Recovering demand for multipurpose shipping combined with improved market conditions for competing sectors will result in rising market share for the multipurpose shipping fleet and a recovery in freight rates in 2018, according to the latest…
U.S. Trade Representative Robert Lighthizer said on Tuesday he is not focused on terminating the North American Free Trade Agreement and is only trying to negotiate an update that 'rebalances' the pact to reduce U.S. trade deficits. 'We…
In late June of 2017, AP Moeller-Maersk shut down its container operations at the Port of Los Angeles. It wasn’t due to labor relations problems, equipment malfunction or other reasons that have been known to thwart port operations. It was a cyber-attack…
Avantida said Hapag-Lloyd has become the first ocean carrier in the U.K. to offer its reUse container management services through the Avantida platform. The application allows the re-use of import containers for export shipments of the same shipping company…
U.S. import prices for September recorded their biggest increase in more than a year amid rising petroleum and food costs, but underlying imported inflation remained modest.The Labor Department said on Tuesday that import prices jumped 0…
An agreement has been signed between American President Lines LLC, Taiwan Branch and Taiwan International Ports Corporation Ltd, to renew APL’s terminal lease at the Port of Kaohsiung, Taiwan. The signed deal retains APL’s current terminal plot…
Pasha Hawaii will provide the U.S. Jones Act vessel Horizon Spirit to ship hundreds of containers from the West Coast in support of hurricane relief and rebuilding efforts in Puerto Rico. The Horizon Spirit serves as a drydock reserve ship in…
ZIM is pleased to announce that starting November 2017, ZIM’s popular Seven Stars Express Service (Z7S) will add a call in Kaohsiung, Taiwan, offering unique advantages to customers, said a company press release. The service includes: Direct access to New York Maher terminal…
With Ocean ETA, shippers gain real-time visibility to ocean shipments and seamless orchestration of transitions between sea, land and air. Ocean ETA was launched by Savi, an innovator in big data/machine learning analytic solutions, supply chain management software and sensor technology…
The Port of Savannah moved more than 1 million twenty-foot equivalent container units across Garden City Terminal in the first quarter of FY2018 (July 1-Sept. 30), growing by 5.8 percent or 55,629 TEUs over the same period in FY17. In September alone…
Container volumes at non-major Indian ports like Mundra, Pipavav, Hazira and Katupalli ports have registered a combined CAGR of 20 percent (from 1.7 million TEUs to 4.5 million TEUs) for the last five years (2012-17) as against CAGR of 2 percent (from 7…
The Port of Los Angeles marked its third-largest September on record in terms of container volume. Last month, 763,785 Twenty-Foot Equivalent Units (TEUs) moved through the port, up slightly from last September. “As we enter the final quarter of 2017…
“Simply put, we are having the best trade months in port history,” said Lou Anne Bynum, Harbor Commission President at the Port of Long Beach, where cargo volume records continue to be broken. The port moved more containers last month than any September in its history…
The CMA CGM group has opened a logistics storehouse in the heart of the Bekaa valley in Taanayel, Lebanon, offering a tailor-made logistics solution for reefer customers in the country’s richest agricultural, commercial and industrial region…
TOTE Maritime said it continues to see an increase in overall productivity at the Port of San Juan as more and more containers leave the terminal for communities around Puerto Rico. On Monday the terminal reached 87 percent productivity…
