The New World Alliance set to Reduce Ocean Capacity

The New World Alliance said today it will temporarily reduce capacity on selected Trans-Pacific Trade services to coincide with Lunar New Year factory shutdowns in Asia. The three container shipping lines in the alliance — APL, Hyundai Merchant Marine (HMM) and Mitsui O.S.K. Lines (MOL) — said the winter deployment program is expected to last…

MOL & Exxon orders LNG´s at Hudong-Zhong

Exxon Mobil Corporation (ExxonMobil) and Mitsui O.S.K. Lines, Ltd. (MOL) announced today that they have selected Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong), a subsidiary of China State Shipbuilding Corporation, to build four LNG carriers in China.

ECO Voyage: Maersk Harnesses the weather

It is said that a good seaman weathers the storm he cannot avoid and avoids the storm he cannot weather. With ECO-Voyage, a new vessel performance optimisation tool, captains in the Maersk fleet have an edge on Mother Nature.

Korea to Retake No. 1 Position in 2011

Korea’s Ministry of Knowledge Economy (MKE) and the Korea Shipbuilders’ Association (Koshipa) announced on 13th January that 2011’s total of ship and shipbuilding equipment exports would reach $47bn, which is a 5.6% decrease on the peak of $49.8bn from 2010.