Hyundai Merchant Marine Co. (HMM) expects its profitability to improve slightly in the first quarter of next year on the back of an improvement in freight rates and its cost-cutting measures, reports Yonhap, quoting its chief executive Yoo Chang-keun…
To improve its services and provide better solutions to market needs, ZIM is announcing a restructuring of its main services on major trades. The new, enhanced structure provides first-class services in the select trades the company is pursuing…
GulfNav has marked another milestone by entering into strategic alliances with MENA ENERGY. The strategic alliances for mutual co-operation in ship acquisition, chartering and commercial management aims to set out a platform for the parties…
Less than six months after the inauguration of the Expanded Panama Canal, the waterway welcomed its 500th transit of a Neopanamax ship on Wednesday, highlighting the trust that Canal customers have placed in the route. Performing the 500th transit was the container vessel YM Unity…
The infrastructure works for Berth 5 and Berth 6 are about to be finished in a few weeks, King Abdullah Port announced. The two berths are part of the port’s strategic expansion plan, which aims to significantly uprate the port’s capacity…
Express Global Logistics was honoured yesterday with the Dun & Bradstreet and RBL Bank Ltd SME Business Excellence Awards 2016 in the Transport & Logistics sector. Dun & Bradstreet, the world’s leading provider of global business information…
All Major Ports have been directed to implement the Radio Frequency Identification (RFID) system to track the movement of men, materials and vehicles within the port premises on real time basis. Implementation of RFID system will eliminate…
OPDR Iberia’s Leixões branch is going to expand its team and move into the office of its partner MacAndrews in Leixões in the northwest of Porto. The two CMA CGM subsidiaries will continue to act independently of each other, however, profit from the synergies of the close proximity…
The Danish Environment Minister, Esben Lunde Larsen, had to answer to the Parliament yesterday following questions put to the Government by all the opposition parties. The long list of questions had been drafted two months earlier, prompted…
Danaos Corporation reports its results for the third quarter of 2016 in the aftermath of the bankruptcy of Hanjin Shipping, one of Danaos' large customers. Danaos' CEO Dr. John Coustas says: 'As a result of the bankruptcy, we did not recognize…
A strong finish to the St. Lawrence Seaway’s 2016 shipping season is expected as freighters deliver raw materials and exports for North America’s industrial and agricultural sectors before the waterway closes December 31. 'The St. Lawrence…
“November was a good month for the export of agricultural products and shipments of aluminum ingots on the Great Lakes Seaway System,” said Betty Sutton, Administrator of the U.S. Saint Lawrence Seaway Development Corporation. “Under the binational trade development program known as ‘Highway H2O’…
The Union Cabinet of India, chaired by the Prime Minister, Narendra Modi has approved the Major Port Authorities Bill, 2016, a move aimed at bringing greater efficiency and professionalism in governance of ports through full autonomy in decision…
Ocean freight rates for cargo moving under contracts on the major East-West trade routes saw a reversal of trend in 4Q 2016, according to Drewry’s Benchmarking Club, a closed user group of 50 multinational retailers and manufacturers who closely monitor their contract freight rates…
According to the Port of Los Angeles, containerized cargo flowing through the port surpassed all-time volumes for a Western Hemisphere port for the second consecutive month. Port of Los Angeles terminals processed 877,564 Twenty-Foot Equivalent Units (TEUs)…