Overcapacity remains in the sector, where fleet growth is extremely uneven. Demand The growing imports of loaded containers into the US East Coast (USEC) continues to be a focal point for the container shipping industry. Growing by 10.4% in Q1-2018, the first three months saw 215,000 TEU more entering the USEC than in Q1-2017. Exports grew by 55,000 TEU in the same time span, growing outbound loaded containers by 3.8%. This illustrates the constantly changing imbalance in US

Six crew members, including the captain, were kidnapped from the Liberian-flagged containership Demeter while the ship was sailing some 50 nautical miles south-west of Bonny, Nigeria on October 21st. An armed group of eight pirates managed to board the boxship after an exchange of fire, a Dryad Maritime Spokesperson Ken Johnson told World Maritime News. The attack has been conducted by the same group which tried to board a supply vessel a day earlier in the same region but th

The world’s second-largest petrochemical port in Houston may command 75% of all US polyethylene exports, but expected growth in international shipments as a slew of new ethane crackers and associated derivative units start coming online this year has US ports a thousand miles or more away gearing up to nab a piece of the action. Last month Georgia’s Port of Savannah increased its ship-to-shore crane total to 26 — one more than the 25 at the Port of Houston’s Bayport and Barbo

The Bayonne Bridge is the fifth-longest steel arch bridge in the world, and was the longest in the world at the time of its completion. The bridge is also one of four connecting New Jersey with Staten Island, New York. The Port Authority of New York & New Jersey has launched a five-year, $1.3 billion project to raise the roadbed within the existing arch to allow larger container ships to pass underneath. The expansion of the Panama Canal was the impetus for the Port Authority

Ironically so, the new expanded and widened Panama Canal could mean that the ever popular Panamax size segment is faced with the threat of extinction. In its latest report, Allied Shipbroking noted on the new Panama Canal that “being one of the most vital passage ways in shipping, it is set to create a real shake up in several shipping sectors, while current trade patterns might also be set to change”. Allied’s George Lazaridis, Head of Market Research & Asset Valuations note