Orient Overseas (International) Limited (OOIL), a company with principal business activities in container transport (OOCL) and logistics services (OOCL Logistics), is delighted to announce its joining of the United Nations Global Compact (UNGC)…
The Port of Virginia tallied the most productive August in its history, moving 240,605 twenty-foot equivalent units (TEUs), a 2.2 percent increase when compared with the same month last year. “As construction progresses at VIG (Virginia…
Imports at the Port of Long Beach surged more than 10 percent in August compared to the same month last year, marking the third-highest monthly import total in the port’s 106-year history. Long Beach terminals processed 692,375 twenty-foot…
The 14,400 TEU capacity CMA CGM Theodore Roosevelt became the largest container ship to call the port of New York and New Jersey when it arrived at the APM Terminals Elizabeth container terminal. The ultra-large container ship also established…
Port Manatee has been awarded a $946,950 federal security grant, enabling the Central Florida Gulf Coast port to double the number of outbound lanes at its main gate to securely accommodate increasing cargo volume. “With Port Manatee’s dynamic growth in containerized cargo activity…
International transport and logistics executives using container shipping are facing the biggest shift in their ocean provider base for 20 years and must adapt their procurement and contract strategy, according to ocean freight procurement consultancy Drewry Supply Chain Advisors…
U.S. carrier Matson, Inc. said it has inaugurated service to the port of Naha, Okinawa as part of its expedited China-Long Beach Express (CLX) service. Having received all necessary permits and clearances, the new weekly service made its first call at Naha on September 2…
A new container scanner system has been introduced to the Colombo Port. The installation ceremony was launched by the Finance Minister Mangala Samaraweera and Custom officials. According to the newest initiative four portals of Eagle P60…
The largest containership ever to serve the U.S. East Coast, the 14,414 TEU CMA CGM Theodore Roosevelt, called the Port of Savannah on Friday. Working the vessel with seven cranes at the 1,200-acre Garden City Terminal, the Port of Savannah is expected to move 4…
Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) - two major shipyards in South Korea - are poised to sign a deal worth $1.5 billion to build container ships for Mediterranean Shipping Company (MSC), according to the Financial Times…
Leasing companies are tightening their stranglehold over container equipment ownership as ocean carriers cut back on new purchasing and sell older inventory for leaseback, Drewry's report said. But the lessors’ rapid expansion has come…
A pilot program delivered by logistics technology company Marine Transport International (MTI) demonstrates that the logistics industry will see improved connectivity, efficiency and security thanks to blockchain. MTI, in conjunction with Agility Sciences…
China's COSCO Shipping Holdings Co Ltd reported a first-half profit on Wednesday and forecast that improved demand in the container shipping market would continue for the rest of the year. China's largest shipping group, which last month…
Rickmers Trust Management, a trustee-manager of Rickmers Maritime, informed that the trust has been wound up. The units of the trust and its notes shall cease to exist, said its trustee-manager in a Singapore Exchange (SGX) filing. The trust has made final distributions to unsecured creditors…
New alliances, structural change and positive economic trends have transformed the container shipping market over the past year, driving growth and pushing business performance figures from deep red into black. However, despite long-term rates that are…
