Containerized cargo volume moving through this city is expected to increase 2 percent annually for the next five years. The catalyst for growth: a nearly $700 million injection of capital from outside investors. That’s the message Port of…
For three Japanese ocean carriers combining their shipping container business into ONE, the future is bright and it comes in magenta. The future arrives this April. ONE stands for Ocean Network Express, a joint venture of “K” Line, Mitsui O…
COSCO: Shipping Demand to Stay Strong in 2018COSCO Shipping Holdings Co Ltd said it expects further growth in container shipping demand thanks to a continued recovery in global trade, after reporting it had swung to a net profit of $429.42 million for 2017…
The City of North Port and the International Trade Hub at Port Manatee are teaming with Chile’s trade commissioner in efforts to expand commercial links. “We look forward to realizing vast untapped potential for enhanced ties with both North Port and Port Manatee…
Shipping confidence reached a four-year high in the three months to end-February 2018, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents was up from 6…
TOTE Inc. president and CEO Anthony Chiarello will retire this summer after eight years at the helm and nearly four decades in the maritime industry.“As I look ahead to my 63rd birthday later this year, it is time for me to spend more time with my family and loved ones…
German shipping company Hapag-Lloyd plans to give details within three to six months on compliance with tighter shipping fuel regulations that will kick in from 2020, its chief executive Rolf Habben Jansen said on Wednesday. The International…
Container shipping line Hapag-Lloyd announced a surprise dividend to shareholders on Wednesday and forecast a rise in annual earnings this year thanks to synergies from its merger with Gulf peer UASC.Hapag-Lloyd merged with UASC last year…
The Georgia Ports Authority broke ground on its $126.7 million Mason Mega Rail Terminal Monday. The expansion will increase the Port of Savannah's rail lift capacity to 1 million containers per year, and open new markets spanning an arc of cities from Memphis to St…
Following Australia's move to ban the containership MSC Kia Ora for unpaid crew wages, MSC Mediterranean Shipping Company said in a statement that it does not oversee the maintenance, or the workforce, of the chartered banned vessel, Kia Ora…
St. Louis Regional Freightway, Port of Plaquemines and St. Louis Regional Ports Sign Agreement to Foster Economic Growth on the Mississippi River. The pact will help support development of a new transportation link for cargo to move along the Mississippi River…
Djibouti is in talks with French shipping company CMA CGM to develop a new container terminal at an initial cost of $660 million as part of the tiny African country's bid to expand into a sea and air transport hub for the continent. Aboubakar Omar Hadi…
Liberian-flagged containership MSC Kia Ora has been banned from Australian ports for three months after the operator failed to ensure crew were paid their wages in full and on time, and that critical equipment was maintained. The ban was issued by the Australian Maritime Safety Authority (AMSA)…
Agricultural exports shipped from here have increased 42.7 percent in volume since 2013, the Port of Oakland said today. Port officials said that the vigorous growth reflects continued strong overseas demand for U.S. farm goods. They added that…
APL announced that APL Chu Lai, a 1,200-TEU vessel, has made her maiden direct call at the Chu Lai Tam Hiep Port on 24 March. This officially commences APL’s new weekly Chu Lai Haiphong Express (CHX) service that is delivering its first inbound…