The Drewry Hong Kong-Los Angeles container rate benchmark, soared by 17.5% to US$2,452 per 40ft container this week.Last week’s Drewry transpacific price benchmark dated 1st August increased by just $71 per 40ft container from levels in the previous week…
Krishnapatnam Port claims world record for discharging 122,247 MT's of coal from ship in 24 hrs using conventional cranes.The cargo was discharged from the MV Cohiba which had 161,980 MT of US Coal on account of JSW Steels Limited. The remaining 39…
Horizon Lines receives top honors in 'Quest for Quality' award, ranked first by customers for outstanding service. Horizon Lines, Inc., one of the nation's leading domestic ocean shipping companies, has been honored for the fourth consecutive…
Conditions will eventually improve for the industry over the next five years according to IBISWorld's market research.Excerpts from the synopsis provided follow:The report says that after years of easy growth, life became more difficult for operators in the industry in the second half of 2008…
Ezion wins a third contract to provide full logistics & support services for development of LNG facilities on Curtis Island, Queensland, Australia. This LNG facility which is the third of the eight proposed in Queensland, Australia, has an…
Pilot Freight, worldwide transportation & logistics provider, picks up its seventh 'Ryder Transportation Management Carrier Quality Award'.Every year Ryder recognizes carriers through this award who demonstrate excellence in on-time performance…
The Lake Providence Port is high and dry through drought after U.S. Army Corps of Engineers abandoned efforts to dredge its access channel.Louisiana farmers scramble to find other avenues to ship as much as 1 million tons of corn and soybeans out of the region…
UK-based Port Evaluation Management (Port-Evo) propose US$ 1-billion investment to redevelop Mongla Seaport & to operate long-termBritish Secretary of State for Foreign and Commonwealth Affairs and Northern Ireland William Hague made the proposal…
NYK Global Bulk hosts onboard get-together to celebrate reconstruction of Port of IshinomakiNYK Group company, held a get-together on board its 58,000-ton bulk carrier New Pride with guests from the Ishinomaki area in Miyagi prefecture to…
China's shipping industry grapples with recession caused by waning demand & higher costs, & many small businesses are facing bankruptcy.The Ministry of Transport said that In the first six months, turnover at ports increased 7.2 percent year on year to 4…
Brazilian ports are facing problems in maintaining normal operations due to nationwide Health Authorities strike. Major Brazilian ports around the country are experiencing considerable delays.Vitoria in the south-east has reported a huge…
SSA Marine & subsidiary SSA Terminals announce arrival of 3 new Super Post Panamax cranes for Terminal 18, Seattle.Together with the three Super Post Panamax cranes that arrived in December 2011, the cranes represent a $54 million investment by SSA Terminals…
As Oman celebrated its 42nd Renaissance anniversary, Port of Sohar welcomed its 1,000th vessel of the year The 9,000 metric tonne MV Maria, owned and operated by SAL Heavy Lift GmbH, berthed at the container terminal C Steinweg Oman (CSO)…
First graduates praise Lloyd’s Maritime Academy’s ground-breaking MBA in Shipping & Logistics; Limited time remains to sign up for next enrolment in industry’s only specialist distance learning MBA.The first graduates of the Lloyd’s Maritime…
Low-water levels resulting from severe drought conditions in the US Midwest have potential for significant national economic consequences.The low-water levels resulting from severe drought conditions in the Midwest are a stark contrast to…
