An executive at Brazil's largest railway operator Rumo said soy crushing in China is returning to normal levels after an extended halt, a good sign for logistics operators involved in moving the oilseeds from Brazil's fields to the world's top importing country…
Russia has ordered the mandatorydisinfection of ships arriving at the Black Sea ports of Novorossiisk and Yuzhnaya Ozereyevka from Iran, Italy and South Korea because of the coronavirus, a document seen by Reuters showed.A branch of Rospotrebnadzor…
South Korean port company Busan Port Authority (BPA) said that it signed a contract with Samsung SDS to operate a logistics center in Rotterdam.BPA will begin a construction of the logistics center in September this year and complete and operate it in around June 2021…
The ports of Los Angeles and Long Beach Sign MOU to enhance competitveness. The newly approved memorandum of understanding (MOU) is an opportunity to explore five areas of additional cooperation that will enhance competitiveness: cargo transfer predictability…
Global shipping holds its breath as the coronavirus continues to spread and generates massive economic and financial uncertainty.Two weeks ago, BIMCO argued that – from an economic perspective - when China sneezes, we all catch the flu. Since the SARS outbreak in 2003…
For 2020, global container demand is projected to grow by 1-3%, as per forecast by A.P. Moller - Maersk.The continued weak global sentiment above all in the manufacturing sector reduces the likelihood of a material growth pick-up in 2020, although sentiment brightened a bit at the end of 2019…
India’s shipping and ports industry is likely to be negatively impacted by the outbreak of coronavirus (COVID-19) across China and South-East Asia, according to credit rating agency ICRA.China has been a major driver of global shipping trade in tanker…
Malaysian national oil company Petronas’ subsidiary Petronas LNG Ltd recently signed a 12-year time charter party (TCP) with a Japanese shipowner Kawasaki Kisen Kaisha Ltd (“K” Line) for two midsized new build LNG vessels.According to the statement…
German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) said that it has achieved targets for the year as the revenue and operating result (EBIT) increase with moderate increase in container throughput and significant rise in transport volume…
Singapore shipping company Pacific International Lines (PIL) has announced that it is quitting the Transpacific market as part of an optimization strategy. The shipping line has been participating in a half-dozen trans-Pacific services, mostly in slot-charter arrangements…
Cargo volume was down slightly in January at the Port of Long Beach, compared to the same month in 2019.Terminal operators and dockworkers moved 626,829 twenty-foot equivalent units (TEUs) last month, down 4.6% compared to January 2019. Imports decreased 4…
Marine cargo handling company DP World has agreed to acquire a majority 51% stake in TIS Container Terminal in the Port of Yuzhny, Ukraine, subject to the satisfaction of certain conditions, including regulatory approval.'Bringing the TIS Container Terminal into DP World's global network of ports…
The largest seaport in Europe Port of Rotterdam saw a freight throughput of 469.4 million tonnes in 2019, fractionally higher than in 2018 (469 million tonnes).According to a release, investments by the Port of Rotterdam Authority were again at a high level…
Diana Shipping announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with BHP Billiton Freight Singapore Pte. Ltd., for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia.According…
The Helen Delich Bentley Port of Baltimore recorded another record-breaking year in 2019. Figures released show new high marks for cargo tonnage passing through the Port’s public and private marine terminals, as well as new benchmarks for containers and the number of cars and light trucks handled…