Icelandic shipping company Eimskip announced Tuesday it will reduce staff in continuation of streamlining measures initiated 15 months ago and due to uncertainty both in the Icelandic and global economy because of the COVID-19 pandemic.'These…
The U.S. Federal Maritime Commission has issued new guidance about how it will assess the reasonableness of detention and demurrage regulations and practices of ocean carriers and marine terminal operators (MTOs) under 46 U.S.C. 41102(c).The final rule…
Singapore's PSA International and Indian container freight operators have warned the Indian government that its order to waive container storage charges during the coronavirus lockdown could lead to port congestion, letters seen by Reuters showed…
South Korean ocean carrier HMM held a naming ceremony for the newly constructed 24,000 TEU-class containership HMM Algeciras, the world’s largest containership, at the Daewoo Shipbuilding & Marine Engineering’s (DMSE) Okpo shipyard in Geoje…
A total of 302 of 2,693 containership sailings, or 11%, have been canceled in May on all the main line trades, according to the latest data from maritime intelligence company eeSea, revealing the extent of the impact of COVID-19 on global shipping…
Crowley Logistics has added 222 new refrigerated (reefer) cargo containers to its industry-leading equipment fleet to ensure equipment availability at origin for perishables moving through the cold chain. These units are in addition to 300 new reefers received in January of this year…
Taiwan-based shipping company Evergreen Line recently added 2,000 Carrier Transicold PrimeLINE units to its refrigerated container fleet.“Carrier Transicold’s 18-year relationship with Evergreen Line continues to grow, as evident in our units…
India's merchandise exports shrank by more than one-third from a year ago, dragged down by a fall in global demand and shipments due to the outbreak of coronavirus, the Trade Ministry said in a statement said on Wednesday.Merchandise exports fell to $21…
The Alabama Port Authority completed its 400-foot container dock extension at the APM Terminals Mobile facility on March 20, and three days later, the terminal for the first time simultaneously handled two containerships at the newly expanded berth…
Egypt's Suez Canal Zone and its Suez Canal Container Terminal (SCCT) announced an agreement on Tuesday committing to $50 million of investments that they said would help boost competitiveness at Port Said East port.SCCT opened in 2004 and is operated by majority shareholder APM Terminals…
The pandemic has brought about sudden changes for cargo transportation, impacting shippers and transport companies around the world and potentially increasing the risk environment, particularly for high-value and temperature-sensitive goods…
As the COVID-19 pandemic affects all sectors of the world economy, the CMA CGM Group is taking action by launching the Business Continuity Pack, a range of solutions to adapt and protect the supply chains of its customers.Business Continuity…
Work is underway to retrieve dozens of containers lost from a containership off the coast of Australia, with the first boxes raised to the surface this week. The first container was recovered from the seafloor on Monday using a hydraulic crane and rigging…
March imports dropped 26% at the Port of Los Angeles and 5% at the adjacent Port of Long Beach - the busiest U.S. sea trade gateways - as the novel coronavirus wrecked havoc on commerce around the globe.Imports at major U.S. retail container…
The coronavirus outbreak has affected all aspects of the shipping industry, lowering, if not wiping out, demand growth prospects for the year across all segments. The outbreak has also affected fleet development, says shipping association BIMCO…