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May 12, 2023

Germany approves COSCO investment in Hamburg container terminal

International Shipping, Foreign Ports, Shipping Line, Trending News
HAMBURG : The German government has finally approved the acquisition of a minority stake in Container Terminal Tollerort (CTT) by COSCO Shipping Ports. The Chinese port operator will buy the 24.9% shareholding in the
May 12, 2023

Brazil’s 2023 maize exports could rise 8%, benefitting shipping : BIMCO

International Shipping, COMMERCE, EXPORT, Trending News
COPENHAGEN : “Brazil remains on track for a record maize harvest this year, and exports could rise 8% in 2023. Brazil could thereby become the world’s largest maize exporter this year, which would partially
May 12, 2023

Supply Chain Professionals sound alarm on Recession, Geopolitical Tensions and Cost Pressures in H2 2023

International Shipping, Logistics, Trade, Trending News
HAMBURG : A survey with 1200 supply chain professionals aimed to understand the biggest challenges they foresee for their business in the second half of the year showed that recession in the US remains
May 11, 2023

JAXPORT welcomes largest container ship ever to call Jacksonville

International Shipping, Foreign Ports, Shipping Line, Trending News
FLORIDA : The Jacksonville Port Authority (JAXPORT) set a new port record with the arrival of ONE Stork, the largest container ship to ever call Jacksonville in Florida, US. Operated by Singapore-headquartered shipping line
May 11, 2023

Leading container lines show improved schedule reliability

International Shipping, Shipping Line, Trending News
COPENHAGEN : Danish maritime data analysis company Sea-Intelligence showed schedule reliability data through March 2023 in its latest report. March 2023 saw a further month-to-month gain in global schedule reliability, this time by 2.4
May 11, 2023

K Line revenue up 24.5% in 2022

International Shipping, Shipping Line, Trending News
TOKYO : K Line reported higher revenue and profit for its 2022 financial year, with a broadly positive outlook for its various shipping segments in 2023. K Line’s annual report for the year to
May 11, 2023

Hapag-Lloyd launches green biofuel-based transport solution

International Shipping, Maritime, Shipping Line, Technology
HAMBURG : Hapag-Lloyd has announced the launch of Ship Green, a new solution for climate-friendly, biofuel-based transport. Ship Green is accessible from anywhere at any time and does not require a long-term commitment, according
May 10, 2023

HMM starts solo intra-Asia route after ending joint operation with KMTC Line

International Shipping, Shipping Line, Trending News
SEOUL : South Korea’s flagship carrier HMM has backed out of the Korea-Thailand Express (KTX) service which it was co sharing with its compatriot regional carrier Korea Marine Transport Company (KMTC Line). Primarily an
May 10, 2023

China’s slacking imports, slowing exports peril global economic recovery

Sea Cargo, Business, COMMERCE, EXPORT, International Shipping, Trending News
BEIJING : Chinese imports plunged and export growth slowed down in April as the recovery waned, raising concerns about the country’s ability to boost the global economy. Overseas shipments expanded 8.5 percent from a year
May 9, 2023

DP World and CMA CGM form joint venture to operate Chile Container Depot

International Shipping, Foreign Ports, Logistics, Shipping Line, Trending News
SAN ANTONIO : DP World and CMA CGM have created a new company Chile Inland Services (CIS), a joint venture to operate a container depot and bonded storage facility 10 km from the Port
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