Global shipping container suppliers China International Marine Containers and Maersk Container Industry in a joint statement on Thursday said they have abandoned a merger plan, citing significant regulatory challenges.China International Marine…
Average container prices have declined by more than half from the last year in August as China picks up containerized trade volumes more recently, according to an analysis published by Container xChange.Trade in China was impacted in the first half of the year…
South American spot rate gap set to narrow as shippers take advantage of lower Far East to West Coast ratesThe latest ocean freight rate data from Xeneta reveals that spot rates are currently $3,700 more expensive for shipping 40-ft. containers from the Far East to the South American East Coast…
NYK Line and UNI-X NCT Corporation (UNI-X) have begun operation of four state-of-the-art transfer cranes developed by Mitsui E & S Machinery Co., Ltd.The four cranes are based at the NYK Tokyo Container Terminal (NYTT), and each comes equipped…
Global Ports Holding Plc (GPH) has signed a 30-year concession agreement with the Puerto Rico Ports Authority for San Cruise Port, Puerto Rico, the world's largest independent cruise port operator announced on Tuesday.On completion, San Juan Cruise Port…
Global growth in container fleets through new orders and building activity will outstrip shipping demand from next year and ease current market tightness, the chief executive of Hapag-Lloyd said in an analyst call on Thursday.“Over the upcoming 24 months…
The U.S. Transportation Department (USDOT) said on Wednesday a supply chain pilot data-sharing project aimed at easing bottlenecks at congested U.S. ports has begun exchanging data and doubled in size.USDOT announced the planned project in March with truckers…
While there are many layers to the continued container shipping supply chain woes, and the U.S. Federal Maritime Commission has set its sites on the nuisance of empty containers clogging traffic, on the heals of FMC Chairman Maffei's visit to the Port Authority of New York/New Jersey…
Shipping group A.P. Moller-Maersk said on Friday it had agreed to buy Danish logistics company Martin Bencher Group in a deal valued at $61 million.'Martin Bencher will be an excellent fit to Maersk and our integrator strategy, strengthening…
TUI Cruises said a second vessel in its cruise ship fleet has successfully tested the use of shore power in port.Earlier this week, the German cruise ship operator's Mein Schiff 6 received shore power for the first time in SEEHAFEN KIEL Cruise GmbH & Co…
Rio Tinto's Guinea subsidiary has formed an infrastructure joint venture with Winning Consortium Simandou (WCS) and the government, paving the way for work to resume on the world's largest undeveloped iron ore project.The joint venture (JV)…
Despite another slew of rises in long-term contracted ocean freight rates across key global trade corridors, month-on-month growth is slowing - and spot rates continue to weaken – suggesting prices may have peaked. However, according to the latest Xeneta Shipping Index (XSI)…
Marine terminals at California's Port of Oakland reopened for regular weekday hours on Monday after independent truckers formally ended a week-long protest of the state's new 'gig worker' law that stranded cargo on ships, docks and warehouses…
Long queues of holidaymakers and lorries built up on Saturday outside the Port of Dover, Britain's main gateway to Europe, and officials said the disruption could be worse than the logjam seen on Friday.Travelers setting out at the start of the British school summer holidays…
Independent truckers protesting California's new 'gig worker' law blockaded California's third-busiest seaport for the third straight day on Friday, delaying shipments at the state's top agricultural export hub and adding to U.S. supply chain headaches…
