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)…
The Port of Long Beach said shifting alliance routes and the Hanjin bankruptcy continued to affect its volumes in November, when container traffic was 13.8 percent lower than the same month last year. A total of 534,308 twenty-foot equivalent units (TEU) were moved through the harbor last month…
South Carolina Ports Authority (SCPA) reported its strongest November container volumes on record. SCPA handled 175,217 twenty-foot equivalent units (TEUs) in November, a year-over-year increase of 14 percent. Previously, SCPA's strongest November on record was 163…
The global shipping industry will hit a credit crunch if proposed new bank capital rules are implemented in a sector already weighed down by toxic debt, bankers involved say. The Basel Committee of banking supervisors from nearly 30 countries…
The Phase II North container terminal expansion project, launched in the first quarter of 2015, is now more than 75 percent complete and is on schedule to increase annual capacity at Prince Rupert’s Fairview Container Terminal to over 1.35 million TEUs by the third quarter of 2017…
The business portfolio internationalization and the development of river operations are two of ETE Group’s strategic focus, as referred last Friday on the 80th birthday ceremonies at Naval Rocha shipyard (in Lisbon) with the presence of the President of Portugal…
GAC has introduced a new centralized service to help ship owners navigate the paperwork required for the import of cargoes to European Union (EU) ports from outside the Union.Operators of vessels carrying such cargoes must declare cargo…
APM Terminals has entered into an agreement to divest Pentalver, the UK-based provider of container transport (trucking & haulage) and other container related services, to Genesee & Wyoming Inc. (G&W) – a United States-based, global operator…
CMA CGM has announced its participation in the new consortium 'NEW CIMEX 2E' linking Asia to Chennai (India East Coast) through a Vessel Sharing Agreement starting as from Mid-December 2016. This new service is to replace former CIMEX 2E…
CMA CGM upgrades its offer between the Eastern and Western Mediterranean Sea with the new MARMARA EXPRESS line. 'We are pleased to announce the new service offer MARMARA EXPRESS which directly links Turkey, Spain, France, Greece and Italy…
German shipping company Heino Winter announced that it uses the Cloud Fleet Manager developed by the Hamburg-based software company Hanseaticsoft since October this year. As studies of the PricewaterhouseCoopers (PwC) prove, the digitalization…
BMT Asset Performance, a subsidiary of BMT Group, has been launched following the recent decision to merge BMT Cadence which delivers safety and environmental risk management services and BMT Reliability Consultants which focusses on reliability and supportability engineering…
Ports America and Sydney Harbour Investment Partners (SHIP) have announced an agreement for the promotion, development and management of Novaporte, the marine container facility in the Port of Sydney, Nova Scotia. SHIP has exclusive development…