After two months of steady increases in long-term contracted rates for containership operators, the latest XSI Public Indices report from Xeneta shows a reversal of fortunes, with rates falling by 4.2%.According to the report’s crowd-sourced data - covering over 160…
The latest round of China-U.S. trade talks began in Beijing on Wednesday, as both countries look to end their bitter trade war.Chinese Vice Premier Liu He greeted U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer as they arrived at a state guest house in Beijing…
The containership charter owner Global Ship Lease (GSL) has agreed minimum 21-month / maximum 24-month charters with ZIM Integrated Shipping Services for the 2000-built, 5,936 TEU containerships Dimitris Y and Ian H.The new charters are expected to commence in June and July 2019…
NASCENT Technology, a provider of gate systems and related technologies, has announced that South Carolina Ports Authority (SCPA) has selected NASCENT's SYNAPSE advanced Gate System, in combination with the company's enVision OCR Portal offerings…
International trade is subjected to diverse and wide controls and customs regulations that need to be met to ensure that traded goods are entering and exiting legally.If a delay occurs, the entire plan gets affected. A delay causes increased expenses such as storage costs…
Hamburg Süd christened the “Polar Mexico” container ship in the Mexican port of Veracruz on the weekend.The sponsor of the “Polar Mexico” is Claudia Dávila, wife of Carlos Ayala, Logistics and Distribution Director of Alpek Polyester, which is a subsidiary of the Alfa Group…
The Jacksonville Port Authority (JAXPORT), an international trade seaport on the St. Johns River in Jacksonville, Florida, set a new port record today with the arrival of the ZIM vessel Kota Pekarang, the largest container ship to ever call Jacksonville…
Navios Maritime Containers announced that it took delivery of a 2011-built 10,000 TEU containership on April 23, 2019. As previously announced, the containership was acquired from an unrelated party for a purchase price of $52.5 million.The vessel is chartered out at a net rate of (i) $26…
South Korean major Hyundai Merchant Marine (HMM) unveiled its plans to expand cooperation with Russian container line FESCO on their China Russia North Service (CRN).HMM has been jointly operating a China-Korea-Russia weekly service, under the name of ‘CRN’ with FESCO and CMA CGM…
Malaysia's Tanjung Bruas Port (TBP), a member of MMC Group, announced that it now offers container ships services at its Tanjung Bruas Port terminal.TBP recently welcomed the MV West Scent, the first Container vessel to ever call its terminal at Tanjung Bruas Port…
Hamburg Süd and the International Maritime Museum Hamburg (IMMH) have signed an agreement to catalog and display the historical collection of the shipping company, which was founded in 1871. Using images, ship models, documents and other artefacts from Hamburg Süd’s archive…
Port Manatee has enjoyed the busiest first fiscal half in its nearly 50-year history, shattering several key cargo records for the six-month period ended March 31.The Central-Southwest Florida Gulf Coast port has achieved new first-half highs…
Global ports operator DP World and industrial engineering firm SMS Group announced 'Boxbay', a new and 'smart' shipping container storage system that aims to change the way that containers are handled in ports.The patented design and rack structure…
ABS and representatives from the Cargo Incident Notification System (CINS) form a joint industry project to develop best practices for carriage of dangerous goods. ABS and leaders representing the Cargo Incident Notification System (CINS)…
Acquisition part of $60 million investment in Honolulu terminal improvements.Matson has received three new 65 long-ton capacity gantry cranes at its Honolulu hub terminal at Sand Island. The biggest ship-to-shore container cranes to be deployed at any commercial harbor in Hawaii…