Maritime authorities of the United Arab Emirates, Saudi Arabia and Bahrain closed their berths to all vessels under the flag of Qatar, owned by Qatar and other vessels traveling in and out of Qatari ports, informs Bloomberg. This may cause severe disruptions in oil and gas trade as well as in container shipping. On Monday, 5 […]
Based on strong results of the first quarter of 2017, Alphaliner has revised upwards its forecast of container shipping volumes for the current year. Now the full year global port throughput growth is expected to reach 4.6% in 2017, compared with earlier projections of just 2-3%. This adjustment is explained by a healthy increase of […]
On 15 May 2017 at 9 pm MOL TRIUMPH, one of the world’s largest containerships of today, arrived at HHLA Container Terminal Burchardkai (CTB) in Hamburg, informs HHLA. Having a capacity of 20,170 TEU, the new flagship of Japan’s Mitsui O.S.K. Lines (MOL) is the first vessel of over 20,000 TEU calling the Port of […]
Severe port congestion that Shanghai has been suffering since the beginning of April, eased slightly by the end of the month, however may last till late May, as carriers and forwarders warn their customers. During the week of April 16 to 22, the average vessel arrival delay decreased from 53.1 hours to 51.2 hours and the […]
The world’s largest container vessel MOL Triumph owned by Japanese shipping line Mitsui O.S.K Lines, Ltd. (MOL) called at Hongkong International Terminals (HIT) last Saturday during its maiden voyage, informs the terminal. MOL Triumph has a capacity of 20,170 TEU and is the first ever containership exceeding the 20,000 TEU capacity limit. It is 400m long and 58.8m […]
The DNV GL classification society (Det Norske Veritas Germanischer Lloyd Group) issued an approval in principle (AIP) to Mitsui O.S.K. Lines Ltd. (MOL) and Samsung Heavy Industries Co. Ltd. (SHI) for the design of a series of LNG-powered containerships, MOL announced yesterday. The new vessel of a 20,000 TEU capacity has been under development since […]
The regular ferry line will connect the ports of Rajin (North Korea) and Vladivostok (Russian Far East) already this month, informs PortNews. The unique service is expected to revitalise business connections of the two countries and restore regular passenger and cargo shipping forlorn since the 1980s. The passenger/cargo ship Man Gyong Bong (flag of North Korea) will […]
The container shipping consortium THE Alliance (Hapag Lloyd, K-Line, MOL, NYK Line and Yang Ming) has announced that all of its mainline UK calls on Asia-Europe and Transatlantic services will be handled by DP World’s terminals at London Gateway and Southampton, reports DP World. The Asia-Europe FE1, FE2 and FE4 services will call at DP […]
Yesterday Maersk and IBM unveiled a new mutual project to develop a new solution based on blockchain technology to manage transactions between shipping lines, shippers, freight forwarders, ports and customs. The product is said to be available already later this year. Applying innovative blockchain technology, known also as the basis for the Bitcoin virtual money, […]
The privatization of 25% – 1 share of Russia’s Sovcomflot (SCF) will be realized through public offering at Moscow stock exchange, said yesterday Economic Development Minister Maxim Oreshkin. TASS news agency also quotes his comment that a simultaneous listing at the New York Stock Exchange (NYSE) is not planned. SCF is Russia’s largest shipping company […]
