German container liner Hapag-Lloyd will make more investments in vessel capacity this year to grow in line with the global market, where it is the number five operator, Chief Finance Officer Mark Frese told analysts on Wednesday.Apart from the unspecified further investments in containers…
Union workers at Brazil's Santos port on Tuesday delayed a possible strike until next month, amid demands to know how soon they will be vaccinated against COVID-19, a union official said.Santos is South America's largest port and critical to Brazil's commodities exports…
Maersk is accelerating its plan to transform itself from a container shipping giant into an integrated logistics company following its strong performance during the pandemic, Chief Executive Soren Skou said on Tuesday.Maersk, which handles one in five containers shipped worldwide…
The Suez Canal Authority (SCA) plans to expand and deepen the southern stretch of the waterway where a containership became jammed and blocked traffic for six days in March, Chairman Osama Rabie said in a televised address on Tuesday.Rabie presented…
UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday a reduced compensation claim made by the Egyptian authorities for almost $600 million to free the vessel and cover related losses was still 'exceptionally large'…
Superior Industries, a U.S.-based manufacturer and global supplier of bulk material processing and handling systems, recently developed a new model TeleStacker Conveyor for loading dry bulk cargo ships. This multipurpose, highly mobile conveyor…
Dubai state-owned port operator DP World said on Sunday it had agreed with the Democratic Republic of Congo to amend its contract for a 30-year port concession.DP World said the two sides had signed a term sheet summarizing the amendments following…
The bunkering operation was carried out by FueLNG Bellina, Singapore’s first Liquefied Natural Gas (LNG) bunkering vesselShell’s Aframax tanker ‘Pacific Emerald’ is the first oil tanker to be LNG-bunkered in SingaporeFueLNG, together with the Maritime and Port Authority of Singapore (MPA)…
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…
