A total of 121 incidents of piracy and armed robbery against ships were reported in the first nine months of 2017, according to the International Chamber of Commerce's (ICC) International Maritime Bureau's (IMB) latest quarterly report on maritime piracy…
Recovering demand for multipurpose shipping combined with improved market conditions for competing sectors will result in rising market share for the multipurpose shipping fleet and a recovery in freight rates in 2018, according to the latest…
U.S. Trade Representative Robert Lighthizer said on Tuesday he is not focused on terminating the North American Free Trade Agreement and is only trying to negotiate an update that 'rebalances' the pact to reduce U.S. trade deficits. 'We…
Technology developments in Big Trucks, such as a zero emissions, high-capacity electric powered truck, the addition of Hyster Tracker to all Big Truck products as standard feature, and solutions that save time and money are some of the topics…
he need for increased operating efficiencies for container terminals collides with the demands of a Tier 4 regulatory climate. Fortunately, you can achieve the former goal while satisfying your thirst for latter. Ports and container terminal operators everywhere are faced with many challenges…
In late June of 2017, AP Moeller-Maersk shut down its container operations at the Port of Los Angeles. It wasn’t due to labor relations problems, equipment malfunction or other reasons that have been known to thwart port operations. It was a cyber-attack…
As marine shipping continues to support the growth of the Canadian and U.S. economies, St. Lawrence Seaway cargo shipments to-date for 2917 are 14 percent ahead of 2016 volumes. Total cargo tonnage from March 20 to September 30 reached 24…
Avantida said Hapag-Lloyd has become the first ocean carrier in the U.K. to offer its reUse container management services through the Avantida platform. The application allows the re-use of import containers for export shipments of the same shipping company…
India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up 'test' purchases of U.S. grades to diversify their imports. U.S. exports recently set a weekly record with nearly 2 million barrels of crude a day sent overseas…
U.S. import prices for September recorded their biggest increase in more than a year amid rising petroleum and food costs, but underlying imported inflation remained modest.The Labor Department said on Tuesday that import prices jumped 0…
Switzerland-based MET International AG plans to boost its liquefied natural gas (LNG) trades in Europe by 50 to 100 percent next year, the company's chief executive said on Tuesday.Gyorgy Vargha said that while the company had traded one cargo…
China has agreed take a 70 percent stake in a strategically important sea port in Myanmar, at the lower end of a proposed range amid local concerns about Beijing's growing economic clout in the country, a senior government official said.Oo Maung…
An agreement has been signed between American President Lines LLC, Taiwan Branch and Taiwan International Ports Corporation Ltd, to renew APL’s terminal lease at the Port of Kaohsiung, Taiwan. The signed deal retains APL’s current terminal plot…
Following the close of its 2017 fiscal year (FY17), the Panama Canal announced that the waterway welcomed a record 403.8 million Panama Canal tons (PC/UMS) of cargo in FY17, the largest amount of annual tonnage ever transited in its 103-year history…
Air traffic control technology is to be applied to a commercial port group in the UK for the first time. Peel Ports Group, the UK’s second biggest port operator, is investing £2.7m ($3.5m) across its network of seven Statutory Harbor Authorities to streamline marine operations…