Danish shipping and logistics company DFDS has agreed to buy Turkish freight shipping operator U.N. Ro-Ro from Turkish private equity firms Actera Group and Esas Holdings for 950 million euros ($1.17 billion) on a debt-free basis. It marks a change of course for the Turkish company…
World goods trade will grow 4.4 percent this year, maintaining a rapid recovery that could nevertheless unravel if trade tensions escalate further, the World Trade Organization said in its annual forecast on Thursday. Global trade growth…
National Shipping Company of Saudi Arabia (Bahri) has taken delivery of Khurais, a very large crude carrier (VLCC), from Korean Hyundai Samho Heavy Industries (HSHI). Industry leader adds fourth VLCC this year, bringing its total number of vessels to 92…
DP World Australia announced the signing of a long-term partnership extension regarding service of CMA CGM Group vessels by DP World Australia at its terminals in Brisbane, Sydney, Melbourne and Fremantle. This partnership extension brings…
Chilean maritime services and logistics company SAAM announced its plans to invest some $85 million to reinforce its tug fleet and maintain port equipment and infrastructure. 'In 2018, we expect to invest close to $85 million, which will be…
Shipping giant A.P. Moller – Maersk has enlisted a cloud-based Integration Platform as a Service (iPaaS) solution provider to help make its data available to external parties and improve customer visibility. Finland based Youredi, provider of a range of solutions related to big data…
The Port of Virginia processed 252,230 twenty-foot equivalent units (TEUs) in March, pushing the port’s growth thus far in fiscal year 2018 to 4.4 percent. Further, March’s TEU volume was nearly 9 percent ahead of the same month last year. “March’s…
The Port of Felixstowe has taken delivery of its first two remote control ship-to-shore (STS) gantry cranes. The two new cranes, the 32nd and 33rd at the UK's largest container port, were delivered on the Zhen Hua 23 from ZPMC in Shanghai…
CMA CGM Group, a world leader in maritime transport, is pleased to announce the start of the Ocean Alliance Day Two Product. Based on the success of Ocean Alliance, the Ocean Alliance Day Two Product strengthens CMA CGM’s service offering by…
Taiwanese shipping company Wan Hai Lines has announced the launch of Japan – Korea – Haiphong service “JKH service” on April 22, 2018. This new service will help to extend Wan Hai Lines network by providing direct service from Japan, Korea to Haiphong…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with United Bulk Carriers International S.A., Luxembourg, for one of its Panamax dry bulk vessels, the m/v Melia. The…
Marine terminals at the Port of Long Beach handled almost 1.9 million twenty-foot equivalent units (TEUs) January through March, leading the port to surpass its previous first quarter cargo record set in 2007.March throughput reached 575,258 TEUs…
The Port of Felixstowe has taken delivery of its first two remote control ship-to-shore gantry cranes. The two new cranes, the 32nd and 33rd at the U.K.’s largest container port, were delivered on the Zhen Hua 23 from ZPMC in Shanghai. Commenting on the new cranes…
Maersk Line takes further steps towards simplifying the supply chains of its customers by expanding the service scope on its online platform ship.maerskline.com to cover more major trades and addressing customers'pain points. The new scope…
The Jawahar Lal Nehru Port Trust (JNPT) will roll out Direct Port Delivery (DPD) transport solution from May 1, enabling faster and cost-effective movement of containers. 'The innovative transport solution is aimed to achieve seamless and…
