Friday , 20 October 2017
Latest News


Maersk sells tanker business

The Maersk Tangier

Maersk has agreed to sell its tanker unit, Maersk Tankers, to its controlling shareholder for US$1.17m, as it seeks to prioritise business segments focused on container shipping, ports and logistics. Family investor A.P. Moller Holding will take on 161 product tanker vessels as part of the all-cash transaction. A.P. Moller Holding will establish an ownership consortium for Maersk Tankers’ fleet with ... Read More »

CMA CGM and Infosys agree strategic partnership

CMA CGM has signed a strategic partnership with technology and services consultant Infosys, with the aim to simplify the carrier’s IT systems and improve customer service. As part of the agreement Infosys will open a development and innovation centre in Marseilles, and will also take over CMA CGM’s IT development centre in Dubai. The French carrier’s CEO Rodolphe Saadé said: ... Read More »

Contargo and Ziegler found joint venture

Stefan Ziegler MD Ziegler Group, Robert Sebald, co-MD Contargo Network Logistics, Thomas Loeffler Co-MD Contargo

Contargo Network Logistics and Ziegler Logistik have founded a joint enterprise, in the hope of creating a container hub in Northern Bavaria. The joint company, named Contargo Ziegler Combitrac, will be headquartered in Döhlau, with both founders owning a 50% share each. The new company will market forwarding services for containers in the European hinterland as well as transport services ... Read More »

CMA CGM confirms ULCV order while posting strong results

The APL acquisition helped to increase volumes

CMA CGM has confirmed it is ordering nine container ships with a capacity of 22,000 teu, with the first vessels to come into service from the end of 2019. The carrier expects the vessels, which will be the largest in the world. to reduce unit transport costs particularly on Asia – Europe routes. The announcement was made while the carrier ... Read More »

Global marine underwriting premiums down

Global marine underwriting premiums for 2016 fell by 9% to US$27.5bn according to the International Union of Marine Insurance (IUMI). The decline was driven by the strong value of the US dollar compared to other currencies, general weak market conditions, general commodity prices and the state of the shipping and offshore sectors. Vice-chairman of the IUMI’s facts and figures committee, ... Read More »

Australian bill seeks to liberalise cabotage licenses

Darren Chester MP introduced the bill

A bill which would open up Australia’s cabotage market to foreign shipping lines has been introduced to the country’s parliament. Under current laws and licensing structures, Australian carriers can contest voyages applied for by foreign ships and face few restrictions, while foreign carriers have to meet a list of requirements and can only qualify for a far more limited license. ... Read More »

Hapag-Lloyd orders 7,700 new reefer containers

Hapag-Lloyd has ordered 7,700 refrigerated containers as it looks to build its reefer capacity following its merger with United Arab Shipping Company (UASC). Of the total, 7,000 units will be 40 ft while the remainder will measure 20 ft, with production to begin imminently. 1,000 of the new containers are equipped with Controlled Atmosphere (CA) technology, which aims to slow ... Read More »

Kalmar to deliver equipment to Fiji

The machines feature SmartFleet technology

Fiji Ports Terminal Limited has ordered three reachstackers and one empty container handler from Kalmar. This order was booked in Cargotec’s 2017 third quarter order intake with delivery scheduled for fourth quarter 2017. Fiji Ports Terminal Limited manages and operates two international ports in Fiji: its largest facility, the Port of Suva, and the Port of Lautoka on Fiji’s largest ... Read More »

Daikin appoints new general manager of marketing and service

Daikin has appointed Ah Huat Goh as the general manager of global marketing and service at its reefer container department. Goh previously spent 14 years as director of technical services, global reefer trade, at American President Lines (APL) where his role focused on reviewing and developing reefer technology and cargo management available. For the 13 years prior to that, he ... Read More »

New intermodal service to Boston

A direct intermodal service connecting the Port of Saint John in Canada and the Boston market has been introduced following a business development initiative by DP World and Pan Am Railways. Michael P. Bostwick, executive vice president and chief commercial officer at Pan Am Railways, said: “We will provide value to importers and exporters via an alternate gateway into the large ... Read More »