Annualised growth (vs 2019, the last pre-pandemic year) of laden imports has picked up the pace again, with 2023-Q2 averaging at 2.7%, according to...

Most Visited - Newsletter

CMA CGM, Maersk add Brazilian port to Med – East Coast South America service

Container News Team - August 16, 2023 0

Maersk and CMA CGM have decided to extend the coverage of their Bossa Nova/SIRIUS service, connecting the Mediterranean to the East Coast of South...

MSC junks India-US rate push as market stays soft despite peak season expectations

Container News Team - August 16, 2023 0

Mediterranean Shipping Co. (MSC) has cancelled rate increase activity that was to have begun on 15 August on the India-US trade lane. The previously-published trade...

News

Falling steel prices reveal glut of demolitions to come

Container News Team - August 16, 2023 0

The declining price of steel prices are a barometer for the rise in demolitions in the container shipping sector according to Braemar, the London-based...

Port News

Container volume shrinks in Long Beach

Antonis Karamalegkos - August 16, 2023 0

Port of Long Beach (POLB) said that adjusted trade routes, full warehouses and a shift in consumer spending to travel, entertainment and other experiences caused...

Port News

Evergreen acquires minority stake in Rotterdam terminal

Container News Team - August 16, 2023 0

One of the major container shipping companies in Taiwan, Evergreen has reportedly acquired a 20% stake in the Euromax terminal of Rotterdam port in...

Port News

Evergreen inaugurates new container terminal at Taiwan’s Kaohsiung Port

Antonis Karamalegkos - August 16, 2023 0

Evergreen Marine Corp. (EMC) held an official opening ceremony for the newly built Terminal 7 at Kaohsiung Port on 14 August. The Taiwanese ocean...

Port News

AD Ports and Semurg ink agreement for grain terminal in Kazakhstan’s port

Container News Team - August 16, 2023 0

AD Ports Group has signed a Heads of Terms (HoT) agreement with SEMURG INVEST LLP (Semurg), the owner and developer of Sarzha Multifunctional Marine...

Services

CNC introduces new Bay Bengal service

Antonis Karamalegkos - August 16, 2023 0

CMA CGM-owned intra-Asia short sea specialist CNC has announced a new Bay Bengal Express 6 (BBX6) service which will connect the ports of Bangladesh,...

News

AD Ports reports strong financial figures in second quarter

Antonis Karamalegkos - August 16, 2023 0

AD Ports Group announced its financial results for the second quarter of 2023, reporting revenue growth of 66% year-on-year to US$570,000. This significant increase was...

Port News

Portsmouth International Port turns to solar power

Container News Team - August 14, 2023 0

The installation of the cutting-edge solar and battery system at Portsmouth’s port has passed a final milestone and is now fully operational. Managed by the...

Port News

Port of Valencia continues to boost rail cargo transportation

Ioanna Kontos - August 14, 2023 0

The Port Authority of Valencia (PAV) said it maintains its strategic commitment to promoting rail freight transportation. The Spanish port reported 2,180 cargo trains (an...

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