rss icon Subscribe
desktop mobile

Container Ships

Norton Rose Fulbright, Citibank on USD 2.2bln Danaos Corp Restructuring

Photo: Danaos Corporation

Global law firm Norton Rose Fulbright has advised Citigroup and other lenders of Danaos on a $2.2 billion restructuring of NYSE-listed Danaos Corp (DAC), one of the world’s largest independent owners of modern, large-size containerships.Norton Rose Fulbright’s Athens, London and New York

Container Shipping Bankruptcy Lends Insight on Potential Fallout from Trade War

© MAGNIFIER / Adobe Stock

Global trade tensions have captured headlines in recent months, as the imposition of a series of tariffs and counter-tariffs by various global trade counterparts has raised questions about the possibility of a trade war. Such development could potentially have an impact on global trade flows, and, consequently,

Hapag-Lloyd Investing in East Africa

(Photo: Hapag-Lloyd)

German shipping company Hapag-Lloyd is continuing to focus on the growing market in East Africa, where annual growth rates of approximately six percent lead the African continent.In April 2018 Hapag-Lloyd launched the East Africa Service (EAS), its first dedicated service to East Africa. The weekly service sails from Jeddah to Mombasa,

Hapag-Lloyd Adds 11,100 Reefer Containers

Image: Hapag-Lloyd

Hapag-Lloyd is investing in its container fleet and has ordered 11,100 state-of-the-art reefer containers. The new containers will be integrated to the company’s existing fleet of 91,000 reefer containers, with delivery gradually starting in August and to be finally completed by December 2018.Already today,

Shanghai International Port Group buys Kalmar equipment

Image: Cargotec

Kalmar, part of Cargotec, has secured an order to supply 15 units of container handling equipment to Shanghai International Port Group(SIPG). This order, including a total of 4 units of Reachstackers and 11 units of Empty Container Handlers, has been booked into the Cargotec 2018 second quarter order intake.

Top U.S. Trade Official Sees NAFTA 'breakthrough' in Days

File Image: CREDIT Port of Boston

U.S. Trade Representative Robert Lighthizer on Thursday said he hopes there will be a breakthrough in NAFTA trade talks in the next few days, as the U.S continues discussions over the North American Free Trade Agreement.Lighthizer made the remarks at White House meeting of President Trump's Cabinet.

Japan, South Korea Steel Exports to India Surge

© Amarinj / Adobe Stock

India is being hit by a wave of steel from producers in Japan and South Korea, a government document showed, as mills there redirect supply after U.S. President Donald Trump slapped an import duty on the alloy earlier this year.During the first quarter of the fiscal year starting in April, India's steel

Yang Ming Orders Ten 2,800 TEU Containerships

File Image: Yang Ming Marine Trans

Yang Ming Marine Transport Corp. (Yang Ming) signed a contract with CSBC CORPORATION, TAIWAN (CSBC) for the construction of a total of ten 2,800 TEU class full container vessels. The contract was signed by Yang Ming’s Chairman Bronson Hsieh and CSBC’s Chairman Cheng Wen-Lon.The new ships are due for

White House Condemns Turkey's Tariffs on US Imports

© sezer66 / Adobe Stock

The White House on Wednesday condemned Turkey's doubling of tariffs on U.S. cars, alcohol and tobacco imports, calling the action "a step in the wrong direction."Turkey took the action in response to what it called the Trump's administration's attack on its economy. The United States doubled tariffs on Turkish steel and aluminum last week,

Port of LA Reports Busiest July Ever

(Photo; Port of Los Angeles)

The Port of Los Angeles processed 833,568 Twenty-Foot Equivalent Units (TEUs) last month, the busiest July in the port’s 111-year history. The cargo volumes exceeded July 2017, the previous record, by 4.6 percent. It was the fourth busiest month overall in the port’s history.“With a robust economy and

Vard Selected to Build Autonomous Ship Yara Birkeland

YARA signs deal with VARD to build Yara Birkeland. L-R: President and CEO of YARA, Svein Tore Holsether; COO of VARD, Magne O. Bakke; President & CEO of KONGSBERG, Geir Håøy (Photo: KONGSBERG)

Norwegian shipbuilder VARD has secured a contract worth approximately NOK 250 million ($29.5 million) to build the world’s first autonomous and electric container vessel, Yara Birkeland. VARD will deliver the groundbreaking ship for launch in early 2020, and the vessel will gradually move from manned

Intermarine UK Investment Boosts Portland Port Activities

Two Royal Fleet Auxiliary vessels docked at the Outer Coaling Pier and the Deep Water Berth, with Queen’s Pier in the background.

UK-based Portland Port leverages new fabrication and welding facility to win a bigger share of ship repair, refit, conversion and shipbuilding markets.Polish-owned maritime engineering company Intermarine UK has unveiled major growth plans after investing a six-figure sum in a new 2,400 square meter (26,

South Korea Tops Global Shipbuilding Industry in July

Image: Samsung Heavy Industries

South Korea maintained its number one ranking in the global shipbuilding market in July. The South Korean yards were responsible for almost half of all new orders placed in July 2018.According to Clarkson Research, Korea received orders in July totaling 970,000 compensated gross tonnage or CGT, a measure of work needed to build a vessel.

ZEABORN Combines E.R. Schiffahrt and Rickmers

web PANO_20161021_090250_2.jpg

The ZEABORN Group announced it has combined its two recently acquired Hamburg-based ship management companies to form one global brand, ZEABORN Ship Management GmbH & Cie. KG.Bremen-based ZEABORN Group has brought together Rickmers Shipmanagement, which was acquired by ZEABORN in September 2017, and E.

Maritime Apps