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Friday, March 29, 2024

Asia container exports to US surge in February

In February, container exports from 18 Asian countries and regions to the United States experienced a significant rebound compared to the previous year. According to...

Puerto Rico Ports Authority announces significant investment in terminal development

Puerto Rico governor Pedro R. Pierluisi, alongside officials from the Department of Housing and the Puerto Rico Ports Authority (PRPA), visited Trailer Bridge’s Army...

One Equity Partners takes over Acteon Group

One Equity Partners (OEP), a middle market private equity firm, has acquired Acteon Group, a global marine energy and infrastructure solutions company. The financial terms...

ONE announces updated Transpacific network for 2025

Ocean Network Express (ONE) has announced its upgraded Transpacific service network, which will commence in February 2025. The carrier's Transpacific product comprises 16 primary services,...

Two bodies recovered in Baltimore bridge collapse

The bodies of 35-year-old Alejandro Hernandez Fuentes and 26-year-old Dorian Ronial Castillo Cabrera have been found and were recovered from waters beneath the collapsed...

LATEST NEWS

Bengal Tiger Line starts new service between India, Saudi Arabia and Iraq

Singapore-based feeder operator Bengal Tiger Line (BTL) launches new India - Saudi Arabia - Iraq (ISI) shipping service. The ISI service will link the Dammam-based...

Spot rates for Shanghai container exports fall on all routes

Freight rates for container exports from China continued to decline in the eight week of the year despite transportation capacity adjustments. According to the Shanghai...

CMA CGM adds new call on NOURA service

CMA CGM announced a new call on its NOURA service and Comoros will now be served via Mtwara in Tanzania. Starting with the 1,740 TEU...

Atlas acquisition from business consortium to be completed in March

Poseidon Acquisition, a business consortium comprising Ocean Network Express (ONE) and major shareholders Fairfax Financial Holdings, the Washington family, and Atlas Chairman David Sokol,...

Associated British Ports unveils ambitious green plans

Associated British Ports (ABP), UK's major port group, has officially unveiled Ready for Tomorrow (RFT), a broad new sustainability strategy backed by a plan...

CMA CGM announces updated rates from Indian Subcontinent, Middle East Gulf, Red Sea and Egypt to USEC and US Gulf

French ocean carrier CMA CGM has announced updated freight rates from India, Pakistan, Sri Lanka, Middle East Gulf, the Red Sea and Egypt to...

Maersk Supply Service extends long-term contract in Taiwan with Seaway7

The cable lay vessel (CLV) Maersk Connector has been engaged to continue operations on behalf of Seaway7 until 31 December 2025. This comes after...

Argentinean taxation on waterways increases demand by port of Paranaguá

The Argentinean waterway toll for ships on the Paraguay-Paraná Waterway between Confluencia Santa Fe and Paso Queso became effective in January 2023. The Argentine Ministry...

DACHSER strengthens its logistics centre in Bremen

DACHSER has spent over US$8.5 million to expand the handling area of its logistics centre in Bremen, Germany to prepare the facility for potential...

Thailand plans multi-billion-dollar infrastructure investment to boost economy

Thailand is to invest around US$15 billion in transport infrastructure, including upgrades to its key container port, Laem Chabang, in order to boost economic...

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Real estate investments are a lucrative endeavor for businesses and entrepreneurs. However, securing the right financing is crucial to the success of any property...