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Saturday, July 4, 2020

Container News

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Shipping giants keep pushing up rates across the globe

Major shipping lines are continuing to increase rates in various regions, as part of their capacity management measures that have seen a squeeze on...

DSV to build the Europe’s largest logistics centre

Transportations and logistics company DSV has unveiled plans for a US$300,000 investment in a new logistics centre in Horsens, Denmark, which is expected to...

Valencia to build a new container terminal in the next 10 years

Valencia Port Authority (PAV) has announced the construction of a new container terminal in the northern expansion by 2030, which is expected to increase...

Fuel demand slow recovery wakes bunker market

Fuel demand around the world is recovering as lockdowns ease, according to MABUX with the World Bunker Index showing an uptrend in June for...

New Zealand government funds new inland port project

The government of New Zealand has announced the financial support to bring forward the development of a new 120,000m2 inland port south of Napier,...

CMA CGM and Hapag-Lloyd refresh global charges

Hapag-Lloyd and CMA CGM have unveiled fresh prices and surcharges across the globe, effective from July and August. The French shipping group has announced a...

CMA CGM invests in Africa logistics

The French shipping group CMA CGM said it sees potential in the African market and economy and it will develop its presence on the...

Challenging Asian market sees additional service cancellations

Maersk has decided to implement new blank sailings due to market demand reductions in Far East Asia, Indian Subcontinent and Pakistan caused by the...

Westports takes Oracle and Bank of America to court

Westports Holdings Berhad’s wholly-owned subsidiary, Westports Malaysia Sdn Bhd (“Westports”), has commenced legal proceedings against Oracle Corporation Malaysia Sdn Bhd (“Oracle”) and Bank of...

ZIM orders 500 new MCI reefers

ZIM Integrated Shipping Services has expanded its reefer fleet with an additional 500 Star Cool reefers from Maersk Container Industry (MCI), which are expected...

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The growing threat that lurks below the waterline

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Crew kidnapped off the coast of Benin

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Reduced costs boost STC profits

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Foolhardy forecasts and trading places

Even as some 21 states postpone the roll back on plans to ease their lockdown regimes and the International Maritime Fund (IMF) has revised...