The Port of Long Beach closed out the 2018 fiscal year having handled 8,000,929 twenty-foot equivalent units (TEUs) during the previous 12 months, the most ever, representing a 10.7 percent increase over fiscal year 2017. The port's fiscal year is October 1 to September 30…
AP Moller - Maersk has launched India-focused OceanPro, a 120-day accelerator program to give shipping and logistics startups an opportunity to partner with Maersk to bring innovative technology solutions to ease the global supply chain for…
German container shipping giant Hapag-Lloyd said on Monday it is preparing customers for a mechanism to charge more for cleaner fuel starting next year to comply with tighter environmental rules.The Hamburg-based firm said on Monday that it…
A gloomier world economic outlook and rising trade tensions have forced Drewry to downgrade its forecast for container demand over the next five years, according to the global shipping consultancy’s latest edition of the Container Forecaster…
Traffic flows between the Belgian port of Antwerp and the hinterland market in Hungary and Austria are increasing continuously. In order to meet the growing demand, the Antwerp Port Authority is promoting the expansion of hinterland connections…
International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by 1.3% in 2017. This compares with the 1.1% average fall in costs recorded for 2016. For the third successive year…
South Korea's largest shipping line Hyundai Merchant Marine (HMM) said it will invest 3.153 trillion won ($2.84 billion) for 20 new large containerships to be delivered by June 2021.In June this year, the company signed letters of intent for…
World trade growth is likely to be slower than previously thought in 2018 and 2019, although the direct economic effects of a trade war that has blown up this year have been modest so far, the World Trade Organization said on Thursday.The WTO forecast world trade in goods would grow by 3…
The Jacksonville Port Authority (JAXPORT) moved nearly 115,700 twenty-foot equivalent units (TEU) in August. The port’s record monthly container volume beat its previous best of 115,300 TEU set in December 2017.JAXPORT said its container volumes are up 20 percent year–to–date in fiscal year 2018…
MacGregor, part of Cargotec, has secured orders from Hyundai Mipo Dockyard (HMD), in South Korea, to design and deliver complete hatch cover sets and container fixed fittings for eight 1,800 TEU container ships. The order is booked into Cargotec's third quarter 2018 order intake…
Shipping confidence dipped very slightly in the three months to end-August 2018, according to the latest Confidence Survey from international accountant and shipping adviser Moore Stephens. Moore Stephens' Richard Greiner weighs in:The average confidence level expressed by respondents was down to 6…
Container shipping group CMA CGM said it estimates the cost for it to comply with a new global low-sulphur shipping fuel regulation at around $160 per TEU, or standard container, at current conditions.In a statement on Monday, the French firm…
Global Ship Lease announced a new time charter with Maersk Line for the 2004-built, 8,063 TEU containership OOCL Ningbo, which has been renamed GSL Ningbo, following her redelivery by OOCL on September 17, 2018.The containership charter owner…
A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product, the Danish shipping giant announced on Wednesday, as it seeks to offer customers the chance to deal with one firm when shipping goods across the world…
As first reported in the JULY / AUGUST edition of Maritime Logistics Professional magazine, Gulftainer through its subsidiary GT USA, Wilmington had inked a tentative deal with the State of Delaware which would grant GT USA, Wilmington exclusive rights to operate and develop the Port of Wilmington…
