DP World announce Tuesday it has finished integrating its recent acquisitions Unifeeder and Feedertech, creating a feedering and shortsea network serving hundreds of ports across the globe.Unifeeder, which recently acquired Feedertech, operates…
At the start of the year, U.S.-China tensions were easing after their Phase I trade deal, while Washington, Brussels and Tokyo agreed on new global trading rules to curb subsidies. A relative calm had set in.Then the new coronavirus struck.Countries…
German container shipping line Hapag-Lloyd said it had notified customers it will stop accepting cargoes of solid waste, including scrap metal, bound for China that arrive from September 1 onward to comply with new legislation.China in April passed a law…
The world’s largest container tonnage provider has become the latest vessel owner to benefit from classification society DNV GL’s remote audit capabilities, as the impact of the global COVID-19 crisis continues to spur the increased use of remote survey services globally…
New HORIZON Monthly report shows freight rates remain high, blanked sailings have hit charter markets and coming quarters continue to hold riskContainership markets are exhibiting contradictory signals as the global economy continues its tentative emergence from lockdown…
The 18,465 containers moved from the ultra-large container vessel (ULVC) MSC Isabella at APM Terminals’ Pier 400 in the Port of Los Angeles last week set a new world record for most boxes moved during a single port call.The Port of Los Angeles…
Singapore-flagged containership APL England, detained in Australia after losing dozens of containers off the country's southeastern coast in May, has been released and is sailing to China for repairs, the Australian Maritime Safety Authority (AMSA) said Friday…
The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. goods and services as agreed under a Phase 1 trade deal despite delays caused by the coronavirus…
A.P. Moller-Maersk , the world's top container shipping firm, said on Wednesday that market demand was developing 'more favorable than originally expected' in the second quarter, sending its shares up 7%.The coronavirus crisis hit the container…
Transits through the Suez Canal, the beating heart of the Egyptian economy, have stayed remarkably resilient to the fallout of the COVID-19 pandemic if judging by total transits of the three commercial shipping sectors which are up 8% year-on-year…
Cash-strapped Cuba has canceled its annual international trade and investment fair slated for November due to the pandemic, state-run media reported on Friday, even as fallout from the novel coronavirus hammers revenues and imports.Container traffic at the port of Mariel…
The unloading of the final containership at the Frihamnen port in Stockholm marks the end of an era.The 1,349 TEU Dutch-flagged containership Essence unloaded the final cargo at Frihamnen on June 1, but the CTF container terminal will remain…
The only orders to be placed since the beginning of the year are from OOCL and Great Horse China for a combination of 7 ULCV’s ranging in size. This is a drop of 86% compared to this time last year and can only be due to the Covid-19 outbreak…
The coronavirus pandemic has shutdown much of the U.S. economy for months and even as parts of it reopen, the data is beginning to reveal the extent of the damage that has been done and a slow recovery is taking a tentative shape.The second…
The coronavirus pandemic and ongoing U.S.-China trade tensions threaten the peak holiday shipping season for the Port of Los Angeles, which just suffered its slowest May in more than a decade, Executive Director Gene Seroka said on Wednesday…