The In-transit cold treatment program, that is! The dimensions of The Program are remarkable. The Reefer Shipping Market and Forecast 2017/18 produced by Drewry calculated that 79 percent of perishable cargo moved in refrigerated containers in 2016 and only 21 percent on reefer ships…
As the Port of Long Beach Starts Year-long Freight and electric vehicle (EV) testing, Kalmar’s newest workhorse – the Kalmar Ottawa Electric terminal tractor, T2E – will be doing some of the heavy lifting. As California presses on with state-wide transportation electrification (TE)…
With the industry hoping for better “grades” after the “effort” of recent years, this week’s Analysis updates our half year shipping report showing a ClarkSea Index up 9% y-o-y but still below trend since the financial crisis (see Graph of the Week)…
Greg Tuthill has been named Chief Commercial Officer of SeaCube Container Leasing Ltd., one of the largest global container leasing companies in the world.Brought on board to drive strategic global growth, Tuthill will lead SeaCube’s global sales…
China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods.China's commerce ministry said…
Container equipment rental rates and cash investment returns remain weak, despite last year’s recovery. But an earlier rise in container prices which lifted values to their highest level in five years will continue to put a dampener on returns…
Diana Containerships announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with CMA CGM, Marseille, for one of its Panamax container vessels, the m/v Domingo. The global…
CMA CGM America has appointed Tim Haas as its new Chief Operations Officer.Haas leads CMA CGM’s U.S. Operations team from its headquarters in Norfolk, Va. He began on June 25, 2018, and he reports to the Ludovic Renou, President of CMA CGM America…
PEIR, a new app that helps the transportation logistics and shipping industries better assign costs based on responsibility for damaged shipping containers and trailers, has announced the hiring of Dr. Aaron Bryden as Chief Technology Officer…
German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to slash full year earnings forecasts last month, its chief executive told shareholders on Tuesday.'Major cost positions have risen more than initially expected and are pressuring operating margins…
The chief executive of German container shipping liner Hapag-Lloyd said he was not aware of major merger activities in the sector a day after a Reuters report said his company had been approached by French rival CMA CGM.'We do not see major takeovers in the industry…
Increasing consumer demand and rising retail sales are driving record imports at the United States’ major retail container ports this month despite new tariffs on goods from China, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates…
The world's no. 3 container shipping line CMA CGM of France has made an exploratory approach to German rival Hapag-Lloyd over a possible merger as players in the sector hunt for tie-ups to beat depressed conditions, finance sources say.Three finance sources with knowledge of the matter…
You might call 2017 a banner year for California ports. San Pedro Bay, home to the nation's leading twin ports of Los Angeles and Long Beach exceeded their pre-recession peaks. Collectively, San Pedro Bay was up 7.2% from its 2006 peak. It took…
The Australian port solution provider Qube Ports will shortly receive its eighth mobile harbour crane from Liebherr. Now they also placed an order for their ninth LHM. Qube, the giant Australian logistics supplier with services and facilities in 28 Australian ports…
