• 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

Top beneficiary countries of Sino-Africa trade

Trade import and export volumes between China and countries from Africa have grown significantly in 2018, but only 15 countries from the continent have benefited from the growth. According to Chinese customs service, most of these countries are located in sub-Saharan Africa, with the exception …

Read More »

Trains, ships to move Cochin’s boxes from Sunday

Container lorry operators continue agitations, talks remain inconclusive With container lorry operators continuing their boycott of Container Road over the imposition of toll by the National Highways Authority of India (NHAI), the Cochin Port Trust (CPT) has decided to transport containers in bulk through trains …

Read More »

Piraeus Port climbs to the second place in the Med

Cosco broke a new record in 2018, handling a total of 4.90 million teu, an annual 18.4 percent rise compared to 2017, the company running the port of Piraeus said this week, adding that Piraeus was now the second largest port in the Mediterranean after Valencia. More specifically, piers …

Read More »

Rail tunnel for Vizhinjam port connectivity

On completion, the 9.02-km tunnel will be the second longest one in India A 10.7-km railway line, including a 9.02-km tunnel, has been proposed to connect the upcoming Vizhinjam International Multipurpose Deepwater Seaport to the railway network. The 9.02-km tunnel, mooted by Konkan Railway Corporation …

Read More »

CMA CGM, GRR from Asia to Madagascar

CMA CGM informs its customers of the following General Rate Restoration :   Effective March 1st, 2019 (B/L date): From Asia including China, Taiwan, South Korea, Japan, Southeast Asia, Bangladesh and East Coast of India To Madagascar (all destinations) Quantum: USD 200/TEU All cargo dry, …

Read More »

Throughput of Port of Saint-Petersburg grew

In 2018, Sea Port of Saint-Petersburg JSC handled 7.7 million tonnes of cargo showing a 12-pct increase versus the result of 2017. The increase of cargo traffic is attributed the development of yards dedicated for transshipment of cast iron, metal scrap, ore, mineral fertilizers and …

Read More »

CMA CGM, fresh GRR

CMA CGM informs its customers of the following General Rate Restoration :   Effective March 1st, 2019 (B/L date): From Asia including China, Taiwan, South Korea, Japan, Southeast Asia and Bangladesh To South Africa (Durban/Coega) and Mauritius (Port Louis) Quantum: USD 200/TEU All cargo dry, …

Read More »

China: Restriction for animal products

Shanghai & Ningbo Customs implemented the following immediate restrictions on the transshipment of some animal products moving through Shanghai & Ningbo to all China destinations, due to a widespread of Swine Fever in certain countries. Further details on this restriction are as follows: For cargoes discharging at …

Read More »

Maersk to introduce RHI in Djibouti

Maersk is introducing the Recovery for Handling-Import for ALL Cargo in Djibouti, DJ, effective 01st March 19 for non-regulated corridors and 15th March 19 for regulated corridors. The tariff levels are as follows: Surcharge code Origin Destination Container Currency Amount RHI World Djibouti ,DJ ALL_20 USD 133 RHI World Djibouti ,DJ ALL_40 USD 166 RHI World …

Read More »

Two French ports join forces

The Marseille Fos and Strasbourg port authorities have entered a partnership agreement to strengthen the multimodal offer of sea, river and rail links serving the hinterland of France’s north-south axis. In terms of industrial sites, some major projects have made significant progress, such as the …

Read More »

Maersk announces new rates

Maersk is announcing the FAK rates (Freight All Kinds) for March. Below are the FAK rates for a sample list of corridors, commodities and container types where the rate increase is effective. As always, please visit maersk.com for a quote, or your rate sheets or contracts will …

Read More »

Who is profiting from US-Chinese trade tensions? (UNCTAD)

The below figures summarize the effect of 25 per cent tariffs applied to the United States of America and Chinese lists of goods affected by retaliatory tariffs as September 2018. Trade diversion, trade retained and trade loss are calculated using trade elasticities from the economic …

Read More »

HHLA sees strong both financial and operational results

Revenue and profit rise Slight increase in container throughput, transport volumes at previous year’s high level Chairwoman of the Executive Board, Angela Titzrath: Our projected targets have been achieved and partially exceeded Chairwoman of the Executive Board of Hamburger Hafen und Logistik AG (HHLA), Angela …

Read More »

CMA CGM announces new GRR

CMA CGM informs of the following General Rate Restoration :   Effective March 1st, 2019 (B/L date): From India (West and East Coast) and United Arab Emirates To West Africa (all destinations) Quantum: USD 150/TEU All cargo except reefer, including dry, OOG and breakbulk  

Read More »

MSC reaches 100% shore-power ships at Oakland

MSC Mediterranean Shipping Company, a global leader in transportation and logistics, is grateful to the Port of Oakland for acknowledging the container line’s 100% record for shore-power ready vessels. Every MSC vessel which called at Oakland in 2018 was equipped with the necessary equipment to …

Read More »

Sri Lanka strike left 6K boxes stranded

Sri Lankan customs officers on Tuesday, Feb. 6,  called off a strike that left 6,000 containers stranded at the country’s main port and put pressure on food prices, after the government agreed to reinstate their boss for three months. The strike by thousands of officials …

Read More »

11 port connectivity roads in India to be upgraded

₹1,500 crore earmarked for the road stretches included under Bharatmala Pariyojna Phase I As much as 119 km of coastal roads in the State have been approved by the Union Ministry of Road Transport and Highways (MoRTH) under the revised list to be upgraded as …

Read More »

UNCTAD estimates gains for Pakistan

KARACHI: US-China’s trade tiff is expected to pave way for Pakistan to have export gains of around one billion dollars, the United Nations said, indicating a good omen for the economy struggling to increase foreign inflows. United Nations Conference on Trade and Development (UNCTAD) said …

Read More »

Bangladesh’s trade deficit narrows on export pick-up

Bangladesh’s trade deficit narrowed slightly in the first half of the current 2018-19 fiscal year (July 2018-June 2019) on the back of an increase in exports, said a central bank official on Wednesday. Trade deficit narrowed 11.22 percent to 7.66 billion U.S. dollars in July-December …

Read More »

Poll

IS MARKET READY TO EMBRACE BLOCK CHAIN TECHNOLOGY?