Search results for: Evergreen

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  • 15 August 2015
    Business & Finance

    China Orders Merger Between Two Biggest Shipping Companies The government of China has reportedly ordered the merger of two of the country’s largest state-owned shipping companies – China Ocean Shipping Group (Cosco) and China Shipping Group – to tr… Read more Tianjin Port Explosions Kill at Least 50 At least 50 people died and hundreds […]

  • 15 August 2015
    Business & Finance

    China Orders Merger Between Two Biggest Shipping Companies The government of China has reportedly ordered the merger of two of the country’s largest state-owned shipping companies – China Ocean Shipping Group (Cosco) and China Shipping Group – to tr… Read more Tianjin Port Explosions Kill at Least 50 At least 50 people died and hundreds […]

  • 6 August 2015
    Business & Finance

    SOHAR Port and Freezone has added South Korea’s container line Hanjin Shipping to its list of global shipping lines offering direct links to this Omani deepsea port. SOHAR held a special ceremony to welcome the arrival of the container ship M.V.Hanjin Hamburg into the port on August 5. The new 8,600 TEU service from Hanjin will directly link SOHAR […]

  • 6 August 2015
    Business & Finance

    SOHAR Port and Freezone has added South Korea’s container line Hanjin Shipping to its list of global shipping lines offering direct links to this Omani deepsea port. SOHAR held a special ceremony to welcome the arrival of the container ship M.V.Hanjin Hamburg into the port on August 5. The new 8,600 TEU service from Hanjin will directly link SOHAR […]

  • 23 July 2015

    Container service reliability made another steady improvement in June with the aggregate on-time performance for the three key East-West trades rising by 5.7 percentage points to extend the data-series record to 77.3%, according to Drewry’s Carrier Performance Insight. The latest on-time month-on-month gain marks the fifth month out of six that has occurred in 2015. […]

  • 23 July 2015

    Container service reliability made another steady improvement in June with the aggregate on-time performance for the three key East-West trades rising by 5.7 percentage points to extend the data-series record to 77.3%, according to Drewry’s Carrier Performance Insight. The latest on-time month-on-month gain marks the fifth month out of six that has occurred in 2015. […]

  • 14 July 2015
    Business & Finance

    Friend of the Sea, an international non-governmental organisation, has pointed to the problem of the increasing number of endangered whales being killed by cargo ship strikes in Sri Lanka, urging the World Shipping Council and the leading carrier lines to prevent the deadly hits in shipping lanes along this country and worldwide. Friend of the Sea has urged […]

  • 14 July 2015
    Business & Finance

    Friend of the Sea, an international non-governmental organisation, has pointed to the problem of the increasing number of endangered whales being killed by cargo ship strikes in Sri Lanka, urging the World Shipping Council and the leading carrier lines to prevent the deadly hits in shipping lanes along this country and worldwide. Friend of the Sea has urged […]

  • 6 July 2015
    Business & Finance

    The economy of the Caribbean island nation of Haiti is set to receive a major boost after the country’s first Panamax container port – Port Lafito – was officially opened on July 2.  The multi-million dollar project, led by Gilbert Bigio Group, is a private, public and international partnership between the Haitian government, the Haitian private […]

  • 6 July 2015
    Business & Finance

    The economy of the Caribbean island nation of Haiti is set to receive a major boost after the country’s first Panamax container port – Port Lafito – was officially opened on July 2.  The multi-million dollar project, led by Gilbert Bigio Group, is a private, public and international partnership between the Haitian government, the Haitian private […]

  • 6 July 2015
    Business & Finance

    GB Group has announced that Port Lafito, a world-class modern container port in Haiti, is now open and operational. The recent inauguration event hosted Haitian dignitaries, government officials and partners that made the critical infrastructure project possible. Port Lafito is Haiti’s first Panamax Port with state of the art equipment and technology. “Port Lafito will breathe […]

  • 29 June 2015
    Business & Finance

    The LPG tanker Navigator Aries collided with a container ship Leo Perdana on the night of June 29 near the island of Karang Dzhamuang, 20 miles north of Surabaya, Indonesia, according to the local media. The collision caused a fire on the 2008-built tanker, which was quickly put out. The 23,333 dwt tanker suffered a […]

  • 29 June 2015
    Business & Finance

    The LPG tanker Navigator Aries collided with a container ship Leo Perdana on the night of June 29 near the island of Karang Dzhamuang, 20 miles north of Surabaya, Indonesia, according to the local media. The collision caused a fire on the 2008-built tanker, which was quickly put out. The 23,333 dwt tanker suffered a […]

  • 29 June 2015
    Business & Finance

    Carriers are rushing to start new Asia to US East Coast services ahead of the opening of the wider Panama Canal, but unless carefully managed, they risk losing more of the East Coast freight rate premium, according to UK-based Drewry Shipping Consultants. The USD 5.2 billion project to widen the Panama Canal is nearing completion – to […]

  • 29 June 2015
    Business & Finance

    Carriers are rushing to start new Asia to US East Coast services ahead of the opening of the wider Panama Canal, but unless carefully managed, they risk losing more of the East Coast freight rate premium, according to UK-based Drewry Shipping Consultants. The USD 5.2 billion project to widen the Panama Canal is nearing completion – to […]

  • 19 June 2015
    Business & Finance

    Some 21 shipping companies operating on Sino-Japan routes have been fined for violating international regulations on fair competition, China’s Transport Ministry informed. The move follows an investigation launched by the ministry in 2014 that found that certain shipping companies operating on the route had offered lower market prices to attract clients, thus breaching fair competition rules. […]

  • 1 June 2015
    Business & Finance

    SOHAR Port and Freezone welcomed the inaugural call of the container vessel ‘Messini’ on Friday, marking the official start of a new service to major ports in South Asia, launched jointly by Evergreen and Simatech. The ceremony also celebrated the continued growth of SOHAR Port, having in mind that since the closure of Port Sultan Qaboos in […]

  • 16 April 2015
    Business & Finance

    Singapore-headquartered Pacific International Line (PIL) is re-organising its service in the Far East – East Coast South America trade starting with MV Kota Lukis, scheduled to leave Pusan on April 25.   The service named SSA, jointly run by PIL, Japanese K Line, South Korea’s Hyundai Merchant Marine and Taiwanese Yang Ming Marine, will call directly to Brazil’s ports from Far […]

  • 14 April 2015
    Business & Finance

    Spot rates from Asia to the US East Coast are now typically 2.1 times higher than to the US West Coast, prompting three new weekly services from Asia to USEC, according to Drewry Supply Chain Advisors. First up, the CKYHE Alliance started a new Asia-USEC via Panama service with a maiden departure by the 4,211 TEU Ever […]

  • 31 March 2015
    Business & Finance

    Japanese shipping company Kawasaki Kisen Kaisha (K Line) has taken delivery of the Millau Bridge, the first of five 14,000 TEU vessels ordered in 2013, at Imabari Shipbuilding Co., Ltd. Hiroshima Shipyard. The containership will be deployed on the Asia-Europe service (NE2) under the CKYHE Alliance. The CKYHE Alliance is membered by COSCO, K Line, […]

  • 16 February 2015
    Business & Finance

    The CKYHE alliance between the Asian liners COSCON, ”K”Line, Yang Ming, Hanjin and Evergreen Line is reorganizing their service network for Asia-North Europe and Asia-Mediterranean trades in 2015. CKYHE Alliance will provide six Asia-North Europe services (NE2/NE3/NE5-CEM/NE6/NE7/NE8-CES) and three Asia-Mediterranean services (MD1/MD2/ADR) with the port coverage throughout Asia, North Europe, East Mediterranean, West Mediterranean and […]

  • 9 February 2015
    Business & Finance

    The window of opportunity for carriers to order 18-20,000 teu mega ships is closing and those that do not make the leap will struggle to compete on slot costs, UK shipping consultant Drewry believes. According to Drewry’s Container Insight,  there is not enough cargo for everyone to have ULCVs so future orders will be dictated […]

  • 6 February 2015
    Business & Finance

    Athens-based ocean container carrier Costamare ended 2014 with USD 115.1 million net income, USD 13 million more compared to 2013. Costamare recorded USD 484 million in voyage revenues in 2014, improving the 2013 results by approximately USD 70 million. Better operating results translate to good news for the company’s shareholders, with the company planning to increase the quarterly dividend from USD 0.28 […]

  • 1 February 2015
    Business & Finance

    Maersk Giant Breaks 18,000 TEU Ceiling Maersk Line’s Triple E container ship behemoth Maersk Mc-Kinney Moller left the Spain’s Port of Algeciras yesterday loaded with 18,168 TEUs (twenty-foot equivalent units), beating the previous world record held by another Maersk’s Trip…Read more Another Car Carrier Gets Stuck at Southampton Docks Another car carrier has been left […]

  • 8 January 2015
    Business & Finance

    Container shipping giants Maersk, MSC and CMA CGM have claimed three top spots on the list of companies that had the biggest fleet capacity increase last year. As shown in Alphaliner’s 2014-2015 fleet review, Maersk increased its capacity by 12%, MSC by 7% and CMA CGM by 9%. A.P.Møller-Maersk increased its total container vessel capacity by 318,000 TEU,  reaching 2.89 […]