China's foreign minister on Wednesday took a swipe at the United States' trade policy and defended international free trade on the basis of World Trade Organisation regulations. 'Trade unilateralism goes against the current of history,'…
‘Who are the crew?’ and ‘what are wages?’ are just some of the areas of marine claims ‘shaded in grey’ says chairman of the Association of Average Adjusters Willum RichardsInsurance market leaders have been urged to apply their policy-reforming…
The Ports of Indiana set a record for first quarter shipments in 2018, handling 3.2 million tons at all three ports. The Port of Indiana-Mount Vernon drove this success by setting a record for the highest first quarter volume ever recorded at any of the state's three ports…
CMA CGM welcomed, on Tuesday May 15, the Indonesian President, His Excellency Joko Widodo, on the occasion of his visit to the port of Jakarta (JICT). President Widodo was accompanied by the Minister of Industry, Mr. Airlangga Hartarto, the Minister of Trade…
Kalmar, part of Cargotec, concluded a deal with Riau Andalan Pulp & Paper (RAPP) to supply three Kalmar SmartPower rubber-tyred gantry cranes (RTGs) for its container yard at the Port of Buatan in Indonesia. The order was booked in Cargotec's…
The world's No. 2 container shipping line MSC said on Wednesday it would stop taking new bookings for Iran due to the decision by the United States to re-impose sanctions on Tehran after withdrawing from the international nuclear deal. In a note to clients…
April 2018 was the Port of Oakland’s best month ever for imports in its 90-year history. The 75,369 TEUs loaded imports volume bested the previous record of 75,243 set in April 2006.The port’s total cargo volume is up 2.9 percent over the same period a year ago…
The 2.5 million twenty-foot equivalent units moved by the Port of Long Beach in the first four months of 2018 is more than 17 percent above last year’s record pace.In April, Long Beach dockworkers handled 618,438 twenty-foot equivalent units (TEUs)…
Drewry says that recovering demand recovery in the North America-East Coast South America box trades provides encouragement, but local political conditions bear watching. Elsewhere, reports that Maersk and MSC are reviewing their Iran operations…
Since the beginning of the year the Port of Hamburg has offered an optimized service portfolio for handling ultra-heavy loads. With an unit load capacity of 600 tons, ‘Enak’ is the most powerful salvage/floating crane in Germany. This heavyweight was formerly stationed in Bremerhaven…
Israeli dockworkers on Sunday ended a three-day strike that had shut down the country's two main seaports after a court ordered them back to work.Officials at the Mediterranean ports of Ashdod and Haifa said operations had resumed and that cargo ships were once again being unloaded…
ZIM Integrated Shipping Services Ltd. announced that Xavier Destriau will take over as the company’s new CFO, effective June 15, 2018. He will replace Acting CFO, Yohai Benita, who has completed his position at ZIM.Destriau has worked at CMA…
German container shipping line Hapag-Lloyd reported a higher net profit and operating result in the first quarter of 2018 on Monday, citing better transport volumes, but said earnings improvements would mostly be made in the second half.'We have had a solid start into the current year…
The world's top two container shipping groups Maersk Line and MSC are reviewing their Iran operations after the United States withdrawal from the international nuclear agreement with Tehran.The 2015 agreement, worked out by the United States…
The Port of Los Angeles reports it processed 705,536 twenty-foot equivalent units (TEUs) in April, a dip of 1.3 percent compared to last April’s record of 714,755 TEUs.April 2018 imports dropped 2.9 percent to 361,108 TEUs compared to the previous year…
