• UK shipping company announces rebrand after massive investment

    Portico has been revealed as the new brand for Portsmouth based shipping and cargo handling company, known previously as MMD Shipping Services. As a deep-sea port, with excellent transport links by road, rail and sea, Portico has secured £15m worth of investment over the next 10 years, which will dr…

  • Global Ship Lease signs new charter with Hapag-Lloyd

    Global Ship Lease, Inc. (“GSL” or the “Company”), a containership charter owner, has agreed a three-year charter with Hapag-Lloyd for the 2015-built, 9,115 TEU containership UASC Al Khor. The new charter is in direct continuation of the current charter and is expected to commence in June, 2019, with…

  • MSC, Contship Italia in talks for the largest Italian container terminal

    MSC discusses with Contship Italia in order to acquire 50% shares in CSM Italia Gate, the company that controls MCT – Medcenter Container Terminal. In addition to this, MCT is the concessionaire of the container terminal activities in the port of Gioia Tauro where MSC is already a partner and …

  • HMM, CNC and RCL merge their services

    Regional Container Lines (RCL), with its partners CNC and HMM merge RCL’s current RBC5 with the CSE service from CNC and HMM into a 6 x 1,700 TEU sized vessels covering: Ningbo (Sun) Shanghai (Tue) Ho Chi Minh (Mon) Manila North (Saturday) Shanghai (Thu) Shanghai (Fri) Ningbo (Sat) Laem Chabang (Sun…

  • Grande America sank: 2,000 cars, 365 containers on board – France began clean-up operation

    French authorities began a clean-up operation on Friday, March 15, after the Italian container ship “Grande America” sank off the French Atlantic Coast while carrying 2,200 tonnes of heavy fuel. Despite poor weather conditions, four ships began a clean-up operation on Friday afternoon. The 214-metre…

News

Myanmar: Trade deficit narrows

Myanmar – The trade deficit for the first four months of the 2018-19 fiscal year, which starts in October and ends in September, has declined with imports increasing at a slower pace compared to the same period of last fiscal year. According to data provided by …

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Hapag-Lloyd introduces extra charges in Japan

With effect from April 1, 2019, Hapag-Lloyd Japan will introduce following charges for Special Container Bookings (Flat Rack, Open Top and Hard Top): Special Container Cancellation Fee (Charge Code – BCF): – USD 450/20’ USD 600/40’ Special Container Postponement Fee (Charge Code – CRO): – …

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Port of Vancouver breaks volumes record

Second consecutive year of record cargo volumes reflects Canada’s growing trade The Vancouver Fraser Port Authority on February 28 released the 2018 year-end statistics for cargo through the Port of Vancouver. Overall cargo volume through Canada’s largest port reached a record high of 147 million …

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Hapag-Lloyd becomes the unique partner of Mexican Port

Hapag-Lloyd will continue to offer the enhanced port rotation on its AL4 Service including the Port of Tuxpan in Mexico. The German shipping giant becomes the unique global carrier which is now offering this specific port call. Hapag-Lloyd said, “We are glad to be the …

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UK Ports’ mega-plan for Post-Brexit period

The UK’s ports sector is laying out a ten-point plan of simple reforms that can turbo-charge UK’s ports industry at this vital time for trade in the UK and boost investment, jobs and prosperity in coastal communities all around the UK. The plan, developed by the UK …

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Cavotec makes a big deal with unrevealed port operator

Cavotec came to an agreement with a port operator in order to equip two berths at a terminal with MoorMaster™ automated mooring systems. Marine engineering company will design, supply and commission the MoorMaster™ automated mooring systems for the two berths. It has not yet revealed which operator …

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CMA CGM updates Liberty Bridge service schedule

CMA CGM informs its customers that LIBERTY BRIDGE service vessels have been severely delayed due to bad weather crossing the Atlantic and congestion in both European and USEC ports experienced since the beginning of 2019. In an effort to continue to bring its vessel rotations into line …

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New “French” prices from North Europe & Med

CMA CGM is announcing new FAK (Freight All Kinds) rates, effective from April 1st, 2019, until further notice. These new FAK rates will apply as follows: Origin Range: From North European ports Destination Range: To Canada ports (Montreal and Halifax) Date of application: From April 1st, …

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Record set for Asia-to-Europe containers

The Japan Maritime Center (JMC) unveiled statistics on container traded between Asia and Europe in December 2018, showing that exports from Asia to Europe increased 2.2% to 1,506,161 TEUs, marking a year-on-year improvement for the fifth consecutive month. On an annual scale, they picked up …

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Box volumes in Russia gain in 2018

Containerized shipments moved to and from ports in Russia increased 9.8% to a total of 5.075 million TEUs in 2018, according to statistics compiled by an association of commercial seaports in the nation. Throughput swelled 9.8% from the previous year, but was smaller than the …

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CMA CGM marks records in its annual report

CMA CGM highlighted the following points in its annual financial report 2018. Acceleration of the digital transformation strategy Record revenue of USD 23.48 billion, up 11.2%, driven by strong volumes New cost reduction plan of USD 1.2 billion Upon the release of the 2018 financial …

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OOCL to withdraw some Trans-Pacific sailings

OOCL announces the withdrawal of the following Trans-Pacific sailings. The reason of this decision is the low demand, OOCL expects in spring. Pacific China Central 1 (PCC1) • OOCL UTAH (OTA) 030E/W: ETA Ningbo on March 23 in Week 12 for EASTBOUND, and ETA Long …

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VPT ready to extend its container terminal

After a long hiatus works of the extension of container terminal will begin soon. Visakhapatnam Port Trust Chairperson MT Krishna Babu handed over the work order to VCTPL on Saturday, March 2. Deputy Chairperson PL Haranadh, VPT officials and Anil Narayanan, Deputy Chief Operating Officer, …

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CMA CGM introduces new FAK rates

CMA CGM introduces new Freight All Kinds (FAK) rates applicable as from April 1st, 2019 until further notice.     These new FAK rates will apply as follows: Origin Range: From North European ports Destination Range: To United States East Coast, Gulf, West Coast ports (New York, …

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MSC applies new rates in Europe-Canada route

MSC announces new FAK rates from European Ports to Canada. The effective date is April 1st, 2019, until further notice.   All Prices are in US Dollars unless otherwise specified The above Rates are inclusive of the Base Rate (i.e. ocean freight rate) and Peak …

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Nigerian NBS highlights foreign trade numbers

National Bureau of Statistics of Nigeria published a report about its foreign trade in Goods Statistics. Nigerian imports’ value fell almost 15% in Q4 2018 compared to Q3 2018. On the other hand, the exports’ value increased by almost 3.5%  in the same period. Nigerian …

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APL to add void sailing on CA6 service

APL will add a void sailing on China Australia Service 6 (CA6), as per the following details: Service Vessel Voyage First Port ETA Port Rotation China Australia Service 6 (CA6) TBA TBC006 Ningbo 16 March 2019 Ningbo – Shanghai – Yantian – Sydney – Melbourne – …

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