International transport and logistics executives are increasingly benchmarking their companies’ costs and supplier terms in ocean transport contracts, according to data gathered by Drewry Supply Chain Advisors. In the past 6 months, the…
The contract freight rate benchmarking company Xeneta warned about further uncertainty for the global container shipping market in 2017. Although rates have risen significantly from the historic lows of early 2016, giving battered ship owners some reprieve…
Maersk Line saw a 21 percent jump in cargo volumes in Mexico between January and October 2016 compared with the year-earlier period, says a report by T21. Mexico is expected to be one of the main beneficiaries of the newly expanded Panama…
Slowed by industry headwinds and challenges that included major customer Hanjin declaring bankruptcy, the Port of Long Beach said it moved almost 6.8 million containers in 2016, its fifth best year ever. Overall cargo declined 5.8 percent in 2016 compared to 2015…
The Institute of International Container Lessors (IICL) announced that Keith Lovetro, President and Chief Executive Officer of TRAC Intermodal, has been elected to the position of Chairman of the IICL for 2017, succeeding Simon Vernon, President of Triton Intermodal Limited…
Port of Portland Executive Director Bill Wyatt formally announced to the Port Commissioners that he will retire from the Port on June 30, 2017. He has led the Oregon port since 2001. Wyatt’s 16-year tenure with the U.S. West Coast port has included major milestones in the organization’s history…
At the beginning of the New Year, British Ports Association (BPA) Chief Executive Richard Ballantyne has outlined the association’s key priorities for 2017, including ensuring U.K. port interests feature in the Brexit negotiations and encouraging…
The Port of Boston’s Paul W. Conley Container Terminal set a new calendar year record in 2016; with total volume up 5 percent over 2015. In 2016, 248,391 twenty-foot equivalent units (TEUs) were moved in and out of the terminal, connecting vital goods and services between New England and the world…
Xeneta, a global benchmarking and market intelligence platform for containerized ocean freight, is forecasting further uncertainty for the global container shipping market in 2017. Although rates have risen significantly from the historic lows of early 2016…
Veson Nautical, a provider of commercial maritime software and services, has announced that d’Amico Societa di Navigazione S. p. A. and TATA NYK Shipping have selected Veson Nautical’s Integrated Maritime Operations System (IMOS) and Veslink for their commercial operations…
Having received a contract from NEM Energy BV for the transportation of two boiler blocks and two combustor units from Taiwan to Malaysia, Roll Group was called upon to put to work the combined capabilities of its in-house engineering department and experienced heavy transportation teams…
Holland America Line launched three new commuter “ships” Monday, Jan. 9, that will run on the Sound Transit Light Rail System in Seattle. The trains, which are wrapped to resemble Holland America Line’s newest ship, ms Koningsdam, will cruise the tracks through April 2017…
Tideworks Technology Inc., a full-service provider of comprehensive terminal management and planning software solutions, today announced that Crowley Maritime has gone live with Tideworks’ terminal operating system (TOS) under CitadelMC, the newly branded SaaS model by Tideworks…
India's Shipping Minister of State Mansukh Mandaviya inaugurated the state- of -the -art exhibition display of Sagarmala, Ministry of Shipping at Vibrant Gujarat Global Investors Summit, 2017, yesterday (Jan 11). Gujarat has been at the forefront of the maritime development in India…
Danish container shipping company Maersk Line has added Iranian Port of Bushehr to its services, expanding its presence in this Middle-Eastern country. The new port specializes in feeder transport facilities. From Jebel Ali in the United Arab Emirates…