Intermodal News - page 7

 

Durban Port Functional After Flood Devastation

Apr 19, 2022

South Africa's major port of Durban, where operations were disrupted by severe flooding last week, is now functional and a backlog of thousands of containers will be cleared within five to six days, the public enterprises minister said on Tuesday…

The Supply Chain: As Empty Containers Stack Up in the U.S., Challenges Persist

Apr 19, 2022

According to a recent analysis by Container xChange, one of the many challenges for the supply chain now is the overflowing container depots in the U.S. and the pileup of empties that will push the container prices further downwards in the mid-term…

Reefer Rates Offer First Signs of Easing, says Xeneta

Apr 13, 2022

Despite months of softening on the backhaul North Europe to Far East trade, with rates on the spot market closing in on $1,000 per FEU for normal-dry containers, spot rates for reefer containers on this trade have been stable since early 2021…

Pennsylvania Extends Intermodal Cargo Growth Incentive Program for Ocean Carriers

Apr 04, 2022

Governor Tom Wolf announced that Pennsylvania’s Intermodal Cargo Growth Incentive Program (PICGIP), which aims to increase cargo activity by incentivizing shippers to move cargo through Pennsylvania ports, will be extended until July 2023. The…

CMA CGM to Buy Auto Logistics Firm Gefco

Apr 01, 2022

Shipping group CMA CGM is set to buy auto transport company Gefco, French paper Les Echos reported on Friday, citing sources close to the matter.CMA CGM declined to comment.Gefco, in which French-Italian carmaker Stellantis holds a 25% stake…

ZIM Strikes Deal to Charter Six 5,500 TEU Newbuilds

Mar 30, 2022

Israeli shipping company ZIM Integrated Shipping Services (NYSE: ZIM) on Wednesday announced a new charter transaction with a group of investors initiated by MPC Capital AG, according to which ZIM will charter a total of up to six 5,500 TEU…

Russia Resumes LPG exports from Sea of Azov

Mar 29, 2022

Russia is set to resume supplies of liquefied petroleum gas (LPG) from a Sea of Azov port on Tuesday for the first time since Moscow started its military operation in Ukraine, data from the port and Refinitiv Eikon showed.Supplies of LPG had been halted from the Temryuk terminal since Feb…

MacGregor Wins Supply Contract for Four Höegh Autoliners PCTCs

Mar 24, 2022

MacGregor, part of Cargotec, was selected to supply comprehensive packages of RoRo equipment for four Aurora class pure car and truck carriers (PCTCs) to be built by China Merchant Heavy Industries (Jiangsu) Co., Ltd. for Höegh Autoliners.The order has a value of more than $15 million…

Most Containership Spot Rates Tower Above Long Term Contracts - Xeneta

Mar 24, 2022

The Far East to South American East Coast trade is the only front haul trade where the long term is lower than the average spot rate among Xeneta's top 13 trades. Long-term rates on this trade are still below their October highs, but they have been steadily rising since 2022…

White House Aims to Boost Supply Chain Information Sharing

Mar 15, 2022

The White House on Tuesday unveiled a new pilot effort to help clear supply chain bottlenecks at congested U.S. ports by getting truckers, shippers, wholesalers, retailers and other businesses to share information.U.S. Transportation Secretary…

ZIM Announces Record Financial Year in 2021

Mar 09, 2022

Net Income of $4.65 Billion, Adjusted EBITDA  of $6.60 billion, and Adjusted EBIT of $5.82 billionAs the containershipping industry enjoys its greatest boom of a generation, ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced its consolidated…

Containershipping: VCFI Index Falls for First Time in nearly Two Years

Mar 04, 2022

Russia's war in the Ukraine and spiraling oil and marine fuel prices have conspired to drive the VCFI indes to its first loss in 18 months.Change of trend in the indicators that measure the evolution of container transport costs. Valencia Containerized Freight Index (VCFI) fell by 0…

A New Onassis? Italy's Sea Captain Swoops on Reborn Alitalia

Feb 14, 2022

Sixty-five years after Aristotle Onassis founded Greece's Olympic Airways, another shipping entrepreneur is planning to take to the skies - this time in Italy, where Gianluigi Aponte's MSC has its sights on the successor company to Alitalia…

MV Charlie delivered to dship; Fourth "Eco-friendly" Newbuild

Feb 14, 2022

dship Carriers took delivery of number four of four newbuilds, the MV Charlie, the latest generation eco-friendly F-500 vessel type. The quartet of new ships enhances dship's capabilities in the multi-purpose heavy lift market during a time when cargo slots are rare and the market is tight…

Concordia Explores Converting Tankers to Container Carriers

Feb 08, 2022

As the tanker market languishes and the containershipping sector drives full speed ahead, Concordia Maritime announced it has embarked on a technical design study on the feasibility of converting several of its tankers to container carriers…

Logistics News

Herculaneum Port Site Cleared for Redevelopment as Intermodal Hub

Herculaneum Port Site Cleared for Redevelopment as Intermodal Hub

Spain's Ports See Goods Traffic Rise as Red Sea Crisis Continues

Spain's Ports See Goods Traffic Rise as Red Sea Crisis Continues

UK Chamber of Shipping names Hatcher Chief Executive

UK Chamber of Shipping names Hatcher Chief Executive

Ukrainian Grain Destroyed in Poland

Ukrainian Grain Destroyed in Poland

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