Sea

Ship Alliance Backtracks on Hyundai Merchant Marine Membership

BY Dow Jones & Company, Inc. The world's largest container-shipping alliance has decided not to allow Hyundai Merchant Marine Co. to join amid customer backlash, people involved in the discussions said, dealing a blow to the troubled South Korean shipping concern. Hyundai Merchant wasn't immediately available for comment. In a November note to clients, Maersk Line said that rather than Hyundai Merchant becoming a 2M alliance member, the parties are looking "at other ... [+]

CMA CGM to revamp Indian Ocean Feeder Network

Starting December 16th, 2016, CMA CGM has chosen to revamp its feeder network to Indian Ocean to reinforce its quality, reliability and frequency. The offering of two separate products dedicated to Comoros/Mozambique market and North Madagascar will strengthen our competitiveness. The new Indian Ocean Feeder Loop ... [+]

Port of Oakland to light holiday tree

Thousands of visitors are expected in Jack London Square the first weekend in December for traditional holiday celebrations. Two, free, family friendly events are scheduled with the annual tree lighting ceremony, Dec. 2, from 5 to 7 and the “Deck the Hulls” lighted yacht parade, ... [+]

Governor Wolf Announces $300 Million Investment for Port of Philadelphia to Double Container Capacity, Create Jobs

Governor Tom Wolf announced on November 29 a comprehensive Capital Investment Program at the Port of Philadelphia that will result in more than $300 million in investment in the Port’s infrastructure, warehousing, and equipment. This initiative, which will start next year and continue through 2020, ... [+]

Delaware’s Port of Wilmington to Acquire Edgemoor Site

The Diamond State Port Corporation (DSPC) and The Chemours Company announced on November 18 an agreement for the Port of Wilmington (Delaware) to purchase the former Chemours Edgemoor site, located to the north of the port’s existing facility. “I'm excited by the potential for ... [+]

Hapag-Lloyd intensifies activities in coffee transport

Coffee is one of the most widely traded goods in the world. Each year, roughly nine million tonnes are harvested globally and then exported across the world. About one in every hundred containers on board of Hapag-Lloyd vessels is filled with whole or ground coffee ... [+]

Port of Savannah marks record October

Georgia Ports Authority Executive Director Griff Lynch reported to the GPA board Monday fiscal year to date growth of 4% for loaded container traffic, moving 1.01 million TEUs, an increase of 40,545 TEUs compared to the same period in 2015. In October, the GPA handled ... [+]

Termont and MSC inaugurate new container capacity in the Port of Montréal

Termont Montréal Inc. (“Termont”) and Mediterranean Shipping Company S.A. (“MSC”) joined The Honourable Marc Garneau, Canada’s Minister of Transport; Minister Laurent Lessard, Québec’s Minister of Transport, Sustainable Transportation and Electrification of Transportation; Minister Jean D’Amour, Québec Minister for Maritime Affairs; and the Montréal Port Authority ... [+]

Grain and project cargo dominate St. Lawrence Seaway traffic in October

“The Great Lakes St. Lawrence Seaway System saw a steady flow of traditional cargoes during the month of October,” said Betty Sutton, Administrator of the Saint Lawrence Seaway Development Corporation. “Last month, shipments of aluminum, steel, generators, crane components, iron ore and containerized goods ... [+]

Hapag-Lloyd achieves net profit in third quarter

Hapag-Lloyd closed the third quarter with a net profit of EUR 8.2 million (previous year: EUR 3.2 million) and an operating result (EBIT) of EUR 65.6 million (previous year: EUR 80.9 million). Hapag-Lloyd was able to generate a positive operating result of EUR 25.9 million ... [+]

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