China's exports surged more than expected in July despite U.S. duties and its closely watched surplus with the United States remained near record highs, as the world's two major economic powers ramp up a bitter dispute that some fear could derail global growth…
Danish shipping company A.P. Moller-Maersk slashed its 2018 earnings forecast on Tuesday due to weak second-quarter freight rates and higher prices for bunker fuel, although the downgrade was smaller than feared, analysts said.The world's biggest…
DP World, one of the world's largest port operators, said on Tuesday it had acquired 100 percent of Unifeeder Group, a Danish logistics company, for 660 million euros ($762.6 million).The acquisition from Nordic Capital Fund VIII and certain…
Ocean Network Express East Asia (ONE EA) has celebrated the maiden voyage of the second of a series of seven 14,000 TEU-class magenta containership of the company, ONE MINATO at Yantian International Container Terminals Limited (YICT).Sailed under the flag of Japan…
GAC Dubai has been awarded the ISO 13485:2016 Medical Devices Management System certification, demonstrating its ability to provide quality warehousing, distribution and value-added services of medical devices that meet the high standards of the sector and the regulations that govern it…
On-premise vessel stowage software StowMan takes feeder liners and logistics providers to the next level of vessel stowage planning. Navis, the leading provider of vessel stowage planning solutions, announced that in the first half-year 2018 five feeder liners…
The medium term outlook for global container port demand growth is positive thanks to strong underlying economic momentum across the world’s major economies. While there may be clouds on the horizon in the form of tariff and trade war fears…
China said on Wednesday that 'blackmail' wouldn't work and that it would hit back if the United States takes further steps hindering trade, as the Trump administration considers slapping a 25 percent tariff on $200 billion worth of Chinese goods…
China State Shipbuilding Corporation (CSSC) has commenced construction of CMA CGM’s 22,000 TEU boxships, which would make them the largest container vessels in the world, reported China's official media.The two are among nine 22,000 TEU vessels…
Sixty-one young men and women will be starting their three-year apprenticeship at Hapag-Lloyd tomorrow. While some of them will spend the lion’s share of this time on container ships, the on-shore apprentices will cycle through various national and international departments…
Crowley Maritime Corp.’s new container/roll on-roll off (ConRo) ship El Coquí delivered its first cargo from Jacksonville, Fla., to the company’s Isla Grande Terminal in San Juan yesterday – a milestone in the company’s transformation of its U…
Al Sharqi Shipping recognized as a top customer for Maersk LineAl Sharqi Shipping announced it has received Maersk's Platinum award for the year 2017. This marked the company's sixth consecutive award with Maersk Line.The award was presented by Jyoti Tahiliani…
After starting a new waterway container service between Dunkirk and Valenciennes in May this year, Nord Ports Shuttle (NPS) is gearing up for a significant increase in its transport capacity on the Dunkirk to Dourges line.This initiative is…
In a continued effort to provide our customers with reliable and efficient service, CMA CGM Group will upgrade its service offering connection India and Middle East to East Africa., said press release from the company.Starting 17th August 2018…
Diana Containerships reported a net loss of $42.3 million for the second quarter of 2018, compared to net income of $36.5 million for the same period of 2017. The loss for the second quarter of 2018 includes $15.6 million of impairment charges of one vessel and $19…
