By Mike Wackett (TheLoadstar) Both of the major east-west tradelanes recorded significant falls on today’s Shanghai Containerized Freight Index (SCFI), reflecting an increasingly soft demand environment. The Asia-Europe components of the SCFI saw container spot rates for North Europe decline 8.3%...
by Jacob Gronholt-Pedersen (Reuters) – The world’s largest container shipping company, A.P. Moller-Maersk, warned trade headwinds would slow growth this year, sending its shares down 10 percent on Thursday. Maersk is also moving ahead with spinning off Maersk Drilling, announcing it expected its...
By Mike Wackett (The Loadstar) – Container throughput at the port of Hamburg declined for the second consecutive year in 2018. The port’s throughput was down to 8.73m teu, adding urgency to the completion of the long-awaited deepening and widening programme in the river Elbe. Although this...
A failure to recover the extra fuel costs in full may result in bankruptcies in the container shipping industry.
The Ocean Network Express’s ultra-large containership MOL Tribute has set a new record for the most twenty-foot equivalent containers ever loaded onto a vessel with 19,100 TEU. The record-setting stow took place at the PSA Singapore terminal on February 11, 2019. It was announced by Navis, part of...
FRANKFURT, Feb 13 (Reuters) – An escalation of tariff wars between China and the United States could dampen growth in international container shipping as operators pre-emptively brought forward business in the second half of last year, Germany’s Hapag Lloyd said. “Many customers tried to get their...
Port of Marseille chief executive Christine Cabau Woehrel is to rejoin French shipping giant CMA CGM.
Ms Woehrel left the carrier in 2011 while director of assets. She began her career at CMA CGM in 1987, but left to pursue a career as a transport consultant before being appointed chief executive of Port of Dunkirk in 2012. In 2014 she moved on to the top job at the port of Marseille Fos, …
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Hapag-Lloyd announced Tuesday it will retrofit its 15,000 TEU ship Sajir to cleaner burning LNG fuel, becoming the first in the world to convert a ship of this size to LNG power. The German shipping line said it hopes the pilot project will pave the way for converting large ships to liquefied...
The “ASTERIX”
Athens, Leer, January 30, 2019. Capital Liberty Invest, the joint venture between Capital Ship Management and Liberty One, recently acquired its first two high specification feeder container vessels which will come under the technical management of Liberty Blue in Leer, Germany.
The first of the two sister ships, ‘Ibrahim Dede’ (1,878 TEU), which was renamed ‘Asterix’, has been successfully taken over on January 21 in the port of Piraeus, Greece and subsequently delivered into...
By John Miller – ZURICH, Jan 28 (Reuters) – French shipping company CMA CGM on Monday formally launched a cash offer to buy out other shareholders of Ceva Logistics, valuing the Swiss freight forwarder at $1.67 billion, a tie-up aimed at fueling growth and savings. CMA CGM holds 50.6 percent of...