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CMA CGM Launches New Med Gulf Ecuador Service

CMA CGM is launching a new Med Gulf Ecuador service (MGE) offering a direct connection between the Mediterranean Sea, the Caribbean, the Gulf of Mexico, Colombia and Ecuador. It will start on December 19th in Guayaquil. This will be the only direct and weekly service between the Gulf of Mexico and Ecuador on the market. The service will operate between the Gulf of Mexico (Veracruz, Altamira, Houston and New Orleans) and ... [+]

China Approves Consolidation, Reorganization of COSCO and China Shipping Group

China has approved the consolidation and reorganization of China Ocean Shipping Group (COSCO) and China Shipping Group to create one of the world’s largest container lines with a combined revenue of more than $40 billion. This move is an indication of China’s intention to overhaul inefficient ... [+]

CMA CGM Deploys Largest Cargo Vessel Ever to Call at a US port

The 18,000-TEU container ship CMA CGM BENJAMIN FRANKLIN will make its first U.S. call at the Port of Los Angeles in late December. It will be the largest container ship of this capacity ever to call at any port in the United States. The vessel ... [+]

NYK Procures 5,500 Advanced Refrigerated Containers

NYK has placed an order for 5,500 technologically advanced 40-foot refrigerated (reefer) containers, which are more efficient and reliable than older equipment. Delivery of the new units has already commenced. This strategic investment will ensure that NYK continues to operate one of the newest and most ... [+]

Port of Stockton Appoints New Marketing Manager

Port of Stockton recently appointed Pete Grossgart as marketing manager. In this position, Grossgart reports to Steve Escobar, deputy port director, real estate and port development. His duties include planning, developing, and implementing the port’s maritime trade and real estate business development efforts. He will ... [+]

PRPA Conducts Briefings on Southport Development

The Philadelphia Regional Port Authority (PRPA) is conducting a series of informational briefings for the general public on its Southport development project, which aims to significantly expand the Port of Philadelphia’s operations. Two informational briefings will be held December 8 and 9 and will facilitate open ... [+]

Rand Logistics Brings Newest Canadian Flagged Self-Unloader, the M/V Manitoulin into Service

Rand Logistics, Inc. has introduced its newest Canadian self-unloading vessel, the M/V Manitoulin, into service. The new vessel has the largest carrying capacity of any existing river class self-unloader and is anticipated to be the most efficient vessel of its class on the Great Lakes. The ... [+]

Thorco Shipping upgrades fleet with five vessels

Thorco Shipping has acquired five large modern tweendeckers. The acquisition is a part of Thorco’s strategy to keep their fleet young and modern to maintain their strong position as a market leader regarding the quality and size of the fleet. Thorco Shipping holds one of the ... [+]

Wallenius Wilhelmsen Logistics Signs 30-year Contract with Port of Baltimore

Maryland Governor Larry Hogan, along with state and local elected officials, announced on December 3 a new 30-year contract between the Maryland Department of Transportation’s Maryland Port Administration and the Helen Delich Bentley Port of Baltimore’s top roll on/roll off customer, global shipping and logistics ... [+]

Dry Bulk Shipping Not Expected to See Profitability Before 2017

The gloomy outlook for the dry bulk shipping market continues to afflict shipowners and the market is not expected to return to profitability before 2017, according to the Dry Bulk Forecaster report published by global shipping consultancy Drewry. Ship owners continue to struggle to recover their ... [+]

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