News

Pedal power: Colombo dockworkers issued with bicycles as fuel shortages cripple local economy

“The dire economic situation in Sri Lanka has seen port workers at the island’s main port of Colombo issued with bicycles to get around as fuel shortages hit home.” See the original story at Splash247. Source: Splash247 (JK)

Federal grant to boost Baltimore’s on-dock rail capacity

“The Port of Baltimore has received a $15.6 million federal grant to fund new on-dock railroad tracks and lifting equipment, part of the port’s long-term plan to boost its intermodal reach.” See the original story at JOC. Source: JOC (JK)

West Coast longshore talks resume after 10-day break: source

“Contract negotiations between the International Longshore and Warehouse Union (ILWU) and the Pacifi...

Savannah berth work causes vessel backlog to swell

“More than 20 vessels are anchored outside Savannah this week after recent construction work took a...

Terminals around the world brace as Shanghai exhales

“With Shanghai progressively reopening, gateway terminals in western consuming nations are bracing f...

Moody’s upgrades Danaos rating

“Moody’s Investors Service has upgraded the corporate family rating (CFR) of the Greek ship owner Da...

HHLA builds up influence in the Baltic with new gantry cranes

“The Hamburger Hafen und Logistik AG (HHLA) terminal in the Port of Muuga has received two larger co...

APMT Aarhus boosts straddle carrier fleet as cargo grows

“APM Terminals Aarhus, Denmark (APMT Aarhus) has taken delivery of six new straddle carriers to boost handling capacity at its container terminal.” See the original story at Port Technology. Source: Port Technology (JK)

ONE orders 10 new large containerships

“Ocean Network Express (ONE) has signed ship building contracts with Hyundai Heavy Industries Co. Ltd and Nihon Shipyard Co, Ltd.” See the original story at Port Technology. Source: Port Technology (JK)

China opens cabotage market to foreign carriers, Maersk carries out historical transportation

“After the historical opening of the cabotage market in China, Maersk has announced its first batch...

Boxship collides with oil tanker in Chittagong jetty

“Container ship X-Press Kohima suffered serious damage on Monday (30 May) afternoon after being hit...

China Container Terminal Corp. appoints Yang Ming ex-chairman as independent director

“Taiwanese container terminal operator China Container Terminal Corp. (CCTC) has appointed Yang Ming Marine Transport’s ex-chairman Bronson Hsieh as an independent director.” See the original story at Container News. Source: Container News (JK)

CP inks deal to move CMA CGM volumes in Canada

“Canadian Pacific Railway will handle the majority of CMA CGM’s container volume through Canada afte...

Pandemic demand overwhelmed ocean capacity, drove rates higher: FMC

“A two-year-long investigation into the impact of the pandemic on container shipping has shown that...

Our South East India – Europe (IEX) service has port updates

The following release was published by Hapag-Lloyd:

If you are shipping between Europe and Bangla...

US port congestion will worsen through 2022 peak: industry leaders

“Port congestion in the US will get worse before it gets better. That is the message coming from ocean carriers, forwarders, and others.” See the original story at JOC. Source: JOC (JK)

CMA CGM to improve the rotation of MIDAS 1

The following release was published by CMA CGM:

In a continuous effort to provide our clients wit...

Costamare ditches China newbuild order for six neo-panamax container ships

“Container ship tonnage provider Costamare has cancelled an order for six neo-panamaxes to be built in China.” See the original story at TradeWinds. Source: TradeWinds (JK)

CMA CGM to launch TMX 1.2, a new Pendulum Express service linking Turkey/Spain/France/Algeria

The following release was published by CMA CGM.

As there are always BETTER WAYS to address a...

Timor Port adds tugs, cranes as part of $500 million investment drive

“Timor Port, a subsidiary of Bolloré Ports, has received new handling equipment to boost its container terminal capacity.” See the original story at Port Technology. Source: Port Technology (JK)

Myanmar takes tenders for new international container terminal

“Myanmar’s Ministry of Transport and Communications has invited tenders to conduct a feasibility stu...

Fire breaks out in Indian port

“A conveyor belt has caught fire at a loader in Visakhapatnam Port, India. The incident happened in the afternoon of 30 May.” See the original story at Port Technology. Source: Port Technology (JK)

San Pedro Bay Ports delay container fee decision despite Maersk warning

“The San Pedro Bay Ports of Los Angeles and Long Beach have delayed consideration of the “Container...

Chinese yard newbuild orders drop 44.8% in first four months

“Affected by the covid-pandemic domestically, the major shipbuilding indexes of Chinese shipyards showed clear decline during January-April 2022.” See the original story at Seatrade Maritime News. Source: Seatrade Maritime News (JK)

Panama’s Colon Port – highest Latin American box volumes in 2021

“The United Nations’ Economic Commission for Latin America and the Caribbean (ECLAC) has released it...

Mumbai barge service cuts costs and time for Goan shippers

“In a significant move that could reinvigorate the modal freight shift from land to sea, PSA Interna...

Zim to hand back transpacific workhorse as carriers review expensive charters

“Containership owners are playing hardball with ocean carriers on fixture extensions for larger tonnage they have locked into deployment on alliance network loops.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘Bullwhip’ ready to crack, as spot rates get a boost and Shanghai reopens

“With Shanghai on the cusp of unlocking its manufacturing and unshackling frustrated container exports, spot rates from Asia are set to increase in the coming weeks.” See the original story at The Loadstar. Source: The Loadstar (JK)

Bangladesh forms US$250 million refinance scheme for shipbuilding industry

“Bangladesh has formed a US$250 million refinance scheme to support the shipbuilding sector which become prey of the Covid-19 pandemic-linked global economic slowdown.” See the original story at Container News. Source: Container News (JK)

Tokyo Kisen launches electric tugboat Taiga

“On 26 May, Japanese tugboat services provider Tokyo Kisen held a naming and launching ceremony of the electric tugboat Taiga, currently under construction at Kanagawa Dockyard.” See the original story at Offshore Energy. Source: Offshore Energy (JK)

Sea Lead launches new service with Virginia as first US East Coast call

“Sea Lead Shipping has inaugurated its new AEC service which lists the Port of Virginia as the first US East Coast stop.” See the original story at Port Technology. Source: Port Technology

Shanghai bounces back as the Covid wave shrinks

“The Port of Shanghai has almost fully reinstated daily operations, although the ongoing backlog wil...

Port of Montreal adds extra capacity with new eco-friendly vessels

“The Montreal Port Authority (MPA) has welcomed the new CMA CGM Montreal and other eco-friendly vessels to provide extra capacity between Canada and North Europe.” See the original story at Port Technology. Source: Port Technology (JK)

Container barge nearly sinks in Indonesia waters

“The Marcopolo 188 barge has almost sunk in the waters of Karimun Regency, Riau Islands (Indonesia) leaving 12 containers floating in the sea.” See the original story at Port Technology. Source: Port Technology (JK)

Port of New York and New Jersey records second-busiest month yet

“The Port of New York and New Jersey recorded its second-busiest month yet in April 2022 – up nearly 33 per cent from April 2019.” See the original story at Port Technology. Source: Port Technology (JK)

Freight rates begin to rise as Shanghai slowly reopens for business

“Chinese forwarders are seeing freight rates rise as factories re-open and goods start to move.” See the original story at The Loadstar. Source: The Loadstar (JK)

Anger as terminal operators impose new customs charge on UK imports

“UK ports have begun charging “customs clearance fees” in what a source claims is an effort to recou...

Lack of free tonnage keeps charter market insulated against freight rate falls

“While a softening in consumer demand has weakened global freight rates, the containership charter m...

Port of Virginia eyes 100% clean energy ops by 2024

“The U.S. Port of Virginia expects to fulfill all of its operational electricity needs from clean-en...

Blocked Ukrainian ports cause major congestion in the port of Constanta

“After the beginning of the Russian-Ukrainian war on 24 February 2022, Ukrainian Black Sea ports wer...

India’s Kandla Port faces cargo flow disruptions due to wheat export ban

“The Indian government’s abrupt decision earlier this month to ban/restrict wheat exports, as part o...

Yang Ming joins The Silk Alliance

“Yang Ming has joined The Silk Alliance aiming to navigate the challenge of net-zero carbon emissions in the shipping industry.” See the original story at Container News. Source: Container News (JK)

Evergreen, Yang Ming and Wan Hai join Taiwan’s seafarer recruitment drive

“Taiwan’s three largest liner operators, Evergreen Marine Corporation, Yang Ming Marine Transport an...

NY-NJ port lays groundwork for larger ships ahead of dredging

“Marine terminal operators in the Port of New York and New Jersey are planning new capacity for ultr...

Port automation debate intensifying amid West Coast labor talks

“The long-simmering debate over automation at US ports is heating up again. Whether West Coast dockw...

Maersk says green methanol shift would double fuel costs

“Using green fuels such as methanol to power its fleet will initially double Maersk’s current fuel c...

Investments at Port Saint John to increase capacity by 146%

“New Brunswick’s Port Saint John on Canada’s Atlantic coast has announced new project funding from t...

North Europe port congestion worsens despite easing volume

“A slowing of import volumes into North Europe has done little to mitigate congestion at hub ports i...

RCL adds two boxships at Waigaoqiao Shipbuilding

“Regional Container Lines (RCL) has inked a contract with Shanghai Waigaoqiao Shipbuilding for the construction of two more 7,000 teu containerships.” See the original story at Seatrade Maritime News. Source: Seatrade Maritime News (JK)

RCL launches new Asean to Gulf Service

The following release was published by Regional Container Line (RCL):

RCL with its partners Emir...

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