Reefer trades have something of a reputation for volatility both in terms of volumes and freight rates, yet Drewry’s Global Reefer Freight Rate Index has recorded only increases over the last 12 months, even during off-peak seasons. “The recent wave of carrier consolidation…
The Port Authority of Strasbourg (PAS) in France and port operator HAROPA of the Port of Le Havre have inked an agreement regarding four areas of cooperation – in rail, river and sea, innovation, and promotional capabilities, PAS said. 'In the presence of Catherine Trautmann…
Carnival Corporation announced it has signed a shipbuilding contract for a second cruise ship for its P&O Cruises brand with German shipbuilder Meyer Werft GmbH that is scheduled to be delivered in 2022. Similar to a fellow P&O Cruises sister ship due for delivery in 2020…
The Port of Hamilton said it continues to expand its role as a transportation hub for Ontario’s agri-food sector. In 2017, the port handled its highest-ever total of agricultural products. Close to 2.3 million metric tons (MT) of commodities such as Ontario-grown corn…
Connecticut’s largest and most diverse deepwater port complex, the Port of New Haven, moved more than 10 million tons in 2016, ranking the port 53rd in the U.S. in terms of cargo volume. Considered the busiest port between New York and Boston…
The U.S. Coast Guard Captain of the Port of Sector Lake Michigan will close the waters of southern Green Bay Saturday at noon, local, to all navigational traffic for the season.Southern Green Bay is defined as a line extended south from Peshtigo Point to Sherwood Point in the bay of Green Bay.
Sweden’s Dellner Group with its subsidiary Dellner Brakes said it has signed an agreement to acquire German industrial braking manufacturer Pintsch Bubenzer in a deal it hopes will pave the way for the companies’ global expansion. This acquisition…
Subsea 7 S.A. said it was awarded a contract from Statoil for the Johan Castberg field development, located 240 km from Hammerfest in Norway.The contract comprises the design, coating, fabrication and installation of a 53 km rigid flowline including 34 km of pipe-in-pipe flowline…
Maersk Drilling USA is laying off 84 employees who work aboard the Maersk Viking (UDW drillship), located in the Gulf of Mexico, and report directly to the company’s office in Houston, Houston Chronicle reported quoting data sent to the Texas Workforce Commission (TWC)…
Inland Waterways Authority of India (IWAI) will construct Intermodal Terminal at Uttar Pradesh's Ghazipur and will be linked to both National Waterways-I (NW-1) or river Ganga and National Highway-19 - connecting Ghazipur to Patna - and help in movement of cargo…
A cargo of U.S. soybeans shipped to China has become the first fully-fledged agricultural trade conducted using blockchain, participants said on Monday. Louis Dreyfus Co, Shandong Bohi Industry Co, ING, Societe Generale and ABN Amro took part in the trade where the sales contract…
The Baltic Exchange's main sea freight index rose on Wednesday for the third straight session, supported by firmer rates for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels…
International law firm Hill Dickinson has appointed partner Siiri Duddington to join its expanding shipping team. Formerly a partner at Campbell Johnston Clark (CJC), Siiri spent six years at the firm advising on a wide range of dry shipping…
The CMA CGM Group has hired Rajesh Krishnamurthy as group senior vice president IT & transformation, as the French container carrier seeks to further accelerate its digital push. Digitalization is considered an integral piece of CMA CGM’s growth plan…
The new class of post-Panamax (PPX) shipping vessels made an inaugural visit to Florida's Port Canaveral recently.The PPX Ro/Ro vessel MOL’s Brooklands, is the first of its kind to call on Port Canaveral. With a 125-foot beam and capacity to transport over 7…
