Last month was the second busiest in the Port's history. The Port of Los Angeles handled 808,728 Twenty-Foot Equivalent Units (TEUs) in January 2018, the second-busiest January in the port’s history behind last January’s record of 826,640 TEUs…
JAXPORT partner North Florida Warehouse FTZ, a division of JZ Expedited Companies, has celebrated the grand opening of Foreign Trade Zone No. 64’s first outdoor storage facility. The 3.7-acre facility is located minutes from JAXPORT’s North…
U.S. ports are positioned for another solid year of growth, though the Trump administration's evolving stance on both domestic and international trade is a long-term development worth a close watch, according to Fitch Ratings in its latest sector briefing…
Diana Containerships announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2006-built vessel “New Jersey” for demolition, on an “as is where is” basis, with delivery due to the buyer by mid-March 2018…
The container shipping industry is expected to continue to struggle with overcapacity and an inability to deliver value to shareholders, warns consultancy McKinsey & Company in its latest report. As container lines search for successful paths forward…
The tanker market remained subdued, while the dry bulk and container markets strengthened during 2017, said Norwegian shipping company Torvald Klaveness. Torvald Klaveness managed to improve its financial results in 2017, but they “were still not at a satisfactory level”…
Evergreen Marine Corp. (EMC) said it has entered into an agreement with South Korean shipbuilder Samsung Heavy Industries (SHI) to order eight 11,000 TEU containerships. Four ships will be owned by EMC’s subsidiary, Greencompass Marine S…
Major ports in India have recorded a cargo traffic growth of 4.58 percent and together handled 560.97 million tonnes (MT) of merchandise during the period April 2017 to January 2018, as against 536.41 MT handled during the corresponding period of previous year…
Pacific International Lines (PIL), Singapore’s leading containership operator, announces two upgraded weekly services on the Far East – Red Sea service route. Done in collaboration with Ocean Alliance, the routes named RSS and RES will commence operations in March 2018…
CMA CGM has launched the most advanced solution for the transportation of liquids by controlled temperature: REEFLEX - an ideal alternative to break bulk for the transportation of liquids which optimally preserves the product’s properties. Developed in partnership with Teconja…
A Chinese shipping company executive was murdered in Karachi, Pakistani on Monday in what police say appears to be targeted attack.The man, identified as Chen Zhu, the Pakistan general manager of Cosco Shipping Lines Co, shot dead while in his car in the port city of Karachi…
Georgia Ports Authority Executive Director Griff Lynch outlined a plan that will double container handling capacity to 10 million TEUs at Garden City Terminal within 10 years. The GPA Executive Director reviewed the strategic plan for Georgia's…
Dubai-based terminal operator DP World has reported record container volumes of 70.1 million TEU (twenty-foot equivalent units) for 2017, a jump of 10.1 percent year-on-year. In the fourth quarter, the global portfolio grew 10.3% year-on-year on a reported basis and 9…
The CMA CGM Group announced it is reinforcing its service from Europe to West Africa through a new call at Kribi (Cameroon) and shortened transit times from North Europe on its EURAF 5 service. The new service started in January 2018. As a result…
German-based Hapag-Lloyd opened a new office in the Ghana port city Tema, on February 1, 2018. Effective immediately, the company will be represented at the local level by its own customer service staff. “Africa is strongly developing just now…