Downsizing of capacity on the Asia-ECSA trade has paid dividends to carriers with much improved freight rates; why isn’t the scalpel also being used on other routes? In container shipping it is said that freight rates fall much further and quickly than they rise in the opposite direction…
The Mawingu Express, Maersk Line's direct service from India to Kenya, offers the fastest transit times in the market and better port coverage to bring clients closer to East Africa, claims the company. 'Through our global connections coupled with superior customer care and market expertise…
China’s Unipec remained the top spot charterer of dirty tankers and VLCCs in the first half of 2016, according to Poten & Partners. In stock of the spot market activity in the dirty tanker market nothing (much) has changed between 2015 and 2016…
Russia’s Novatek Gas & Power has supplied its first ever cargo of liquefied natural gas, marking the company’s first step into global LNG trading business. The cargo was sourced from Trinidad & Tobago’s LNG plant in Point Fortin and delivered to the Quintero import terminal in Chile…
A survey by leading accountant Moore Stephens has revealed that over three-quarters of owner-managed businesses (OMBs) in the UK operating in the shipping and transport sector are confident about their prospects for 2016. The survey revealed that…
It was another lacklustre month for the shipping industry as freight rates in almost all sectors softened further. Drewry’s Earnings Index declined by 0.5% during the month to 52.4. The new locks of the Panama Canal finally became operational in June…
One week after the implementation of the new SOLAS regulation ‘Verified Gross Mass’ (VGM), MSC Mediterranean Shipping Company confirms an outstanding early experience of compliance rates by shippers. MSC France, which covers seven ports in the French Metropolitan area…
Kiel’s new forest products handling and distribution centre has gone into operation in the Ostuferhafen. This means that the port has now become an integral part of the logistics chain operated by the Swedish concerns Svenska Cellulosa Aktiebolaget (SCA) and Iggesund Paperboard…
In a continued effort to provide increased reliability and quality services in a challenging environment, CMA CGM will reorganize its services connecting India Middle East Gulf to East Africa strategic markets. Starting mid July 2016, NOURA…
The U.S. Department of Transportation Maritime Administration appointed Port of New Orleans President and CEO Gary LaGrange to its Maritime Transportation System National Advisory Committee. The committee, which acts as a liaison for maritime stakeholders…
Agriculture Transportation Coalition presents first-time award to port leader The Agriculture Transportation Coalition (AgTC) recently named Jim Newsome, South Carolina Ports Authority (SCPA) president and CEO, the first Person of the Year award recipient in the Coalition's 28-year history…
Shipping is the least optimistic industry within the transport sector, by a significant margin, according to the seventh The way ahead Transport survey from global law firm Norton Rose Fulbright. Only 15% believe that current market conditions are positive…
The transport sector is looking to Asia Pacific as the key market for investment over the next five years, according to the seventh The way ahead Transport survey from global law firm Norton Rose Fulbright. China and India are the most popular jurisdictions for investment…
The Port of Ningbo has integrated CargoSmart’s software for shippers and forwarders to meet new container weight requirements with its electronic platform for exchanging data between logistics providers, as well as between logistics providers and government agencies…
In view of the beginning new 'grain' season in Russia and the expected considerable export volume of grain cargoes this year there will be an increase of the vessel traffic in such areas as Port Kavkaz (STS operations of sea/ocean going vessels)…