The Valencia Containerized Freight Index (VCFI) exceeds 2,000 points with a growth in April of 17.39%The Valencia Containerized Freight Index (VCFI) continues its upward trend, reaching 2,314.89 points in April, an increase of 17.39% over the previous month…
DCT Gdańsk S.A. has started a prequalification process to tender for the Baltic Hub 3 Project. DCT invites firms and joint ventures to prequalify to tender for Baltic Hub 3 General Contractor. The project in-cludes:Site establishment and demolition of existing disused Terminal T1 marine structures…
China extended its impressive trade performance in April, with exports unexpectedly accelerating and import growth hitting a decade high, in a boost to the world’s second-largest economy.A brisk U.S. economic recovery and stalled factory production…
Aberdeen Harbour Board has awarded two new contracts for the construction of the South Breakwater and Crown Wall, with a total value of £60 million (USD 83,5 million)Dutch marine and offshore contractor Van Oord will act as the principal contractor for the 550-meter-long South Breakwater…
The Baltic exchange's main sea freight index dropped from an 11-year peak on Thursday, breaking its 15-session winning steak, weighed down by lower rates for the larger capesize segment.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
Dubai's DP World said on Thursday it had signed a preliminary agreement with Ethiopia's transport ministry to co-develop logistics infrastructure in the East African state along a trade corridor connected to Somali semi-autonomous region Somaliland…
Brazil's unit of U.S.-based grain trader Bunge announced on Thursday a partnership with logistics and technology provider Target for creation of a company focusing on the hiring of road freight digitally.The company will be called Vector, and…
Multimodal logistics company Samskip said it has added 1,100 containers to its fleet over recent months, further enhancing its capability to ship high value, temperature-controlled and perishable goods across the European markets and the rest of the world…
Finnish shipping company Finnlines has appointed Tom Pippingsköld as vice president and deputy CEO. In this new position Pippingsköld serves as the deputy to the president and CEO.Pippingsköld has been CFO of the ro-ro and passenger shipping operator since October 1…
Brazil's iron ore export revenues are set to surge 60% this year and displace soybeans as the country's number one source of foreign exchange earnings for the first time in six years, Brazil's Foreign Trade Association (AEB) said on Tuesday…
French carrier CMA CGM announced the reshuffling of its standalone EMED EXPRESS 2 – Intra Levant service set up, connecting Lebanon, Syria, Egypt and South Turkey effective as from mid May. The service will be extended to Iskenderun, Mersin and Damietta…
Argentina's Parana River, the grains superhighway that takes soy and corn from the Pampas farm belt to the world, has gotten so shallow that it has started 'trimming' international shipments just as the country's export season gets underway…
One of the United States' top oil export ports said it plans to build infrastructure for bunkering vessels fueled by liquefied natural gas (LNG).The Port of Corpus Christi Authority said it inked a memorandum of understanding (MOU) with Stabilis…
Denmark's Maersk said on Wednesday it expected its 'exceptionally strong' performance in the first quarter to continue for the rest of the year, driven by high demand for shipping containers from China to the United States.Maersk, which handles about one in five containers shipped worldwide…
Record high US seaborne exports of coarse grains in March of 9.2 million tonnes took total Q1 exports to 21.3 million tonnes. This is the highest ever first quarter on record and a 120% increase from Q1 2020.Of the total 21.3m tonnes exported so far this year…
