Container shipping group CMA CGM said on Friday shipping activity remained strong in the final quarter of 2020 after a rebound from initial coronavirus-related disruption boosted the French company's third-quarter profits.CMA CGM, the world's fourth-largest container shipping line…
Record cargo imports are causing delays that are rippling from the nation’s busiest U.S. port complex to other parts of the transportation network, port officials and other executives said.Total volume at the Port of Los Angeles hit 980,729 20-foot equivalent units (TEU) in October…
Global container shipping rates have surged to records on a spike in restocking demand in the United States and Europe, container scarcity at export hubs, and changes in freight flows because of the coronavirus pandemic, shipping sources said…
The Port of Oakland said Wednesday that its October imports grew 10.4% compared to October 2019. The port also said containerized export volume was down 0.5% when compared to October 2019. Total TEUs for October were 216,686, up 5.8% compared to October 2019 when TEUs were 204…
Shipping group Maersk said on Wednesday it is confident about the outlook for shipping beyond 2020 as a second wave of coronavirus infections has only had a limited impact on global freight volumes.Maersk, the world’s biggest container shipping line…
Shipping group Maersk has raised its full-year earnings forecast, it said on Tuesday, citing increased momentum in fourth-quarter in global container volumes and freight rates.The company now expects earnings before interest, tax, depreciation…
Red Sea Gateway Terminal (RSGT) has taken delivery of two remote-controlled Ship-to-Shore (STS) cranes, and 10 hybrid-Rubber-Tyred Gantry Cranes (RTGs), as part of its expansion of Jeddah Port's premier facility to double annual container throughput capacity to 5…
German container liner Hapag-Lloyd AG is confident of achieving higher earnings in 2020 as lower fuel prices cut shipping costs, demand in Asia recovers and fleet capacity is tight, chief executive Rolf Habben Jansen said on Friday.'Oil prices have fallen sharply in the coronavirus crisis…
The world’s largest containership powered by liquefied natural gas (LNG) began its first gas bunkering operation in Rotterdam on Thursday, French shipping company the CMA CGM Group said.The CMA CGM Jacques Saadé, which has an 18,600 cubic meter tank…
Container shipping group CMA CGM will expand its use of liquified natural gas (LNG) to 26 vessels, it said on Thursday, as part of efforts to reduce pollution in ocean shipping.After announcing three years ago that it would adopt LNG, French…
Maritime and offshore specialist IT firm SRO Solutions is launching a new partnership with international inspection agency SGS and maritime digitization specialist NautilusLog to help shipowners meet this year’s Inventory of Hazardous Materials (IHM) deadline…
Singapore-based container line Ocean Network Express (ONE) is to launch a new weekly Europe - West Africa Service (EWX) commencing in February 2021.ONE said the port rotation is subject to change, but is currently planned as follows: Hamburg…
Thailand’s exports may drop by 7% this year, an improvement on the 8-10% drop projected earlier and helped by a gradual recovery in global demand, but a strong baht remains a concern, the Thai shipping association said on Tuesday.“After a positive surprise in September’s shipments…
The Yang Ming Warranty sailed into the Port of Wilmington on Monday with a carrying capacity of 14,220 TEUs (twenty-foot equivalent unit), setting a new record for the North Carolina State Ports Authority.“North Carolina Ports continues to prove it is an attractive global gateway for shippers…
Surging shipments into the United States are fueling record high freight costs and logjams at seaports, but transportation executives say the rally will lose steam with a second wave of COVID-19 restrictions on the cards.Container shipping companies…
