China Cosco Shipping plans to retain its current container alliances until they expire, after which it plans to sign a new deal, it said on Monday. The group's spokesman, Yu Zenggang, did not say when the current alliance agreements were due to expire…
FESCO Transportation Group, in cooperation with the Maritime port of Olya, is launching the Trans-Caspian intermodal service FESCO Russia Iran Service (FRIS), to carry out freightage between Russia and Iran.The service includes shipping over the Caspian…
German container shipping group Hapag-Lloyd has reported a net profit of €114 million ($127.5 million) on revenue of €8.8 billion for 2015 – a turnaround from a loss of €604 million on revenue of €6.8 billion the previous year. The firm…
Adani Kandla Bulk Terminal Pvt. Ltd. (AKBTPL), part of Adani Ports & Special Economic Zone Ltd (APSEZ), India’s largest port developer, today announced it had clocked minimum guaranteed throughput (MGT) cargo volume of 3.5 million tonnes (MT)…
Taiwanese President-elect Tsai Ing-wen and Chinese President Xi Jinping have both been invited to the inauguration ceremony of the newly expanded Panama Canal on June 26. Tsai Ing-wen's invitation from its Panamanian diplomatic ally is…
The Egyptian Natural Gas Holding Company (EGAS) has reportedly failed to secure two cargoes for delivery in April, says a report in Reuters. The tender launched during last week was open to EGAS’ existing suppliers, however, delivery windows…
The Port of Savannah is now handling grapes imported from Peru, adding to the list of cold-treated perishables using Savannah as a port of entry. 'Savannah currently handles avocados, citrus and sweet onions from Peru,' said Georgia Ports Authority Executive Director Curtis Foltz…
Reuter reports that the Philippines has released a North Korean freighter it had seized. The North Korean freighter was covered by harsher United Nations' sanctions against Pyongyang over its nuclear program. The 6,830 deadweight tonne…
Overall confidence levels in the shipping industry fell to a record low in the three months to February 2016, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The average…
Overall confidence levels in the shipping industry fell to a record low in the three months to February 2016, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The average…
CMA CGM develops its Ethiopian intermodal service by linking Djibouti to 6 inland key destinations (Addis Ababa, Mekele, Nefas Meewcha, Gibe, Shashemene and Jinga). It also adds 2 strategic calls in Djibouti, the Ethiopian market gateway, on its MEX1 and REX2 services…
In a new white paper, Consolidation in the liner industry, Drewry consider the merits, and pitfalls, of M&A activity within container shipping, but cautioned that strategy needs to be carefully through through. Container shipping remains remarkably fragmented…
The most often quoted reason for consolidation is the reduction in unit costs which can be obtained by an operator with a larger volume of business. The ways in which these reductions can be achieved in practice are discussed in a new white paper…
Esben Poulsson, President of the Singapore Shipping Association and Vice Chairman of the International Chamber of Shipping, spoke at the CMA Shipping conference on the topic of ‘Defining the Successful Shipping Enterprise of the Future - What…
The recent shifts in demand trends contributed to slower seaborne trade growth in 2014 (3.2%) and 2015 (2.0%). Clarkson Research Services Limited checks how has this reflected changes in demand for bulk shipments into major importing countries…
