Reflections 2019 – Market Analysis Section By Peter Sand, Chief Shipping Analyst.This article contains extracts from BIMCO’s Reflections 2019, which will be available in full on 2 January 2019 on www.bimco.org and will be sent out to all BIMCO…
Ocean freight rates for cargoes moving under contracts on major East-West routes decreased by 7% in the fourth quarter, according to the results of Drewry’s Benchmarking Club Contract Index.The cost reduction, based on contract freight rate data provided confidentially by Asian…
International Transport Intermediaries Club (ITIC) has warned its members to perform proper bank account checks when transferring funds to principals and intermediaries.The warning comes following the fraudulent diversion of a significant sum…
Kalmar, part of Cargotec, has signed a contract with SPT Services Sdn Bhd, for an order of 41 units of Kalmar TL2 Terminal Tractors. The order was booked into Cargotec's 2018 fourth quarter order intake and scheduled for delivery in December of 2018…
Liebherr Maritime Cranes has delivered the first out of two LHM 550 to its neighbors in the Port of Rostock, Germany. Euroports Germany wants to increase its turnover considerably with the new cranes. Liebherr succeeded in finding a tailor-made solution for the requirements of the Euroports…
Stowage planning is an extremely hard discipline that is taught in an apprenticeship fashion within liner shipping companies. By utilizing each container vessel maximally and incorporating knowledge about stowage planning in both operational and commercial functions…
This year, TRAC Intermodal celebrates 50 years of delivering high-quality products and innovation since its founding in 1968 as Interpool, Ltd.TRAC Intermodal has been helping transform the global supply chain for half a century through advances in engineering…
China to suspend additional 25 pct tariffs on U.S.-made cars for three months; China's planned tariff halt follows purchase of U.S. soybeans.China will suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan…
Striking stevedores at the Portuguese port of Setubal and the port administration reached a deal on Friday to end a strike that started 40 days ago and has blocked shipments of over 20,000 cars from a Volkswagen plant nearby.'Loadings can start today if there are ships ready…
The operationalizing of three investment projects will begin in Shahid Beheshti port of Chabahar this week, said a communication from the Iran government.Behrooz Aghaee, Director General of Ports and Maritime Affairs of Sistan and Baluchestan Province…
U.S. Transportation Secretary Elaine L. Chao announced 14 grants, which go to port-related projects, are made through the Better Utilizing Investments to Leverage Development (BUILD) Transportation Grants program.Port-related projects will receive a total of $229…
U.S. Transportation Secretary Elaine L. Chao has (Dec. 11) announced $1.5 billion in discretionary grant funding to 91 projects in 49 states and the District of Columbia. The grants, 14 of which will go to port-related projects, are made through…
China and the United States discussed a road map for the next stage of their trade talks on Tuesday during a telephone call between Vice Premier Liu He, U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer.U.S. President…
Abu Dhabi Ports on Monday inaugurated the new Cosco Shipping Container Terminal at Khalifa with a capacity of 2.5 million TEUs (twenty-foot equivalent units).The new CSP Abu Dhabi Terminal, which includes the largest container freight station in the Middle East…
COSCO SHIPPING Ports and Abu Dhabi Ports inaugurated CSP Abu Dhabi Terminal at Khalifa Port; positioning Abu Dhabi as the regional hub for COSCO’s global network of 36 ports and further connecting the Emirate to the major trade hubs along the Belt and Road Initiative (BRI)…