May imports at the Northwest Seaport Alliance of Seattle and Tacoma reached their highest level since 2010 this year.At 131,067 TEUs (20-foot equivalent units), import volumes were 0.7 percent above last May's total.Export volumes of 114,227 TEUs marked a 11…
French-based CMA CGM, one of the world's largest container shipping firms, has agreed to acquire Finland's Containerships from Container Finance Ltd Oy.Terms of the deal, which is expected to close in three to six months, were not disclosed…
Denmark's A.P. Moller-Maersk has chosen Carolina Dybeck Happe as its new Chief Finance Officer, it said on Wednesday.Happe will take the position at a time where Maersk is undergoing a strategic transformation from a broader conglomerate including an oil business to a more focused shipping company…
The logistics surrounding the Port of Rotterdam are daunting. Eight deep sea terminals; 600 barges with 150 different owners; some 150,000 shippers from across Belgium, the Netherlands and Germany all relying on the port. The result is a fragmented…
China and the United States sank into a deepening trade conflict that roiled financial markets Tuesday after U.S. President Donald Trump threatened to impose tariffs on an additional $200 billion of Chinese products, prompting Beijing to accuse Washington of starting a trade war…
Global Ship Lease, a containership charter owner, announced that the Company has taken delivery of a 2005-built, 2,800 TEU containership, now named GSL Valerie. Shortly after delivery, and as agreed at the time the Company contracted to purchase the vessel…
India’s Krishnapatnam Port Company Limited (KPCL), in an industry first initiative, announced the installation of ‘Rapiscan Eagle P 60 (“Eagle P60’)’ a drive through X Ray Container Scanner & Radiation Portal Monitors. Besides increasing security and safety of the port…
Monaco-based container ship company Navios Maritime Containers has filed with the SEC to raise up to $100 million in an initial public offering. The information of IPO was originally provided by the IPO investment manager Renaissance Capital…
China will impose additional 25 percent tariffs on 659 U.S. goods worth $50 billion in response to the U.S. announcement that it will levy tariffs on Chinese imports, the Chinese commerce ministry said.Tariffs on $34 billion of U.S. goods including…
President Donald Trump on Friday announced that the United States will implement a 25 percent tariff on $50 billion of goods from China related to intellectual property and technology, and pledged to impose further levies if the Asian nation takes retaliatory measures…
New pre-arrival clearance protocols and reduced terminal handling charges for containers in transit, mean that Jordan’s deep-water Aqaba Container Terminal (ACT), located on the Red Sea, is now a realistic alternative maritime gateway for Iraq-bound cargo…
Recognizing the need for the container terminal industry to prepare for the 4th industrial revolution and to further advance digitalization, an open group of 15 global private container terminal operators and some port equipment manufacturers…
Oosterhout Container Terminal (OCT) has now joined the West-Brabant corridor, the partnership launched in February 2018 between deep-sea terminals, inland shipping companies and inland terminals to bundle container cargo on the sailing route between Tilburg…
The Port of Savannah handled 3 million tons of cargo in May, an increase of 8.9 percent or 247,671 tons compared the same month a year ago. Total cargo crossing all terminals reached 3.22 million tons. 'Our May numbers reflect strong performances in breakbulk and containerized trade…
Ocean carrier APL announced today it will introduce two new weekly services from central and southern China connecting to Indonesia and Australia respectively.APL's new China Southeast Asia Service 8 (CS8) set to commence on June 30 will provide direct access from Shanghai…