Monaco-based seaborne shipping company Navios Maritime Containers has acquired a 2011-built containership from an unrelated party for USD 52.5 million.The containership is expected to be delivered into Navios Containers’ fleet in Q1 2019 and is chartered out at a net rate of $26…
GAC Norway opens new Arctic Circle branch at Tromsø in response to growing demand, said the company.Sitting 300km north of the Arctic Circle, Tromsø is the largest urban area in Northern Norway and serves as a portal to the Arctic. It is a popular port of call for cruise vessels…
A $67 million waterfront expansion concluded at the Port of Oakland this month, as TraPac marine terminal opened its newest vessel berth to arriving container ships.The milestone signals completion of a 2-year project at Oakland’s second-largest…
Following the Port Reform Agreement that was signed on December 2018 - Haifa Port Company, the operator of all current terminals in Haifa Port, reports a total throughput of 26,264,000 metric tons and 1,464,000 TEUs in 2018, and it continues…
CJSC Eurosib SPb - Transport Systems tgether with the Zhengzhou International Hub company (ZIH) started the first transit container train through border crossing of Grodekovo (Far East railway, RZD). The Container train follows the route Hamburg (Germany) - Zhengzhou (China)…
The ship Balao docked at Verbrugge Terminals in Vlissingen, in North Sea Port, carrying a cargo of fruit. This was the first ship to arrive as part of this logistical service provider's first permanent intercontinental shipping line.The ship was carrying fruit such as bananas and pineapple…
Hamburger Hafen und Logistik AG (HHLA) has completed a project to expand the rail facilities at its Container Terminal Burchardkai in the Port of Hamburg.Two extra tracks and two new rail gantry cranes have been added to the rail terminal at the Container Terminal Burchardkai (CTB)…
Dubai's DP World will spend at least $250 million buying back some shares in its Australian port terminals business which it sold in 2010, a company spokeswoman said on Wednesday.DP World will buy the shares from Corsair Infrastructure Partners'…
Highlights of the Freightos Weekly Baltic Index Report ...Just as the January 1 GRIs were losing traction, the mid-month round lifted transpacific prices back up again. The net impact was a 4% week on week rise for both lanes. China-West Coast went up from $2…
British ferry and shipping freight operator P&O will re-flag its entire UK registered fleet to Cyprus ahead of Britain’s departure from the European Union to keep tax arrangements in the bloc, the company said on Tuesday.Last month P&O said…
The Port of Oakland reported a record-setting 2018 in cargo movement, on account of an expected spike in imports aimed at beating new tariffs on goods shipped from China.According to data released by the port, it handled the equivalent of 2…
Two shipping lines and a marine terminal operator are leading the clean air charge at the Port of Oakland. The Port this week honored ocean carriers MSC and Hyundai Merchant Marine for 100 percent deployment of shore power-ready vessels. It…
North Carolina Ports set an all-time high for container moves in calendar year 2018. The Port of Wilmington recorded a year-over-year container volume increase of 23 percent.The accomplishments of 2018 can be contributed, in part, to the organization’s…
CMA CGM Marco Polo, the largest container ship in the world, docked at the major international seaport Cai Mep International Terminal (CMIT) in the southern Vietnamese province of Ba Ria-Vung Tau, commencing a new weekly service to transfer cargo directly from Vietnam to Northern Europe…
Florida's Canaveral Port Authority has awarded a $108.5m contract to Ivey’s Construction for building its new Cruise Terminal 3 project.The contract agreement has been approved by the Canaveral Port Authority Board of Commissioners.Ivey’s was the low bidder to build a two-story…
