The U.S. Coast Guard bulletin regarding compliance with the International Maritime Organization's verified gross mass requirement "seems to allow for more flexibility," says Federal Maritime Commission Chairman Mario Cordero.
Three of the four pre-qualified port terminal operators that will bid for control of the Corozal Container Terminal have ties to container shipping giants Maersk Line, Mediterranean Shipping Co. (MSC), and CMA CGM.
The 13,092-TEU containership COSCO Hope crashed into a gantry crane at Port Said as it was departing the Egyptian port, igniting a fire that spread to 20 containers and resulted in injuries to at least two people.
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The fund will prioritize orders for 13,000-TEU containerships, potentially supporting an additional 15 to 20 vessel orders, according to an investment advisory note from Wells Fargo.
Union Pacific names president of ShipCarsNow subsidiary, while Cargotec appoints CFO and TIACA elects Emirates VP to board.
A televised broadcast of the first ship to transit the widened Central America waterway will follow testing of new locks earlier in the month.