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SITC profit up 60% in 2020

SITC International continued its profitable streak as container rates spiked in 2020 with the Hong Kong-listed parent of the Chinese intra-Asia carrier SITC Container...

PhilaPort breaks ground on new distribution centre

The new PhilaPort Distribution Center will fuel the next phase of development for one of the fastest-growing ports in America, according to a company...

Brazilian port gets green light to handle larger vessels

The Port of Santos has received approval from the Brazilian Navy to receive 366m container vessels with a capacity of 14,000TEU, which are the...

Hapag-Lloyd to digitise fleet with IT management platform

Hapag-Lloyd has signed a contract with the Danish engineering and software company Logimatic to implement maritime fleet management software, called SERTICA, on more than...

RCL profits climb on low costs and “extremely good” 2020 trading

Thai intra-Asia carrier Regional Container Lines (RCL) recorded a THB1.75 billion (US$58.28 million) net profit amid an unprecedented rate spike in 2020. Freight income per...

Freight rates fall but congestion in Southern California is maintained

At least 35 to 40 ships were at anchor off the US West Coast this week as the congestion at ports continues in the...

European Gateway Services enhances Germany network

European Gateway Services (EGS) is expanding its network in Southern Germany with the new connection between Rotterdam and Regensburg in Bavaria, a fourth destination...

Liverpool proceeds with its growth project

The Port of Liverpool has announced the further arrival of five cantilever rail-mounted gantry (CRMG) cranes as part of the next phase of growth...

CMA CGM pushes up European rates on Atlantic and Australasia routes

CMA CGM has announced increased rates from both the Mediterranean and Northern Europe, which will take effect from the beginning of the next month. Firstly...

China’s largest river- boxship makes maiden voyage

Wuhan Port and Shipping Development Group’s 1,124TEU Han Hai 5 Hao, China’s largest and most efficient river ship, completed its maiden when it arrived...

Montevideo container terminal to double its container capacity

The Belgian operator, Katoen Natie has confirmed an investment of approximately US$455 million in the expansion of the Montevideo container terminal, Terminal Cuenca del...

Mitsui and PACECO introduce port emissions solution

PACECO Group and Mitsui E&S Machinery (MES-M) have announced the new Near Zero Emission (NZE) RTG Transtainer and the launch of the Zero Emission...

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Danelec earns DNV E27 cyber security approval

Danish maritime tech firm Danelec, has received the latest DNV E27 cyber security type approval for the innovative Onboard Insights solution, in order to...

BIMCO Shipping Number of the week: US grain shipments jump 9% despite Chinese tariffs

“During the first half of 2025, US seaborne grain shipments increased 9% y/y, driven by stronger maize exports. While an increase in import tariffs...

Maersk announces PSS for Indian subcontinent and Middle East to U.S. East coast and Gulf

Maersk has announced a revised Peak Season Surcharge (PSS) set to take effect on August 1, 2025, for shipments moving from the Indian Subcontinent...

Chittagong port sees 4% growth in box handling in FY25

Bangladesh’s prime seaport, the Chittagong port, has attained 4.01% container handling growth in fiscal year 2024-25 that ended on June 30. (adsbygoogle...

COSCO joins methanol movers in container shipping

COSCO Shipping Lines has become the next mainline operator to deploy large methanol-propelled container ships, emulating green fuel pioneer Maersk Line, the South Korean...
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