Chinese ports exceed 200 million TEUs in 2023 so far, Shanghai and Ningbo remain on top
BEIJING : Container volume at China ports rose by 4.8% in the January-August period, compared to the same months last year. The container throughput of Chinese ports was 203.7 million TEUs, while for the
India’s Cabotage Law Reform: A Game-Changer for Container Logistics
HAMBURG : In a groundbreaking and expansive move, India’s decision to relax its Cabotage Law has created significant waves in the nation’s container logistics industry, promising to usher in a fresh era of competition,
Construction starts on COSCO’s 2nd 700 TEU electric containership
SHANGHAI : Chinese shipbuilder COSCO Shipping Heavy Industry (Yangzhou) has started the construction of the second 700 TEU electric containership for COSCO Shipping. As informed, the construction ceremony took place on 8 May in
Govt unlikely to invite EoIs for CONCOR before July as internal processes still pending
NEW DELHI : The Centre is unlikely to invite Expression of Interest (EoIs) in Container Corporation of India (CONCOR) until the next quarter, multiple sources aware of the matter told. A senior government official
Evergreen’s new terminal in Kaohsiung to boost container volumes
KAOHSIUNG : Taiwan International Ports Corporation (TIPC) Chairman Lee Hsien-yi stated on 5 May that the newly built No. 7 terminal in Taiwan’s Kaohisung port is the country’s first fully automated container terminal, and
ZIΜ invests in refrigerated container fleet
HAIFA : ZIM has made an order of 1,000 Star Cool reefers with Sekstant door sensors and a similar volume for retrofitting to its existing Star Cool reefers. The move comes as part of
Drewry: World Container Index Up 1% last week, But 77% down on last year
LONDON : Drewry’s composite World Container Index increased by 1% to $1,763.28 per 40ft container this week.
Container shipping under pressure globally due to high interest rates : S&P Global Commodity Insights
SINGAPORE : Container shipping, globally, will be “under pressure” because of high interest rates and inflationary pressures across developed economies; which in turn brings in “recessionary traits”, says Pradeep Rajan, Head – Asia Freight,