Maersk Line today signed an order for eleven 19,630 TEUs container ships, in a $1.8 billion deal aimed at consolidating its ranking as the world’s largest ocean carrier.
Fesco’s first quarter earnings rose 5.4 percent as cost savings offset a slump in container volumes resulting from a fragile Russian economy and a depreciating rouble.
United Arab Shipping Co. is seeking to broaden its service reach by adding refrigerated container capacity and joining CMA CGM and Hamburg Sud in a weekly vessel-sharing agreement in a bid for a bigger slice of trans-Atlantic trade.
Pasha Hawaii will add a second weekly call at Los Angeles and discontinue direct calls at Tacoma in a service overhaul that follows the carrier’s takeover last week of Horizon Lines’ Hawaii routes.
CMA CGM’s new Wazzan service linking Morocco and Northwest Africa is designed to tap into a growing intra-Afric
It’s been a little more than three months since the inaugural statements of the new Greek government, dominated by its radical-left Syriza component, said it would block sales of national strategic assets.
Rickmers Holding has switched its legal status from limited partnership to stock corporation, paving the way for a potential initial public offering by Germany’s biggest container ship owner and manager, most likely in New York.
India’s federal cabinet on Saturday gave final approval to an agreement allowing the introduction of coastal shipping services between the country’s east coast cargo gateways and ports in Bangladesh.
Car carrier operator AML Ship Management GmbH was sentenced to pay $800,000 in fines and community service payments for illegally discharging oily bilge water off the Alaskan coast and presenting false records to the U.S. Coast Guard.
Crowley Maritime Corp.’s global ship management group has been awarded a contract to crew, operate and maintain four U.S.-flag domestic ships that Pasha Group is acquiring from Horizon Lines for operation in the West Coast-Hawaii trade.