Danske Bank's largest shareholder, the Maersk family, has ousted the lender's chairman after a money laundering scandal that has also forced out its chief executive.A.P. Moller Holding, which controls about 21 percent of the share capital in the bank…
Philippine Ports Authority (PPA) informed that the cargo volume in the country has registered a modest hike in the first seven months of the year despite the sluggish performances from almost all aspects of local and foreign trade.Latest data…
Shipments of iron ore on the Great Lakes totaled 5.8 million tons in October, an increase of 5.7 percent compared to a year ago, the Lake Carriers' Association reported. Shipments also outpaced the month’s 5-year average by nearly 9 percent…
Container carriers ZIM and MSC announced that the joint Black Sea Service, to meet agricultural season demand, will continue during 2018-19. The service will commence in Ashdod on week 46, November 15, 2018, operating on the following rotation: Alexandria – Ashdod – Novorossiysk – Alexandria…
International cargo vessels are expected to arrive at the Bellingham Shipping Terminal on a regular basis as the result of a new service contract between the Port of Bellingham and Ports America.Ports America entered negotiations with the port…
Lineage Logistics and Dreisbach Enterprises announced the official opening of Lineage Cool Port Oakland, the world’s latest next-generation cold storage and logistics facility.Set on 25 acres at the Port of Oakland’s waterfront, Cool Port will…
Qatar Navigation (Milaha) Q.P.S.C. has announced its financial results for the nine months ended September 30, 2018. Key financial highlights:•Operating revenues of QAR 1.8 billion ($494 mln) for the nine months ended September 30, 2018, compared to QAR 1…
The largest Port in the South Island of New Zealand, Lyttelton Port, has welcomed its largest ever container ship.The Singapore–flagged Rio de Janeiro, which can carry nearly 6000 containers and is the length of about three rugby fields, arrived early Saturday…
Finland's main port Port of Helsinki Ltd is preparing for the implementation of the requirements of the EU’s Port Services Regulation by transferring ship services covered by the regulation to a subsidiary company.From 1 January 2019 onwards…
Global port operator DP World said its joint venture (JV) with National Investment and Infrastructure Fund (NIIF) has won the bid to build a Free Trade Warehousing Zone (FTWZ) at Jawaharlal Nehru Port Trust (JNPT) Mumbai for USD 78 million…
The world’s biggest container ship, OOCL United Kingdom, made her maiden call at Malaysia's Westports in Port Klang on her way to China.The OOCL United Kingdom, with a carrying capacity of 21,413 TEUs, is one of the carrier’s six ‘G Class’ vessels…
Kalmar, part of Cargotec, is to deliver two rubber-tyred gantry cranes (RTGs) to EUROGATE, Europe's leading shipping line-independent container terminal operator, for use in their Tanger S.A. terminal in Morocco.The order was booked in Cargotec's 2018 Q3 order intake…
Freight volumes passing through the Port of Gothenburg during the year to date are as follows. Container traffic is up 20% compared with the preceding year, and energy product flows remain consistently strong.A press release from the deep-water…
Kalmar, part of Cargotec, has signed a contract to supply a fully electric Kalmar Ottawa T2e electric terminal tractor to Long Beach Container Terminal (LBCT) for a six-month demonstration period. The order was booked in Cargotec's 2018 third…
Total throughput in the port of Rotterdam in the first three quarters of 2018 was 0.4% lower than in the same period the previous year.According to a release from the port, container volumes continued to grow at a markedly higher pace than the…