Cavotec reports it has won a shore power order valued at €15.7 million from a major global container shipping line. Deliveries are scheduled to start in the fourth quarter of 2022 and continue throughout 2023 and 2024.Cavotec is to supply its…
In contrast to spot rates on the Far East to North Europe trade which have fallen by more than USD 3,600 per FEU [Forty-Foot-Equivalent-Unit ] since the start of the year, those to the Mediterranean have seen a much smaller decline, falling by just USD 850 per FEU…
ZIM Integrated Shipping Services (NYSE: ZIM) announced today that as of mid-May 2022, the transatlantic ZIM Container Turkey service (ZCT) will become a weekly service, providing an enhanced connection between Turkey and the US East Coast.ZCT…
Container volume at Port Houston in March totaled 308,557 Twenty-Foot Equivalent Units (TEUs). That brings the total for just the first three months of 2022 to 903,383 TEUs, an increase of 20% year-to-date over last year’s record year.“Port…
Russia is bracing for a sharp decline in cargo flows and a deficit of containers after major international container shipping lines halted operations in the country due to Moscow’s military campaign in Ukraine, two Russian executives said.The world’s three largest container shipping lines…
South Carolina Ports reported an all-time container record in March, marking the 13th consecutive month of cargo records at the Port of Charleston.“As we continue to handle record volumes on our terminals, SC Ports is working alongside our maritime…
The Port of Los Angeles has completed construction of the $65 million Everport Terminal Improvement Project located at Berths 226-236 along the Los Angeles Main Channel.The project allows Everport to improve the container-handling efficiency…
Israeli shipping company ZIM Integrated Shipping Services (NYSE: ZIM) on Wednesday announced a new charter transaction with a group of investors initiated by MPC Capital AG, according to which ZIM will charter a total of up to six 5,500 TEU…
Singapore-based container shipping company Ocean Network Express (ONE) announced it is expanding its refrigerated container (reefer) fleet by adding another 6,500 new units (including 500 units equipped with advanced Controlled Atmosphere (CA)…
Port of Oakland import business continues to grow though export recovery has yet to take off. The port said Friday that import cargo volume increased 6.3% in February 2022 compared to February 2021. Exports declined 10.3% over the same period…
The queues of container ships outside major Chinese ports are lengthening by the day as COVID-19 outbreaks in manufacturing export hubs threaten to unleash a fresh wave of global supply chain shocks, ship owners, logistics firms and analysts say…
The White House on Tuesday unveiled a new pilot effort to help clear supply chain bottlenecks at congested U.S. ports by getting truckers, shippers, wholesalers, retailers and other businesses to share information.U.S. Transportation Secretary…
Shipping group Maersk still has vessels calling at Russian ports to deliver containers booked before the invasion of Ukraine began and to pick up around 50,000 containers stranded in Russia, Chief Executive Soren Skou said on Tuesday.The company…
Russia's shipping trade has plummeted since Moscow's Feb. 24 invasion of Ukraine and Western sanctions push many foreign companies to suspend sailings, adding further pressure on the country's economy, according to freight data.The world's biggest foreign container lines—including the top three MSC…
Shipping and logistics group Maersk will sharply curtail its transport of goods to Belarus to comply with sanctions over Russia's invasion of Ukraine, it said on Friday.'Only bookings for foodstuff, medicines and humanitarian supplies (except dual use) will be accepted after extensive screening…
