Shipping group A.P. Moller-Maersk warned of a sharp drop in global container volumes due to the coronavirus pandemic, with weaker retail sales and depressed car production dampening demand.The crisis has thrown the container shipping trade off…
The Port of Oakland reported 'better than expected' cargo volumes in April, but port officials say they are expecting volumes to decline in the months ahead as ships cancel visits due to reduced demand brought on by the coronavirus pandemic…
The Port of New York and New Jersey experienced a 4.1% decrease in March container volume compared to March 2019, the Port Authority of NY & NJ said. March cargo volumes were 560,830 TEUs, compared to 585,098 TEUs in March 2019.Throughout the month…
Ships transporting cargo from Argentina's Rosario grain hub through the Parana River are having to reduce their cargoes after a bank collapse obstructed the navigation channel, exporters told Reuters.Dredgers are working in the Parana to the…
Algeria will resume car imports, the government said on Sunday, after a ban failed to reduce the import bill, as the North African member of OPEC tries to rein in spending to cope with a decline in energy earnings.The plan to allow car dealers…
Cargo volume at the Port of Los Angeles is down 15.5% so far this year as the novel coronavirus upends economies around the globe, Gene Seroka, executive director of the busiest U.S. seaport, said on a webcast on Wednesday.April volume was down 6…
On April 28, 2020, the Federal Maritime Commission (FMC) released the long-awaited interpretive rules in Docket No. 19-05 relating to how ocean common carriers may lawfully apply demurrage and detention charges to exporters, importers and ocean transportation intermediaries…
China’s exports and imports are expected to record double-digit declines in April after a tentative recovery in March as the coronavirus pandemic batters global demand and disrupts manufacturing supply chains, a Reuters poll showed on Wednesday…
X-Press Feeders CFO Shmuel Yoskovitz will take over as CEO, the Singapore-based feeder containership operator announced.Yoskovitz replaces Tim Hartnoll who has served as CEO since 2017. Hartnoll will transtion back to his role as group chairman…
Marine Terminals Corporation – East (Ports America), Ceres Marine Terminals Inc. (Ceres), and SSA Atlantic LLC (SSA) have formed a joint venture, Charleston Stevedoring Company LLC (CSC), to provide container terminal and stevedoring services in the Port of Charleston in South Carolina…
The flagship is part of the JUMBO fleet, as the well-known heavy lift shipping company. Equipped with 2 cranes with a total capacity of 1.800 tons, the JUBILEE carries 2 giant reactors of 1400 tons each and three other smaller ones produced by ATB Group…
China is the Port of Hamburg’s most important trade partner. Hamburg serves as the gateway to Europe for Chinese goods. Along with handling ocean shipping, the port city is also an important railway hub for transports to and from China. The…
Icelandic shipping company Eimskip announced Tuesday it will reduce staff in continuation of streamlining measures initiated 15 months ago and due to uncertainty both in the Icelandic and global economy because of the COVID-19 pandemic.'These…
The U.S. Federal Maritime Commission has issued new guidance about how it will assess the reasonableness of detention and demurrage regulations and practices of ocean carriers and marine terminal operators (MTOs) under 46 U.S.C. 41102(c).The final rule…
The U.S. Federal Maritime Commission voted to temporarily allow parties to file service contracts up to 30 days after they take effect, as a measure to relieve COVID-19 impacts to the supply chain.The Commission published an order today making…