China's commerce ministry said on Friday that it may impose additional tariffs on up to $3 billion of U.S. imports in response to U.S. tariffs on Chinese steel and aluminum products.The ministry said it was considering implementing measures in two stages: first…
The biggest cargo shipping company in Israel ZIM Integrated Shipping Services (ZIM) has posted adjusted net profit of $50 million in 2017, compared to adjusted net loss of $150 million in 2016. The net Profit was $11 million, compared to…
Digitization without integration in the world of global shipping is a sure recipe for failure. While most shipping companies would say that they have embraced the digital world, there are differing degrees of digitization. Some companies…
The ocean freight industry has seen several major incidents over the past few weeks, including two fires on board two separate Maersk vessels, and a containership collision in Karachi Port that forced the temporary closure of the port. These…
The first of Georgia Ports Authority's four new Neo-Panamax cranes came online this week, bringing GPA's operating fleet to 27 - more than any other single terminal in the nation.'Georgia's ports are dedicated to staying a step ahead of market demand…
Hiab, part of Cargotec, has launched an innovative new product to handle containers safely and efficiently in locations where no infrastructure exists to load or unload containers from a truck. Originally developed for the logistics needs of governmental organisations…
The biggest cargo shipping company in Israel ZIM Integrated Shipping Services (ZIM) upgrades ZIM Container Service Pacific (ZCP) and Introduces a New Service (CFX) Connecting Jamaica, Florida & Canada. 'ZIM is pleased to announce a change…
South Carolina Ports Authority reported a fiscal year-to-date container volume record of over 1.4 million twenty-foot equivalent container units (TEU) handled since July. SCPA moved 168,480 TEUs during the month of February, which drove a fiscal year-over-year container volume increase of 1…
At a ceremony held earlier in March, officials celebrated the beginning of construction on the Charleston Harbor Deepening Project to 52 feet. 'It is a monumental accomplishment to begin construction on the Charleston Deepening Project,…
Dubai ports operator DP World will build and manage a new deepwater port on Democratic Republic of Congo's Atlantic coast, the Central African country's transportation minister said on Wednesday. Jose Makila told reporters that DP World…
A new short-sea container service between Amsterdam and Hull will be formally inaugurated today (21 March 2018) with the first call of the 340-TEU vessel THEA II at Amsterdam Container Terminal (ACT).The new service, operated by leading short sea container operator Samskip…
Danish shipping group A.P. Moller-Maersk said on Tuesday its chief financial officer has decided to leave the company after only 16 months in the role. The departure of Jakob Strausholm, who took the role as chief finance, strategy and transformation officer in December 2016…
The Northwest Seaport Alliance said a late Lunar New Year positively impacted its February volumes as shippers moved cargo in advance of the holiday. Total container volumes grew 6 percent in February 2018 compared to February 2017 for a total of 279…
Maersk's shares down 4 pct at lowest level since November 2016. The company says CFO Jakob Strausholm has decided to leave the company after only 16 months in the role. His departure comes after Maersk decided to separate the finance role from its IT and digital transformation function…
Bharat Mumbai Container Terminals Private Limited (BMCT) continued to improve connectivity and ease of doing business for JNPT (Jawaharlal Nehru Port Trust) users with its first barge and train volumes last week. A 90-TEU (twenty-foot equivalent…
