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Monday, March 8, 2021

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SITC profit up 60% in 2020

SITC International continued its profitable streak as container rates spiked in 2020 with the Hong Kong-listed parent of the Chinese intra-Asia carrier SITC Container...

CMA CGM pushes up European rates on Atlantic and Australasia routes

CMA CGM has announced increased rates from both the Mediterranean and Northern Europe, which will take effect from the beginning of the next month. Firstly...

Hapag-Lloyd pushes up charges in key regions

Hapag-Lloyd will introduce rate increases in a number of trades worldwide, which will take effect from mid-March and the beginning of April. Firstly, the German...

European box carriers introduce new Med charges

Two of the largest container lines in the world have decided to raise their prices into and out of the Mediterranean in the next...

MSC pushes up Asia-Europe rates

Mediterranean Shipping Company (MSC) will implement increased prices in March from Asia to the ports of Antwerp and Valencia. The Swiss-based carrier will apply the...

European lines raise rates into and out of North America

Container lines have announced they will apply rate increases in the Pacific trades from Asia to the US later in February and again in...

MSC increases European outbound rates in March

Mediterranean Shipping Company (MSC) will implement new rates from Europe to a variety of destinations worldwide and which will take effect in March. The Swiss-based...

DP World and partners to build Indonesian container port

DP World alongside its partner Caisse de dépôt et placement du Québec (CDPQ), a global investment group, have signed a long-term agreement with Indonesia’s...

PhilaPort breaks ground on new distribution centre

The new PhilaPort Distribution Center will fuel the next phase of development for one of the fastest-growing ports in America, according to a company...

Brazilian port gets green light to handle larger vessels

The Port of Santos has received approval from the Brazilian Navy to receive 366m container vessels with a capacity of 14,000TEU, which are the...

Liverpool proceeds with its growth project

The Port of Liverpool has announced the further arrival of five cantilever rail-mounted gantry (CRMG) cranes as part of the next phase of growth...

Montevideo container terminal to double its container capacity

The Belgian operator, Katoen Natie has confirmed an investment of approximately US$455 million in the expansion of the Montevideo container terminal, Terminal Cuenca del...

Mitsui and PACECO introduce port emissions solution

PACECO Group and Mitsui E&S Machinery (MES-M) have announced the new Near Zero Emission (NZE) RTG Transtainer and the launch of the Zero Emission...

European Gateway Services enhances Germany network

European Gateway Services (EGS) is expanding its network in Southern Germany with the new connection between Rotterdam and Regensburg in Bavaria, a fourth destination...

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OPEC production cut extension sees bunker price uptick

The main driver for bunker prices this week is the decision by the Organization of the Petroleum Exporting Countries (OPEC)+ alliance regarding further oil...
Who would have guessed that a collection of three-letter acronyms would have had such an impact on the development of international (and domestic) commercial...

LATEST NEWS

SITC profit up 60% in 2020

SITC International continued its profitable streak as container rates spiked in 2020 with the Hong Kong-listed parent of the Chinese intra-Asia carrier SITC Container...

DP World and partners to build Indonesian container port

DP World alongside its partner Caisse de dépôt et placement du Québec (CDPQ), a global investment group, have signed a long-term agreement with Indonesia’s...

PhilaPort breaks ground on new distribution centre

The new PhilaPort Distribution Center will fuel the next phase of development for one of the fastest-growing ports in America, according to a company...

Danes take another step toward methanol as a marine fuel

Danish marine technology company Alfa Laval has announced that it will begin large-scale tests with methanol as a marine fuel with its partners at...

Brazilian port gets green light to handle larger vessels

The Port of Santos has received approval from the Brazilian Navy to receive 366m container vessels with a capacity of 14,000TEU, which are the...

Hapag-Lloyd to digitise fleet with IT management platform

Hapag-Lloyd has signed a contract with the Danish engineering and software company Logimatic to implement maritime fleet management software, called SERTICA, on more than...

RCL profits climb on low costs and “extremely good” 2020 trading

Thai intra-Asia carrier Regional Container Lines (RCL) recorded a THB1.75 billion (US$58.28 million) net profit amid an unprecedented rate spike in 2020. Freight income per...

Logistics can be a shot in the arm

Lessons from the pandemic must be learned. What the virus has taught us so far is that working in isolation, as an industry or...

Freight rates fall but congestion in Southern California is maintained

At least 35 to 40 ships were at anchor off the US West Coast this week as the congestion at ports continues in the...

China accused of continuing cyber-attacks on Indian ports

Chinese state sponsored hackers have been accused by a US based cyber-security firm of actively penetrating India’s national infrastructure’s cyber defences, including two ports...

Most Popular

ONE Apus may have lost a quarter of its cargo

An Ocean Network Express (ONE) vessel that reported a container stack collapse, on 30 November, may have lost up to 25% of its cargo...

ONE to build world’s largest container ships

Ocean Network Express (ONE) has agreed with Shoei Kisen Kaisha for the 15-year long-term charter of six new Ultra Large Container Ships (ULCS) with...

Singaporean state investment firm Temasek mum on PIL bailout

The Singapore government’s investment company Temasek Holdings is remaining tight-lipped on market talk that it may take a stake in embattled liner operator Pacific...

Chinese shipyards win giant container ship order

Chinese shipyards will build six 24,232TEU containerships, the largest in the world as of today, that the Bank of Communications Financial Leasing (Bocomm Leasing)...

High speed and compromised manoeuvring caused Milano Bridge accident

The container ship Milano Bridge had failed to slow down as it attempted to berth in Busan New Port on 6 April 2020, causing...

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