Finance

  • Florida Ports Promoted as Alternative to...

    Florida has become the latest in a series of regional ports in the U.S. seeking to highlight availability as an alternative to the congestion and backlogs at the primary seaports in California and now increasingly also the U.S. East Coast. In an aggressive campaign, the Florida Ports Council is promoting Florida’s fifteen public seaports as an answer to the global supply chain crisis providing an opportunity to save time and money for shippers.

     

  • Maersk Sells Container Manufacturing Business as...

    A.P. Moller – Maersk is selling its container manufacturing operation to China International Marine Containers Ltd. in a transaction designed to support both company’s long-term strategic plans. Maersk is focusing on its transportation and logistics business, while China is consolidating its lead as the sole manufacturer of cargo containers.

     

  • Thailand Plans for National Shipping Line to...

    The government of Thailand confirmed that it plans to move forward with efforts to re-establish a national shipping company to help grow the struggling country’s economy. The effort is also seen as a novel response to the current global shortage of cargo ship capacity, which Thai officials cited as contributing to higher costs and hindering trade.

     

  • Evergreen Orders $1B in Feeder Ships as Orderbook...

    The rush to build new containerships is continuing with orders poised to set a record for the total orderbook before the end of 2021. With its new ultra-large containership, the Ever Ace, still on its maiden voyage, Evergreen Marine confirmed that it placed an order valued at nearly $1.1 billion for feeder ships as the Taiwanese carrier continues the rapid buildout of its fleet.  

     

  • Greece to Invest $1.2 Billion in Port and Ferry...

    The Government of Greece with the support of the European Union is launching a $1.2 billion program designed to upgrade and enhance maritime operations in Greece. The projects will focus both on enhancement and repairs to the country’s ports as well as efforts to improve ferry service both inter-island and from the mainland.

     

  • Bouchard bankruptcy plan approved, clearing way...

    The bankruptcy judge hearing the case of Bouchard Transportation approved the bankruptcy plan which will see the company’s assets divided off to two buyers with partial recovery for the creditors. Efforts to develop an alternate plan that would have seen Bouchard retain some of its assets failed to materialize.

     

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Florida Ports Promoted as Alternative to Congestion and Bottlenecks

Florida has become the latest in a series of regional ports in the U.S. seeking to highlight availability as an alternative to the congestion and backlogs at the primary seaports in California and now increasingly also the U.S. East Coast. In an aggressive campaign, the Florida Ports Council is promoting Florida’s fifteen public seaports as an answer to the global supply chain crisis providing an opportunity to save time and money for shippers.

 
English

Maersk Sells Container Manufacturing Business as China Solidifies Lead

A.P. Moller – Maersk is selling its container manufacturing operation to China International Marine Containers Ltd. in a transaction designed to support both company’s long-term strategic plans. Maersk is focusing on its transportation and logistics business, while China is consolidating its lead as the sole manufacturer of cargo containers.

 
English

Thailand Plans for National Shipping Line to Support Economic Growth

The government of Thailand confirmed that it plans to move forward with efforts to re-establish a national shipping company to help grow the struggling country’s economy. The effort is also seen as a novel response to the current global shortage of cargo ship capacity, which Thai officials cited as contributing to higher costs and hindering trade.

 
English

Evergreen Orders $1B in Feeder Ships as Orderbook Nears All-Time High

The rush to build new containerships is continuing with orders poised to set a record for the total orderbook before the end of 2021. With its new ultra-large containership, the Ever Ace, still on its maiden voyage, Evergreen Marine confirmed that it placed an order valued at nearly $1.1 billion for feeder ships as the Taiwanese carrier continues the rapid buildout of its fleet.  

 
English

Greece to Invest $1.2 Billion in Port and Ferry Service Upgrades

The Government of Greece with the support of the European Union is launching a $1.2 billion program designed to upgrade and enhance maritime operations in Greece. The projects will focus both on enhancement and repairs to the country’s ports as well as efforts to improve ferry service both inter-island and from the mainland.

 
English

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