An escalation of tariff wars between China and the United States could dampen growth in international container shipping as operators pre-emptively brought forward business in the second half of last year, Germany's Hapag Lloyd said.'Many customers tried to get their goods through to the U…
Danish shipping giant A.P. Moeller-Maersk A/S has acquired Vandegrift, a US-based customs house broker, as the ocean container line pushes further into land-based logistics services and operations. This is the first acquisition of the year in the fast-growing logistics sector…
Japan's largest oil and gas exploration and production company INPEX Corporation has installed ClassNK-NAPA GREEN for monitoring operations on three of its liquefied natural gas (LNG) carriers.NAPA said that Inpex awarded a deal to the company…
Major ports in India together handled 578.86 Million Tonnes (MT) of cargo during April-January 2019, representing a growth of 3.11 per cent, an official statement said.The major ports had handled 561.39 MT cargo in the corresponding period of previous fiscal…
Costa Rica is the latest country to ratify the Convention on Facilitation of International Maritime Traffic (FAL Convention).The International Maritime Organization (IMO) treaty enhances communication between ships and ports to help shipments move more quickly…
One Sea, the alliance that brings together leading exponents of autonomous ship technology, has secured new funding to support its role as business ecosystem, at the same time adding Shipbrokers Finland as a new partner.An injection of public…
CMA CGM is aiming for Ceva Logistics to break even this year, its finance chief said on Tuesday, as the French shipping group opened a share offer to cement its control of the Swiss freight specialist.CMA CGM's public tender will offer other shareholders 30 Swiss francs ($29…
The Greek port of Piraeus signed a memorandum of understanding (MoU) with Italy’s port authorities from the cities of Venice and Chioggia.The agreement seeks to develop port services and promote increased trade flow between Europe, the Mediterranean and the Far East…
The merger between accountants and advisers BDO LLP and Moore Stephens LLP in London was completed earlier this month.Clients of the merged firm, BDO, will have access to offices in over 160 countries with a presence in every major shipping location in the world…
U.S. soybean supplies as of Dec. 1 were the biggest on record as demand for the oilseed fizzled amid a trade war between the United States and China, the U.S. Agriculture Department said on Friday.USDA also trimmed its forecast of the U.S. soybean crop harvested last fall to 4…
The Port of Boston’s Paul W. Conley Container Terminal set a new all-time record in 2018 for volume for the fourth year in a row. The Port of Boston is the main artery of Massachusetts’ consumer economy, with imports and exports serving as vital catalysts for growth…
Sea Port of Saint-Petersburg (CTSP), a company of UCL Port, stevedoring division of the international transportation group UCL Holding, handled 7.7 million tonnes of cargo showing a 12-pct increase versus the result of 2017.The increase of cargo…
German port operator Hamburger Hafen und Logistik AG (HHLA) increased its Group revenue by 3 percent to EUR 1.29 billion in the 2018 financial year (previous year: EUR 1.25 billion). The Group’s operating result (EBIT) of EUR 204 million (previous…
Matson has announced that Branton B. 'Bal' Dreyfus has been appointed vice president, Alaska, succeeding Kenny Gill, who has resigned from the company.In his new role, Dreyfus has management responsibility for all Matson operations in Alaska…
Following an almost total halt in exports of soya beans to China in the last quarter of 2018, the new year has brought new hopes for American farmers and the dry bulk shipping sector. The USDA reported that in the first four weeks of 2019 754…
