1919.HK, 601919.SH) is teaming up with its Shanghai-based archrival to jointly operate major domestic

October 17, 2012
Total Views: 11

Friday, October 12, 2012
maersk sentosa

Maersk Line Removes 19 Ships from Asia-Europe Trade, Further Cuts Possible

(Bloomberg) — A.P. Moeller-Maersk A/S, the world’s largest container line, said it will remove 19 ships from Asia- Europe trade lanes in a bid to

October 12, 2012
Total Views: 15

Wednesday, October 10, 2012
Fire Incidents

MSC Flaminia Crew Member Dies From Wounds Sustained in Blast

A crew member severely injured in an explosion on board the MSC Flaminia has passed away, the ship’s owner, Reederei NSB, has reported. Reederei NSB says

October 10, 2012
Total Views: 99

Tuesday, October 9, 2012

Maersk Line Pulls Plug on Iran Port Calls

Maersk Line, the world’s largest container shipping company by volume, has ended port calls to Iran saying that the company’s limited business in

October 9, 2012
Total Views: 2

Monday, October 1, 2012
Lifesaving Incidents

Settlement Reached Over MV Rena Grounding

The New Zealand government and Daina Shipping Co, owner of the stricken MV Rena, have reached a settlement over the Oct. 5, 2011 grounding of the container

October 1, 2012
Total Views: 64


It’s Been a Tough Summer for Mitsui O.S.K. Lines

After posting a loss of about ¥ 7.4 billion (USD $95 million) on the write-down of investment securities as a result of a decline in stock market prices, the

October 1, 2012
Total Views: 5

Thursday, September 27, 2012

MV Rena Wreckage – On Deck With The Resolve Salvage Team [Photos and Video]

Following six weeks of intensive operations in often challenging sea conditions, Resolve Salvage & Fire this week announced the removal of the first 600

September 27, 2012
Total Views: 109

Wednesday, September 26, 2012

Crew Costs Led to Overall Rise in Operating Costs – Report

Total annual operating costs in the shipping industry increased by an average of 2.1 percent in 2011 led primarily by increasing crew costs, says international

September 26, 2012
Total Views: 78