Dubai-based terminal operator DP World has reported record container volumes of 70.1 million TEU (twenty-foot equivalent units) for 2017, a jump of 10.1 percent year-on-year. In the fourth quarter, the global portfolio grew 10.3% year-on-year on a reported basis and 9…
South Korea's Hyundai Merchant Marine (HMM) announced it is beginning its cooperation with Singapore based carrier, AAL Shipping, for Multi-Purpose Vessel (MPV) service.Specialist multipurpose carriers and long-standing collaborators, AAL and Hyundai Merchant Marine (HMM)…
The CMA CGM Group announced it is reinforcing its service from Europe to West Africa through a new call at Kribi (Cameroon) and shortened transit times from North Europe on its EURAF 5 service. The new service started in January 2018. As a result…
German-based Hapag-Lloyd opened a new office in the Ghana port city Tema, on February 1, 2018. Effective immediately, the company will be represented at the local level by its own customer service staff. “Africa is strongly developing just now…
India's biggest container port Jawaharlal Nehru Port Trust (JNPT) handled 0.418 million TEUs in January this year, which was highest ever container traffic handled during a month the port and increase of 13 percent over the same month last year…
Joseph Smith has joined SpotSee as supply chain director, responsible for directing and coordinating supply chain processes, procurement, production capacity and resource planning operations. Smith brings to the role more than 20 years of experience…
As Brazil's soy farmers begin harvesting, problems on a road connecting the country's agricultural heartland to northern ports provide new evidence the world's largest exporter of the oilseeds is far from solving its logistical bottlenecks. Over the last few days…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the first time in seven sessions on Tuesday, following a rebound in capesize rates. The overall index, which factors in rates for capesize…
Hong Kong's Hutchison Port Holdings Trust (HPH Trust) saw its fourth-quarter earnings fall 38.4 per cent on weaker revenue and losses from associated companies. The company announced an attributable net profit of HK$237.8 million for the three months to Dec 31 last year - down from HK$385…
Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with BG Shipping Co., Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Selina. The gross charter rate is US$12…
Cargo security goes high tech in its quest to account for cargo damage. Two different firms bring the same goals to the supply chain. The need for vessel and cargo tracking has always been necessary. But, the methods and equipment to accomplish those tasks haven’t always been available…
Cryogenic hose technology is driving a rethink of LNG transfer in bunkering – and beyond. Many backers of liquefied natural gas (LNG) as a marine fuel, as well as wider industry stakeholders, have for a while now suggested that it will soon enjoy exponential growth as a future bunker fuel…
The Baltic Exchange's main sea freight index slipped to its lowest level in nearly six months on Monday, weighed down by falling rates in all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels…
Germany's Peter Döhle and Greece's Costamare are merging operations of their container ships in a new joint venture (JV) named dubbed Blue Net Chartering headquartered in Hamburg. Blue Net Chartering will serve the container fleets operated by both as well as third-party vessels…
In order to streamline our empty container flows and increase efficiency, NileDutch has started working with Transmetrics of Bulgaria, a tech startup that provides predictive logistics solutions. Transmetrics already has extensive experience…