APM Terminals to Prepare Port Elizabeth for ULCVs

Dutch container terminal operator APM Terminals has increased its investment plans for the Port Elizabeth facility to USD 200 million from the initially planned USD 70 million in preparation for ultra large container vessels (ULCVs).

Fifth ULCV Joins Ocean Yield’s Fleet

Norwegian shipowner Ocean Yield ASA has taken delivery of MSC Rifaya, a 19,500 TEU containership, from South Korean shipbuilder Samsung Heavy Industries (SHI).

Drewry: Boxship Leviathans Changing Lanes

As carriers’ stock of ready-to-cascade Asia-Europe containerships is almost empty, the second phase of the cascade could be even more difficult for carriers to manage, according to shipping consultancy Drewry.