South Africa ranks among the top countries in the world, and first on the African continent, for BSI’s forecasted losses due to cargo theft, according to a report from freight transport insurer TT Club and business improvement company BSI.Historically…
Saab said it has been awarded a contract from the Halifax Port Authority to supply a Port Management Information System (PMIS) to further streamline the Canadian East Coast port's operations by allowing port departments, 80 service providers…
The Port of Virginia’s continual investment in new equipment is helping to build one of the youngest chassis fleets in the U.S., with the average age of chassis in the port’s pool being 3.5 years old.Experts in the field estimate the average…
Although many of China’s major bulk imports, such as iron ore and crude oil, have seen strong growth so far this year despite the COVID-19 pandemic, imports of coal have followed the opposite trajectory. Staggering high growth in January through…
From October 1, electricity sourced from renewable energy will be used at Yokohama Daikoku C-3 Terminal, which began operations in August as the first finished-car logistics terminal in Japan operated by NYK, in the company’s effort to help…
The cruise industry has certainly been among businesses hardest hit by the economic impacts of COVID-19. But the industry-rocking fallout extends well beyond the cruise lines themselves, extending through cities throughout Florida where canceled…
Trans-Pacific short vs long contract freight rate gap hits record $2,400 per FEUAs the year 2020 continues to deliver positive surprises for the container shipping sector, the gap between short and long term contract freight rates on the Trans-Pacific trade lane has never been wider…
Abu Dhabi Ports launched the 'Smart Container' initiative, a prefabricated containerized data center runs a wide range of mission-critical applications, including port and terminal operation systems, visitor passes, and other digital customer services…
Abu Dhabi Ports announced said that Khalifa Port’s expansion -- announced in late 2019 -- is on pace for completion, despite challenges presented in the face of COVID-19. To date:200 meters of quay wall and almost 175,000 sq m of land within…
Material handling equipment, like forklifts, are vital to a port’s day-to-day operations. Forklifts enable employees to keep containers and other heavy materials on the move during their shift. But due to the nature of the equipment, forklifts…
The port of Salerno in southern Italy has been an important trading center since ancient times, and Italian port terminal operator Salerno Container Terminal SPA (SCT) has been a regular customer of Liebherr Port Equipment, today operating 11 Liebherr machines…
India's steel exports more than doubled between April and July to hit their highest level in at least six years, boosted by a surge of Chinese buying in defiance of tensions between Beijing and New Delhi.Traders said reduced prices had driven…
In 2007, scholar Nassim Nicholas Taleb, who holds a doctorate from the University of Paris, wrote a bestselling book titled “Black Swan,” which proposed a theory involving unpredictable events with significant impact. Taleb believed that a black swan event was an outlier with significant impact and…
Bulk carriers are the workhorses of international maritime trade. Those responsible for operating them need to manage significant risks inherent to the dry bulk trade. Certain cargoes can deplete oxygen, catch fire, explode, corrode holds or simply deteriorate…
Recent reports show that on-time performance in the containership sector continues to deteriorate, causing tension between the carriers and retailers. In general, non-ocean carriers – trucks and trains – are achieving reliability rates well…
