APM Terminals has significantly increased its previously announced USD $70 million investment plans for the APM Terminals Port Elizabeth facility, and now plans an investment total of USD $200 million. This figure includes ordering four…
Up to 20,000 tonnes of cocoa is rotting at Ivory Coast's ports and might not be sold as a wave of defaults by exporters has slowed buying, exporters and truckers told Reuters on Wednesday. The top cocoa producer's Coffee and Cocoa Council (CCC) acknowledged earlier this month that some firms…
U.S.-flag Great Lakes freighters (lakers) moved 2.1 million tons of dry-bulk cargo in January, a decrease of 125,000 tons compared to a year ago, according to the Lake Carriers’ Association (LCA). This January’s float was down nearly a quarter from the month’s five-year average…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday due to strengthening rates across all vessel segments.The overall index, which factors in rates for capesize, panamax…
ZIM has announced that starting April 2017 (subject to FMC approval) an additional Asia-PNW service will join the ZIM’s Asia - Pacific North West service, which was previously announced. The new service will be named Zim Pacific North (ZPN)…
Greek owner of drybulk carriers DryShips Inc. has announced that it is re-entering the tanker shipping market as it agreed to purchase an Aframax tanker and a very large crude carrier (VLCC). DryShips has entered into agreements with unaffiliated third parties to acquire: - One 113…
Containership deliveries changed course in 2016, toppling from the record level of 1.7m TEU in 2015 to reach just 0.9m TEU, having previously increased each year between 2011 and 2015, says a report from Clarkson Research Services. If deliveries…
Spanish dock workers have called nine days of strikes to protest government plans to allow ports to hire non-unionized labor, El Pais newspaper reported on Tuesday, threatening to disrupt trade for up to three weeks from March 6. Dockers…
Eimskip said it will begin calling Helsingborg, Sweden as of May 4 and at the same time cease calling Halmstad. The company’s office in Sweden will also move to the harbor area to be closer to the container terminal and the vessel arrivals…
Jack-Up technology from heavy lifting systems specialist, Enerpac, has been used to successfully cut the time needed for port container crane heightening at Mitsui Engineering and Shipbuilding (MES) in Japan. The stability of the Enerpac JS500…
“K” Line (India) Shipping Private Ltd (KLISP), affiliated company of Kawasaki Kisen Kaisha Ltd., joined Indian National Shipowner’s Association(INSA) at the end of January 2017. KLISP was established in 2014 and actively participates in…
The UK P&I Club announced its renewal results for 2017, which included a year-on-year net increase of 3.5 million entered metric tons of mutual business takes mutual-owned tonnage to approximately 139 million metric tons, an increase of approximately 2…
Hyundai Merchant Marine (HMM) announced that it has entered into a contract with Hanjin Shipping and Marine Terminals Investment Limited (MTIL) to acquire Hanjin Pacific Corporation’s 100% stake in terminals in Tokyo and Kaohsiung.…
In recognition for his leadership in the freight transportation and logistics field and contributions to leadership, mentorship and education of future leaders in private sector freight transportation, the Center for Transportation Studies (CTS) presented its 2017 William K…
A direct weekly service of HMM’s (Hyundai Merchant Marine) ACS Service was flagged off, amid lot of fanfare, from Krishnapatnam Port Container Terminal on the February 17, 2017. Inauguration of the maiden vessel call by “M.V. HYUNDAI PRESTIGE”…
