• 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

CMA CGM, FAK rates from North Europe to ISC

Please find the new applicable CMA CGM Freight All Kinds (FAK) rates as follows as from March 16th, 2019 and until further notice:     These new FAK rates will apply as follows: Origin Range: From all North European base ports (*offered in direct on CMA CGM …

Read More »

RZD Logistics launched a new route

Moscow, February 22, 2019 – JSC RZD Logistics organized the railway delivery of Geely knock-down kits from China to BelGee* assembly factory in Belarus. First four container trains with the kits departed in accordance with a specially developed for this project schedule through a direct …

Read More »

APL to update West Coast 2 service

In order to restore schedule integrity to APL’s West Coast 2 (WC2) service, be informed of the following ad hoc port omission and the affected vessel voyage: WC2: Ad Hoc Revised Rotation Long Beach – Oakland – Lazaro Cardenas – Corinto – Acajutla – Lazaro Cardenas – …

Read More »

ABB’s perspective on digital economies in India

ABB CEO Ulrich Spiesshofer has been meeting with leaders in India during the NASSCOM Technology and Leadership Forum in Mumbai, where he delivered the keynote address and received NASSCOM’s Global CEO Award for shaping ABB as a pioneering leader in digital industries. Digital technologies are …

Read More »

Sri Lanka wavers between liberalising shipping or not

Sri Lanka’s government has not yet decided on a budget proposal to liberalise the shipping sector by removing foreign ownership limits on ship agency and freight forwarding businesses, Minister of Ports &Shipping Sagala Ratnayaka said. “Liberalisation is good as it will improve competition but I …

Read More »

Pakistan: Trade deficit narrowed 5.3%

KARACHI: Trade deficit in goods and services narrowed 5.3 percent year-on-year to $19.704 billion during the first seven months of the current fiscal year of 2018/19, the central bank’s data showed on Thursday, Feb 21. The State Bank of Pakistan’s (SBP) provisional data showed that …

Read More »

Seaco establishes new office in Houston

Seaco America LLC announces the opening of its new Americas regional office in Houston, Texas. Since the amalgamation of Seaco and Cronos, Seaco has strengthened its presence worldwide including the Americas with the recent establishment of the regional management office in Houston, Texas, which includes …

Read More »

Bromma enjoys strong performance in 2018

Both sales and order intake for Bromma grew in 2018 compared to 2017. Orders grew by 17% while growth in sales was slightly lower. The strong order intake follows the same pattern as other industry players have reported recently and signals a positive outlook for …

Read More »

Container traffic in Qatar rises

Doha: Ports in Qatar have started the year on a positive note as container traffic has increased in January. According to the data by Mwani Qatar, the ports handled 110,394 Twenty-Foot Equivalent Units (TEU) containers in the first month of this year, compared to 103,996 …

Read More »

CAI International reports its financial results

SAN FRANCISCO – CAI International, Inc. (CAI)companies, on February 20 reported results for the fourth quarter and full year of 2018. Record net income for the year of $73.5 million driven by strong container demand Logistics revenue grew to a record $111.5 million up 38% driven by demand for truck …

Read More »

CMA CGM announces new FAK rates

In order to maintain its service quality on CIMEX Lines, CMA CGM informs its customers of its Rate Restoration Program for March 2019 as follows: Effective March 1st, 2019 (B/L date): Origin Range: From all Asian ports Destination Range: To Middle East Gulf ports Cargo: …

Read More »

New London port, Tilbury2 gets go-ahead

Forth Ports Group receives planning consent for new port on the River Thames The Port of Tilbury, the UK’s fastest growing port, has on 20 February 2019 received development consent from the Secretary of State for Transport to build Tilbury2 – a new multimillion pound …

Read More »

BOC orders transfer of Manila’s empty containers

In an attempt to solve port congestion, the Bureau of Customs has ordered the transfer of all empty containers in Port of Manila and Manila International Container Port to the ports in Batangas and Subic. Customs Commissioner Rey Leonardo Guerrero directed the district collectors of …

Read More »

Brexit: Closer than ever

Brexit: A merge of the words Brexit and exit. The shortland way of saying United Kingdom leaving the European Union. The crucial day of the Brexit decision was the 23rd day of June, 2016, when a referendum was held in the whole UK to decide …

Read More »

Ports of Auckland fully automates its terminal

The automation of the Ports of Auckland will entail having new 70-tonne straddle carriers. These carriers will hurtle around with up to 22km/h in speed and without anyone at the controls. As reported, project completion will have the port’s 27 new blue carriers involved in an …

Read More »

APL enhances its Eagle GET. Guaranteed

Eagle GET. Guaranteed is APL’s time-differentiated service that is now enhanced with guaranteed chassis from APL’s very own dedicated pool, as well as express access for swift cargo pick-up. “Your container will be available on wheels within 2 hours of cargo discharge at FMS terminal at …

Read More »

Matson announces financial results

Matson, Inc. (“Matson” or the “Company”) reported net income of $20.6 million, or $0.48 per diluted share, for the quarter ended December 31, 2018.  Net income for the quarter ended December 31, 2017 was $166.9 million, or $3.90 per diluted share.  Net income and earnings per share in the fourth quarter of 2017 benefitted by $155.0 …

Read More »

Update: Antwerp terminal change of OOCL’s service

Following the announcement of the Antwerp terminal change on OOCL’s GEX2 service, as a result of vessels sliding by one week for schedule recovery, the first vessel calling PSA Antwerp will now be as follows: • Montreal Express, voyage 302W, ETA Antwerp on March 13, 2019 …

Read More »

CMA CGM applies PCS from Europe to Canada

CMA CGM informs of the implementation of a Port Congestion Surcharge (PCS) from Mediterranean and North Europe to Canada East Coast.   The Port Congestion Surcharge will be as follows: Effective March 1st, 2019 (B/L date) until further notice: From Mediterranean and North Europe To …

Read More »

Poll

IS MARKET READY TO EMBRACE BLOCK CHAIN TECHNOLOGY?