International trade is expected to grow for the U.S. in 2017, as domestic economic conditions improve and the world economy accelerates, an economic forecaster said Wednesday at the Port of Long Beach’s 13th annual 'Pulse of the Ports Peak Season Forecast…
China's COSCO Shipping Holdings Co Ltd made a loss last year of 9.9 billion yuan ($1.44 billion), the company reported on Thursday, due to both persistently weak freight rates and restructuring costs.Freight shipping firms have been hit…
Plans have been put in motion to develop a new intermodal container terminal on the lower Mississippi River. Designed to service the largest ocean carriers, the new 1,000 acre container terminal will be capable of docking vessels up to 20…
Following another poor year for multipurpose shipping with further erosion of rates making it the worst market in over 10 years, signs of recovery are now evident with momentum expected to build over the next few years, according to the latest…
The world's largest containership, MOL Triumph, was delivered to Mitsui O.S.K. Lines (MOL) from Samsung Heavy Industries on March 27, 2017. MOL's newest vessel, the first of a fleet of six 20,000 TEU-class containerships for the company…
Carriers are integral to the supply chain; shippers should review their options with all ocean carriersCommissioner William P. Doyle of the Federal Maritime Commission issued the following statement today, Agreement to go into effect March 30…
APM Terminals, Pipavav received the inaugural container train from Rail Container Terminal [RCT], Vadodara carrying Glass Materials, Syringes, Led Bulb, flexible intermediate bulk container [FIBC] Jumbo bags, Plastic Articles for export. Operated by Container Corporation of India [CONOCR]…
German container shipping company Hapag-Lloyd expects increased operating earnings this year, it said on Friday, citing a rise in freight rates as market conditions improve. The shipping industry has been grappling with a prolonged downturn…
MacGregor, Rolls-Royce to Study Containership Autonomy A new collaborative research and development initiative will explore the impact of developments in autonomy for cargo ship navigation and cargo systems onboard containerships. The research will be conducted by partners MacGregor…
Commissioner William P. Doyle of the U.S. Federal Maritime Commission (FMC) calls for honoring commitment to shipping public, American businesses and consumers. In mid-December 2016, Maersk Line announced that, together with its 2M Alliance partner Mediterranean Shipping Company (MSC)…
Three new ship-to-shore cranes that were constructed in Ireland were delivered to Crowley Puerto Rico Services’ Isla Grande Terminal in San Juan on Wednesday. The cranes are a key element of the $130 million Crowley is investing in infrastructure improvements to its Isla Grande Terminal…
iContainers, the 100 percent online freight forwarder, says that the new shipping alliances set to come into effect next week will lead to a shortage of options for freight forwarders. Starting April 1st, the previous four alliances will be regrouped to three - THE Alliance…
Maersk Line, the world's biggest container shipping firm and part of Danish conglomerate A.P. Moller-Maersk, has offered concessions to EU antitrust regulators in an attempt to get approval for the takeover of German rival Hamburg Sud. A ruling on the deal…
The Northwest Seaport Alliance, consisting of the ports of Seattle and Tacoma, has recorded an 8 percent year-to-date increase in container cargo through February. International container volumes for the month of February remained steady with a 9…
BG Freight Line, a fully-owned subsidiary of Peel Ports Group, is introducing a new weekly container service between Cork and Liverpool. This is the first time the two ports have been connected directly, with the service starting on Monday 27 March…
