LATEST NEWS
Daily bunker index – Jan. 21
Bunker prices are showing fluctuations as the maritime sector comes to terms with the new sulphur regulations, reducing sulphur in fuels to 0.5%, globally,...
French ports strikes force Hapag-Lloyd’s cargo suspension
In view of the ongoing strike situation and severe port congestion in the ports of Le Havre and Fos sur Mer, Hapag-Lloyd has suspended...
Konecranes presents top products developments
Konecranes is offering four new products with what it says are the latest technical advances: increased reach stacker capacity, empty container handlers with triplex...
Cargo shipping via Latvian ports down in 2019
In 2019, cargo shipping via Latvian ports slowed 5.7 percent year on year to 62.4 million tons, the Baltic country's Transport Ministry informed Monday,...
DP World and Swiss operator launch partnership
DP World and Swissterminal Holding AG, the leading container terminal operator in Switzerland, have entered a strategic partnership.
With effect from 20 January 2020, DP...
Cochin: Container lorry drivers to go on strike
A group of drivers of lorries serving the International Container Transshipment Terminal at Vallarpadam will go on a strike from Tuesday (Jan. 21) after...
Mega container cranes to enhance Swedish port
Hutchison Ports will operate two new super-post-Panamax cranes at the Stockholm Norvik Port container terminal. The container cranes began their journey from Shanghai on...
HMM expects second half profits
HMM CEO, Bae Jae-hoon expects cargo volumes to pick up during the usual seasonal peak in the third quarter 2020, as retailers in the...
Freight costs set to soar after Brexit
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Following on from the rising costs associated with the IMO 2020 sulphur freight forwarders and shippers are expecting non-tariff costs to raise prices for...
Tanger Med Port enjoys spike in box traffic
Tanger Med Port published its 2019 activity report, in which it marks progress in every sector. Container traffic up by + 38% The spike...
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CMA CGM boss Saadé part of tycoon consortium to buy French television station M6
The chairman and chief executive officer (CEO) of the CMA CGM Group, Rodolphe Saadé aims to expand further into the mass media sector. After being...
Congestion, a big piece of the supply and demand puzzle
Introduction Dry bulk and container shipping markets have exhibited sharp declines in earnings over the summer. Many have attributed this to a drop in congestion....
Sea-Intelligence reports ramp up in Golden Week capacity reductions
Danish maritime data company Sea-Intelligence analysed blank sailings data from the leading container lines. The analysts said that blank sailings have for long been...
Freight fall corners operators with costly charters
Crumbling container freight rates have taken their toll on the newer and smaller players in the liner shipping industry, as their current earnings are...
Yang Ming adds new 11,000 TEU container vessel
Yang Ming Marine Transport Corp. has added one new 11,000 TEU container vessel, namely YM Trillion, which is chartered from Shoei Kisen Kaisha, Ltd....
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According to a recent poll conducted by container logistics tech company Container xChange, 50% of container users identified monitoring containers' journey from pick-up to...
