Germany’s Ernst Russ is boosting its interest in a portfolio of twelve feeder containerships to become a majority owner. The Hamburg-based company has decided to acquire a further 10% stake in Fernando Feeder Parent GmbH & Co. KG and increase its ownership to 55% in eleven boxships of 800 teu and...
https://splash247.com/ernst-russ-takes-majority-stake-in-twelve-feeder-boxships/
Congestion at the Port of Savannah continued to improve last week, and an infusion of 1.6 million shipping units of yard capacity in the next six months should further enhance cargo flow, according to the Georgia Ports Authority.
The number of container vessels at anchor off the Atlantic coast port waiting for a berth fell to 13 as of Monday, down from 15 a week ago and 23 on Nov. 2, as temporary off-dock storage sites and customers clearing cargo more quickly freed space for new shipments to be...
https://www.freightwaves.com/news/port-of-savannah-ramps-up-container-capacity-as-cargo-delays-ease
Fast-growing OM Maritime is looking to further expand with an order for the largest containerships in its fleet to date. According to Braemar ACM, the Singapore-headquartered owner has signed a letter of intent with South Korean shipbuilder Hyundai Heavy Industries (HHI) for up to four dual-fuel...
https://splash247.com/om-maritime-lines-up-newbuildings-at-hyundai-heavy/
In a recent interview on Odd Lots, a Bloomberg podcast, the White House port envoy John Porcari described the Biden administration’s approach to tackling congestion at the San Pedro Bay ports. Communication and collaboration are at the heart of the strategy. “The way we have operationalized this,”...
Port officials in Los Angeles and Long Beach have delayed imposing controversial congestion fees for a fourth consecutive week, increasing the likelihood that the fees will never be assessed.
The port authorities said the excess storage surcharge has been postponed until Dec. 13.
The fees have had their intended effect of getting users to clear long-stored containers from terminals, according to port officials. Containers that dwell more than nine days for local truck drayage and more than six...
https://www.freightwaves.com/news/lalong-beach-delay-port-congestion-fees-again
CN has resumed service on its Kamloops-Vancouver corridor, the Canadian railway said on Monday, restoring a critical rail link to the Port of Vancouver.
The rail corridor was shut down three weeks ago as a result of damages brought by flooding and landslides that devastated British Columbia. CN (NYSE: CNI) had briefly restored service two weeks later before shutting it down again as a precautionary measure.
“CN crews will continue to monitor both the rail infrastructure as well as the terrain...
https://www.freightwaves.com/news/cn-reopens-key-port-of-vancouver-rail-line-again
Brief details of the winter’s first reported box spill on the Pacific are filtering through. Vessel tracker Fleetmon has reported the 2008-built, 4,506 teu was forced to return to Asia after a container stack collapse at sea off Russia’s Kuril Islands. The ship was heading from Busan to Long Beach...
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https://www.freightwaves.com/news/fbx-report-december-02-2021
Just 10,817 slots – essentially a single neopanamax purchase – is all that separates Maersk and Mediterranean Shipping Co (MSC) at the top of the liner rankings with the Danish carrier likely to relinquish top spot for the first time in more than a quarter of a century before the year closes. MSC...
On track to post an all time high profit of $17bn this year, Denmark’s largest shipping line will dish out a Christmas bonus to 80,000 employees around the world. A.P. Moller-Maersk will give its staff a $1,000 bonus this month as it closes in on a record $17bn profit, according to Danish newspaper...
https://splash247.com/1000-christmas-bonus-for-maersk-staff-across-the-globe/
