German-based cargo container shipping line Hapag-Lloyd AG is splitting its Region Europe into northern and southern parts. In doing so, the world’s fifth-largest liner shipping company will remain close to global markets and serve customers from a total of six regions effective immediately…
The Port of Baltimore is poised to muscle its way into the nation’s elite top 10 ports. How that happened really isn’t hard to understand. That’s because what comes next will be the dividend of many years of focused planning.The Port of Baltimore…
Reefer container equipment availability will remain tight over the next few years which will impact shipping capacity supply and freight rates at seasonal peaks, according to Drewry’s latest Reefer Shipping Annual Review and Forecast 2019/20 report…
World’s largest container ship MSC Gülsün will visit port of Rotterdam. The ship will be calling on the APMT2 terminal at Maasvlakte 2 in Rotterdam on Tuesday, 3 September, between 2 and 3 p.m.With a length of 400 meters and a width of 62 meters…
Montreal Port Authority is proposing to build a new container terminal within the port’s Contrecoeur terminal to support the growing container market in the greater Atlantic Canada region, with construction expected to start next year after the necessary approvals have been received…
Hong Kong-based international transportation and logistics company Orient Overseas International (OOCL) reported an interim net profit of US$138.9 million for the first half of 2019, swinging from a loss of US$10.3 million this time last year…
The Azerbaijan Caspian Shipping Company (ASCO) will launch a test voyage of a feeder vessel along the Black Sea container route Batumi-Constanta by September 20.The vessel will sail every 10 days (3 times a month). If cargo volumes increase…
Israeli container line ZIM Integrated Shipping Services Limited reported a total revenues of $834.3 million in Q2 2019, reflecting an increase of 3.9% compared to $803.2 million in Q2 2018.In Q2 2019, ZIM carried 731 thousand TEUs, the second highest ever carried volume (reflecting a decrease of 5…
Peel Ports Group has been accredited with the internationally recognized quality mark of Authorized Economic Operator (AEO) at all its principal ports by Her Majesty’s Revenue and Customers, affirming the Port’s efficient and robust processes to customers worldwide…
The Jacksonville Port Authority (JAXPORT) has achieved its best ever July container volumes, with total container movements increasing 19 percent over the previous July. More than 116,000 twenty-foot equivalent units (or TEUs, the industry standard…
Swiss-based global container shipping company MSC Mediterranean Shipping Company announced that MSC Gülsün, the world’s largest container ship, has arrived in Europe after completing its landmark maiden voyage from the north of China.MSC Gülsün is the first of a new class of 23…
Vessel owners rarely carry cargo for their own account. More commonly by far, a vessel owner will charter its vessel to another party to carry their (or their sub-charterer’s) cargo. The contracts can vary widely – from voyage charters or…
The world's biggest container shipping company AP Moller-Maersk delivers a 17% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.4 bn in Q2 compared to the same quarter last year.Revenue grew slightly to USD 9…
The Vancouver Fraser Port Authority, the largest port in Canada and the largest in the Pacific Northwest, has recorded new mid-year record for container volumes.Between January 1 and June 30, 2019, overall cargo through the port increased 0…
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation reported a consolidated revenues of about NTD 40.4 billion (USD 1.3 billion) for the second quarter of 2019, up 20.24% compared to the same period of prior year.Business volumes increased by 5% year-on-year to 1…