Progress on the transformation of A. P. Moller - Maersk continued in 2018. Customers benefited from integrated offerings, digital solutions and robust network improvements. Since 2016, the topline has grown by 43%, to $39bn in 2018, an additional $12bn in turnover…
Florida's largest port Port Tampa Bay welcome the announcement by the CMA CGM Group, that it will begin serving Port Tampa Bay in late May 2019 on its Pacific Express 3, or PEX3 service.With a presence in 160 countries and a fleet of 506 vessels…
Notwithstanding the tragic incidents of the Morandi Bridge collapse and October’s violent sea storm, cargo throughput remains stable at the Ports of Genoa, Italy.Now a key priority is the implementation of the emergency measures mobilised by Parliament to return to growth…
Global dry bulk fleet utilization (calculated as total demand in tonne miles transported divided by total available fleet capacity) dropped by 1.4% in the fourth quarter of 2018, reflecting the trend observed in the rate environment.According…
China’s container shipping company Cosco Shipping Lines signed a strategic Memorandum of Understanding (MoU) with Africa-based Bolloré Transport & Logistics to develop new opportunities in transport, logistics and port infrastructure.The two companies…
SSA Terminals, the operator of Oakland International Container Terminal, submitted last week a $30 million order for three 300-foot-tall gantry cranes, which are expected to be delivered in 18 months.The cranes will go to Oakland International…
Inland shipping is essential for the transportation of containers on the Amsterdam-Utrecht-Rotterdam route. 250,000 containers are transported annually via this routeTMA Logistics, CTU and VCL join forces to establish the North West Central Corridor…
North American transportation and logistics player TFI International has announced the acquisition of Toronto Tank Lines (TTIL).Acquisition strengthens TFI’s logistics and specialized tank capabilities throughout North America, said a press note…
Ukraine-based Informall Business Group in its latest Black Sea Container Market review reports a rise of 8.70% in loaded containers handling in the Black Sea container ports of Romania, Bulgaria, Ukraine, Russia and Georgia in 2018 as compared to 2017…
To address rapid increases in volumes APM Terminals Inland Services Ecuador introduced an accurate and reliable Truck Appointment System (TAS).This approach has already proved itself at other APM Terminals’ facilities, including neighbouring Peru…
The Suez Canal Authority (SCA) has extended discounts concerning dry bulk vessels operating between American and Asian ports after considering “new changes in the global shipping market and the world economy”.'SCA pays more attention to its users best interest…
The Panama Canal Board of Directors announced the appointment of Ricaurte Vasquez as the next Panama Canal Administrator.According to a press note from the artificial 82 km waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean…
The major maritime hub in Northern Ireland Belfast Harbour handled a record 24.6 million tonnes of cargo in 2018, up 3.8% on the previous year thanks to a major increase in the number of freight vehicles passing through the port, which rose to a high of 532…
Greek shipping company Tsakos Energy Navigation (TEN) announced the contract for the building of two suezmax crude tankers which upon delivery will enter into minimum five maximum 12-year contracts to a significant oil major.The time charter equivalent revenues from these two fixtures…
The International Maritime Bureau (IMB) announced that it has launched a new initiative aiming to mitigate bills of lading (B/L) fraud conducted by non-vessel owning common carriers (NVOCCs).The IMB NVOCC Register provides a business solution…