In-depth analysis of Q3 container shipping costs reveals positive trends for the beleaguered container carrier segment, according to Xeneta, a benchmarking and market intelligence platform for containerized ocean freight. However, the market remains highly complex and unpredictable…
Container shipper Islamic Republic of Iran Shipping Lines (IRISL) Chairman Mohammad Saeidi expects the firm to have recuperated by the middle of next year the business lost while Iran was subject to international sanctions. 'Step by step the problems have been resolved…
In an agreement reached earlier this year between Ports America Chesapeake and CSX Intermodal Terminals, Inc. (CSXIT), the operational responsibility for CSXIT services at Seagirt Container Transfer Facility was transferred to Ports America Chesapeake in the Port of Baltimore…
U.S. Transportation Secretary Anthony Foxx today announced $4.85 million in grants to six Marine Highway projects along the waterways of 17 states and the District of Columbia. The goal of the Maritime Administration’s Marine Highway Program is to expand the use of U…
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 5,258,269 tons in September, a decrease of 5.6 percent compared to a year ago, the Lake Carriers’ Association reported. Shipments trailed the month’s five-year average by even more…
Nakilat, a shipping arm of Qatar’s liquefied natural gas (LNG) sector, held Qatar Project Shipping Forum (QPSF) in London over a span of two days. QPSF is as an important platform, established and organized by Nakilat in 2006, to address…
Other container shipping firms may join Hanjin Shipping Co Ltd in receivership before the industry emerges from its current shakeout, the vice chairman of world number three player CMA CGM said on Wednesday.South Korea's Hanjin filed for protection from creditors in late August…
Rickmers-Linie’s mv RICKMERS TOKYO is now the record holder for the largest single shipment of transformers from the port of Rijeka, Croatia. The vessel took over a total of 15 transformers weighing between 56 and 142 tonnes in mid-September…
Transnet National Ports Authority (TNPA) said it had built flexibility into the tender specifications for Operation Phakisa new build projects at its ports in order to meet the current economic climate. Speaking at the African Ports Evolution 2016 Conference in Durban last week…
TorQuest Partners has invested in McKeil Marine, in partnership with existing management and shareholders, the two companies announced. Terms of the investment were not disclosed. McKeil also announced that Steve Fletcher, President, who has been with McKeil for 17 years…
Egypt is in talks with global shipping firms to change the way it charges vessels to pass through the Suez Canal, offering discounts for advance payments as it seeks to raise much-needed hard currency from a struggling industry.Denmark's A…
IRISH SEA freight ferry operator Seatruck says the opening of the new £124.5 million ($150.0mln) Bay Gateway relief road in Lancaster, is the biggest commercial opportunity for the Port of Heysham in its history. Seatruck CEO Alistair Eagles said the opening…
The Panama Canal Authority (ACP) has entered into a Memorandum of Understanding (MOU) with major UK ports operator, Peel Ports, who own the Port of Liverpool, as the latter gears up for the formal opening of its Liverpool2 container terminal in early November…
Sagarmala, the ambitious program for ‘Port-led development’ in the country is all set to change the logistics sector performance by optimizing India’s logistics modal mix. The flagship program by the Ministry of Shipping will help in reducing…
DP World Limited handled 47.5 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2016, with gross container volumes growing by 2.2% on a reported basis, and up 1.0% on a like-for-like basis…
