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…
India's biggest container port Jawaharlal Nehru Port Trust (JNPT) handled 0.418 million TEUs in January this year, which was highest ever container traffic handled during a month the port and increase of 13 percent over the same month last year…
Seaspan Corporation said it has purchased two 2006-built 2,500 TEU containerships and entered into fixed rate time charter agreements for the vessels with Maersk Line A/S. The time charters will be for a term of four years with options for…
Cargo security goes high tech in its quest to account for cargo damage. Two different firms bring the same goals to the supply chain. The need for vessel and cargo tracking has always been necessary. But, the methods and equipment to accomplish those tasks haven’t always been available…
The Baltic Exchange's main sea freight index slipped to its lowest level in nearly six months on Monday, weighed down by falling rates in all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels…
Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Hapag-Lloyd AG, Hamburg, for one of its Panamax container vessels, Sagitta. The Sagitta is a 3…
Wolfgang Freese, President Region North America, will be retiring after almost five decades with Hapag-Lloyd. Freese began his career in the shipping company in 1971 with an apprenticeship to become a shipping agent. In recent decades…
Beginning in April, Hamburg Süd is launching a new service network between Asia and South America West Coast, Mexico, Central America and the Caribbean.Concealed behind the service names ASPA and ASCA will then be a completely new product…
Egypt's United Arab Stevedoring Co. reported a H1 net loss after tax of EGP 13.7 million ($775,000) versus a loss of EGP 12.8 million ($724,000) a year ago.The company’s H1 revenue was EGP 7.6 million ($430,000) versus EGP 5.3 million ($300,000) a year ago.
German liner shipping company Hapag-Lloyd is sending seven older container ships to be recycled in Turkey and China. The respective shipyards are especially equipped and certified to recycle ships in an environmentally friendly manner…
APM Terminals Pipavav (Gujarat Pipavav Port Ltd), has announced its financial results for the third quarter ended December 31, 2017.The company reported a net profit of INR 500 million ($7.8 mln) for Q3FY18 as against INR 645 million ($10 mln) in Q3FY17…