DNV GL, the risk management and quality assurance company, has bought a stake in leading public blockchain service provider VeChain as it looks to use the technology to develop new digital assurance solutions. The acquisition builds on…
Mitsui O.S.K. Lines has announced that its joint venture company Haiphong International Container Terminal held an opening ceremony for the new Haiphong International Container Terminal (HICT) at Lach Huyen Port, Vietnam on May 13. HICT…
Hapag-Lloyd has completed the first quarter 2018 with earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 219.4 million, which is an increase compared to the first quarter of the previous year (EUR 135.3 million)…
Crowley Logistics has announced that Customized Brokers, its customs brokerage subsidiary, has begun servicing private-label women and children’s apparel manufacturer Land N’ Sea with expanded supply chain services. Through the new agreement…
April 2018 was the Port of Oakland’s best month ever for imports in its 90-year history. The 75,369 TEUs loaded imports volume bested the previous record of 75,243 set in April 2006.The port’s total cargo volume is up 2.9 percent over the same period a year ago…
The 2.5 million twenty-foot equivalent units moved by the Port of Long Beach in the first four months of 2018 is more than 17 percent above last year’s record pace.In April, Long Beach dockworkers handled 618,438 twenty-foot equivalent units (TEUs)…
Israeli dockworkers on Sunday ended a three-day strike that had shut down the country's two main seaports after a court ordered them back to work.Officials at the Mediterranean ports of Ashdod and Haifa said operations had resumed and that cargo ships were once again being unloaded…
Canadian Prime Minister Justin Trudeau is optimistic that a new NAFTA trade deal with the United States can be reached and that a solution on U.S. tariffs for steel and aluminum imports can be found, he told German newspaper Handelsblatt.'We…
ZIM Integrated Shipping Services Ltd. announced that Xavier Destriau will take over as the company’s new CFO, effective June 15, 2018. He will replace Acting CFO, Yohai Benita, who has completed his position at ZIM.Destriau has worked at CMA…
German container shipping line Hapag-Lloyd reported a higher net profit and operating result in the first quarter of 2018 on Monday, citing better transport volumes, but said earnings improvements would mostly be made in the second half.'We have had a solid start into the current year…
The first Silk Road train exclusively destined for Antwerp has arrived. The freight train, which had left the Chinese port of Tangshan on 26 April, was officially welcomed today in the port of Antwerp. This direct railway link between China…
ADNOC Logistics and Services, the shipping and services arm of the Abu Dhabi National Oil Company (ADNOC), has signed a contract with Borouge, a leading provider of value creating plastics solutions, to handle its Ruwais container terminal operations…
Kongsberg Norcontrol has signed a framework agreement with the Norwegian Coastal Administration for delivery, operations and maintenance of radars to the maritime traffic service.The agreement has a potential total value of up to NOK 250 million ($31 million) and a duration of up to eleven years…
The world's top two container shipping groups Maersk Line and MSC are reviewing their Iran operations after the United States withdrawal from the international nuclear agreement with Tehran.The 2015 agreement, worked out by the United States…
The Port of Los Angeles reports it processed 705,536 twenty-foot equivalent units (TEUs) in April, a dip of 1.3 percent compared to last April’s record of 714,755 TEUs.April 2018 imports dropped 2.9 percent to 361,108 TEUs compared to the previous year…