OPDR Iberia’s Leixões branch is going to expand its team and move into the office of its partner MacAndrews in Leixões in the northwest of Porto. The two CMA CGM subsidiaries will continue to act independently of each other, however, profit from the synergies of the close proximity…
The Danish Environment Minister, Esben Lunde Larsen, had to answer to the Parliament yesterday following questions put to the Government by all the opposition parties. The long list of questions had been drafted two months earlier, prompted…
Danaos Corporation reports its results for the third quarter of 2016 in the aftermath of the bankruptcy of Hanjin Shipping, one of Danaos' large customers. Danaos' CEO Dr. John Coustas says: 'As a result of the bankruptcy, we did not recognize…
A strong finish to the St. Lawrence Seaway’s 2016 shipping season is expected as freighters deliver raw materials and exports for North America’s industrial and agricultural sectors before the waterway closes December 31. 'The St. Lawrence…
“November was a good month for the export of agricultural products and shipments of aluminum ingots on the Great Lakes Seaway System,” said Betty Sutton, Administrator of the U.S. Saint Lawrence Seaway Development Corporation. “Under the binational trade development program known as ‘Highway H2O’…
The Union Cabinet of India, chaired by the Prime Minister, Narendra Modi has approved the Major Port Authorities Bill, 2016, a move aimed at bringing greater efficiency and professionalism in governance of ports through full autonomy in decision…
Ocean freight rates for cargo moving under contracts on the major East-West trade routes saw a reversal of trend in 4Q 2016, according to Drewry’s Benchmarking Club, a closed user group of 50 multinational retailers and manufacturers who closely monitor their contract freight rates…
According to the Port of Los Angeles, containerized cargo flowing through the port surpassed all-time volumes for a Western Hemisphere port for the second consecutive month. Port of Los Angeles terminals processed 877,564 Twenty-Foot Equivalent Units (TEUs)…
The Port of Long Beach said shifting alliance routes and the Hanjin bankruptcy continued to affect its volumes in November, when container traffic was 13.8 percent lower than the same month last year. A total of 534,308 twenty-foot equivalent units (TEU) were moved through the harbor last month…
South Carolina Ports Authority (SCPA) reported its strongest November container volumes on record. SCPA handled 175,217 twenty-foot equivalent units (TEUs) in November, a year-over-year increase of 14 percent. Previously, SCPA's strongest November on record was 163…
The global shipping industry will hit a credit crunch if proposed new bank capital rules are implemented in a sector already weighed down by toxic debt, bankers involved say. The Basel Committee of banking supervisors from nearly 30 countries…
The Phase II North container terminal expansion project, launched in the first quarter of 2015, is now more than 75 percent complete and is on schedule to increase annual capacity at Prince Rupert’s Fairview Container Terminal to over 1.35 million TEUs by the third quarter of 2017…
The business portfolio internationalization and the development of river operations are two of ETE Group’s strategic focus, as referred last Friday on the 80th birthday ceremonies at Naval Rocha shipyard (in Lisbon) with the presence of the President of Portugal…
GAC has introduced a new centralized service to help ship owners navigate the paperwork required for the import of cargoes to European Union (EU) ports from outside the Union.Operators of vessels carrying such cargoes must declare cargo…
APM Terminals has entered into an agreement to divest Pentalver, the UK-based provider of container transport (trucking & haulage) and other container related services, to Genesee & Wyoming Inc. (G&W) – a United States-based, global operator…
