South Korean private equity firm KH Investment Group (KHI) has completed the takeover of Daehan Shipbuilding for KRW200 billion (US$150 million). According to an announcement,...

Three dead in container explosion in Italy

Container News Team - September 1, 2022 0

A container on the working deck of the offshore supply ship ASSO exploded on the evening of 31 August, killing three crew members and...

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CMA CGM set to buy French newspaper La Provence

Container News Team - September 1, 2022 0

CMA CGM boss Rodolphe Saade is poised to become a newspaper boss after compatriot tycoon Xavier Niel withdrew from bidding for La Provence, Marseille's...

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HPC presents plans to upgrade Budapest’s BILK intermodal terminal

Container News Team - September 1, 2022 0

Port and logistics infrastructure specialist Hamburg Port Consulting (HPC) has presented operational development design plans for the BILK intermodal terminal in Budapest. Budapesti Intermodális Logisztikai...

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ZIM and Shell ink LNG bunkering agreement

Container News Team - August 31, 2022 0

ZIM has signed a marine liquefied natural gas (LNG) sales and purchase agreement worth over US$1 billion with Shell. According to the agreement, which will...

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Chittagong’s BM Container Depot resumes partial operations

Container News Team - August 31, 2022 0

BM Container Depot in Chittagong, where a devastating fire and repeated blasts of chemical-laden containers in early June killed nearly 50 people and injured...

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Current vessel delays improving faster than US West Coast dispute in 2015: Sea-Intelligence

Container News Team - August 31, 2022 0

Maritime data company, Sea-Intelligence, examined the only historical precedent for ship delays that comes even closer to the current market situation: the labour dispute...

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Capacity tightness persists despite growth in non-cellular ships in service

Container News Team - August 31, 2022 0

Despite more non-cellular container ships being assigned in liner services, this remains insufficient to alleviate the tight capacity. Alphaliner’s latest report, released today (31 August),...

Hapag-Lloyd starts installation of real-time tracking devices on its dry boxes

Antonis Karamalegkos - August 31, 2022 0

Hapag-Lloyd has announced that the first real-time tracking devices are now being installed on dry containers at the CMR depot in Wilhelmsburg, Hamburg, Germany,...

Maersk buys LF Logistics in US$3.6 billion takeover

Antonis Karamalegkos - August 31, 2022 0

A.P. Moller - Maersk has confirmed the completion of LF Logistics acquisition in a US$3.6 billion deal. LF Logistics, the logistics arm of Li & Fung...

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Global Ship Lease secures charter deals with Hapag-Lloyd for six boxships

Antonis Karamalegkos - August 31, 2022 0

New York-listed container ship owner Global Ship Lease has entered into new multi-year charters with Hapag-Lloyd for six ECO 6,900 TEU vessels. The new charters...

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IAM Rail Division reaches tentative agreements for wage increases for freight rail workers

Container News Team - August 31, 2022 0

Freight rail members of the IAM Railroad Division will receive a compounded across-the-board pay increase of 24% over five years if new tentative agreements...

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