Similar to container vessels, bulk carriers and cruise ships, car carriers are rapidly growing in size, says a report by DNV GL. A new series of the world’s largest pure car and truck carriers sets a new standard for this segment. The…
CMA CGM announced and amendment to the port rotation of its MIDAS service. Effective with M/V KOTA MAJU at Khor Fakkan on January 4th, 2017, MIDAS serving India and Middle East Gulf to Africa and Indian Ocean, operated with 10 vessels up to 3…
U.S.-flag Great Lakes freighters (lakers) moved 83.3 million tons of cargo in 2016, a decrease of 4.5 percent compared to 2015, according to the Lake Carriers’ Association (LCA). The 2016 float was also 7.7 percent below the fleet’s five-year average…
Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) has been selected to provide industrial drive and automation solutions for The Port of Virginia’s historic expansion project, totaling 86 Konecranes Automated-Stacking Cranes…
Abaqus and Intelek Announce Transportation EDI Support for Rapid Integration of Logistics Management Capabilities with 3rd Party TMS Systems Abaqus, Inc., a provider of the myGeoTracking cloud-hosted mobile workforce management and transportation support platform…
Maritime and logistics service provider Inchcape Shipping Services (ISS) said it is expanding its maritime service portfolio with the launch of its Maritime Advisory team. The new Maritime Advisory team will serve all maritime sectors from containers…
The Port of Singapore sustained its performance in 2016, amidst weaker-than-expected global economic conditions and significant structural changes in the maritime industry. Annual vessel arrival tonnage increased by 6.3 per cent in 2016 compared to 2015…
International transport and logistics executives are increasingly benchmarking their companies’ costs and supplier terms in ocean transport contracts, according to data gathered by Drewry Supply Chain Advisors. In the past 6 months, the…
The contract freight rate benchmarking company Xeneta warned about further uncertainty for the global container shipping market in 2017. Although rates have risen significantly from the historic lows of early 2016, giving battered ship owners some reprieve…
Maersk Line saw a 21 percent jump in cargo volumes in Mexico between January and October 2016 compared with the year-earlier period, says a report by T21. Mexico is expected to be one of the main beneficiaries of the newly expanded Panama…
Slowed by industry headwinds and challenges that included major customer Hanjin declaring bankruptcy, the Port of Long Beach said it moved almost 6.8 million containers in 2016, its fifth best year ever. Overall cargo declined 5.8 percent in 2016 compared to 2015…
The Institute of International Container Lessors (IICL) announced that Keith Lovetro, President and Chief Executive Officer of TRAC Intermodal, has been elected to the position of Chairman of the IICL for 2017, succeeding Simon Vernon, President of Triton Intermodal Limited…
Port of Portland Executive Director Bill Wyatt formally announced to the Port Commissioners that he will retire from the Port on June 30, 2017. He has led the Oregon port since 2001. Wyatt’s 16-year tenure with the U.S. West Coast port has included major milestones in the organization’s history…
At the beginning of the New Year, British Ports Association (BPA) Chief Executive Richard Ballantyne has outlined the association’s key priorities for 2017, including ensuring U.K. port interests feature in the Brexit negotiations and encouraging…
The Port of Boston’s Paul W. Conley Container Terminal set a new calendar year record in 2016; with total volume up 5 percent over 2015. In 2016, 248,391 twenty-foot equivalent units (TEUs) were moved in and out of the terminal, connecting vital goods and services between New England and the world…
