Crowley Logistics has added 222 new refrigerated (reefer) cargo containers to its industry-leading equipment fleet to ensure equipment availability at origin for perishables moving through the cold chain. These units are in addition to 300 new reefers received in January of this year…
Taiwan-based shipping company Evergreen Line recently added 2,000 Carrier Transicold PrimeLINE units to its refrigerated container fleet.“Carrier Transicold’s 18-year relationship with Evergreen Line continues to grow, as evident in our units…
India's merchandise exports shrank by more than one-third from a year ago, dragged down by a fall in global demand and shipments due to the outbreak of coronavirus, the Trade Ministry said in a statement said on Wednesday.Merchandise exports fell to $21…
The Alabama Port Authority completed its 400-foot container dock extension at the APM Terminals Mobile facility on March 20, and three days later, the terminal for the first time simultaneously handled two containerships at the newly expanded berth…
Egypt's Suez Canal Zone and its Suez Canal Container Terminal (SCCT) announced an agreement on Tuesday committing to $50 million of investments that they said would help boost competitiveness at Port Said East port.SCCT opened in 2004 and is operated by majority shareholder APM Terminals…
The pandemic has brought about sudden changes for cargo transportation, impacting shippers and transport companies around the world and potentially increasing the risk environment, particularly for high-value and temperature-sensitive goods…
As the COVID-19 pandemic affects all sectors of the world economy, the CMA CGM Group is taking action by launching the Business Continuity Pack, a range of solutions to adapt and protect the supply chains of its customers.Business Continuity…
Work is underway to retrieve dozens of containers lost from a containership off the coast of Australia, with the first boxes raised to the surface this week. The first container was recovered from the seafloor on Monday using a hydraulic crane and rigging…
March imports dropped 26% at the Port of Los Angeles and 5% at the adjacent Port of Long Beach - the busiest U.S. sea trade gateways - as the novel coronavirus wrecked havoc on commerce around the globe.Imports at major U.S. retail container…
The coronavirus outbreak has affected all aspects of the shipping industry, lowering, if not wiping out, demand growth prospects for the year across all segments. The outbreak has also affected fleet development, says shipping association BIMCO…
Brazilian producers of tropical fruits including mangoes and papayas have been hit by falling European demand amid coronavirus and feel burnt after excessively relying on EU sales, lobby group Abrafrutas told Reuters on Monday.Europe was the…
What might not be so obvious in this COVID-19 environment, which we have grown to associate with shortages, is that counterintuitively there are issues beginning to appear dealing with the opposite situation. The Journal of Commerce has reported…
While the implications of COVID-19 for containership demand and freight rates are directionally clear, the time charter market often marches to its own drum.The latest Container Shipping Forecaster from Maritime Strategies International analyzes…
Container shipping companies Ocean Network Express (ONE), Maersk and MSC will suspend their jointly operated China Australia service (CAE) until at least the second quarter of 2020 due to the COVID-19 pandemic.The last CAE sailing before the suspension will be scheduled to depart Xiamen April 22…
The Port of Liverpool’s deep-water container terminal has broken a new terminal record after the MSC Federica docked and exchanged 5,452 TEUs.The vessel is part of MSC’s Turkey Canada service which has seen remarkable success and includes calls at Montreal…
