Featured News

Ship Finance enters into $400m lease financing agreements

Ship Finance International Limited (NYSE: SFL) (“Ship Finance” or the “Company”) announces that it has entered into lease financing agreements (each, a “Lease Financing”) totaling $400 million with an Asian-based institution to finance four 14,000 TEU container vessels acquired in May 2018. The vessels are employed under long term time charters to Evergreen Marine Corporation (Taiwan) Ltd. (“Evergreen”) until 2024, with options to extend the charters by 18 additional months.

Each Lease Financing...

http://container-news.com/sfl-lease-financing-agreements/

Valenciaport joins IBM and Maersk blockchain project

TradeLens is a technological solution that allows the blockchain to be applied to the global supply chain.

Valenciaport has joined the project as “Early Adopters”, being one of the first ports in the world to adopt the advances derived from this platform.

Valenciaport has joined the TradeLens project, a technology solution developed by IBM and Maersk, to apply the blockchain to the global supply chain. Valenciaport has been integrated as “Early Adopters”, a category for which the parties are...

http://container-news.com/valenciaport-ibm-maersk-blockchain-project/

Mega carriers and terminal operators initiate blockchain consortium

Nine leading ocean carriers and terminal operators on November 6 signed a formal statement of intent for a Memorandum of Understanding (MOU) to form a consortium to develop the Global Shipping Business Network (GSBN), an open digital platform based on distributed ledger technology. The participants include ocean carriers CMA CGM, COSCO SHIPPING Lines, Evergreen Marine, OOCL, and Yang Ming; terminal operators DP World, Hutchison Ports, PSA International Pte Ltd, and Shanghai International Port;...

http://container-news.com/mega-carriers-terminal-operators-blockchain-consortium/

12 killed and 8 injured in India road accident

At least 12 people were killed and eight others injured Sunday (Nov. 04) after a container truck rammed into a car and two two-wheelers in northern Indian state of Haryana, police said.

The accident took place on Gohana-Panipat highway near Mundlana in Sonipat district about 110 km north of New Delhi, the Indian capital city.

“This evening a container truck rammed into a car and two-wheelers here and killed 12 people, besides injuring seven others,” a senior police official posted at police...

http://container-news.com/12-killed-8-injured-india-road-accident/

China promises to lower tariffs

Chinese President Xi Jinping promised today (Nov. 05) to lower tariffs, broaden market access and import more from overseas at the start of a trade expo designed to demonstrate goodwill amid mounting frictions with the United States and others.

The Nov. 5-10 China International Import Expo, or CIIE, brings thousands of foreign companies together with Chinese buyers in a bid to demonstrate the importing potential of the world’s second-biggest economy.

In a speech that largely echoed previous...

http://container-news.com/china-promises-lower-tariffs/

India’s PM to receive first container vessel on inland waterways in Varanasi

In a first for the country’s inland water transport, Prime Minister Narendra Modi on November 12 will receive a container vessel in Varanasi on the river Ganga, Union Minister Nitin Gadkari said on Sunday (Nov. 04).

In the maiden container since Independence on inland vessel MV RN Tagore, food and beverages major PepsiCo is moving its 16 containers from Kolkata to Varanasi. The cargo containers will reach Varanasi on November 12.

“Inland waterways transport in India is set for a revolution and...

http://container-news.com/india-pm-receive-container-vessel-inland-waterways-varanasi/

Le Havre welcomes its first pink ONE ship

Port of Le Havre hosted the first stop of a ship of the Japanese company ONE (Ocean Network Express) wearing the magenta hue chosen to serve as a reference for the sixth world armament and symbolizing the color of cherry blossoms.

In Japan, the contemplation of cherry trees, called Hanami, is the heiress of a historical philosophical movement, the Mono No Aware which invites to marvel at the present moment. The cherry blossom also invites us to look to the future: messenger of a spring that is...

http://container-news.com/lehavre-first-pink-one-ship/

Container’s explosion at Port of L.A.

Los Angeles authorities responded to an explosion from inside a shipping container at the Port of Los Angeles on Tuesday.

No injuries or other property damage were reported and police have no indication the explosion has any connection to terrorism.

Police later said the explosion was apparently caused by combustion of scrap metals and it is being treated as an industrial accident. The scrap metal was designated for export out of the country.

The explosion was reported around 6 p.m. near the base...

http://container-news.com/container-explosion-port-los-angeles/

Barcelona: Ferry smashes into crane – fire sparking

  • The Italian owned vessel brought the crane down into fuel tanks below 
  • Firefighters evacuated the area as the huge blaze engulfed the dock  
  • Nobody was said to have been injured but two were treated for panic attacks  
  • The vessel was blown off course by high winds while carrying lorries and trailers 

Footage shows a huge crane crashing to the ground at Barcelona Port after being hit by an out-of-control ferry.

The vessel called Excellent operated by Italian firm Grandi Navi Veloci which was...

http://container-news.com/barcelona-ferry-smashes-crane-fire-sparking/

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