Industry Sectors:Containers

Containers

Container carrier CMA CGM and France’s oil major Total have signed a three-year memorandum of understanding (MOU) to prepare for stricter fuel sulphur regulations in the shipping industry.
Seeking to raise its status as an international hub Indonesian state-owned port operator Pelindo II has vowed to cut the costs of shipping containers out of the archipelago's main port…
Orient Overseas Container Line (OOCL) was benefitted substantially from the collapse of Hanjin Shipping according to SeaIntelligence ceo Lar Jensen.
Mexico’s Ministry of Communications and Transportation (SCT) reports a 3.2% increase in the country’s container port volumes in 2016 to 5.68m teu, compared to 5.5m teu in the previous year.
Japan’s NYK slumped to a near $2bn loss in the first nine months of FY2016 as it took massive impairments on cancelled charter contracts.
Mitsui OSK Lines (MOL) increased its nine-month earnings for FY2016 reporting profit of JPY19.03bn ($163.33m), but lowered its full year profit forecast.
The smallest of Japan’s K Line reported a JPY54.58bn ($468.5m) loss for the first nine months of the financial year ended 31 March 2017, but noted signs of recovery were…
US President Donald Trump has replaced Democrat Mario Codero as chairman of the Federal Maritime Commission (FMC) with Republican Michael Khouri.
Maersk Line is the largest operator of former Hanjin Shipping vessels but more than two-thirds of the vessels from the bankrupt company’s fleet remain inactive according to Drewry.
Showing the typical confusing nature of port development in the archipelago, Indonesian state-owned port operator Pelindo I has directly contradicted statements from the government and said there will be no…