In response to growing traffic through the waterway, the Panama Canal has announced that it will launch a state-of-the-art vessel scheduling and maritime resource management system to further optimize costs, improve safety and increase the overall…
APL has launched the Japan Express (JPX) service, a new weekly Trans-Pacific service which directly connects Japan with the U.S. West Coast. Offering direct connectivity between Japan and the U.S., the JPX service will offer transit times as fast as a 10 days from Sendai to Los Angeles…
Luke Lane, Senior Claims Executive at UK P&I Club, advises on the easing of the ‘180 day rule’. In October 2016 the U.S. Treasury, Office of Foreign Assets Control (OFAC) announced amendments to the Cuban Asset Control Regulations (CACR)…
CMA CGM has launched a new direct and faster service without any stopover between Morocco and Russia, ideal for Moroccan fruit and vegetable exports. 'CMA CGM, a leading worldwide shipping group, launches the newly enhanced service AGAX…
Jawaharlal Nehru Port Container Terminal (JNPCT) handled 14,29,936 TEUS of cargo till March 7 as compared to 14,29,277 TEUs, registering a growth of 7.6 per cent. 'JNPCT, one of the four terminals at JNPort which is directly managed by Port authority…
Cargo traffic through the Port of Los Angeles decreased in February compared to 2016. as the timing of the Lunar New Year resulted in a significant amount of cargo being shipped in January rather than February. Coming on the heels of record volumes in January…
Ocean shipping electronic marketplace INTTRA announced it has acquired Avantida, provider of empty container management services for ocean carriers. Avantida is headquartered in Belgium and currently conducts business in seven European countries…
As Asian forwarding and logistics markets continue to show strong growth, a new Forwarding Index has been launched by two consultants to measure current demand and forward sentiment. The APAC Forwarding Index is being developed by freight journalist and consultant Mike King…
East Libyan forces said they had regained control on Tuesday of the major oil ports of Ras Lanuf and Es Sider from a rival faction that seized them earlier this month.Military spokesman Ahmed al-Mismari told Reuters that the eastern-based…
Mitsui O.S.K. Lines (MOL) plans to further promote 'MOL Project & Heavy Cargo,' its brand for plant/heavyweight cargo transport services. The MOL Group will expand 'MOL Project & Heavy Cargo' activities in both Asia and Europe to enhance…
The rail operator H&S Container Line is introducing an additional round trip between Andernach in Germany and the two container terminals in the Deurganck dock in the port of Antwerp. H&S already operates on this route, but is raising…
Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has announced that it plans to reactivate one of its Post-Panamax container vessels, the m/v Pucon. The company also announced that, through a separate wholly-owned subsidiary…
The global marine freight industry has struggled in recent years, suffering from a negative compound annual growth rate (CAGR) of 3.3 percent between 2012 and 2016 amid an increasing oversupply and a collapse of global demand, according to research firm MarketLine…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a ninth straight session on Monday, helped by stronger capesize rates.The overall index, which also factors in rates for panamax…
A senior official at Libya's National Oil Corporation (NOC) warned on Monday of a possible declaration of force majeure at the Es Sider and Ras Lanuf oil terminals, as air strikes continued and rival forces mobilized fighters in the area.NOC board member Jadalla Alaokali said force majeure…
