BIMCO secretary-general Angus Frew has blasted the European Union’s policies on ship recycling, digital disruption will hit seafarers hard... what will... Related StoriesWidening sanctions leaves OFAC open to ridiculeWidening sanctions leave OFAC open to ridiculeOffshore assets still living out their golden years
Criminals are beginning to focus on shipping, and specifically ports, as their centralised systems provide fraudsters with a wealth of... Related StoriesTraders seen building VLSFO stocks ahead of bunker fuel switchDry bulk owners face an uncertain coal marketChina’s steel output to contract in 2020
Matson said the new cranes were equipped with fibre-optic cabling, enabling faster and more accurate communication of data in its... Related StoriesElba Island LNG to begin service within weeksWhat should Kitack Lim tell the Extinction Rebellion kids?Fortescue takes production hit due to cyclone
An increase in the maximum beam restriction will see containerships of up to 20 rows wide transiting the Panama Canal Related StoriesElba Island LNG to begin service within weeksWhat should Kitack Lim tell the Extinction Rebellion kids?Fortescue takes production hit due to cyclone
Some 80% of the world’s recycling yards are based in Pakistan, India and Bangladesh but all are excluded from the... Related StoriesTraders seen building VLSFO stocks ahead of bunker fuel switchMaritime cyber-crime under the spotlightDry bulk owners face an uncertain coal market
Israel-based line becomes third carrier to sign up for Maersk/IBM distributed ledger programme Related StoriesElba Island LNG to begin service within weeksWhat should Kitack Lim tell the Extinction Rebellion kids?Fortescue takes production hit due to cyclone
The mayor’s request for a recess was approved unanimously by the commissioners, but the vote was met with catcalls and... Related StoriesElba Island LNG to begin service within weeksWhat should Kitack Lim tell the Extinction Rebellion kids?Fortescue takes production hit due to cyclone
The narrowing spread between high- and low-sulphur fuel could mean that transpacific carriers already have their costs covered Related StoriesTraders seen building VLSFO stocks ahead of bunker fuel switchMaritime cyber-crime under the spotlightDry bulk owners face an uncertain coal market
Current volumes are low however and market penetration will ultimately depend on end-to-end supply chain costs, analysts warn Related StoriesElba Island LNG to begin service within weeksWhat should Kitack Lim tell the Extinction Rebellion kids?Fortescue takes production hit due to cyclone
New remote-controlled electric powered cranes will allow port to cope better with peaks in demand Related StoriesElba Island LNG to begin service within weeksWhat should Kitack Lim tell the Extinction Rebellion kids?Fortescue takes production hit due to cyclone
The Digital Container Shipping Association will provide a blueprint for developers to create new services and products to a common... Related StoriesThe Interview: Dagfinn LundeMarine insurance will feel pain before things get better, IUMI president saysSulphur cap compliance linked to HFO supplies
GCT’s legal move comes at a crucial moment as the Canadian parliament is considering national legislation that would amend current... Related StoriesTranspacific carriers succeeding with bunker chargesStars ‘start to align’ by third quarter, says AlphatankerIn Vancouver, a race to the wire
Mr Sun remains as a director and the deputy party secretary of the Cosco Shipping group Related StoriesCosco Shipping sees changes at the top with management restructuringSMBC leads in project financing for Modec, Mitsui's FPSOCosco Shipping keeps on with management restructuring
Container line standards body formed after finally receiving regulatory clearance from the FMC that will allow it to provide a... Related StoriesElba Island LNG to begin service within weeksWhat should Kitack Lim tell the Extinction Rebellion kids?Fortescue takes production hit due to cyclone
Logistics firm offers to pay the price if it cannot live up to its delivery promises Related StoriesElba Island LNG to begin service within weeksWhat should Kitack Lim tell the Extinction Rebellion kids?Fortescue takes production hit due to cyclone
Analysts fear the end of the trade war sugar rush could make it harder for carriers to fix higher contract... Related StoriesTraders seen building VLSFO stocks ahead of bunker fuel switchMaritime cyber-crime under the spotlightDry bulk owners face an uncertain coal market
Harold Daggett, George Economou, John Reinhart, Rodolphe Saade and Richard Weeks will all be honoured by the Maritime Association of... Related StoriesElba Island LNG to begin service within weeksWhat should Kitack Lim tell the Extinction Rebellion kids?Fortescue takes production hit due to cyclone
Greater use of scrubbers will lead to more complicated cost structure for shipping lines after 2020 Related StoriesFrom the Newsdesk: It's more complicated than we thoughtWidening sanctions leaves OFAC open to ridiculeWidening sanctions leave OFAC open to ridicule
The dispute is in regard to an agreement made in 2014 that led to crew working additional hours at a... Related StoriesElba Island LNG to begin service within weeksWhat should Kitack Lim tell the Extinction Rebellion kids?Fortescue takes production hit due to cyclone
The Congressional hearing was called in connection with legislation introduced earlier this week by representative Mike Kelly and ranking member... Related StoriesElba Island LNG to begin service within weeksWhat should Kitack Lim tell the Extinction Rebellion kids?Fortescue takes production hit due to cyclone
Along the supply chain, the freight forwarder is the link between multiple parties and integrator of data, Samuel Shapiro & Co.’s Director of Supply Chain Angela Czajkowski noted at the 2018 JOC Logistics Technology Conference. In this interview, Czajkowski discussed the steps freight forwarders need to take to remain relevant...
[caption caption="Container volume growth tends to outpace the expansion of the value of trade by 1 to 2 percentage points, but both are flattening. Photo credit: Shutterstock.com"][/caption]It’s hardly a five-alarm fire and more of a slow-burn, but a new pressure on the container shipping industry is solidifying: Slowing global trade...
[caption caption="After 34 quarters in which availability rates declined, the rate fell by a “modest” amount and the change was “essentially flat” in the first quarter of 2019, according to a new report by CBRE. Photo Credit: Shutterstock"][/caption]Average rents for US industrial space rose for the 21st straight quarter in...
[caption caption="Kansas City Southern Railway said on an earnings call that Houston congestion is the single biggest problem it would like to fix in precision scheduled railroading because higher velocities will spread to trains throughout the network. Photo credit: Shutterstock.com"][/caption]Intermodal shippers moving goods through Houston are facing delays, with Kansas...
[caption caption="A BNSF Railway train hauling ocean containers. Although international volumes rose slightly, overall intermodal loads fell in 1Q for the first time since 2016. Photo credit: Shutterstock"][/caption]There are few bright spots for intermodal in the first quarter and warning signs that business conditions are heading towards a freight recession.It’s...
[caption caption="Truckload carriers added enough capacity in 2018 to"][/caption]Truckload pricing power has swung back to US shippers, and it’s difficult to see when that might change as the US economy expands more modestly in 2019 than last year, Kevin M. Zweier, vice president of transportation practice at Chainalytics, said during...
[caption caption="A 26 percent decline in Kansas City Southern's intermodal volume through the port of Lazaro Cardenas contributed to a 1 percent decrease in overall volume for the railroad during the first quarter. Photo credit: Shutterstock.com."][/caption]The teacher blockade that halted trains into the Mexican ports of Manzanillo and Lazaro Cardenas...
[caption caption="Zeamarine’s present fleet consists of about 90 multipurpose and heavy-lift (MPV/HL) vessels with lift capacities up to 1,400 tons, according to the company. Photo credit: Zeaborn."][/caption]Multipurpose and heavy-lift (MPV/HL) carrier Zeaborn Group will take full ownership of its Zeamarine joint venture (JV), pending approval by antitrust authorities, under an...
[caption caption="Two-thirds of small trucking carriers reported losing business to competitors charging “unsustainably low prices” within the past year, while 55 percent said customers have requested price cuts. Photo credit: Shutterstock.com."][/caption]Small US trucking companies are feeling the sting from falling prices and heightened competition for freight, but those carriers remain...
[caption caption="The reality of decarbonization has forced a paradigm shift in thinking away from decades-long efforts to improve efficiency of engines to ending all use of fossil fuels. Photo credit: Shutterstock.com"][/caption]The lead up to the International Maritime Organization’s low-sulfur fuel mandate has revealed a stark and unfamiliar reality to the...
[caption caption="Rotterdam, Europe’s busiest container port, handled 250,000 more TEU from January through March than during the first quarter of 2018. Photo credit: The port of Rotterdam."][/caption]First-quarter container throughput at the port of Rotterdam soared 7.3 percent compared with last year, despite slowing volume on the continent’s largest source of...
[caption caption="About 300 CBP officers are being deployed to the Southwest border from other parts of the country in an effort to alleviate crippling cargo congestion at key crossings. Photo credit: Shutterstock.com."][/caption]US Customs and Border Protection (CBP) is rushing to get Customs agents back in position at clogged Southwest border...
[caption caption="TradeLens is designed to enable trust between trading partners and supply chain stakeholders by allowing them to exchange trade and freight documentation in a blockchain environment. Photo credit: Shutterstock.com."][/caption]Ocean carrier Zim Integrated Shipping Services has joined the IBM- and Maersk-led blockchain platform TradeLens, a key step toward TradeLens reaching...
[caption caption="The 170-member Association of Bi-State Motor Carriers selected Communications and Legislative Affairs Director Lisa Yakomin as its new president. Photo credit: Shutterstock.com."][/caption]The Association of Bi-State Motor Carriers, the largest trucking group in the Port of New York and New Jersey has picked Lisa Yakomin to succeed Jeffrey A. Bader,...
[caption caption="Lowell, Arkansas-based J.B. Hunt reported intermodal volume fell 7 percent in the first quarter and ongoing work on the CSX rail network might keep numbers down in the second quarter too. Photo credit: Shutterstock.com."][/caption]Intermodal shipments were below expectations in the first quarter, and even though the weather was a...
[caption caption="Drewry expects multipurpose/heavy-lift (MPV/HL) demand to grow 3.8 percent in 2019, 1.4 percent in 2020, and 1.2 percent in 2023. Photo credit: Shutterstock.com."][/caption]Trade jitters and a continued slowdown in global economic growth are taking some of the wind out of the multipurpose/heavy-lift (MPV/HL) carrier sector’s sails, according to Drewry...
[caption caption="More than 1.5 billion tons of goods were transported within the UK in 2016, with more than three-quarters traveling by road. It is a source of carbon emissions that the industry wants government support to tackle. Photo credit: Lambert Brothers."][/caption]The demand for faster delivery in the United Kingdom is...
[caption caption="The Mexican Customs Administration will operate around the clock and increase staff by 50 percent in an effort to increase cargo fluidity at the port of Manzanillo, the country's busiest container gateway. Photo credit: Shutterstock.com."][/caption]A soon-to-be implemented plan to provide round-the-clock customs service at the port of Manzanillo and...
[caption caption="US-bound trucks arriving at the Mexican border face weeks of further delays, as immigration crisis spawns a freight crunch. Photo credit: US Customs & Border Protection."][/caption]Shippers dealing with trucking delays and congestion at the US-Mexico border must make changes to their supply chains if they want to minimize the cost...
[caption caption="Maersk, Mediterrean Shipping Co., Hapag-Lloyd, and Ocean Network Express (ONE) comprise the Digital Container Shipping Association (DSCA), a group that aims to bring uniformity to data protocols among liner carriers. Photo credit: Shutterstock.com."][/caption]Following the go-ahead from US regulators, a carrier data standards organization, first announced in November, is moving...
The Port of Le Havre recorded strong financial results in 2018, putting it in a good position to carry out its ambitious €600m (US$677.8m) investment programme which includes the completion of Port 2000. The increase in turnover to €195m (US$220.4m) is a result of the effectiveness of the pricing policy that has been set up, […]
A joint venture between DP World and industrial engineering specialist SMS Group has launched ‘Boxbay’, a new high bay storage (HBS) system that will be ready in time for the Dubai Expo 2020 with a pilot project scheduled at Jebel Ali Terminal 4. The patented design and rack structure of the system aims to create […]
Hutchison Ports Port of Felixstowe has received its first four remote-controlled rubber-tyred gantry (RTG) cranes. The electric-powered cranes were built by ZPMC in Shanghai and are the first of eight similar machines to be delivered over the next few weeks. The port also has two remote controlled ship-to-shore (STS) gantry cranes currently undergoing manual testing […]
Khalifa Port Container Terminal has ordered 60 all-electric, single-lift spreaders for the automatic stacking cranes (ASCs) to be commissioned in its terminal expansion. Vikram Raman, vice president of sales and service for Bromma in the EMEA region, stated that the repeat order proved “our equipment is performing well and the customer is happy”. The units […]
Online platform Container xChange aims to streamline the process of sourcing shipper-owned containers (SOCs) for a growing number of market participants who wish to save costs and gain control of logistics processes. Traditionally, sourcing an SOC can be long-winded as a shipper would have to reach out to companies, set up legal agreements, negotiate terms, add […]
BP, Nouryon and the Port of Rotterdam have partnered in an attempt to make ‘green hydrogen’ via water electrolysis for BP’s refinery in Rotterdam, which has the potential for reductions in CO2 emissions. The refinery currently uses hydrogen made from hydrocarbons, to desulphurise products. Replacing this entirely with green hydrogen produced from water using renewable […]
The Northwest Seaport Alliance (NWSA) has voted to approve lease agreements and authorise construction on the Terminal 5 modernisation programme to remain competitive in the shipping industry and expand cargo-handling capabilities. Once phase one of construction is complete in 2021, LLC, a joint venture entity owned by Seattle Terminals (SSA Terminals) and Terminal Investment Limited […]
bremenports has signed an agreement to enable the development of a deep-water port at Finnafjord in the north-east of Iceland, a long-term project which relies on shipping becoming more viable in the Arctic. If the North-East Passage between Asia and the US becomes navigable all year round, the journey times between these continents will be […]
PSA unboXed, the Singapore-based company’s innovation and corporate venture capital arm, and Israeli-based theDOCK have entered into an agreement to leverage technologies that will benefit the port, maritime and supply chain sector. Global ports, shipping and maritime logistics innovation hub theDOCK connects creative startups with worldwide leading maritime corporations through matching technology solutions with the […]
CyberLogitec has launched OPUS Logistiscs SaaS – a new, more robust version of its logistics operations solution designed for ease of use, implementation and IT infrastructure management. The solution is aimed at freight forwarders, Non Vessel Owning Common Carriers (NVOCCs), third-party logistics and warehousing operators to help meet the increasing demands of their customers’ requirements. […]
International Container Terminal Services, Inc. (ICTSI) has opened its TecPlata facility, billed as the most modern container terminal in Argentina. The opening comes amidst a period of substantial uncertainty in the country’s port sector with three container terminal concessions soon to expire in the Puerto Nuevo complex at the Port of Buenos Aires and confusion […]
CMA CGM has completed its public tender offer to acquire CEVA Logistics, as it implements a transformation plan to extend its shipping footprint into the logistics sector. The carrier now holds 97.89% of the outstanding shares of the logistics player and will consolidate the management teams in an aim to return CEVA to profit. Rodolphe […]
Hyster Europe has launched a new top lift laden container handler in an effort to help raise productivity at ports and terminals. The machine stacks up to six high and makes first row handling faster in container block stacking applications and when shuttling containers. Chris can de Werdt, product strategy manager EMEA bus trucks at […]
Commissioners for the Port of Houston Authority have agreed to limit the number of vessels measuring longer than 1,100 ft at the request of energy companies who feared large container ships would threaten export growth. Traffic for large vessels that cause one-way traffic limitations on the key ship channel approach of Galveston Bay has been […]
International Container Terminal Services, Inc. (ICTSI) has praised the concrete steps taken by the Philippine government to clear Manila ports of overstaying cargo. The Philippine Ports Authority (PPA), the Department of Transportation (DoTr), the Department of Trade and Industry (DTI) and the Bureau of Customs (BOC) have been working to ensure the swift disposition of […]
COSCO Shipping will take slots on an existing Canadian service via Montreal with Orient Overseas Container Line (OOCL), giving it a presence in Liverpool. The decision follows a trial by the Chinese carrier in October 2018, since when MSC has also introduced a new call to Liverpool as part of a rotation including Canada, Turkey […]
International Container Terminal Services, Inc (ICTSI)’s flagship Manila International Container Terminal (MICT) has further upgraded the Philippines’ largest fleet of container-handling equipment with four new hybrid rubber-tyred gantries (RTGs) from Japan. The new RTGs are manufactured by Mitsui Engineering & Shipbuilding Co. Ltd. (MES) and will be deployed immediately with the aim to further increase […]
DP World has acquired control of the Chilean company Puertos y Logística S.A., owner of Puerto Central (San Antonio) and Puerto Lirquen (Concepción) – two of the largest multipurpose terminals in the country. The acquisition of these facilities followed a successful Public Offer of Acquisition of Shares (OPA) made through DP World Holding UK of […]
Container traffic at Ports of Stockholm is on the rise, with volumes 25% greater in the first quarter of 2019 than the same period in 2018. To meet the demands of the rising throughput, the Stockholm Norvik Port is scheduled to open in May 2020 and will replace the current Container Terminal Frihamnen (CTF). Nicklas […]
Eurogate’s Wilhelmshaven terminal recorded a double digit increase in 2018, acting as a shining light amongst a 20.9% decline in net profit and throughput losses at its other terminals affected by the restructuring of shipping alliances. The group’s net profit for 2018 was €67.3m (US$75.5m) compared to €85.2m (US$95.6m), with the decrease mainly attributed to […]
Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) on April 15 annou... The post Navios Holdings announces preliminary results of its launched exchange offer appeared first on Container News.
It’s time for the liner industry to ditch the flawed fixed tender process where “someone always loses” and revisit index-linked contracts. In a webinar yesterday to reveal results of a survey of 80 senior executives, consisting of forwarders, BCOs and carriers, Freightos founder and chief executive Zvi Schreiber said there was considerable “frustration” with the […]
Japan’s International Maritime Organization (IMO) delegation is set to call for a mandatory shaft power reduction on all ships to help meet its commitment to cut shipping emissions by 40% by 2030. A proposal, seen by The Loadstar but not yet made public, entails retro-fitting engine power limitation (EPL) systems on all non-EEDI 3-certified vessels. […]
Just-in-time (JIT) vessel arrivals could answer two of container shipping’s most pressing problems: surging fuel costs and poor schedule reliability. Vessel tracking specialist MarineTraffic is working with the IMO’s Global Industry Alliance (GIA) to slash the time containerships spend idling outside ports by implementing a “JIT sailing” concept. Argyris Stasinakis, MarineTraffic’s partner for business development, […]
Ocean carriers plying the Asia-North Europe tradelane are taking measures to “stop the rot” by cancelling more sailings, according to Alphaliner. Spot rates on the route have slumped to a 12-month low. The North Europe component of the Shanghai Containerized Freight Index (SCFI) slid a further 2.7% last week to $640 per teu, and has […]
Improved efficiencies helped Panalpina to a first-quarter ebit up 15% to Sfr28.1m ($27.8m), while consolidated profit also rose 15%, to Sfr19.2m, with total operating expenses down 5% at Sfr290m. However, forwarding results saw declines and gross profit was down 2.6% to Sfr173.1m. Results in air freight implied the company was chasing market share at the expense of […]
For all those naysayers, Maersk may in fact have its day, as yet another “competitor” signs up to its TradeLens blockchain platform. While “competitor” may be accurate, in that this new signee does offer a container shipping service, Zim can hardly be compared with Maersk in terms of market dominance. That said, as Splash 24/7 […]
Jeff Rubin needs no introduction, but I am giving him one anyway. Former CIBC global chief economist for some 20 years, leading oil authority and much sought after keynote speaker, Jeff has developed and published ground-breaking insights on the lesser known aspects of oil in globalisation and the modern economy. He’s received 10 first place […]
A container shipping group to help coordinate the industry’s rapid digitisation has formally launched after a green light from the US Federal Maritime Commission. MSC, Maersk, Hapag-Lloyd and Ocean Network Express (ONE) officially established the Digital Container Shipping Association (DCSA) last week in Amsterdam, with Maersk’s Thomas Bagge named chief executive and MSC’s Andre Simha […]
The multipurpose vessel (MPV) and heavylift shipping sector is set for 3.8% growth this year, declining to 1.4% in 2020, as the global economy slows and competition for cargo grows, according to Drewry. The maritime consultant said the sector would see “strengthening rates through 2019 fuelled by rising project cargo traffic, but prospects thereafter are muted by an anticipated slowdown in world […]
Costly empty container repositioning has been exacerbated by the US-China trade war, as more empty boxes than ever before head back to Asia. However, artificial intelligence (AI) and the digitisation of one-way container leasing could help alleviate the shipping industry’s US$20bn empty box problem. According to Jeremy Nixon (pictured above), chief executive of Ocean Network […]
Not to be confused with the occasional White House announcement of an “infrastructure week,” the actual Infrastructure Week is scheduled for May 13-20, with events in Washington and throughout the country.
In a joint letter to U.S. District Judge Alison Nathan, Tesla Inc.’s top executive and the securities regulator said they haven’t been able to resolve a legal dispute over how Musk posts news about his electric-car company. The judge agreed and gave them until April 25.
U.S. new-home construction unexpectedly fell in March, decelerating to the slowest pace since May 2017 and suggesting builders remain wary even as lower mortgage rates and steady wage gains offer support to consumers.
The bankrupt estate of Sears Holdings Corp. sued Eddie Lampert and his hedge fund ESL Investments Inc., claiming they wrongly transferred $2 billion of company assets beyond the reach of creditors in the years leading up to the retailer’s bankruptcy.
The CEO of the world’s largest alternative asset manager is confident the United States isn’t headed toward a recession any time soon and is certain the nation will strike a trade deal with China, Schwarzman said in a Bloomberg Television interview April 18.
The launch of the Nikola Two tractor just days ahead of Earth Day — April 22 — was a fitting and, perhaps, deliberate gesture by the company to spotlight the trucking industry’s progress in improving its level of environmental responsibility.