FONASBA and BIMCO have launched a new Agency Appointment Agreement document. This new form, which is based on BIMCO’s tried and tested box layout, provides a simple, clear and effective means of confirming the details of an agency agreement for an individual or short series of port calls…
Stellar Value Chain Solutions, a third party supply chain and logistics company serving consumption driven sectors in India, today announced the acquisition of a majority stake in Kelvin Cold Chain (“Kelvin”), a leading integrated cold chain logistics business…
Since 2015 BIMCO has been collecting feedback on the performance of port terminals in order to be able to report the results to members and, ultimately, to give further guidance to ships. BIMCO has received over 400 feedback reports from…
The Omani port of Salalah has registered a 29.4 per cent growth in container throughput in 2016 thus retaining its status as one of the region’s preeminent container transshipment hubs, said a report in Oman Observer. In initial unaudited and unapproved financials published on Thursday…
Dubai-listed Gulf Navigation Holding has announced a partnership with Polimar Turkish Holding to grow its fleet and increase its global reach. Under the agreement, Gulf Navigation said it would be able to serve customers in major trading ports worldwide…
Libya's UN-backed government will declare force majeure on two ports to stop fuel smuggling from them, a statement from its presidential council said on Saturday.The statement gave no details on when the measure would come into effect, but…
In a year of changes and challenges in the national and global scenarios, Companhia Docas do Estado de São Paulo (Codesp) (Santos Port Authority) has developed actions to maintain the position of the Port of Santos as the main port complex in Latin America…
The new year brings with it fresh hopes for a recovery in container shipping although the market remains fundamentally imbalanced, says an Alphaliner report. A slew of new records were set in 2016 but most of them marked new lows for a…
The Militzer & Münch Group has named Marc Pinheiro as its new Managing Director of M&M air sea cargo GmbH. Since the beginning of the year, he has been in charge of the air and sea freight activities of Militzer & Münch. Additionally, Tom Rosman…
Lerwick Port Authority has detailed a series of objectives to meet its aim of running an efficient, cost-effective harbour, including continuing expansion of the infrastructure. The goals are featured in an interim Update produced ahead of publication of a new style annual report in Spring…
Spot container freight rates on the major East-West routes reached a 20-month high this week and have risen above the average of the last 5 years, said a report by Drewry. The latest weekly reading is $1,770/40ft container for the composite index…
APM Terminals Mumbai, India’s busiest container terminal, has embraced ‘Direct Port Delivery’ (DPD)service initiated by the Indian government as part of its “Ease of Doing Business Program” to enhance India’s access to the global logistics chain…
Danos’ 367.5-acre integrated services complex located in Amelia, La., is now an officially recognized Foreign Trade Zone (FTZ) by U.S. Customs and Border Protection (CBP). It will be the ninth FTZ located in the state of Louisiana and one of 179 active FTZs in the country…
Chang Cheow Teck, the former President of ST Marine, has pled guilty to one charge under section 157(1) of the Companies Act. Chang was sentenced to a Short Detention Order of 14 days. Change served as ST marine president from March 2008 to April 2010…
The Port of Södertälje’s brand-new Konecranes reach stacker, delivered at the beginning of May, is already having an impact on operator efficiency. The new reach stacker (model SMV 4531 TC5), which is widely available throughout Australasia…
