The recent months’ uptick in global indicators, which implies a strengthening in the global economy, is not sufficient for the patient to be discharged yet. The state of the global economy is still uncertain, despite stronger growth dynamics in advanced economies…
CMA CGM aims to increase its market share in Indonesia to 20 percent by year-end from the current 13 percent, reported The Jakarta Post. The company's senior vice president in Asia, Jean-Yves Duval said that with aggressive marketing, as well as longer and more efficient routes…
Taiwan’s troubled Yang Ming Marine Transport Corp is halting its container service to Iran, becoming the first foreign shipping line to abandon the route a year after international sanctions on Tehran were lifted, Reuters reported. Yang…
Port Newark Container Terminal (PNCT) handled a record number of container volumes without disruption to its customers following its January 2017 upgrade to the N4 terminal system. The move to Navis N4 is part of PNCT’s $500 million infrastructure…
Total domestic and international container volumes at the Port of Seattle and Port of Tacoma increased by more than 14 percent for the month of March, and year-to-date volumes were up 10 percent. March international container volumes performed strongly post-Lunar New Year…
Transnet National Ports Authority has made several senior appointments that will assist the division to sharpen its focus on the delivery of its strategic objectives and improve operational efficiencies. The changes – which follow the recent…
Greece received three improved binding financial bids for a majority stake in Thessaloniki Port , its second-largest, the country's privatisation agency (HRADF) said on Friday.Last month HRADF got three bids for a 67 percent stake in Thessaloniki Port…
Owner and operator of dry bulk and container vessels Navios Maritime Partners L.P. said it has reached an agreement to acquire Rickmers Maritime’s entire containership fleet.The deal, worth about $113 million, will see Navios Partners acquire…
iContainers, the 100 percent online freight forwarder, has launched a new branch in the Dominican Republic. The new office, located in Santo Domingo, will manage the freight needs of exporters and importers in the island nation. Given the Dominican Republic’s strategic location in the Caribbean…
Samskip is to expand its global refrigerated foods transportation interests once more, announcing plans for Samskip Logistics USA to acquire the activities of New Jersey-based freight forwarder Rimar Consultants Inc. Rimar Consultants is…
Following last month’s news that Singapore Based Rickmers Maritime Trust is to be wound up, Rickmers Holding AG released a statement on April 19 reporting that an understanding had been reached regarding restructuring of the Rickmers Group. It…
dynaCERT Inc. has received CE certification for its HydraGEN technology. Specifically, the models HG1 (Class 6-8 trucks), HG2 (Class 2-5 trucks, refrigerated trailers and shipping containers) and HG3 (diesel-powered ocean ships, locomotives…
The 8,600 TEU capacity CSAV Traiguen became the largest container ship to call a Guatemalan port when it arrived at Terminal de Contenedores Quetzal (TCQ) on Guatemala’s Pacific Coast on April 12th, 2017, on the maiden call of German-based Hapag-Lloyd’s Mediterranean Pacific (MPS) service…
Ocean Carrier Nile Dutch will use ClearMetal's machine-learning approach to fleet and container utilization improvement. ClearMetal is a predictive logistics company that uses AI and machine learning to unlock new efficiencies for global trade…
Container carrier ZIM has informed of an upgrade to its Greece Turkey Service (TGX) which will deploy three 1,700 TEU vessels starting May 2017 in the following rotation: Haifa – Ashdod – Antalya– Istanbul– Izmit– Gemlik– Istanbul– Piraeus – Thessaloniki – Izmir – Haifa…
