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…
The Port of Long Beach will begin public hearings next week on a draft environmental study for the proposed redevelopment of an existing rail yard into a new facility that could increase the use of “on-dock” trains, moving cargo faster while making operations more sustainable…
The multipurpose shipping market will see the first signs of recovery by the end of 2017, following in the steps of the dry bulk and container shipping markets, according to the latest Multipurpose Shipping Market Review and Forecaster report published by global shipping consultancy Drewry…
Diana Shipping has taken delivery of the m/v San Francisco (formerly Hull No. H2548) and the m/v Newport News (formerly Hull No. H2549), two new building Newcastlemax dry bulk vessels that were contracted in May 2013. The m/v San Francisco has been time chartered to Koch Shipping Pte…
Savannah-based logistics service provider Page International, Inc. has promoted Jackie Johnson to director of sales. In that role, she will be responsible for procuring new sales leads and all new business for services offered to beneficial cargo owners throughout North America…
World Fuel Services (WFS) will be the exclusive supplier of marine fuel at the Sunoco Logistics Nederland Terminal in Texas, starting in March 2017. WFS will supply both RMG 380 and MGO 0.1 percent Sulfur. Both options will be available ‘ex…
The multipurpose shipping market will see the first signs of recovery by the end of 2017, following in the steps of the dry bulk and container shipping markets, according to the latest Multipurpose Shipping Market Review and Forecaster report published by global shipping consultancy Drewry…
HANSA HEAVY LIFT has transported the first-ever ship-to-shore (STS) cranes via the Northern Sea Route (NSR), relocating them from the port of St Petersburg to the port of Vostochny, spanning both the European and Far East regions of Russia. HHL…
The Board of Commissioners of the Port of New Orleans has announced that, effective Jan. 1, 2017, Brandy D. Christian has begun service as the Port’s president and chief executive officer following her two-year tenure as its chief operating officer…
GAC Shipping (India) Pvt Ltd has appointed Mukesh Chakraborty as the Branch Manager, Logistics Services for its Bangalore office. Mukesh brings 13 years of experience in freight forwarding, customs clearance, transportation and warehousing and distribution to his new role…
A report forecasts the global container fleet market to grow at a CAGR of 3.19% during the period 2017-2021. The report says key vendors in the market are Maersk, CMA CGM & MSC. To calculate the market size, the report by Research and Markets…
