Eco Marine Power (EMP) and KEI System Ltd (KEI) of Osaka, Japan, announced yesterday that they will release later this year, the Aquarius Monitoring and Automation System or Aquarius MAS – a marine computer system capable of monitoring and/or controlling equipment on ships including wind and solar power devices plus being
U.S. crude oil refinery inputs averaged over 15.2 million barrels per day during the week ending May 17, 2013, 4 thousand barrels per day below the previous week’s average. Refineries operated at 87.3 percent of their operable capacity last week. Gasoline production increased last week, averaging over 9.2 million barrels per
Maersk Line and Safmarine have thinned out their ‘WAF5+’ (#415) loop, which links the Gibraltar Strait hubs of Algeciras (Spain) and Tanger Med (Morocco) with the ports of Luanda, Lobito and Namibe. A week ago, the service has been downgraded from weekly departures to fortnightly sailings. It is now maintained with a fleet of three […]
The Mediterranean Shipping Company has announced the launch of a new container liner service (#2811) between Florida and the Dominican Republic. The new weekly connection is set to kick off in the middle of June. MSC will deploy a single vessel to the new loop, which will call at Port Everglades, Caucedo, Rio Haina, Port […]
Hapag-Lloyd today announced the launch of a new Italy – Egypt – Turkey service, branded ‘LEX’ (#2810). The new weekly fixed-day service will call at: Cagliari, Genoa, Livorno, Naples, Salerno, Cagliari, Alexandria, Damietta, Port Said, Mersin, Izmir, Cagliari. Effectively, it will thus be a butterfly loop based at the Sardinian port of Cagliari, the main […]
The Bulletin Panama (blog)Maersk and Wilmington open new access to Central AmericaThe Bulletin Panama (blog)Maersk has been moving cargo weekly between the Port of Wilmington and Honduras and Guatemala for four years. Volumes in the first quarter of 20…
Following a number of recent developments on the Far East to Australia trade lane, the Chinese carrier Coscon is expected to increase significantly the size of ships it deploys on the trade. Over the next couple of months, Coscon should start to phase overpanamax ships of close to 6,000 teu into the trade formerly maintained […]
 The Maritime Executive |
Maersk Set to Lower Guidance on Shipping Rate Slump
The Maritime Executive Maersk Set to Lower Guidance on Shipping Rate Slump. By MarEx. A.P. Moller-Maersk , owner of the world’s biggest container shipping company, is likely to cut its full-year outlook due to a further slump in container freight rates, analysts said on … Maersk “100 Percent Certain” About Doubling Freight RatesShip & Bunker A.P. Moller-Maersk ’100% certain’ on doubling freight ratesbunkerworld (subscription) Maersk rate hikes hitting the high notesMaritime Professional (blog) The Bulletin Panama (blog) -The National -Irish Trucker Magazine all 7 news articles » |
Zim is to put an end to its involvement in the two Northern Europe related Transatlantic services that are currently part of the Israeli carrier’s offer. Zim is to leave one service where it acts as a tonnage provider: Zim’s ‘ATX’ (#129) – the 28-day ‘Transatlantic’/’Atlantic Express’ service operated jointly with Hamburg Süd (which provides […]