CSCL Indian Ocean: Salvage successful within minutes

On Feb 9 short past 2 a.m. the On-Scene-Coordinator (OSC) started the salvage of the "CSCL Indian Ocean" and handed over the further command to the tow master. During the salvage work, the Elbe had been barred for ship traffic between the buoys 111 and 120, and the multi purpose ship “Neuwerk” and the water police secured the exclusion zone. 

Modern Express: Cargo shift not the cause of the heel

The cargo of "Modern Express" would have ripped the hull if it in fact had shifted, first investigations revealed, so this cause, long cited as explanation of the heeling of the ship, could be excluded. 

Port of Virginia signs 40-year lease on Richmond terminal

LEADERS from the city of Richmond and the Port of Virginia have signed a lease that enables the port to continue to operate the Richmond Marine Terminal (RMT) through 2056. 

East and Southern Africa box traffic rises 9pc a year since 2010

EAST and Southern Africa, including islands across the Indian Ocean, have seen container volumes grow by a compound annual growth rate (CAGR) of nine per cent since 2010.

East-West box shipping rates to decline in 2016 & volatility to remain: Drewry

DREWRY Maritime Advisors expects East-West container rates to fall again in 2016 and for pricing volatility to remain a feature. Much will depend on the stability of oil prices, while the impact of the widened Panama Canal and shipping alliance restructuring could also trigger sudden rate fluctuations.

UTi opens multimodal hubs in Kuala Lumpur, Ho Chi Minh to link, Europe, US

DSV takeover target UTi has opened two new multimodal hubs in Kuala Lumpur, Malaysia, and Ho Chi Minh City, Vietnam, to service its gateways in Europe and the US.

North American intermodal container movement up 2.8pc in 2015

NORTH American domestic container movement, combined with marginal increases in overseas traffic, grew 2.8 per cent year on year in 2015, according to the Intermodal Market Trends and Statistics report. 

Westports profit up 12pc to US$153 million, volume hits 9 million TEU

ON the back of record container volumes, lower fuel costs and administrative expenses, Malaysia's Westports Holdings has posted a profit before tax of MYR650 million (US$153 million) for 2015, an increase of 12 per cent compared to the previous financial year.

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