China’s container shipping company Cosco Shipping Lines signed a strategic Memorandum of Understanding (MoU) with Africa-based Bolloré Transport & Logistics to develop new opportunities in transport, logistics and port infrastructure.The two companies…
The dry cargo vessel player Navios Maritime Partners announced the appointment of Mr. Alexander Kalafatides to its Board of Directors.The international owner and operator of dry bulk and container vessels said in a press release that Kalafatides…
Ukraine-based Informall Business Group in its latest Black Sea Container Market review reports a rise of 8.70% in loaded containers handling in the Black Sea container ports of Romania, Bulgaria, Ukraine, Russia and Georgia in 2018 as compared to 2017…
The international rating agency Moody’s has upgraded the German cargo container shipping line, Hapag-Lloyd AG's corporate family rating (CFR) to B1 from B2 and its senior unsecured bond rating to B3 from Caa1. The outlook remains stable.According to Moody's release…
APL launched a new weekly Asia Australia Express 2 (AAX2) service that will connect the key Southeast Asian ports of Vietnam, Malaysia, Singapore and Indonesia to the two major eastern Australian cities of Brisbane and Sydney.The AAX2 service…
Maritime research consultancy Drewry believes that the industry’s supply-demand balance will benefit from a reduced appetite for Ultra Large Container Vessels (ULCVs) among the major carriers, some of which now have their eyes fixed on a bigger prize of becoming global logistics integrators…
Maersk and PBF Logistics LP announce agreement for production and storage of 0.5% sulphur fuel on the U.S. East CoastPBF Logistics terminal facility in New Jersey to deliver approx. 10% of A.P. Moller – Maersk’s annual fuel demand as Maersk…
The fire-stricken 9,200 teu APL Vancouver is en route to a Singapore lay-by berth for inspection by surveyors, following the decision last week to declare general average (GA).'The vessel was cleared for departure on February 12th following inspections by the Salvage team and Class surveyor…
U.S. Treasury Secretary Steven Mnuchin said talks with China went well on Wednesday, as the world's two largest economies try to iron out an agreement to resolve their trade dispute.'So far, so good,' he said when asked by reporters on how the meetings in Beijing went…
An escalation of tariff wars between China and the United States could dampen growth in international container shipping as operators pre-emptively brought forward business in the second half of last year, Germany's Hapag Lloyd said.'Many customers tried to get their goods through to the U…
Hamburg Süd is introducing its future use of Remote Container Management (RCM) with full transparency in real time as well as significantly increased efficiency for refrigerated transport chains.In recent months, all the reefer containers used by Hamburg Süd have been outfitted with RCM technology…
Maersk Shipping Line will add a virtual assistant — named Captain Peter — in the first half of 2019 to its remote container management (RCM) platform, which will feature a revamped design and new product features.Currently being tested by a group of select customers…
Hamburg-based feeder operator Team Lines, which belongs to the Belgian Delphis Group, will close down its business.The deteriorating market conditions in Northern Europe combined with the ongoing consolidation process in the maritime sector…
Sri Lankan customs officers on Tuesday called off a strike that left 6,000 containers stranded at the country's main port and put pressure on food prices, after the government agreed to reinstate their boss for three months.The strike by thousands…
South Carolina Ports Authority announced the strongest January on record and 12.5 percent fiscal year-over-year growth of container volume.SCPA handled 205,689 twenty-foot equivalent container units (TEUs) last month. Since the Port’s fiscal year began in July…