The year 2021 has started in much the same way as 2020 ended for U.S. container imports; import volumes are still surging. As per usual seasonality, volumes came down a little in January and February, though this year the drop wasn’t as steep as usual…
Asia's first ship-to-containership liquefied natural gas (LNG) bunkering operation was undertaken in Singapore on Wednesday as vessel owner and operators continue to turn to the cleaner burning fuel to reduce their emissions and Singapore ramps up its efforts to become an LNG bunkering hub…
German container shipper Hapag-Lloyd said on Thursday it almost tripled its net result in 2020 due to lower costs and higher freight rates, but shied away from specifying 2021 results due to uncertainty in the coronavirus crisis.The net result in 2020 amounted to 935 million euros ($1…
Ports operator DP World gave an optimistic outlook for 2021 on Thursday, citing pent-up demand for cargo and an easing of geopolitical tensions after the change of U.S. administration.Sultan Ahmed bin Sulayem, who is chairman and chief executive of the Dubai state-owned global ports operator…
German container shipping company Hapag-Lloyd announced Wednesday it has reached a deal to acquire NileDutch, based in the Netherlands, strengthening Hapag-Lloyd's position in the African market.The sale and purchase agreement will see Hapag-Lloyd acquire all shares of Nile Dutch Investments B…
Port Houston reported a dip in container volumes for the month of February after a severe winter storm shut port facilities for nearly a week, bringing cargo movements to a virtual standstill.The lethal storm and impact of sub-freezing temperatures…
Container shipping group CMA CGM said on Friday that it expected activity to remain strong in the first half of this year after brisk demand for consumer goods boosted its profits at the end of last year.France-based CMA CGM said its fourth-quarter earnings before interest…
DNV granted an Approval in Principle (AIP) to Hyundai Mipo Dockyard (HMD) for a new design of intra-Europe 1,900 TEU feeder containerships. The AIP is the result of a joint development project between DNV and HMD to develop an efficient and…
Logimatic said it has signed a contract with Hapag-Lloyd that will see the German shipping company replace several existing fleet management systems with SERTICA.As part of its digital transformation and centralization efforts, Hapag-Lloyd will implement SERTICA on more than 70 containerships…
Container shipping line CMA CGM is to expand its fleet of natural gas-powered vessels to cover the busy trans-Pacific route between China and the United States as part of a push to use the fuel to reduce pollution, the group said on Thursday…
Customs authorities in Hamburg and Antwerp have seized a record haul of more than 23 tonnes of cocaine destined for the Netherlands in two raids this month, Dutch prosecutors said on Wednesday.The two shipments together represented a street value of roughly 600 million euros ($730 million)…
Containerized cargo volume declined at the Port of Oakland in January, the result of spreading supply chain congestion, though the port said it expects greater volume in the coming months when the logjam breaks.The port said Tuesday that import volume dropped 11…
Shipping group Maersk said on Tuesday it was among a group of companies backing a plan to build Europe's largest green ammonia plant in Denmark as part of its ambition to shift to carbon-neutral ship fuel.The project, led by fund management firm Copenhagen Infrastructure Partners (CIP)…
Container activity at Port Houston remained solid in January, easily surpassing the 250,000-unit mark and setting the stage for a strong 2021 if that pace continues.The number of containers handled in January 2021 was the second-highest January on record…
Swire Shipping officially opened its Lae office on February 19, 2021, strengthening its commitment to customers and communities in Papua New Guinea (PNG) and the region. The new office will provide customers and partners with easy access to the Lae Port which is less than a kilometer away…
