World growth and trade volumes under pressure, but still positive. A continued slowdown in global growth, as well as a lower trade multiplier will reduce overall demand for shipping for the rest of this year and through 2020.Expectations for global trade growth have also been lowered for 2020…
The GAC Group has opened an office in Gibraltar.Strategically located at the entrance to the Mediterranean Sea, the port of Gibraltar serves as the primary supply point for passing ships. According to the Gibraltar Port Authority, approximately 60…
Anglo-Eastern has announced the confirmation of Chief Executive Officer, Capt. Bjorn Hojgaard, as Chairman of the Hong Kong Shipowners Association (HKSOA). His appointment follows a two-year tenure as the association’s Deputy Chairman, and is…
The global trade association for shipowners and operators, International Chamber of Shipping (ICS) opened its China Liaison Office in the Hong Kong Special Administrative Region (SAR) on Tuesday, 21 November, during a reception hosted by the Hong Kong Shipowners Association…
The government of India has spent INR 13308.41 Crore ($1.9Bln) on infrastructure development and capacity augmentation of major ports in the country.A number of projects have been awarded in the last three years on upgradation of the major Ports…
The Baltic Exchange's main sea freight index ticked lower for a sixth straight session on Thursday, hurt by weaker demand for capesize vessels.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
Germany’s largest universal port, the Port of Hamburg, reported a container throughput of 7 million TEUs for the first three quarters of this year, representing a growth of 6.9 percent year-over-year.The climb in container handling is primarily attributable to the four new transatlantic services…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, dipped for a fifth successive session on Wednesday, weighed down by weaker capesize vessel rates.The Baltic index, which reflects rates for capesize…
Lineage Logistics Holdings, the world’s largest provider of temperature-controlled logistics solutions, announced it has signed definitive agreements to acquire Emergent Cold, the global cold chain services provider.This acquisition strengthens…
The maritime sector in Scotland directly supports nearly $12.9 billion in turnover and 41,000 jobs according to a new report launched at the UK Chamber of Shipping and British Ports Association Scottish reception.The report by the Center for Economics and Business Research (Cebr)…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Kamsarmax dry bulk vessels, the m/v Medusa.The gross charter rate is US$11…
On the occasion of his visit to Marseille for the National Industry Council, Prime Minister Edouard Philippe came to inaugurate the new global headquarters of CEVA Logistics, a subsidiary of the CMA CGM Group, with Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group…
3-Day Event Gathers Industry Leaders to Focus on Risks to the Marine Transportation SystemFrom November 13-15, the 10th annual Maritime Risk Symposium (MRS) will take place at SUNY Maritime College bringing together academics, government, and commercial entities to discuss threats…
Liebherr delivered the 100th Liebherr mobile harbor crane, a new LHM 600, to the Spanish customer Maritima del Principado in Gijón. Spain is now the third country in the world, alongside Russia and India, with a fleet of 100 or more Liebherr mobile harbor cranes…
Hamburger Hafen und Logistik AG, HHLA, the company that operates three out of four of Hamburg’s container terminals, continued its positive performance in the first nine months of 2019.The total revenue was 1.04 billion euros, an increase of 8…