Containership owner Global Ship Lease has secured a five-year charter deal with German carrier Hapag-Lloyd for six 6,900 teu vessels. The charters are set to commence between late 2023 and late 2024, after the expiration of existing employment with a different counterparty. The New York-listed...
https://splash247.com/global-ship-lease-forward-fixes-six-boxships-to-hapag-lloyd-for-five-years/
A.P. Moller-Maersk has teamed up with the Malaysia government, signing an MOU with the Malaysian Investment Development Authority (MIDA) to drive high-quality investments into Malaysia as a regional logistics hub. Both parties have committed to working together to attract high-tech and high impact...
https://splash247.com/maersk-bets-on-malaysia-with-logistics-tie-up/
German owner Elbdeich Reederei ordered has ordered another brace of 1,400 teu feederships at Chinese builder Penglai Jinglu Shipyard, bringing the owner’s series at the yard to six, according to Clarksons Research. Delivery of the LNG ready vessels is due in 2024. No price has been revealed....
https://splash247.com/elbdeich-reederei-back-for-more-chinese-feeders/
Chart of the Week: US Customs Maritime Import TEUs – Port of Los Angeles, Port of New York/New Jersey SONAR: CSTEU.USLAX, CSTEU.USNYC
The volume of TEUs clearing customs at the Port of New York and New Jersey has doubled versus this time last year, while import volumes have been cut in half at the Port of Los Angeles. Cost effectiveness is driving shippers to take advantage of the savings of going directly to the East Coast, where most of the consumption occurs. This action has led to a rapidly...
https://www.freightwaves.com/news/what-does-east-coast-import-shift-mean-for-domestic-transportation
The US Justice Department has stopped the sale of Maerk’s reefer manufacturing unit over fears it would give the Chinese too great a control of a strategic business. Last September a deal was struck to sell Maersk Container Industry to China International Marine Containers (CIMC) for $987.3m....
https://splash247.com/us-stops-maersks-box-manufacturing-unit-sale-to-the-chinese/
A complaint filed in March 2022 with the US Federal Maritime Commission (FMC) by Achim Importing Company Inc., a home furnishings company based in New Jersey, against Yang Ming Marine Transport Corporation has been settled out of court. Details of the settlement will not be made public, as agreed...
https://splash247.com/us-shipper-complaint-filed-with-fmc-against-yang-ming-settled-out-of-court/
China International Marine Containers Group Ltd., the largest manufacturer of steel containers used for ocean shipping, has abandoned its intended acquisition of shipping giant Maersk’s refrigerated container manufacturing business after objections from U.S. competition authorities, the Department of Justice said Thursday.
A.P. Moller-Maersk agreed in September 2021 to sell Maersk Container Industry A/S and its Qingdao, China, factory to CIMC for $987 million. The divestment is part of Maersk’s...
Shippers and liners received both good and bad news yesterday, surveying the north European ports scene, which has been heavily hit by industrial action and congestion in recent months. In Germany, an agreement was reached between unions and ports to avert future strikes. However, in the UK,...
https://splash247.com/union-boss-warns-felixstowe-strike-could-be-extended-through-to-christmas/
Tim Hartnoll-led private equity venture HICO Investment Group has bought Bengal Tiger Line (BTL) as well as acquiring a majority shareholding in Caribbean Feeder Service in the latest chapter of container consolidation. No price has been revealed for the acquisitions by the Hartnoll family, who...
https://splash247.com/tim-hartnoll-venture-acquires-bengal-tiger-line-and-caribbean-feeder-service/
DP World subsidiary P&O Maritime Logistics, best known for its offshore support operations, is getting more involved in the container business with the help of sister firm Unifeeder. P&O Maritime Logistics’s recently modified multi carrying vessels (MCVs) are now carrying boxes across the Red Sea...