Reefer trades have something of a reputation for volatility both in terms of volumes and freight rates, yet Drewry’s Global Reefer Freight Rate Index has recorded only increases over the last 12 months, even during off-peak seasons. “The recent wave of carrier consolidation…
The Port Authority of Strasbourg (PAS) in France and port operator HAROPA of the Port of Le Havre have inked an agreement regarding four areas of cooperation – in rail, river and sea, innovation, and promotional capabilities, PAS said. 'In the presence of Catherine Trautmann…
The Port of Hamilton said it continues to expand its role as a transportation hub for Ontario’s agri-food sector. In 2017, the port handled its highest-ever total of agricultural products. Close to 2.3 million metric tons (MT) of commodities such as Ontario-grown corn…
Connecticut’s largest and most diverse deepwater port complex, the Port of New Haven, moved more than 10 million tons in 2016, ranking the port 53rd in the U.S. in terms of cargo volume. Considered the busiest port between New York and Boston…
The U.S. Coast Guard Captain of the Port of Sector Lake Michigan will close the waters of southern Green Bay Saturday at noon, local, to all navigational traffic for the season.Southern Green Bay is defined as a line extended south from Peshtigo Point to Sherwood Point in the bay of Green Bay.
Inland Waterways Authority of India (IWAI) will construct Intermodal Terminal at Uttar Pradesh's Ghazipur and will be linked to both National Waterways-I (NW-1) or river Ganga and National Highway-19 - connecting Ghazipur to Patna - and help in movement of cargo…
A cargo of U.S. soybeans shipped to China has become the first fully-fledged agricultural trade conducted using blockchain, participants said on Monday. Louis Dreyfus Co, Shandong Bohi Industry Co, ING, Societe Generale and ABN Amro took part in the trade where the sales contract…
The CMA CGM Group has hired Rajesh Krishnamurthy as group senior vice president IT & transformation, as the French container carrier seeks to further accelerate its digital push. Digitalization is considered an integral piece of CMA CGM’s growth plan…
The new class of post-Panamax (PPX) shipping vessels made an inaugural visit to Florida's Port Canaveral recently.The PPX Ro/Ro vessel MOL’s Brooklands, is the first of its kind to call on Port Canaveral. With a 125-foot beam and capacity to transport over 7…
Container carrier APL has rolled out a new China Southeast Asia (CSE) Service. The direct service will link North and Central China to the Southeast Asian markets of Vietnam, Thailand and the Philippines. Commencing its first sailing from Qingdao on February 12…
Ecoslops announces that it has made further progress in its project to expand in Egypt by signing a Memorandum of Understanding (MoU) with the Suez Canal Economic Zone for the development of a detailed feasibility study. The potential for…
Danish container shipping giant Maersk Line has followed in the footsteps of its counterparts CMA CGM and Hapag-Lloyd and joined the New York Shipping Exchange (NYSHEX) as its founding member. Along with Hapag Lloyd, CMA CGM, MOL, OOCL…
Denmark shipping company that owns and operates product tankers and bulk carriers TORM exercised two options for the construction of two LR1 newbuildings for a total commitment of USD 74m and with expected delivery in 2019 through the first quarter of 2020…
European shipowners welcome the Plastic Strategy adopted by the European Commission last week. The first-ever Europe-wide strategy on plastics, adopted today, is a part of the transition towards a more circular economy. The coherent and…
The Government’s Plan for Growth in the Danish Maritime Sector positions the country to become a global maritime hub by 2025. The plan counts initiatives aimed at making Denmark a global frontrunner within tests of maritime autonomous technologies and maritime digitalisation…