Yusen Terminals LLC has announced that its Board of Directors has appointed Alan McCorkle as Chief Executive Officer effective August 1, 2019. He will assume the day-to-day leadership of the Company and will become a member of Yusen Terminal’s Board of Directors…
U.S. President Donald Trump said on Thursday he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1, as talks aimed to ease tensions between the world's two largest economies continue.'Trade talks are continuing…
ZIM has announced a new service between Mexico, Caribbean and Central America, commencing on the second half of August, with the following rotation:Veracruz-Altamira-P. Cortes-Santo Tomas-Kingston-Rio Haina-San Juan-Kingston-Veracruz ZIM will operate 3 vessels in a weekly…
The outlook for global container port demand is modest growth and numerous uncertainties, but in the face of this, capacity expansion plans are also muted. This means that most world regions will see an increase in average terminal utilization…
U.S. and Chinese negotiators wrapped up a brief round of trade talks on Wednesday that Beijing described as 'constructive', including discussion of further purchases of American farm goods and an agreement to reconvene in September.The first…
Port operator DP World intends to increase its capacity in Turkey's western Yarimca port by 30% with $50 million investment by Q2 2020, its Turkish unit's chief executive Kris Adams said.Speaking to reporters in Istanbul, Adams also said that…
Shippers Transport Express has deal to keep moving boxes away from docks. A program that accelerates Port of Oakland cargo flow has a new lease on life…literally. Port Commissioners last week approved a firm’s 13-year lease to continue moving loaded import containers off Oakland docks…
Saudi Ports Authority has issued a license to the local subsidiary of Maersk to operate in all ports in Saudi Arabia, state news agency SPA reported on Monday.Maersk currently has weekly containerised shipping services to the ports of Jeddah…
Governor Ralph Northam announced the completion of the Port of Virginia’s $320 million expansion at the Virginia International Gateway container terminal. The Governor was joined by U.S. Maritime Administrator Rear Admiral Mark Buzby, Virginia Secretary of Transportation Shannon Valentine…
The Port of Oakland has reported that containerized export volume increased 4.2 percent in June 2019 compared to June 2018 totals. The Port said it handled the equivalent of 74,901 20-foot loaded export containers last month—compared to 71,894 in June 2018…
Every few years I am handed a high-speed container transport proposal. Generally it consists of some type of high speed vessel design that would be able to move containers at high speed and thereby attract a new market by taking a chunk out of the air cargo market and the premium ocean market…
Newbuilding UpdateThe highlight for newbuild orders in the last 12 months must certainly be HMM’s mammoth order back in September 2018. The South Korean company placed en bloc orders at three top South Korean yards for almost $3 billion in total…
As YILPORT Rolls Out the Navis’ Compass Visual Workflow Management Application, the collaborative tool promises improved planning and greater visibility across five terminals. And, that’s just the beginning.In May, Navis announced that YILPORT Holding Inc…
A.P. Moller-Maersk have joined other major container shipping companies in increasing prices for sending containers into the Persian Gulf in response to the heightened risk of military conflict in the area.Attacks on two oil tankers in the Gulf…
Today’s container market is confronting more than its fair share of headwinds.The recently published Container Forecaster from global shipping consultancy, Drewry, highlights concerns of a slowing global economy stoked by the ongoing US-China trade war (albeit paused for the moment)…