Maersk Line is expanding its commercial offering with the introduction of an extended liability solution, Value Protect, which will act as a substitute to regular cargo insurance, in protecting customers’ cargo.'Maersk is expanding its commercial offering and introduces Value Protect…
Ocean freight rates for cargoes moving under contracts on major East-West routes decreased by 7% in the fourth quarter, according to the results of Drewry’s Benchmarking Club Contract Index.The cost reduction, based on contract freight rate data provided confidentially by Asian…
The Port of Oakland had its busiest November ever for imports in 2018, shattering an 11-year-old record. The Port said today that it handled the equivalent of 83,364 loaded 20-foot import containers last month. That beat the old November record of 76…
Moody's Investors Service reaffirmed the Panama Canal Authority's (ACP) A2 long-term rating with a stable outlook, based on its distinctive position as an infrastructure asset with a unique geographic advantage and business model, and its strong historical operational and financial performance…
The Georgia Ports Authority is on track to reach 4.36 million twenty-foot equivalent container units handled in 2018, its highest volumes ever in a calendar year. The performance would mean an increase of 8 percent (312,385 TEUs) compared to CY2017…
Abu Dhabi Ports on Monday inaugurated the new Cosco Shipping Container Terminal at Khalifa with a capacity of 2.5 million TEUs (twenty-foot equivalent units).The new CSP Abu Dhabi Terminal, which includes the largest container freight station in the Middle East…
India’s 12 major ports witnessed a 4.83 per cent rise in cargo traffic at 461.21 million tonnes (MT) during April-November of the current fiscal, said the government.These state-run top ports had handled 439.96 MT cargo during the corresponding eight-month period of the last fiscal…
Patna, capital of Indian state of Bihar, will witness a new landmark in the country’s Inland Water Transport (IWT) sector with 16 TEUs of container cargo (equivalent to 16 truckloads), belonging to food majors PepsiCo India and Emami Agrotech…
Port of Hamburg terminal operator Hamburger Hafen und Logistik Aktiengesellschaft (HHLA) joined force with Hyperloop Transportation Technologies (HyperloopTT/HTT) to form a new company.According to a press release from HTT, the company will…
French automaker Groupe Renault partners with NEOLINE, designer and operator of cargo sailing ships, to experience a new maritime transport solution and reduce the carbon footprint of the Group’s supply chain.Groupe Renault announced the signing…
Ocean freight rate benchmarking platform Xeneta unveiled public indices delivering monthly insights on long-term ocean freight rate development.Oslo-based ocean freight rate benchmarking and market intelligence company is utilizing its database…
The Batangas International Port or locally known as the Batangas Pier in Philippines said that Batangas Container Terminal (BCT), managed by listed Asian Terminals Inc.(ATI), has continuously stepped up its role as international trade facilitator in Calabarzon (Cavite…
Ro/Ro traffic between Sweden and the continent are increasing, as volumes between Gothenburg and Belgium have risen for the ninth consecutive year. During this period volumes between Belgium during have doubled, and the number of departures has risen from 12 to 16…
The Port of Long Beach received a $14 million grant from the Trade Corridor Enhancement Program (TCEP) to offset construction costs for a $25 million rail project to increase efficiency and reduce local traffic.The grant will fund the port's Pier G and J Double Track Access Project…
The Port of Savannah moved more container cargo in October than any other month in its history, with 413,800 twenty-foot equivalent container units crossing its docks.Containerized trade at the Port of Savannah has increased by 8 percent for the fiscal year to date (July-Oct…
