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China International Marine Containers (CIMC) has revealed more details for 10 LNG dual-fuelled containerships ordered by MSC at China’s Zhoushan Changhong International Shipyard. The ten 11,500 teu containerships, designed by CIMC Ocean Engineering Design and Research Institute (CIMC ORIC), a subsidiary of CIMC which is dedicated to research on ship design and marine equipment, are due for delivery between…

Full-year operating profit up 34.8%, but Q4 down 53.4% from 2021 period HMM on Monday reported “strong results for 2022,” including a 34.8% year-over-year gain in operating profit. But to clarify, the South Korean ocean carrier had strong results for part of 2022, as fourth-quarter operating profit plunged 53.4% year over year.  The first three…

A Panama vessel carrying 4,530 cars from South Korea to Singapore caught fire and has been left drifting in the waters off Vung Tau. Fire engulfed the AH SHIN vessel as it was moving along Vietnam’s south-central coast on Sunday. The boat is currently drifting around 45 kilometers to the southeast of Vung Tau, a…

The retailer is adding distribution centers and sorting sites to refine and speed up its delivery network serving stores and e-commerce. Target Corp. is sharply expanding its logistics footprint across the U.S. to build up capabilities to handle growing sales at both its physical stores and online. The big-box retailer, following earnings growth in its past fiscal…

New Jersey plans to withdraw from the bistate Waterfront Commission of New York Harbor on March 28. The state of New York asked the Supreme Court on Monday to stop New Jersey from dismantling a bistate agency that fights crime at the East Coast’s busiest port. New York Attorney General Letitia James and Gov. Kathy…