Singapore has emerged as the world's top maritime center for the fourth consecutive time in the Xinhua-Baltic International Shipping Center Development Index. 'Singapore remains unmoved at the top of the International Shipping Centre Development (ISCD) Index for the fifth successive year…
With industrial output and consumption-driven sectors recovering in H2 FY2018 from the initial lull post GST implementation, the freight demand in India has also reported healthy pickup during the second half of the previous fiscal.“The performance…
An escalating trade war between the United States and some of its major trading partners would impair growth for U.S. airports, toll roads and ports over time if it slows the economy or triggers a recession, Fitch Ratings said on Wednesday.Major…
Greg Tuthill has been named Chief Commercial Officer of SeaCube Container Leasing Ltd., one of the largest global container leasing companies in the world.Brought on board to drive strategic global growth, Tuthill will lead SeaCube’s global sales…
China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods.China's commerce ministry said…
The United States has decided to impose tariffs on $200 billion worth of imports from China after efforts to negotiate a solution to the trade dispute failed to reach an agreement, senior administration officials said on Tuesday.U.S. Trade Representative…
Landlocked Ethiopia wants to make the re-opening of two roads connecting it to two of Eritrea's Red Sea ports a priority in the two nations' reconciliation process, a government spokesman said on Wednesday.In a move that ended a 20-year military stand-off…
Diana Containerships announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with CMA CGM, Marseille, for one of its Panamax container vessels, the m/v Domingo. The global…
Shipments of limestone on the Great Lakes totaled 4,052,994 tons in June, an increase of more than 17 percent compared to a year ago, the Lake Carriers’ Association reported.This June also represented the first month in which loadings topped 4 million tons since July 2015…
Panama and China opened free trade talks on Monday with the aim of crafting an agreement that could turn the Central American country into a hub for Chinese goods across Latin America.Panama’s Minister for Trade and Industry Augusto Arosemena said the first round of talks would last until Friday…
CMA CGM America has appointed Tim Haas as its new Chief Operations Officer.Haas leads CMA CGM’s U.S. Operations team from its headquarters in Norfolk, Va. He began on June 25, 2018, and he reports to the Ludovic Renou, President of CMA CGM America…
PEIR, a new app that helps the transportation logistics and shipping industries better assign costs based on responsibility for damaged shipping containers and trailers, has announced the hiring of Dr. Aaron Bryden as Chief Technology Officer…
German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to slash full year earnings forecasts last month, its chief executive told shareholders on Tuesday.'Major cost positions have risen more than initially expected and are pressuring operating margins…
Wallenius Wilhelmsen, the global finished vehicle logistics provider, has signed an agreement to acquire 70% of the membership interest in Syngin Technology for an initial purchase price of USD 22 million on a cash and debt free basis. 'The…
China’s Cosco Shipping Holdings Co received the clearance of a U.S. national-security review body, removing a major overhang of the USD 6.3 billion deal of taking over Orient Overseas International Ltd (OOCL). According to a Reuters' report…
