The Port Commission of the Port of Houston Authority has approved $2.3 million in construction projects.
Long delays into and out of Vietnam ports are making life difficult for carriers, said C.L. Ting, managing director of trade management for Hong Kong-based OOCL.
South Korean shipbuilder Hyundai Mipo Dockyard Co., an affiliate of Hyundai Heavy Industries Co., said on Thursday it won a 302.3 billion won ($292 million) contract to build seven bulk carriers for an unnamed shipowner in the Middle East.
Member lines in the Far Eastern Freight Conference in May achieved 11.4 percent year on year container growth in the westbound Asia to Europe/Mediterranean trade.
Container trailer owners have threatened to keep their vehicles off the roads in protest against the State's move to enforce the provisions of Central Motor Vehicles Act in respect of overloading in container carriage vehicles.
A move by Mumbai Port Trust that could render around 100 employees out of the 151 stationed on the port's Ballard Pier Station jobless is being opposed by the Transport and Dock Workers' Union of India.
Mumbai Port Trust (MPT) has transferred control and running of the container terminal to Gammon-Dragados, a consortium consisting of Gammon India and Dragados SPL of Spain.
Dubai's Hull & Hatch Lines will add a fourth ship on its Indian Ocean network, which has been restructured, according to AXS Alphaliner News.
A US congressional committee was urged to adopt differing lines on shipping conference reform with some lobbyists wanting to do away with them altogether while others told the lawmakers to wait and see what happens when Europe bans them in October.
French and Chinese container shipping companies CMA CGM and CSCL are expected to launch their new joint VLCS loop, the FAL 4/AEX 8 in July.
United Arab Shipping Company (UASC), owned by Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia and UAE, took delivery of its new 6,919-TEU ship at a recent naming ceremony at Ulsan, South Korea.
OOCL is launching a new container shipping service that combines the Hong Kong carrier's existing Jakarta (JKT2) and Penang (PEN) feeder services.
Container shipping lines participating in the Grand Alliance and The New World Alliance (TNWA) carriers are teaming up to jointly offer a service from Asia to the Black Sea, starting from mid-June 2008.
Qinzhou Port's cargo and container throughput in the first five months of this year rose by 47.7 percent and 74.7 percent respectively over the previous year to 6.33 metric tonnes and 28,300 TEUs, according to the port authority.
The member lines of The New World Alliance and the Grand Alliance will launch a jointly operated service from Asia to the Black Sea this month.
California State Sen. Alan Lowenthal plans to bring legislation imposing a statewide $30-per-TEU cargo container fee for final approval to the state Legislature by early next week.
Frontline Ltd. said today it has acquired five double-hull Suezmax tankers from Top Ships at a purchase price of $240 million and an agreement to take five similar vessels on time charter from Eigir Shipping.
The world's fourth largest steel producer, South Korea's POSCO, has decided to compensate higher raw material prices by increased prices on steel products, Reuters reports according to RZD-Partner.
The shipping industry unnecessarily wastes 4.37 million barrels of oil each day, the equivalent of more than $140 billion in fuel costs per year at current prices, according to Dutch maritime technology company DK Group.
In January-May, 2008, throughput of Tallinn port totaled 12.788.7 million tonnes of cargo (31.7%, year-on-year), the port informs. In May, the port's throughput amounted to 2.341.1 million tonnes (-30.3%, year-on-year).