News

Berlin jittery about COSCO’s planned investment in Hamburg

"Germany is having a national conversation about its economic ties with China, something that has co...

Pressure building in Washington to avert rail strike

"Pressure was building in Washington Tuesday as the hours ticked down to a potentially crippling rai...

Uncertainty pushing trans-Pacific contract talks back to more traditional cycle

"With spot rates tumbling and cargo volumes expected to fall from record highs, most trans-Pacific c...

China delivers another super large container ship

"A super large container ship with a capacity of 24,000 TEUs (twenty-foot equivalent units) was deli...

Singapore named global premier port

"The Port of Singapore has won as “Best Global Seaport” at the 2022 Asian Freight, Logistics and Sup...

US railroads brace for strike that could cost billions

"US freight railroads and labour unions are taking measures to prepare for a potential walkout, as t...

Freight costs rise as Turkey eyes multimodal infrastructure via Istanbul Canal

"For the first time in nearly 40 years, Turkey will increase the fees for ships transiting the Bosph...

Port of Thessaloniki acquires new STS cranes in $16 million investment drive

"The Greek Minister of Maritime Affairs and Insular Policy, Giannis Plakiotakis, has inaugurated two...

Shanghai port breaks daily container volume record

"Daily container handling volume at Shanghai port has exceeded 160,000 teu, hitting a new high. The...

Bangladesh exporters eye Indian seaports after country's offer for toll-free transit

"In a major development, India has offered Bangladesh toll-free transit facilities for exporting and...

Shanghai and Ningbo ports brace for typhoon Muifa

"Chinese authorities have begun taking precautions with yet another typhoon approaching the Yangtze...

Container spot rates on a free-slide

"The Drewry’s World Container Index (WCI) slid another 5.01% to end at US$5,378.68. The fall has bee...

MSC denied extension of deadline to provide documents in case brought by MCS Industries

"Erin M. Wirth, Chief Administrative Law Judge at the US Federal Maritime Commission (FMC), has issu...

Port Houston and Shell to jointly explore decarbonisation opportunities

"Port Houston has announced an agreement with Shell to work together to meet the port’s strategic go...

Port of New Orleans receives $500,000 in security funding

"The Federal Emergency Management Agency (FEMA) has awarded the Port of New Orleans with $514,964 in...

COSCO SHIPPING launches Qinzhou-Luzhou intermodal train service

"COSCO SHIPPING has launched the first Qinzhou-Luzhou regular sea-rail block. Cargoes were transport...

HHLA completes Automated Guided Vehicle charging points

"Hamburger Hafen und Logistik AG (HHLA) has completed the final charging station installation for it...

CMPort anticipates positive outlook after H1 financial growth

"China Merchants Port Holdings Company Limited (CMPort) has announced interim results for the period...

ICTSI Mexico consolidates cargo movement with four new RTGs

"Contecon Manzanillo (CMSA), International Container Terminal Services Inc. (ICTSI)’s business unit...

SIPG invests in China domestic terminal jv

"Shanghai International Port Group (SIPG), Jiangsu Port Group and Huai’an Port set up joint venture...

China faces long-term export threat, while ocean rates plummet

"Capacity demand for Chinese exports is in decline, mainly due to full inventories in Europe and the...

Australia's inefficient ports cost shippers A$605m per year, claims government

"Australia’s “underperforming” container ports are costing cargo owners A$605m per year, according t...

German government set to allow DB Schenker sell-off

"DB Schenker may finally be free of state control – and parent Deutsche Bahn. It’s been a long old s...

India looks to build 300 rail-linked freight terminals in five years

"The government of India has announced a liberalised public land leasing policy for investors seekin...

Chittagong port destroys containers to free yard space

"To free Chittagong port’s yard space as well as the containers which remained occupied for long tim...

Port of Antwerp-Bruges and duisport agree long-term partnership

"Port of Antwerp-Bruges and duisport signed a long-term cooperation agreement on 8 September with th...

MSC reroutes ships further south of Sri Lanka to protect blue whales

"Mediterranean Shipping Company (MSC) is urging its peers to follow its lead and alter their routes...

APMT Pipavav carries out seven ship movements in five hours

"APM Terminals (APMT) Pipavav has successfully handled seven ship movements within a span of five ho...

German ports congestion unwinds matching European trend

"Congestion at major German and Dutch ports has stabilised over the past few weeks, Valencia now bea...

Yang Ming 'under pressure' from shippers demanding contract rate cuts

"Yang Ming chief operating officer Chang Chao-feng has admitted that, as spot rates fall, the carrie...

MSC aims to minimise container losses through DNV’s Anti-Roll Assist system

"At the SMM trade fair in Hamburg, DNV and MSC signed a contract to apply the new DNV Anti-Roll Assi...

Yang Ming leases 6,000 reefer boxes

"Yang Ming Marine Transport Corp has leased 6,000 units of 40-ft high-cube PrimeLINE® reefers, of wh...

CMA CGM sells final stake in Global Ship Lease

"CMA CGM has sold its last remaining stocks in New York-listed Global Ship Lease, a company it spun...

Maersk halts Fort Worth import bookings amid inland backlog

"Maersk has put a temporary halt on new import bookings through Fort Worth, Texas, as the backlog of...

Shipper seeks $600,000 from CMA CGM in latest FMC complaint

"A US-based shipper is alleging that CMA CGM has withheld five of its ocean containers for several m...

Dalian Shipyard orders rudders for two Danaos Shipping container vessels from Damen Marine Components

"Full spade rudders with asymmetric leading edge and bulb in the wake of the propeller to further en...

Wallenius Wilhelmsen to adopt AI-based voyage optimisation in world-first

"Wallenius Wilhelmsen is becoming the first global shipping company to adopt a fully AI-based approa...

Global Ports, FEDC to fund VSC’s expansion plans

"Global Ports Group and the Corporation for the Development of the Far East and the Arctic (FEDC) ha...

Felixstowe congestion casts bad omen for upcoming Liverpool strike

"Congestion at the Port of Felixstowe has soared following the eight-day strike action at the UK por...

Potential second Felixstowe strike may overlap with Liverpool stoppage

"The Loadstar understands that dockers at the Port of Felixstowe are set to be balloted over a secon...

Reefer challenges take a bite out of booming global perishables trade

"Shortages of reefer containers and escalating costs are affecting global flows of perishables." See...

Two-tier market emerging as ocean carriers win or lose on spot vs contracts

"A two-tier market within the container shipping sector is opening up as spot rates in key trades co...

China-Europe rail rates falling, but port congestion is propping up demand

"China-Europe rail freight rates have fallen in recent weeks, as have ocean prices, but demand appea...

Box-handling squeeze in Brisbane as cotton exporters eye 2023 bumper peak

"Carrier association Shipping Australia (SAL) is urging cotton exporters to prepare early for the 20...

Yang Ming denies conflict caused two directors’ departure

"ang Ming Marine Transport has issued a statement to refute media speculation that the departure of...

ICTSI Subic to enhance productivity with new equipment

"ICTSI's Subic Bay International Terminals (SBITC) will deploy four additional rubber-tired gantries...

Inflation, interest rates to further ‘cool’ H2 US imports: retailers

"US retailers on Wednesday further downgraded their expectations for year-on-year declines in import...

Hapag-Lloyd standing firm on annual contract rates: CEO

"Container carrier Hapag-Lloyd will not be renegotiating annual contracts with shippers despite spot...

New Maersk warehouse opens in India

"A.P. Moller – Maersk (Maersk) has opened a brand-new warehouse in Bhiwandi, India in cooperation wi...

Carriers profiteering from container chaos in flood-wracked Pakistan

"The major flooding across Pakistan has seen up to 7,000 containers stranded on the road between Kar...

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