Small yet significant rises in European import and export activity, combined with increased Far East imports and continued growth in US exports has fuelled a moderate improvement in long-term global container rates in March. The trend, identified in the latest XSI Public Indices report from Xeneta…
Crowley Logistics named LaSonya Hill, vice president, customer care.Hill, previously director of customer care, will continue to be based at the company headquarters in Jacksonville, Fla., and will report to Frank Larkin, senior vice president…
Russian President Vladimir Putin ordered an allocation of budget funds in 2021-2022 for the construction of the Utrenny liquefied natural gas (LNG) terminal in the Russian port of Sabetta on the Northern Sea route, the Kremlin said on its website…
Transnet National Ports Authority (TNPA) welcomed a high-level delegation from the Miami-Dade County in the United States for a tour of South Africa’s second busiest port, the Port of Cape Town, on Tuesday, March 26, 2019. The visit formed…
South Korean container line Hyundai Merchant Marine (HMM) has announced that its board of directors had approved the hiring of Jae-hoon Bae as president and chief executive officer (CEO).The CEO recommendation committee led by Korea Development Bank…
Ocean carrier APL announced Tuesday that it will provide free shipping to The Ocean Cleanup, a non-government, non-profit organization working to develop technologies to rid the world’s oceans of plastic.“We applaud The Ocean Cleanup’s course in cleaning up our oceans…
Kinder Morgan Inc has dropped out of a recently proposed U.S. Gulf Coast deepwater crude export venture, the project's leader Enbridge Inc said on Monday.The $800 million project, known as Texas COLT, is one of eight similar projects proposing facilities that would move U…
The global container shipping company Ocean Network Express (ONE) has recently announced the new global container service network for 2019.The Japanese container shipping company that is headquartered in Singapore said in a press release that…
Chinese state-owned shipping and logistics services supplier company COSCO Shipping Lines announced a new COSCO feeder service from St Petersburg, Russia will begin calling at DP World Southampton.'COSCO is to introduce a new weekly call at DP World Southampton…
With a growth of 5.2% in 2018 compared to previous year, the Port of Antwerp has confirmed the earlier forecasts for a 6th consecutive year record.'The confirmation of the port's attractiveness and the consolidation of its position as a global…
Taiwanese global shipping and logistics services company Yang Ming Marine Transportation Corp. it had a net loss of $218.5 million in 2018, with operating results significantly impacted by higher fuel prices.According to a stock exchange annoucement from the ocean shipping company based in Keelung…
Business veteran Ravi Edirisinghe has been appointed Director/Chief Executive Officer of GAC Group of companies in Sri Lanka.He brings to his new role 27 years of knowledge and experience in strategic planning, business development and re-engineering…
German ocean carrier Hapag-Lloyd expects solid growth in 2019, according to the annual report for 2018 in which the the international container shipping line reports improved earnings.Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd said: 'While our business is and will remain cyclical…
European logistics provider Rhenus Group has acquired South African freight forwarding and logistics specialist World Net Logistics (WNL).The takeover of the Johannesburg-headquartered firm WNL is still subject to approval by the relevant cartel authorities…
The biggest cargo shipping company in Israel, Zim Integrated Shipping Services Ltd (ZIM) reported a revenue of nearly $3.25 billion in 2018, the highest in the last 4 years, reflecting an increase of 9.1% compared to $2.98 billion in 2017.However…
