The World Container Index’s composite index, an average of spot freight rates on 11 global East-West routes connecting Asia, Europe and the US, reached a record low of US$701 per 40-foot container on March 10, says Drewry Shipping Consultants…
A first-of-its-kind initiative - Project executed with support from Padma Shri Dr. Sharad Kale, BARC- Ensures retention of key nutrients in the environment and reduction in CO2 emissions- Easily replicable initiative to benefit…
MacGregor has carried out optimised cargo system upgrades for two 14,000 TEU container vessels owned and operated by China Shipping Container Lines (CSCL). The vessels have re-entered service following the upgrades, which have been designed to increase their actual payload capacity…
What should have been acceptable ship utilisation figures last year didn’t prevent spot rates from falling to historic lows. Carriers will need to intensify their capacity management tactics in 2016 if they are to reverse the trend. The…
A new global policy introduced by the Maersk Group, the parent company of APM Terminals, will provide a minimum of 18 weeks of maternity leave for new mothers. The maternity leave, at full pay, will be followed by a phased reintegration to work over the next six months…
French-based CMA CGM, the world's third-largest container shipping firm, said on Monday it expects its volume growth to outperform the market again in 2016 after strong expansion last year helped it cushion a slide in freight rates. CMA CGM…
Hawaii charities received $1.2 million, Pacific Islands $500,000 mainland $400,000 Funded by the businesses of container shipper Matson, Inc., the Matson Foundation last year provided more than $2 million in cash and in-kind donations to…
Today, the Panama Canal Authority (ACP) hosted an Open Forum, giving shipping line representatives and steamship agents the opportunity to discuss the Panama Canal’s services once the expanded waterway begins operations. The Forum, titled “Exchange…
In 2015 around 295,000 TEU – 20-ft standard containers – were transported between the Port of Hamburg and intermodal terminals in Austria by environmentally-friendly rail. That represents a 9.3 percent gain, setting a new record for Hamburg’s seaport-hinterland services with Austria…
Since the end of October 2015, SeaIntel Maritime Analysis showed that 115 vessels deployed on Asia-USEC and Asia-North Europe services have made the back-haul trip to Asia by sailing south of Africa instead of through the Suez and Panama Canals…
The Shipping Corporation of India’s (SCI) Worldwide Agents' Meet 2016 held on March 2nd, 2016 drew 88 agents from across the world to participate in the Meet. There were representatives from Far East, Indian Subcontinent, Persian Gulf, Western Europe…
ICHCA’s inaugural International ‘Innovation in Safety’ Award was presented in recognition of APM Terminals Buenos Aires Terminal 4’s “Safety Logging System”. Barcelona, Spain – APM Terminals Buenos Aires, operator of the Terminal 4 facility in Argentina’s primary port…
How one Hapag-Lloyd employee has dedicated his free time to the card game skat. Even if the card game has never really made it across Germany’s borders, almost 200 years after it was invented in the Thuringian city of Altenburg, skat remains one of the most popular card games among Germans…
Global Consolidators Working Group(GCWG) has urged the International Maritime Organization (IMO), an arm of the United Nations that regulates shipping safety, to provide more detail about the much-debated container verification rules, set to be introduced by July 1…
The positive trend of increasing freight volumes has continued and during 2015 six percent more freight was transported via the Port of Kapellskär than in 2014.Freight volumes at the Port of Kapellskär increased by six percent in 2015 compared to the figures for the previous year…