The European Commission on Wednesday said it has given its conditional approval to a merger between German container shipping line Hapag-Lloyd and the United Arab Shipping Company (UASC). The merger would create a combined company worth about 7 to 8 billion euros ($7…
Global container shipping company CMA CGM and Algerian national shipping company CNAN NORD Spa have signed a cooperation agreement on November 8 to develop shipping transportation in Algeria. The agreement focuses on three strategic axes…
Georgia Ports Authority Executive Director Griff Lynch reported to the GPA board Monday fiscal year to date growth of 4 percent for loaded container traffic, moving 1.01 million twenty-foot equivalent container units, an increase of 40,545 TEUs compared to the same period in 2015…
Asia to West Africa container traffic fell by 19% in the third quarter; the end-year result will not be much better.The IMF’s latest World Economic Outlook, published last month, described “multispeed” growth for sub-Saharan Africa economies…
CMA CGM, the world's third-largest container shipping company, posted on Friday another net loss in the third quarter as freight rates remained weak and it integrated Singapore-based NOL, its biggest-ever acquisition. The sector was showing…
NYK subsidiary NYK Ports, together with Macquarie Infrastructure Partners III (MIP III), has invested in Maher Terminals, which operates a terminal in the U.S. port of New York and New Jersey. On November 16, 2016, NYK Ports acquired a 20 percent share of Maher…
Handling at the container terminal in Copenhagen is being further improved with Copenhagen Malmö Port, CMP, putting a new logistics system into operation. This will give the customers an even better and faster service in the future.PIC, the new Terminal Operating System (TOS)…
Honolulu-based Pasha Hawaii said the company narrowed its selection to two U.S. shipyards for the construction of two new Liquefied Natural Gas (LNG) fueled containerships, with the option to order two additional vessels. Contract specifications are expected to be finalized by the end of the month…
Shares of U.S. shipping companies shot higher again on Wednesday, causing volatility halts in a number of stocks and raising questions among investors and analysts over the extent of their sharp post-election rally. The jump in share prices…
At 104.9 million tons, total seaborne cargo throughput for the first three quarters of 2016, covering general and bulk cargo segments, was up 0.3 percent on the previous year.“Seaborne cargo throughput in the Port of Hamburg has stabilized…
Governor Terry R. McAuliffe announced that The Port of Virginia will finalize the $217 million contract with Konecranes for that company to build and deliver 86 specialized cranes that will be at the center of the port’s expansion projects at…
October container volumes were down 6.2 percent at the Port of Long Beach compared to the same month last year, as the fallout from the Hanjin bankruptcy continues to settle.According to the port, a total of 581,808 twenty-foot equivalent units (TEUs) moved through docks last month…
Engineering firm Hy-Dynamix has teamed up with Dynamic Load Monitoring (UK) Ltd (DLM) to build new wireless reporting technology into its portable container weighing solution, the Hy-Weigh. The four-corner hydraulic jack system, launched in May…
As peak cargo season continues, the Port of Virginia is adding to its record books. In October, the port handled 238,567 TEUs (twenty-foot equivalent units), making it the single-busiest month in the port’s history.In comparison with last October…
Cargo volumes at the Port of Los Angeles increased nearly 16 percent in October compared to the same period last year, marking the busiest month ever at a Western Hemisphere container port, according to data collected by the American Association of Port Authorities (AAPA)…