With Navis N4 TOS, the Port of Tanjung Pelepas (PTP) has again broken the record for vessel utilization after the MSC Gulsun, the largest container ship in the world, departed with 19,574 TEU in July 2019.This milestone means PTP has broken…
Senior Chinese and U.S. trade officials spoke by telephone on Tuesday as the Chinese side lodged solemn representation on additional tariffs on Chinese goods scheduled to start next month, China's Ministry of Commerce said in a statement.The statement was issued at around the same time that U…
Jumbo reports completion of a shipment of the 'heaviest, tallest and the largest diameter 'Transition Pieces (TP’s) it has ever transported.The TP’s were shipped for Jan De Nul Group in cooperation with brokers Multi Marine Chartering B.V. from Laem Chabang to Taichung…
Liberty Global Logistics LLC (LGL) announced today that Robert G. (Bob) Wellner, its current President, will retire effective December 31, 2019. Mr. Wellner is a widely respected industry veteran with more than 46 years of experience in the U…
July is Second Busiest Month in Port of Virginia’s History.The Port of Virginia in July processed 265,559 TEUs (twenty-foot equivalent units) in July, making it the second busiest month in the port’s history.The strong cargo performance was…
Volumes Increase 9.4% Compared to Previous Year.For the fourth consecutive month, the Port of Los Angeles has set a new single-month cargo record. In July, the Port moved 912,154 Twenty-Foot Equivalent Units (TEUs), the busiest July in the Port’s 112-year history…
Tariffs continue to hamper trans-Pacific trade.Port of Long Beach cargo volumes last month were down from the previous July, when the number of containers moved through the harbor neared 700,000 twenty-foot equivalent units (TEUs).The July 2019 total…
The shipping containers market estimated to grow with a CAGR of 6.5% during the forecast period from 2018 to 2026, said a report.According to ResearchAndMarkets' latest report, the number of goods carried by shipping containers witnessed an extravagant grow from 102 million metric tons in 1980 to 1…
Norwegian shipbuilder Meyer Werft announced that Norwegian Cruise Line (NCL)'s newest cruise ship Norwegian Encore will most likely be leaving the covered building dock II on 17 August 2019.The ship has a rating of 169,145 GRT and measures 333…
Last month was the busiest in the Port of Oakland’s 92-year history for containerized import cargo. The Port said it handled the equivalent of 90,598 20-foot import containers in July. It was the first time ever that Oakland import volume had crossed the 90…
Admiral Mohab Mameesh, Chairman of the Suez Canal Authority and Suez Canal Economic Zone, announced the successful transit of MSC GULSUN, the world’s largest container vessel, on its first trip through the New Suez Canal. The Panamanian ship transited the Canal with the northbound convoy…
The Jacksonville Port Authority (JAXPORT), Florida, said that its Chief Executive Officer Eric Green and other port executives welcomed Florida Department of Transportation Secretary Kevin Thibault for an update on port growth and a waterside tour of ongoing port projects…
Turkish-based tour operator Anex Tour is entering the cruise business with the acquisition of Saga Cruises' Saga Sapphire.Anex chairman Neset Kockar said the acquisition would allow the Turkish holiday giant to create a “unique eastern Mediterranean cruise experience”…
Genting Hong Kong, a member of the Malaysian Genting Group, has reached an agreement to sell a 35% stake in global cruise ship company Dream Cruises to Canada’s TPG Darting, which is owned by TPG Capital Asia and Growth Funds.The company said…
Stronger-than-expected Chinese export data helped push global stock markets higher on Thursday following a volatile week that had investors scrambling for safety on fears of a worldwide economic pullback.Investors were encouraged by data showing Chinese exports rose 3…
