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Container Ships

Diana Containerships Sells m/v Puelo

Puelo. Photo: Diana Containerships Inc.

 Diana Containerships has announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2006-built vessel “Puelo”, with delivery to the buyer by latest June 30, 2018, for a sale price of US$20.5 million before commissions.

Photo of the Week

© Herbert Boettcher 2018

View onto the rescue boat of Cap San Antonio at open sea.   Herbert Boettcher took this photo for Hamburg Süd when he travelled on the container ship Cap San Antonio from Europe to South America and back to Hamburg. Boettcher started with his worldwide long time project Seamotion in 2004.  Boettcher

US Exports to China to Rise amid Trade Talks, but Volumes are Capped

© donvictori0 / Adobe Stock

China has pledged to buy more U.S. goods to reduce America's huge trade deficit and help avoid exacerbating a trade war between the world's two biggest economies, with energy and commodities high on Washington's list of products for sale.The U.S. trade war with China is "on hold" after the governments

Nolan Tapped to Take Over as TOTE CEO

Tim Nolan (Photo: TOTE)

Tim Nolan has been named the next president and CEO of U.S. domestic ocean carrier TOTE Inc., parent company Saltchuk announced today. TOTE is the parent company to TOTE Maritime and TOTE Services.Nolan, who is currently president of TOTE Maritime Puerto Rico, will succeed retiring president CEO Anthony

One Million Ship Containers Missing after P&R Insolvency

© Claude Beaubien / Adobe Stock

Managers of insolvent P&R Group are being investigated after it was discovered the investment firm sold nearly one million more shipping containers than it owned, the Munich prosecutors' office said on Thursday.Once the world's biggest lessor of shipping containers, P&R sells containers to investors

Maersk: Disappointing Q1 Earnings Hit Share Price

(Photo: A.P. Moller-Maersk)

A.P. Moller-Maersk missed first-quarter profit expectations on Thursday and warned that political and trade tensions clouded the outlook, sending shares in the world's biggest container shipper sharply lower.Earnings before interest, tax, depreciation and amortization (EBITDA) for the three months to

New Hyundai Container Service Serves Hamburg

The 'Hyundai Forward' is one of ten smaller Panamax container ships in the new AEX service Photo: © HHM/Hasenpusch

 The Korean container shipping company Hyundai Merchant Marine (HMM) has started a new, independent Asia-North Europe service in April.    The first vessel of the AEX service to call at Eurogate Container Terminal Hamburg on 12 May was ‘Hyundai Forward’ with a capacity of the 4,700 TEU.    A total

AAPA releases State of Freight III report

AAPA President and CEO Kurt Nagle

Trade Association Releases Freight Report on Multimodal Funding Needs of U.S. Seaports.   In a just-released report, U.S. port authorities identified more than $20 billion in projected multimodal port and rail access needs over the next decade, while one-third cited pressing rail project needs costing at least $50 million for each of their ports.

Indonesian President Widodo Visits CMA CGM in Jakarta

President Joko Widodo meeting CMA CGM staff - Jakarta Port (Photo: CMA GCM)

CMA CGM welcomed, on Tuesday May 15, the Indonesian President, His Excellency Joko Widodo, on the occasion of his visit to the port of Jakarta (JICT).  President Widodo was accompanied by the Minister of Industry, Mr. Airlangga Hartarto, the Minister of Trade, Mr. Enggartiasto Lukita, the Minister of Transportation, Mr.

Photo of the Week: Clean Containership

© Herbert Boettcher 2018

View onto the cleaned container vessel before new cargo will be loaded.   Herbert Boettcher took this photo for Hamburg Süd when he travelled on the container ship Cap San Antonio from Europe to South America and back to Hamburg. Boettcher started with his worldwide long time project Seamotion in 2004.

Container Shipping Line MSC Stops New Iran Bookings

The MSC Christina (CREDIT: Haifa Port)

The world's No. 2 container shipping line MSC said on Wednesday it would stop taking new bookings for Iran due to the decision by the United States to re-impose sanctions on Tehran after withdrawing from the international nuclear deal.   In a note to clients, privately held MSC said it was "ceasing to provide access to services to and from Iran",

Long Beach Cargo Volumes Ahead of Record Pace

(Photo: Port of Long Beach)

The 2.5 million twenty-foot equivalent units moved by the Port of Long Beach in the first four months of 2018 is more than 17 percent above last year’s record pace.In April, Long Beach dockworkers handled 618,438 twenty-foot equivalent units (TEUs), a 10.8 percent increase above the same month last year.

Oakland Records Its Best Ever Month of Imports

(Photo: Port of Oakland)

April 2018 was the Port of Oakland’s best month ever for imports in its 90-year history. The 75,369 TEUs loaded imports volume bested the previous record of 75,243 set in April 2006.The port’s total cargo volume is up 2.9 percent over the same period a year ago. The port reported that terminals handled 791,

Tough Recovery Ahead for Some Box Trades; More Uncertainty in Others

File Image: A CMA CGM boxship / © DonWilson_12

Drewry says that recovering demand recovery in the North America-East Coast South America box trades provides encouragement, but local political conditions bear watching. Elsewhere, reports that Maersk and MSC are reviewing their Iran operations underpins broader political uncertainties that could get in the way.

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