U.S. import prices increased less than expected in July, a sign that inflation pressures may have peaked as supply chain bottlenecks that have impacted the U.S. economy start to wane.Import prices rose 0.3% last month after jumping 1.1% in June…
Post-Brexit trade frictions have 'significantly altered' freight traffic between Ireland and Britain and sparked a steep rise in volumes to and from Ireland and other European Union members, an Irish government agency report said on Thursday…
This spring, the M/V Saga Welco Indiana departed the port of Qingdao, China, with 600 new refrigerated shipping containers on their way to be put into service at Alaska Marine Lines. These units are the latest addition to Alaska Marine Lines' fleet of nearly 29…
Four investment groups are looking to acquire the Israeli port of Haifa estimated to be valued as high as $600 million with formal bids expected towards October, sources with knowledge of the matter said.Israel is selling its state-owned ports…
Benchmark iron ore futures in China rose more than 3% on Tuesday, after five straight sessions of declines fuelled by speculations of a relaxation in steel output controls.'Affected by the notice of rectifying campaign-style carbon reduction efforts…
McAllister Towing LNG Services, LLC will serve as technical manager for the Polaris New Energy LNG bunkering operation in Florida, operating the Articulated Tug Barge (ATB) Polaris/Clean Canaveral for Polaris New Energy. “We are excited to work with McAllister Towing because…
Oman's state-owned Asyad is considering buying ports and terminals abroad and could divest assets outside its core logistics business, such as a college and project management operation, its chief executive said on Thursday.The plans by the company…
Two new inland container vessels built by Concordia Damen were named at a ceremony held at BCTN’s inland terminal at Den Bosch on Saturday, July 10, 2021. Den Bosch Max BV is a joint venture between logistics services provider Nedcargo International BV and inland terminal operator BCTN…
Singapore-based Intra-Asia shortsea shipping specialist CNC announced the launch of its New Korea Thailand (NKT) service providing direct and weekly connectivity between South Korea, China, Thailand and Vietnam.CNC, part of the CMA CGM Group…
Unable to get a slot on a container vessel, Lee Sang-hoon is considering using fishing trawlers docked for repair in the South Korean port of Busan to meet surging export orders for the car engine oil he sells to Russia.'China is the black hole in this shipping crisis…
EveRé, Elengy, TotalEnergies and the CMA CGM Group are engaged in a study of a BioLNG production plant project at Marseille’s port, aiming to to turn household waste into clean energy and serving as another plank toward the maritime industry's decarbonization…
Within the framework of a partnership previously announced between Tanger Med Port Authority and Wärtsilä Voyage which aims at digitalizing maritime port calls, Tanger Med, Hapag-Lloyd, and Anglo-Eastern Ship Management reportedly recorded success…
BIMCO’s Shipping Number of the Week: Secondhand container ship deals jump over 100% in H1 2021During the first half of 2021, a total 277 container ships have changed hands, a 103.7% jump from 136 ships bought and sold in the same period of 2020 (source: VesselsValue)…
Leading German freight forwarder Hellmann will start using unmanned planes operated by Bulgaria's Dronamics from next year to speed up deliveries of vital goods in Europe and work around stretched supply chains, executives involved say.Global disruptions due to COVID…
Fifteen companies from 11 countries were selected by a panel of industry experts, investors and entrepreneurs for the 6th PortXL acceleration program in Rotterdam. Starting in September, they will spend three months in Rotterdam. The PortXL…
