Spot rates for Shanghai container exports fall on all routes
SHANGHAI : Freight rates for container exports from China continued to decline in the eight week of the year despite transportation capacity adjustments. According to the Shanghai Shipping Exchange, the Shanghai Containerized Freight Index (SCFI),
Port of Antwerp-Bruges to strengthen relations with India with Roadshow in March 2023
MUMBAI : March 2023 Port of Antwerp-Bruges visits Delhi, Mumbai and Chennai to renew the ties between the port, Indian officials and the captains of industry of various economic sectors. The delegation is headed
PIL supports Port Klang’s community donations to Turkey and Syria quake victims
KUALA LUMPUR : With Port Klang as an important gateway port in Asia, PIL is pleased to support its community contribution towards the victims of the Turkey and Syria earthquake. The goodwill contribution by PIL
Ports of Halifax and Hamburg sign agreement to develop “Open Innovation Platform”
HAMBURG : The two port authorities of Hamburg and Halifax have officially inked a memorandum of understanding (MoU) to set up a joint maritime innovation network platform. Jens Meier, CEO of the Hamburg Port
Kenya Ports Authority digitalises cargo processing services
KENYA : To meet the administration’s goal of turning paperless in its operations, the Kenya Ports Authority (KPA) has moved its cargo handling services to the government site e-Citizen. “The move will increase efficiency
‘Haifa set to be Adani Ports’ biggest revenue generator outside India’
HAIFA : Israel’s strategic Haifa Port will be Adani Ports & SEZ’s (APSEZ) biggest revenue generator outside India, a senior executive said. APSEZ is also building an incubation centre at the port there which will be the biggest
Port of Montreal to invest over US$245 million in infrastructure projects
QUEBEC (CANADA) : The Port of Montreal has decided to spend over US$245 million (CA$335 million) in its new five-year investment strategy for infrastructure on Montreal Island. These investments are required to solidify the
Empty containers accumulate in Chinese Ports, highlighting weak demand
SHANGHAI : Within a space of a year, the catch-phrase in the liner industry has gone from “containers are hard to come by” to concerns of a container glut, as freight levels reverse to