Japanese shipping company Ocean Network Express (ONE) has completed the acquisition of a minority stake in New Priok Container Terminal One (NPCT1) in Jakarta, Indonesia.NPCT1 is an important terminal serving mature gateway markets in Southeast Asia…
Hapag-Lloyd expects lower profitability in the fourth quarter but still at a 'good level', after freight rates peaked in the third quarter, Rolf Habben Jansen, the CEO of the German shipping company, said at a press conference on Monday.Habben…
PSA Singapore (PSA) and Evergreen Marine Corporation (EMC) have established a joint venture in Singapore, aiming to enhance operational excellence and achieve greater synergies in container operations.The joint venture terminal is expected to commence operations by the end of 2024…
The Port of Oakland’s container volume registers continued growth in the fourth quarter. Total container volume rose 10% over recorded volumes during the same period in 2023.Loaded imports continue to grow for the 12th straight month. Import volume rose 11…
DP World has expanded its Green Marine membership by adding the Vancouver, Nanaimo, and Saint John terminals to the program. DP World’s terminal in Prince Rupert has been Green Marine certified since 2013. Doug Smith, CEO of DP World in Canada…
Port ranks number one for refrigerated exports, supports $8.5 billion in ag exports.The Port of Oakland continues to be one of the most important gateways for U.S. agricultural products. The Port exported 235,899 TEUs (twenty-foot containers) of agricultural commodities as of October 2024…
Preliminary fiscal year-end figures show Port Everglades enjoying healthy increases in cruise, cargo and petroleum volumes resulting in record revenues.'Port Everglades is one of Broward County's vital economic engines, which supports more than 11…
With highly productive port service and expanding rail capabilities, South Carolina Ports looks to speed goods to market and support growth in the Southeast.SC Ports has three big-ship capable terminals and a total of 10 million TEUs on the horizon…
The CMA CGM Group has announced the winners of its first CMA CGM Startup Awards.The international competition, organized in partnership with BFM Business, La Tribune and ZEBOX, attracted over 400 entries from innovative startups. 60 finalists…
The union representing 45,000 East Coast and Gulf Coast dockworkers and a group representing employers held a new round of contract talks this week but failed to make significant progress on the critical issue of automation, the two sides said on Wednesday…
APM Terminals has awarded civil works and electrification contract for Maasvlakte II container terminal expansion in Rotterdam to CareGo, a consortium of ABB, Dura Vermeer and GMB.The expansion will cover a 51-hectare container yard, which will double the capacity of the terminal…
Western Australian Premier Roger Cook has announced that Westport has received funding for Stage 4 of its detailed design. Westport is the State Government's planning program to move container trade from Fremantle to Kwinana, about 20 kilometers south…
Adriatic Gate Container Terminal (AGCT), ICTSI’s operation in the Port of Rijeka in Croatia, recently attained two milestones by handling a record monthly throughput and the highest single vessel exchange.AGCT’s new highest monthly throughput exceeds the previous record set in July 2024 by 11%…
The Panama Canal Authority could double in coming years the number of containers that move through the key East-West commercial waterway, the canal's chief told a maritime conference on Friday.A cargo-consolidation plan will seek to increase container volumes by assigning them to larger vessels…
Strong global demand pushed up CMA CGM's third-quarter profit while the current quarter was seeing a rush to ship goods from China, the shipping group said on Friday as it played down the risk to trade from possible U.S. tariffs.The French company reported a net profit of $2…
