After a record first three months the port of Antwerp has also had an excellent second quarter with May as the best month ever. During the first six months of the year the port handled 118,648,143 tonnes of freight, a sharp increase of 6…
Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products.Retailers such as Walmart Inc and Amazon…
Port of Oakland containerized import volume reached an all-time high last month, according to data released today. The port said it handled the equivalent of 87,207 20-foot import containers in June. That beat the previous monthly record of 84…
North P&I Club and 24Vision announced today that they have entered into a partnership agreement, with effect from 1 July 2018, to provide P&I insurance to charterers and small ship operators. As part of 24Vision’s wider service proposition to their marine industry clients…
The In-transit cold treatment program, that is! The dimensions of The Program are remarkable. The Reefer Shipping Market and Forecast 2017/18 produced by Drewry calculated that 79 percent of perishable cargo moved in refrigerated containers in 2016 and only 21 percent on reefer ships…
As the Port of Long Beach Starts Year-long Freight and electric vehicle (EV) testing, Kalmar’s newest workhorse – the Kalmar Ottawa Electric terminal tractor, T2E – will be doing some of the heavy lifting. As California presses on with state-wide transportation electrification (TE)…
An escalating trade war between the United States and some of its major trading partners would impair growth for U.S. airports, toll roads and ports over time if it slows the economy or triggers a recession, Fitch Ratings said on Wednesday.Major…
China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods.China's commerce ministry said…
The United States has decided to impose tariffs on $200 billion worth of imports from China after efforts to negotiate a solution to the trade dispute failed to reach an agreement, senior administration officials said on Tuesday.U.S. Trade Representative…
Container equipment rental rates and cash investment returns remain weak, despite last year’s recovery. But an earlier rise in container prices which lifted values to their highest level in five years will continue to put a dampener on returns…
Panama and China opened free trade talks on Monday with the aim of crafting an agreement that could turn the Central American country into a hub for Chinese goods across Latin America.Panama’s Minister for Trade and Industry Augusto Arosemena said the first round of talks would last until Friday…
Enthusiasm for newbuild orders across most shipping markets has started to wane after more than $10 billion dollars were committed in the first quarter of 2018, according to VesselsValue. The total committed to new deliveries is now the lowest since the start of 2016…
German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to slash full year earnings forecasts last month, its chief executive told shareholders on Tuesday.'Major cost positions have risen more than initially expected and are pressuring operating margins…
The chief executive of German container shipping liner Hapag-Lloyd said he was not aware of major merger activities in the sector a day after a Reuters report said his company had been approached by French rival CMA CGM.'We do not see major takeovers in the industry…
Sempra Energy announced that its Mexican subsidiary, Infraestructura Energética Nova (IEnova), has been awarded a 20-year contract by the Topolobampo Port Administration in Mexico to build and operate a receipt, storage and send-out liquid fuels marine terminal in the state of Sinaloa…