Logistics News

 

Crowley’s Solutions Group Reorganizes

Jan 09, 2018

Crowley Maritime Corp.’s solutions group announced that it is reorganizing and establishing new leadership to better serve customers in need of engineering, project management and government services.  Solutions is the company’s dedicated…

Forest Products Shed Opens in the Ostuferhafen

Jan 09, 2018

Another warehouse for Russian forestry products was inaugurated in the Ostuferhafen on Tuesday January 9th. The new Shed 12 was built inside just six months and represents an investment of € 1.5 million ($1.78 mln). The Managing Director of the Port of Kiel  (SEEHAFEN KIEL GmbH & Co…

DP World to Invest $1bn in Expansion

Jan 08, 2018

DP World is planning to annually inject up to $1 billion in global investments until 2020, local media quoted company chairman and CEO Sultan Ahmed Bin Sulayem as saying. The expansion at Prince Rupert in Canada opened for business. DP World Limassol in Cyprus opened a new cruise terminal…

Pecém Cargo Volume up by 19%

Jan 08, 2018

APM Terminals Pecém reported a 19% annual increase in container handling volumes as the gateway port to northeast Brazil.   APM Terminals Pecém, which is the container operator at the Port of Pecém which is managed by the state-owned company CIPP (former Cearaportos)…

US Retail Imports End 2017 with 7% Growth

Jan 08, 2018

Imports at the United States’ major retail container ports grew 7 percent during 2017 over 2016 as retail sales continued to increase and the industry wrapped up the year with a strong holiday season, according to the monthly Global Port Tracker…

Foss Ships Utility Trucks to Puerto Rico

Jan 07, 2018

At the Port of Virginia in Norfolk and the Port of Lake Charles in Louisiana, Foss Maritime is loading hundreds of utility trucks onto barges bound for Puerto Rico this week. It’s all part of the on-going effort to restore power to nearly half of the population who are without electricity…

Pertamina Delivers First LNG Cargo to Nusantara FSRU

Jan 07, 2018

Indonesia's government controlled PT Pertamina said that the first LNG cargo produced with the gas sourced at the field has been delivered to the Nusantara Regas’ Nusantara FSRU in the Jakarta Bay.  The shipment is the first LNG cargo…

Indian Ports Register Positive Growth of 3.64%

Jan 05, 2018

The major ports in India have recorded a growth of 3.64% and together handled 499.41 Million Tonnes of cargo during the period April to December, 2017 as against 481.87 Million Tonnes handled during the corresponding period of previous year…

French SMART PORT in Med Soon

Jan 05, 2018

The members of the SMART PORT steering committee adopted a first series of projects designed to take advantage of the digital transition with a view to affirming and consolidating the importance of the Aix-Marseille Provence Metropolis as a seaport…

Rail Shipments of Canadian Oil to US Seen Rising over 60%

Jan 05, 2018

Canadian crude shipments to the United States by rail could rise more than 60 percent this year on demand by Gulf Coast refiners for the heavy crudes and the wide differential between Canadian grades and the U.S. benchmark. The rail shipments could reach as much as 350…

US Trade Deficit Rises to Near Six-year High

Jan 05, 2018

The U.S. trade deficit increased more than expected in November as imports of goods surged to a record high amid strong domestic demand, making it likely that trade will subtract from economic growth in the fourth quarter. The Commerce Department said on Friday the trade gap widened 3…

Solar Modules Stuck at Indian Ports Due to Import Duty Dispute

Jan 05, 2018

Solar modules worth more than $150 million are stuck at various Indian ports due to a dispute over their classification and the import tax applicable to them, sources said, which could delay Prime Minister Narendra Modi's clean energy goals…

Trafigura Hires ex-Noble Crude Oil Trader

Jan 05, 2018

Trading house Trafigura has hired Dan Stirk, formerly a North Sea crude oil trader at commodity trader Noble Group, to join its crude desk, according to trading sources.Stirk started his new job this week, one of the sources said.He served as North Sea trader at Noble starting in July 2016…

Great Lakes Limestone Trade Up in 2017

Jan 05, 2018

Shipments of limestone on the Great Lakes totaled 28 million tons in 2017, an increase of 6.4 percent compared to 2016, the Lake Carriers’ Association (LCA) reported. 2017’s loadings were also 2.1 percent above the trade’s five-year average…

NYK Line Focuses on Green and Digitalization

Jan 04, 2018

NYK president Tadaaki Naito called for promoting environmental issues and the utilization of IoT. 'I hope to advance the group’s activities with a focus particularly on the keywords 'green' and 'digitalization' this year,' he said. 'We are already making progress in both fields…

Logistics News

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

US Goods Trade Deficit Increased in May, Exports Declined

US Goods Trade Deficit Increased in May, Exports Declined

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