West Coast port strike ends
DECEMBER 5, 2012 — Los Angeles Mayor Antonio Villaraigosa announced last night that the eight-day strike that had containerships backed up outside the Ports of Long Beach and Los Angeles has ended.
containerships
TOTE orders two LNG fueled containerships from NASSCO
DECEMBER 4, 2012 — General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), reports that it has finalized a contract with TOTE, Inc., for the design and construction of
New MHI propeller promises major fuel savings
NOVEMBER 8, 2012 — Japan’s Mitsubishi Heavy Industries (MHI) has introduced a high performance propeller that it says can improve the propeller efficiency of containerships by 5 percent. This yields a potential
Orders for bigger containerships are in response to rising bunker costs
Despite weak freight rates and a poor time charter environment, containership operators are ordering ever larger vessels. Though this may seem counter-intuitive, shipbroker Braemar Seascope says it reinforces a trend that is