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…
The Port of Virginia moved 220,376 twenty-foot equivalent units (TEUs) in February, 351 TEUs lower than February 2016, but placing its fiscal-year-to-date growth at 6.9 percent. The continued growth comes as the port has started the engineering…
India’s Shreyas Shipping and Logistics has approved plans for its subsidiary Shreyas Relay Systems (SRS) to acquire 99.9% of Balaji Shipping Lines from Transworld Holding (TWH). Shreyas Shipping said that consequent to the said issue, the…
Efforts by the government to attract investors to help build 29 berths at the proposed Lamu port has received a boost from African Development Bank, said a report in The Star, Kenya. The port has received a $1.9 million grant to cater for…
Vietnam National Shipping Lines (Vinalines) and Vietnam National Coal - Mineral Industries Group (Vinacomin - TKV) signed a memorandum of understanding (MoU) for a strategic co-operation agreement, Viet Nam News reported. As per the agreement…
In 2017, leveraging its global presence, dynamism, capacity of adaptation and innovation, and strategic actions implemented in 2016, CMA CGM should benefit from the sector’s improving environment, initiated in the 4th quarter of 2016. According to a company press release…
