Seabury Maritime LLC (“Seabury Maritime”), a global maritime and transportation investment & merchant banking and industry advisory firm, a division of Seabury Capital Group LLC, has announced its new collaboration with Norway-based BASS Software (“BASS”)…
Stephen Wang is counting the costs of President Donald Trump's trade war. He had to put down 12 times more cash as a guarantee to U.S. customs that he would pay the bill for tariffs on the Chinese-made pumps, valves and motors he imports.The cost of the guarantee - a U…
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…
Transnet National Ports Authority (TNPA) welcomed a high-level delegation from the Miami-Dade County in the United States for a tour of South Africa’s second busiest port, the Port of Cape Town, on Tuesday, March 26, 2019. The visit formed…
The repositioning of empty containers costs the liner industry an estimated $15-20billion every year according to Boston Consulting Group (BCG), as containers sit idle at a depot or are repositioned to a different loading point while empty. This is time spent not earning revenue…
On May 10, Port of Hamburg Marketing will be offering those who have always wondered how cargo handling in the Port of Hamburg functions very special company visits to mark Hamburg Port Anniversary. Compiled with help from numerous operators…
Even in the face of a raft of geopolitical and trade disputes that have conspired to instill uncertainty in many industries, confidence in the shipping industry rose in the last three months says the latest Shipping Confidence Survey from BDO…
German container liner Hapag-Lloyd sees itself on a promising course to achieve better results and further reduce debts as it cuts costs, benefits from merger synergies and finds itself in an improving shipping industry environment.'We see fairly…
U.S. President Donald Trump said trade negotiations with China were progressing and a final agreement 'will probably happen,' adding that his call for tariffs to remain on Chinese imported goods for some time did not mean talks were in trouble…
Singapore-headquartered international petroleum storage and logistics provider Global Petro Storage (GPS) has entered into an agreement with the Port of Amsterdam to develop a railcar connection on land adjacent to GPS' existing 11-tank gasoline and bioguel storage and blending facility…
Last night’s arrival of United States Coast Guard Cutters Alder and Mackinaw signaled that the 2019 commercial shipping season is soon to commence for the Port of Duluth-Superior and the entire region.The Alder and Mackinaw made their way across Lake Superior from Sault Ste…
China's commerce ministry said on Thursday that a U.S. trade delegation headed by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will visit Beijing on March 28-29 for another round of negotiations.Chinese Vice Premier Liu He will travel to the U…
Canadian National Railway (CN) said it plans to invest approximately $345 million across British Columbia in 2019 to expand and strengthen the Company’s rail network throughout the province.“Following a record capital program in 2018, CN has…
The Northwest Seaport Alliance’s February container volumes reached 269,199 twenty-foot equivalent units (TEUs), a 4.1 percent decrease from last year. Despite the dip, the year-to-date container volumes are up 10.9 percent, with imports and exports growing 10…
The shipping companies and terminals in and around Amsterdam port are launching a range of initiatives for using rail more extensively for the transport of cargo, including containers and liquid bulk cargo.Recently Port of Amsterdam organised…
