After buying several container factories from its smaller competitor Singapore-based shipping company Pacific International Lines (PIL), China’s Cosco Shipping Holdings Co. is eyeing it as a potential takeover target.The Chinese state-run ocean…
Neo-Panamax container vessels experienced increased activity during the first quarter of 2019, compared to the fourth quarter of 2018, said Capital Product Partners.While charter rates for feeder and panamax vessels remained relatively flat due to…
The Port of Savannah welcomed its first Seaboard Marine vessel Wednesday. The new shipping line customer supports Savannah's cold chain logistics system with one new service to Central America, and a second to Latin America and the Caribbean…
Maersk, a global integrator of container logistics, delivered it’s first-ever shipment of butter from Bulandshahr, Uttar Pradesh (part of the Delhi National Capital Region) to Turkey. Butter exporter VRS Foods exported an initial 6 containers of their brand…
The Indian Container Services Division of APM Terminals Inland Services said that its specialised service that allows clothing manufacturers to ship garments on hangers (GOH) helped cater to leading global apparel brands.APM Terminals Inland…
Kalmar, part of Cargotec, is to supply a total of 16 terminal tractors to long-standing customer Container Terminal Saint-Petersburg CJSC (CTSP, part of UCL Holding).According to a press release, the order was booked in Cargotec's 2019 Q1 order intake…
Small yet significant rises in European import and export activity, combined with increased Far East imports and continued growth in US exports has fuelled a moderate improvement in long-term global container rates in March. The trend, identified in the latest XSI Public Indices report from Xeneta…
A consortium of investors including Poland's sovereign wealth fund PFR has agreed to buy the country's largest container terminal in Gdansk from the infrastructure fund of Australia's Macquarie in a deal worth more than 5 billion zlotys ($1…
Canadian National Railway (CN) said it plans to invest more than $245 million in Saskatchewan in 2019 to expand and strengthen the company’s rail network across the province.“Following a record capital program in 2018, CN brought on 25% more…
The Massachusetts Port Authority (Massport) in the USA will take delivery of four Konecranes RTGs in 2019.The Massachusetts Port Authority (Massport) will operate four more Konecranes RTG by the end of 2019. The cranes will be delivered to Conley Terminal in Boston…
India’s containerised trade with the world has grown steadily, recording an overall import-export trade growth of 6% according to the Q4 2018 trade report released by Maersk, the world’s largest container shipping company.Increasing demand for…
IKEA Transport & Logistics Services, CMA CGM, the GoodShipping Program and the Port of Rotterdam have announced they will cooperate in a first of its kind partnership to test and scale the use of sustainable marine bio-fuel oil. The test will…
American trucking company Saia announced that Saia LTL Freight has opened its newest Northeastern terminal in Wrentham, Massachusetts. This is the 11th facility the company has launched in the region since 2017.'Our expansion in the Northeast…
Navis, part of Cargotec, has acquired privately owned company Cetus Labs, Inc. in the US, a provider of a cloud-based terminal operating system (TOS) Octopi for small container and mixed cargo terminals. With the addition of Octopi to its software portfolio…
India’s containerised trade grew 6 per cent during the last quarter of 2018, with the western region outperforming the other three regions in Q4 trade.A report released by the world’s largest container shipping company Maersk has attributed…
