More than 100 rescued migrants from private cargo ship Alexander Maersk, picked up off the coast of southern Italy on Friday, arrived in the southern port of Pozzallo in Sicily on Tuesday. The new Italian government has closed its ports to ships operated by charities in the Mediterranean…
France's CGT union says it is calling on port workers across the country to down tools on June 28 and join a protest against the policies of the government. Thursday's action coincides with the end of three months of rolling train strikes…
South Carolina Ports Authority president and CEO Jim Newsome has issued the following statement on the proposed new chassis pool structure to be known as the Southern States Chassis Pool: “The South Atlantic Chassis Pool was formed in 2006…
Mr. Jacques R. Saade, founding president of the CMA CGM Group, died on June 24, 2018 at the age of 81, according to the company. Jacques R. Saadé dedicated his life to CMA CGM. An extraordinary visionary and entrepreneur, he made the group…
Today, the South Carolina Ports Authority Board of Directors adopted a 2019 fiscal year financial plan that includes five percent pier container growth, $280.8 million in operating revenues, $42.9 million in operating earnings, and capital expenditures of $277…
May imports at the Northwest Seaport Alliance of Seattle and Tacoma reached their highest level since 2010 this year.At 131,067 TEUs (20-foot equivalent units), import volumes were 0.7 percent above last May's total.Export volumes of 114,227 TEUs marked a 11…
French-based CMA CGM, one of the world's largest container shipping firms, has agreed to acquire Finland's Containerships from Container Finance Ltd Oy.Terms of the deal, which is expected to close in three to six months, were not disclosed…
Denmark's A.P. Moller-Maersk has chosen Carolina Dybeck Happe as its new Chief Finance Officer, it said on Wednesday.Happe will take the position at a time where Maersk is undergoing a strategic transformation from a broader conglomerate including an oil business to a more focused shipping company…
The logistics surrounding the Port of Rotterdam are daunting. Eight deep sea terminals; 600 barges with 150 different owners; some 150,000 shippers from across Belgium, the Netherlands and Germany all relying on the port. The result is a fragmented…
China and the United States sank into a deepening trade conflict that roiled financial markets Tuesday after U.S. President Donald Trump threatened to impose tariffs on an additional $200 billion of Chinese products, prompting Beijing to accuse Washington of starting a trade war…
Global Ship Lease, a containership charter owner, announced that the Company has taken delivery of a 2005-built, 2,800 TEU containership, now named GSL Valerie. Shortly after delivery, and as agreed at the time the Company contracted to purchase the vessel…
India’s Krishnapatnam Port Company Limited (KPCL), in an industry first initiative, announced the installation of ‘Rapiscan Eagle P 60 (“Eagle P60’)’ a drive through X Ray Container Scanner & Radiation Portal Monitors. Besides increasing security and safety of the port…
Monaco-based container ship company Navios Maritime Containers has filed with the SEC to raise up to $100 million in an initial public offering. The information of IPO was originally provided by the IPO investment manager Renaissance Capital…
China will impose additional 25 percent tariffs on 659 U.S. goods worth $50 billion in response to the U.S. announcement that it will levy tariffs on Chinese imports, the Chinese commerce ministry said.Tariffs on $34 billion of U.S. goods including…
President Donald Trump on Friday announced that the United States will implement a 25 percent tariff on $50 billion of goods from China related to intellectual property and technology, and pledged to impose further levies if the Asian nation takes retaliatory measures…
