With historically high freight rates, fleet utilization and demand, there is no end in sight for the red-hot containership market.Container shipping giant Hapag-Lloyd CEO Rolf Habben Jansen candidly said “nobody saw this coming” as “we’ve seen a spending shift from services to goods”…
The Port of Los Angeles and cargo shipping lines are diverting some ships to other West Coast ports as a six-month import surge strains capacity at the busiest gateway for ocean trade in the United States.Container lines such as Hapag Lloyd…
A surge in demand for goods like furniture and exercise equipment from locked-down consumers has sparked a jump in shipping rates, boosting profits for Danish freight giant Maersk, the company said on Wednesday.Yet shares in the world’s largest…
From his office overlooking Cherbourg docks, general manager Yannick Millet points to trailers destined for Ireland that belong to Amazon and FedEx, new customers and a signal of a potential big shift in post-Brexit trade.Confronted by red tape…
Anyone ever involved in a hectic modernization project can undoubtedly relate to the chaotic nature it can have. The quotation for a new project is rapid, and the project often starts with already delayed critical material order dates. Everybody…
The turbulence of the past year has in many ways clouded the underlying fundamentals in the dry bulk shipping market, but with 2020 now behind us, we are in a better position to establish an overview of expectations for 2021. Overall, total…
Retrofits of new features into existing ports cranes can produce operational efficiency and safety gains not included on cranes delivered 15-20 years ago, including Ship-to-Shore (STS) Rubber Tyred Gantry (RTG) and Rail Mounted Gantry (RMG) types…
The SpacePort project, funded by the Geospatial Commission and Innovate UK, will explore how novel geospatial systems can streamline port operations, improving efficiency and tackling societal disbenefits.SpacePort brings together marine sector specialist Marine South East…
Abu Dhabi Ports today announced a freeze on rent escalation during 2021 for all businesses in its Industrial Cities and Free Zone cluster, in a move aimed at providing further relief to its customers in KIZAD and ZonesCorp and boosting the Abu Dhabi economy in these challenging times…
Port Everglades received approval from the U.S. Maritime Administration (MARAD) for “Marine Highway” designation for a new route connecting Port Everglades with Port Houston, Puerto Rico and the U.S. Virgin Islands (USVI). National Shipping…
The union representing Argentine port-side grain inspectors said on Thursday it had ended a month-long wage strike after reaching a contract deal with export companies that will allow international soy, corn and wheat shipments to return to normal…
Despite the alarming headlines in the spring of last year, container shipping proved remarkably resilient in 2020 in terms of volumes as well as freight rates. After a 5.0 million TEU (7.3%) drop in volumes in the first five months of the year…
High shipping rates are set to continue for at least several weeks, despite new coronavirus lockdowns in Europe, boosted by demand for furniture, exercise equipment and home improvement goods, shipping group Maersk said on Wednesday.A surge…
The GAC Group said Monday it has opened a new office just north of Hamburg to provide support for some of the 14,000+ vessels that call at German ports every year.Headed by Thies Holm, GAC Germany will offer ship agency, husbandry, bunker fuels…
A set of three towering new cranes are coming to the Port of Oakland to handle the ever larger ships calling the seaport, an investment by Stevedoring Services of America (SSA) for its marine terminal at Oakland (Oakland International Container Terminal - OICT)…