Growth prospects remain healthy for all three major U.S. transportation segments heading into next year, though the trajectory figures to level off somewhat according to Fitch Ratings in its latest annual report. The broader economy is proving…
China strongly urges the U.S. to remove sanctions on Chinese firms and will take any necessary measures to firmly protect its own interests, China's commerce ministry said in a statement late on Tuesday.The U.S. government on Monday expanded…
Due to the continuous growth of its South American operations, global logistics provider Dachser recently relocated both its Buenos Aires, Argentina regional office as well as its Santiago, Chile regional office to larger facilities.“The business…
Confidence in the shipping industry fell in the past three months to its lowest level for two and half years, according to the latest Shipping Confidence Survey from leading shipping adviser and accountant BDO. Yet owners, charterers and managers…
Oil shipping rates are soaring following a series of sanctions on a Chinese transportation giant and limitations placed on movement of Venezuelan crude oil tankers.WHAT HAS HAPPENED TO SHIPPING RATES?The cost of chartering a supertanker to send…
Drewry Shipping Consultants has revealed that it now expects global port throughput to rise by 2.6% in 2019, down from the previous 3.0% expectation.The mood-music surrounding the container market has deteriorated further in the last three months…
TRAC Interstar, a leading provider of emergency fleet services, is changing its name to FYX Fleet Roadside Assistance. The new name blends TRAC Interstar’s 35 years of service excellence with next-generation road service technology for the intermodal and trucking industries…
North Sea Port and Lineas are joining forces to increase efficiency with 12 new rail connections to the European hinterland.According to a press note from the cross-border port that consolidates the port areas of Vlissingen, Terneuzen and Ghent…
Vard, a Fincantieri subsidiary, has delivered the new Hanseatic Inspiration to Hapag-Lloyd Cruises, the second in a series of three 230-guest luxury expedition ships for the German cruise operator.With her close to 16,000 gross tons and 139 meters long…
France-based developer of smart data for ports Traxens has led the development of the first standards for smart container data exchange now published by the United Nations Center for Trade Facilitation and Electronic Business (UN/CEFACT).Business…
White House economic adviser Larry Kudlow said on Friday that the U.S. team was 'open-minded' about the outcome of U.S.-China trade talks next week, which will include deputy-level meetings on Monday and Tuesday, with minister-level meetings Thursday and Friday…
The Port of Rotterdam Authority has launched a new container tracking application Boxinsider allowing shippers and freight forwarders to locate their containers at any given moment.Boxinsider draws on status information from container vessels and inland and deep-sea terminals…
Hapag-Lloyd Cruises has announced that from July 2020 its global fleet will no longer burn heavy fuel oil (HFO) and instead run exclusively on marine gas oil with a maximum sulfur content of 0.1 % (LS-MGO).'In doing so, the company will cut…
As car carrier shipping is expected to continue its slow recovery, backed by better utilization and minimal vessel ordering, costs are increasing while the trade outlook seems vulnerable to emerging geopolitical risk. Slow car carrier recovery…
The Port of Los Angeles has announced a development opportunity for an Outer Harbor Cruise Terminal at Berths 46 and 50, with plans to release a Request for Proposal (RFP) later this fall.The proposal is intended for cruise lines, terminal operators…
