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Container Ships

Lenders Ramp up Pressure on 'Toxic' Shipping Debt

Financiers are set to take a tougher stance towards distressed shipping loans including more enforcement action to recoup funds, while capital on offer to the industry is expected to shrink further, a leading transport survey showed on Wednesday.   The global shipping sector is reeling from a near-decade-long downturn,

Maersk Unable to Process Orders after Cyber Attack

Shipping giant A.P. Moller-Maersk, which handles one in seven containers shipped worldwide, is not able to process new orders after being hit by a global cyber attack, it told Reuters on Wednesday.   "Right now, at this hour, we're not able to take new orders," Maersk Line Chief Commercial Officer Vincent Clerc said in a telephone interview.

MSC, Maersk Work on Data Sharing after Cyber Attack

File Image: The Madrid Maersk, a 20,000+ TEU Box ship (CREDIT: HR Wallingford)

Swiss container line MSC (Mediterranean Shipping Company) is working with vessel-sharing partner Maersk to find ways to share data after a cyber attack on the Danish company, MSC said on Wednesday.   MSC said it was prepared to divert ships away from affected Maersk terminals.   "We are working

India's Largest Box Port Hit by Cyber Attack

File Image: CREDIT Trelleborg

Operations at one of three terminals at India's largest container port JNPT, near the commercial hub of Mumbai, have been disrupted by the global ransomware attack, the port said on Wednesday.   The affected terminal is operated by Danish shipping giant AP Moller-Maersk, which said on Tuesday that

Maersk Bullish on India

Photo: A.P. Moller – Maersk

 Domestic reforms have slowed down India’s trade momentarily, thereby weakening domestic demand. However, A.P. Moller – Maersk expects Indian EXIM trade to pick up pace in the next quarter.   “This dip in import growth was due to piling up of inventory in the market post demonetisation and lack of clarity around Good and Service Tax.

Multipurpose Shipping Looks Bullish

Graph: Drewry Shipping Consultants Limited

 Many key drivers for dry cargo demand have reported a significant uptick in 2017, resulting in improving conditions for all vessels in the multipurpose shipping sector, according to the latest Multipurpose Shipping Market Review and Forecast report published by global shipping consultancy Drewry.   This

US Warship Stayed on Collision Course despite Warning

The Arleigh Burke-class guided-missile destroyer USS Fitzgerald (DDG 62) returns to Fleet Activities (FLEACT) Yokosuka following a collision with a merchant vessel while operating southwest of Yokosuka, Japan. (U.S. Navy photo by Peter Burghart)

A U.S. warship struck by a container vessel in Japanese waters failed to respond to warning signals or take evasive action before a collision that killed seven of its crew, according to a report of the incident by the Philippine cargo ship's captain.   Multiple U.S. and Japanese investigations are

USS Fitzgerald Collision Tracked with AIS Data

The ACX Crystal vessel track from PortVision 360. The red segments indicate where the vessel slowed to below 5 knots. (Image: PortVision)

In the early hours of June 17, U.S. destroyer the USS Fitzgerald was hit by a containership just off the coast of Shimoda, Japan. The collision claimed the lives of seven U.S. Navy Sailors. In the aftermath, both sides are trying to figure out exactly what happened.   The containership, ACX Crystal, and the U.

Ever Sigma Discharges 9 millionth TEU at Los Angeles Port

Photo: Port of Los Angeles

 Evergreen Line’s Ever Sigma container ship discharged the 9 millionth TEU (twenty-foot equivalent unit) to pass through the Port of Los Angeles in the span of 12 months, setting a new annual record for the most container throughput of any port in the western hemisphere.   "Nine million TEUs is a major milestone for Los Angeles,

Reederei Hamburger Lloyd Chooses Sealink Plus VSAT

Hamburg-based shipping group Reederei Hamburger Lloyd will move its fleet of nine containerships and six bulk carriers to Marlink’s Sealink Plus VSAT package including unlimited L-band backup.   Hamburger Lloyd is a long term customer of Telemar Germany and was looking for a communications solution

New 11,000 TEU Ship Enters Service for Zim

Cape Sounio (Photo: Zim)

The newly built 11,000 TEU vessel Cape Sounio owned by Costamare has been deployed on Zim’s Asia South America East Coast (ASE), the Israeli container shipping company said.   The vessel embarked on its maiden voyage on from Pusan, South Korea, on May 4, on its regular route calling ports in Brazil,

Hamburg Süd Ugrades for Pharmaceutical Reefer Market

Photo: Hamburg Süd

 The transportation of pharmaceutical products in reefer equipment is subject to the particularly strict guidelines of the Good Distribution Practice (GDP) scheme.   Hamburg Süd will be meeting the requirements with regard to calibration processes as of July and therefore be able to respond flexibly to corresponding customer wishes.

US Trade Rep Says No Deadline Set for NAFTA Deal

File photo: Port of Los Angeles

U.S. Trade Representative Robert Lighthizer said on Wednesday there was no deadline for completing NAFTA trade talks between the United States, Canada and Mexico even as lawmakers warned that U.S. business would be hurt by prolonged negotiations.   "There is no deadline. My hope is that we can get it done by the end of the year,

Shipping Confidence Climbs to Three-year High

© Sergey Evsyukov / Adobe Stock

Shipping confidence reached its equal highest rating in the past three years, according to the latest Shipping Confidence Survey for the three months to end-May 2017 from international accountant and shipping adviser Moore Stephens.   The average confidence level expressed by respondents to the survey was up to 6.

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