Xeneta has ended 2019 with a second month of increases in long-term contracted ocean freight rates across key trading routes.According to the latest XSI Public Indices report from Xeneta global rates climbed by 0.9% in December (adding to a 0…
French marine services group Bourbon Corporation, which has been in a court restructuring process after its business was hit by volatile energy markets, said its assets would be taken over by its creditor banks.Bourbon said the Marseille commercial…
Steve Felder, Managing Director, Maersk South Asia has outlined the developments in 2019 and what we can expect in 2020:“While the global container demand was lower in 2019 due to weaker growth in the global economy, India witnessed a broad…
A U.S.-flagged merchant vessel Maersk Kinloss rescued three Iranian mariners who had been stranded at sea for several weeks.The Maersk company informed U.S. Naval Forces Central Command (NAVCENT) of the December 18 rescue.The stranded mariners were transferred to the Omani coast guard…
A dead monkey was found in a shipping container in Whāngārei, New Zealand this month.A staff member at BBS Timbers discovered the dehydrated monkey body squeezed between sawn timber packs upon opening the fumigated container, which had arrived from Guyana…
Arnout Damen will take over as CEO of Damen Shipyards Group effective January 1, as the the Dutch shipbuilding conglomerate transitions to a new divisional structure, the group announce on Monday.Arnout Damen succeeds René Berkvens, who has…
French ballast water treatment specialist BIO-UV Group has strengthened its global partnership network with Hai Cheung Trading (HCT), a specialist marine equipment supplier based in Hong Kong to reinforce the commercial rollout of BIO-SEA ballast water treatment system across Asia…
US President Donald Trump approved $138 million for the Charleston Harbor Deepening Project as part of the Energy and Water Appropriations Bill in the 2020 Budget.According to a statement from South Carolina Ports Authority, both the Senate…
CMA CGM said on Friday it had finalized an agreement with China Merchants Port Holdings Co. to sell stakes in 10 port terminals to the companies' joint venture.France-based CMA CGM, the world's fourth-largest container shipping company, confirmed…
Rates for Aframax-class crude oil tankers leaving the U.S. Gulf Coast hit a record this week, according to three shipbrokers, reflecting strong demand in Europe and the Mediterranean for low-sulfur crude.Equinor ASA and Unipec, the trading arm of China's top refiner Sinopec…
Two cruise ships collided in a port in the Mexican Caribbean resort of Cozumel on Friday, causing damage to the stern of Carnival Corporation's Carnival Glory and leaving one passenger with a minor injury, Carnival said.'Carnival Glory was maneuvering…
Liberty Global Logistics Awarded FCA Ocean Carrier of the Year for 2019Liberty Global Logistics LLC (LGL) was recently awarded the 2019 Outstanding Performance Excellence Award for “Ocean Carrier of the Year” at the Fiat Chrysler Automobiles (FCA) event held in Detroit…
India’s import and export container trade in Q3 2019 (July-September) remained flat as compared to global growth of 1.5%. The slowdown is aligned closely with the weaker domestic demand, as well as a reflection of the broad-based cyclical weakening…
Container Owners Association's Board of Directors have elected Uffe Ernst-Frederiksen, Head of Cargo Management, AP Moller-Maersk, to the position of COA Chairman, effective January 1, 2020. He takes over from Brian Darnowski, Senior Vice-President – Operations…
Ocean Network Express (ONE) has announced details of the new Korea Haiphong Express (KHX) service. Connecting North Vietnam, South Korea and South China, the new KHX service offers improved service coverage and comprehensive port connections for ONE’s valued customers…
