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Container Ships

CMA CGM Sets Surcharge to Offset Fuel Price Surge

Photo: CMA CGM

French shipping group CMA CGM said on Friday it would introduce an exceptional surcharge after its first quarter earnings were hit by a sharp rise in bunker fuel prices.The move comes after Maersk Line, the world's largest container shipping company, announced a similar "emergency bunker surcharge" earlier on Friday.

Maersk Line Introduces Bunker Surcharge

File Image: CREDIT Maersk

The world's largest container shipping company Maersk Line is increasing prices because of a surge in the cost of bunker fuel.   The shipping fuel has become increasingly costly as global crude oil prices have returned to peaks not reached since 2014, lifted by the United States' exit this month from

Meet the Digital, Zero Emission Cargo Solution

Photo: Kalmar

Kalmar, part of Cargotec, and Yara entered into an agreement in which Kalmar will deliver fully autonomous equipment, software and services for a unique, fully digitalized container handling solution at Yara's Porsgrunn facility in Norway. This means that all the necessary operations related to the

Maersk Line Rolls out Exclusive Transatlantic Service

Photo: Maersk Line

 Maersk Line, the world's largest shipping company, announced the expansion of its product portfolio between Europe's Mediterranean region and Canada to cater for the growing demands of importers and exporters on both sides of the Atlantic.   The exclusive, fully Maersk Line-operated weekly service

St. Louis: the heartland’s intermodal hub hosts two industry events

On the IMX tradeshow floor: Scania USA Sales Manager (Marine) Al Alcala and MarineNews Editor Joseph Keefe this week got together to discuss current trends in propulsion.

The 5th annual inland IMX show coincides with the first ever FreightWeek STL. For transport professionals, supply chain stakeholders and inland operators alike, there was something for everyone.   St. Louis, MO: This week’s IMX inland marine industry tradeshow may have been the primary focus for inland stakeholders,

Tim Bush Promoted to Crowley VP, Deputy General Counsel

Tim Bush, Crowley vice president and deputy general counsel

Crowley Maritime Corp. has announced that Tim Bush has been promoted to vice president and deputy general counsel.   In his new position, Bush will help support the company’s growth as a provider of solutions for the U.S. government and various public-sector agencies. He will be based in Houston and report to Michael Roberts,

Haulio Raises $1.1m in Investment

Photo: Haulio

Singapore’s home-grown container haulage start-up Haulio has raised S$1m in seed round investment, led by PSA unboXed together with 500 Startups, NUS Enterprise and several logistics industry angel investors in May 2018.  This seed funding comes after their previous pre-seed round of S$75,000 from

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.

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.

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