India can save up to USD 28 billion in infrastructure spend and another USD 3.3 billion in transportation cost if 50 per cent of overall trade moves closer to ports by 2020, PTI said quoting an EY report. The EY report 'Knowledge Paper on…
“The Federal Administrative Court in Leipzig has expressly underlined the necessity for the adjustment of the navigation channel with its decision today,” says Jens Meier CEO of Hamburg Port Authority commenting on the judgement of the Federal…
Imports at the nation’s major retail container ports are expected to increase 4.6 percent during the first half of 2017 over the same period last year as the nation’s economy improves and retail sales continue to grow, according to the monthly…
Xeneta, an ocean freight benchmarking and market intelligence software platform, has raised $12 million in a Series B investment round led by London-based Smedvig Capital. Existing investors including Creandum and Alliance Venture also participated in the round…
Rodolphe Saadé is the new chief executive of container shipping line CMA CGM, taking over the role previously held by his 80-year-old father. The top spot at CMA CGM Group has been passed from one generation to another. Jacques Saadé announced…
Hamburg Süd has opened its first proprietary agency in the Middle East. On February 1 Hamburg Süd Shipping LLC commenced operations in Dubai, United Arab Emirates. The company-owned agency coordinates Hamburg Süd’s business in the Persian…
The U.S.’ top five trading partner countries for goods in 2016 were China, Canada, Mexico, Japan and Germany, according to full year 2016 U.S. international trade in goods and services data compiled by the U.S. Census Bureau and the Bureau of Economic Analysis…
European Shipping Week will take place in Brussels from February 27 to March 2, and there delegates will focus on the correct packing of Cargo Transport Units (CTUs) and the safety issues that result from poor work practices. The Secretary-General of the International Maritime Organization (IMO)…
INTTRA, an ocean shipping marketplace, announced that it generated 16 percent growth in 2016 over 2015 in container orders, which include bookings, shipping instructions and shipping orders. The company processed 38.5 million container orders on its platform…
South Carolina Ports Authority (SCPA) announced an all-time record container volume of nearly 105,000 pier containers and 185,018 twenty-foot equivalent units (TEUs) handled in January. As measured in pier containers, or total box volume…
DP World Limited handled 63.7 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year of 2016, with gross container volumes growing by 3.2% year-on-year on a reported basis, and 2.2% on a like-for-like basis…
South Carolina Ports Authority (SCPA) announced an all-time record container volume of nearly 105,000 pier containers and 185,018 twenty-foot equivalent units (TEUs) handled in January. As measured in pier containers, or total box volume…
In January 2017, the Panama Canal set a new monthly tonnage record of 36.1 million Panama Canal tons (PC/UMS), with the transit of 1,260 ships through both the Expanded and original locks. The previous record was established the month prior…
Container shippers Maersk Line and Hamburg Süd announced a slot purchase agreement for Hamburg Süd’s volumes on the East–West trades to be shipped on vessels in the 2M network. Maersk Line acquired Hamburg Süd in December 2016, and the…
Broward County's Port Everglades had a record-setting month in December 2016, logging 104,590 TEUs (20-foot equivalent units, the industry's standard measurement for containers), moving through the Port. This is the highest producing month in the Port's nearly 90 -year history…