Every few years I am handed a high-speed container transport proposal. Generally it consists of some type of high speed vessel design that would be able to move containers at high speed and thereby attract a new market by taking a chunk out of the air cargo market and the premium ocean market…
A go-slow by workers at a major South African port is hitting exports of cars and other commodities, the country's Public Enterprises Minister Pravin Gordhan said on Thursday.State-owned rail operator Transnet said it had suspended a number…
Port operator DP World plans to raise at least $700 million through conventional and Islamic bond issues on Thursday, documents issued by banks involved in the deal showed.Majority owned by the Dubai government, DP World plans to issue benchmark sukuk with a 10-year maturity…
The Jacksonville Port Authority (JAXPORT), the No. 1 port by container volume in the State of Florida, has announced that transportation industry professional Lisa Wheldon has joined the organization as Director, Cargo & Intermodal Rail. Wheldon…
Newbuilding UpdateThe highlight for newbuild orders in the last 12 months must certainly be HMM’s mammoth order back in September 2018. The South Korean company placed en bloc orders at three top South Korean yards for almost $3 billion in total…
U.S. Customs and Border Protection’s (CBP) Area Port of Philadelphia seized the MSC Gayane Thursday following a record seizure of 20 tons of cocaine on June 17.Upon application from the U.S. Attorney’s Office for the Eastern District of Pennsylvania…
AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment for logistics companies, announced that it has received a $500,000 order for container handlers. The equipment will ship before the end of July.AmeraMex CEO Lee Hamre commented…
Last month Maritime Reporter & Engineering News was invited to join Admiral Karl Schultz, the Commandant of the United States Coast Guard, on a trek to New Orleans for an underway tour on board a mid-stream transfer operation in the Mississippi River…
As YILPORT Rolls Out the Navis’ Compass Visual Workflow Management Application, the collaborative tool promises improved planning and greater visibility across five terminals. And, that’s just the beginning.In May, Navis announced that YILPORT Holding Inc…
Port operator DP World has hired banks to arrange a series of investor meetings ahead of a potential issue of 10-year U.S. dollar-denominated sukuk, or Islamic bonds, a document issued by one of the banks leading the deal showed.DP World, majority owned by the Dubai government…
As North America’s larger ports continue to increase capacity, dredging and air drafts are receiving the attention they deserve. As bigger post-Panamax boxships begin to arrive, none of that means anything unless truck turn times and TEU moves per hour can be improved…
APM Terminals Gothenburg has managed to cut quay crane waiting times by as much as 90% by implementing new standard operational procedures for container lashing. This translates to a reduction from 38 minutes to just four.Using ‘Lean’ methodology…
A.P. Moller-Maersk have joined other major container shipping companies in increasing prices for sending containers into the Persian Gulf in response to the heightened risk of military conflict in the area.Attacks on two oil tankers in the Gulf…
German-based cargo container shipping line Hapag-Lloyd AG has placed a record order for 13,420 refrigerated containers, known as reefers, which are set for delivery in November 2019.A statement from the fifth biggest container shipping line…
Carnival Corp has implemented Sea Traffic Management (STM) into its fleet management and operations software to share voyage data with ports and other shipping companies. EU's STM Validation project has now been added to entire Carnival Corporation fleet…
