Global trade enabler DP World has signed a Memorandum of Understanding (MoU) with US-based Hyperloop One to explore the role of innovation in the future of world trade. The collaboration is for feasibility studies that analyse the value of using Hyperloop systems in the UAE…
The Northwest Seaport Alliance said it will reimburse up to $2 million to extend gate hours at its international container terminals during peak season. With a 3 to 5 percent increase in cargo volume forecasted during peak season, which…
First-half seaborne cargo throughput of 70.2 million tons reflected stabilization of the trend for the Port of Hamburg. At the same time, a steep increase occurred in freight transport by rail to/from the Port of Hamburg. At 70.2 million tons…
Port Bronka, the new deepwater port in St. Petersburg, was opened by mid of December 2015. Regular services started by January 2016. Meanwhile, the port offers a wide range of maritime logistics services including container- , RoRo- and general…
July imports at the Port of Los Angeles climbed 5 percent compared to the previous year. Overall cargo volumes in July slipped 1.6%, mostly due to a decline in the shipment of empty containers. For the first seven months of 2016, year-to-date volumes have increased 4…
In the first half of 2016 the Rickmers Group generated consolidated revenues of €249.3 million ($279 mln), 13.9 percent lower than in the corresponding period in 2015 (€289.6 million, $324 mln). The main underlying factors are the persistently strained market situation…
Terex Port Solutions (TPS) is supplying a diesel-electric Terex Gottwald Model 2 mobile harbour crane in the G HMK 2304 two-rope variant and a Terex Stackace E 6-8 empty container handler to the Belgian river port of Liège. The two cargo-handling…
Before the Olympic flame was lit in the Maracanã stadium on Saturday, August 6, worldwide shipping group CMA CGM had transported thousands of containers of goods and equipment to Rio, having begun its shipments for the 2016 Olympic Games in December 2015…
Kalmar has received orders for seven top loaders from Crowley Liner Services for operation in Jacksonville and Port Everglades, Florida, and eight reachstackers from Crowley Puerto Rico Services for operation in San Juan, Puerto Rico. The orders…
INTTRA, the world's ocean shipping electronic marketplace, has announced a 17 percent increase in container volume for the first half of 2016 over the same period in 2015 as the number of container orders on its core transaction platform grew to record levels…
Will there be a layoffs after United Arab Shipping Co (UASC) merging with the German container shipper Hapag-Lloyd? Middle Eastern enterprise UASC expects most of the tie-up’s $400 million cost savings to come from operations rather than layoffs…
Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports industry towards a value sector from growth sector, albeit still highly profitable, according to the Global Container Terminal…
Samskip recently added 200 brand new 40ft high cube reefer containers to its fleet, further enhancing its capability to ship temperature-controlled or perishable goods between the North Atlantic and the rest of the world. Equipped with the…
Diana Containerships Inc. (NASDAQ: DCIX) reported a net loss of $8 million for the second quarter of 2016, compared to a net income of $0.9 million for the respective period of 2015. Time charter revenues, net of prepaid charter revenue amortization…
Global trade enabler DP World and the state run Taiwan International Ports Corporation (TIPC), have signed a Memorandum of Understanding (MoU) for the development of Kaohsiung Port’s Terminal 7 in Taiwan. The agreement marks the beginning…
