Orient Overseas Container Line (OOCL) has reported that there is a suspicious investment software in the market that is using the OOCL logo without authorization.The software claims to offer high returns on investments. However, OOCL has no…
The Australian government on Sunday described as 'serious and ongoing' a cybersecurity incident that forced ports operator DP World Australia to suspend operations at ports in several states since Friday.DP World Australia, which manages nearly half of the goods that flow in and out of the country…
BIMCO’s Chief Shipping Analyst, Niels Rasmussen, has revealed that Greek and Chinese shipping companies now own 34% of the global fleet’s cargo capacity, with Greek owners leading on cargo capacity.“The global fleet of cargo carrying ships consists of around 61…
Ocean Network Express (ONE) has obtained regulatory approval and completed its acquisition of a 51% stake in each of TraPac LLC and Yusen Terminals LLC (YTI), and a 20% stake in Rotterdam World Gateway (RWG).TraPac and YTI are container terminal…
Global container ship fleet is showing its age, reaching highest average age on record of 14.2 years.“Container ships have reached their highest average age yet at 14.2 years, the highest average age of the three main shipping sectors. The dry bulk fleet has an average age of 11…
Inditex, parent company of fashion brands such as Zara and Massimo Dutti, has partnered with Maersk to reduce its global GHG footprint from seaborne logistics by incorporating alternative fuels in all its inbound routes with the carrier.Through the ECO Delivery Ocean program…
The backlog of ships is growing at Israeli ports while operations continue at most terminals amid preparations by the military to launch a ground assault in the Hamas-controlled Gaza Strip, according to data and sources.Israel has vowed to annihilate…
The CMA CGM Group has unveiled the investment and business strategy for its recently acquired Global Container Terminals (GCT) in Bayonne and New York ports as part of the Group's U.S. expansion plan.Effective immediately, the terminals will…
Tecon Suape, International Container Terminal Services, Inc.’s (ICTSI) business unit at the Suape Port and Industrial Complex in Brazil, has been certified as a carbon-neutral company in accordance with Associação Brasileira de Normas Técnicas…
Rio Brasil Terminal (RBT), International Container Terminal Services, Inc.’s (ICTSI) operation at the Port of Rio de Janeiro, recently handled the inaugural call of COSCO Shipping Lines’ Europe – East Coast of South America (ESE2) service.On September 15…
Thousands of cars are now entering Turkey after DP World Yarımca introduced a ‘cars in containers’ shipping solution that has helped solve an automotive supply chain crisis in the region.Congestion at Turkish ports has resulted in significant…
Victoria International Container Terminal (VICT), Australia’s first fully automated container terminal, will soon be handling the largest container ships to arrive in Australia after the recent delivery of two new ship-to-shore (STS) cranes…
Victoria International Container Terminal (VICT) is marking a significant milestone with the arrival of the CMA CGM Pelleas which has docked at the Port of Melbourne.At 350 meters in length, the container ship is the largest ever to dock in Australia…
Transatlantic shipping freight rates have come under pressure from slack demand, meaning ship operators must watch costs, the chief executive of Germany's Hapag-Lloyd said on Monday.'Rates have definitely collapsed, and that means we have to start looking at our costs…
COSCO SHIPPING Ports has announced its interim results for the six months ended 30 June 2023, highlighting that total throughput increased by 2.2% YoY to 64,572,872 TEU and equity throughput increased by 1.3% YoY to 20,751,365 TEU.Revenue decreased by 2…
