Maersk extends lease at Port of NY and NJ by 33 years
COPENHAGEN : The Danish shipping powerhouse A.P. Moller – Maersk said it has agreed to extend the lease on its APM Terminals Elizabeth facility at the Port of New York and New Jersey by a
Saudi Ports Authority announces Electronic Integration of Dammam and Riyadh Ports
RIYADH : The Saudi Ports Authority has finalized the electronic integration of the King Abdulaziz Port in Dammam with Riyadh Dry Port, set to streamline operations and billing for containers transported via railway. Starting
First LNG-fueled PCTC delivered to AD Ports’ Noatum Maritime
YANTAI : The naming ceremony for the 7,000 CEU PCTC UGR Al Samha was held on March 20 at Yantai Port ahead of the vessel’s maiden voyage. According to AD Ports, UGR Al Samha
China’s Container Crisis: Falling Rates and Cooling Demand Concern Traders & Lessors
HAMBURG : China’s container logistics businesses face mounting pressure as declining container prices and leasing rates caused by weak cargo demand strain the industry. The market is experiencing growing inventory glut, making it harder
Will port fee proposals reshape US dry bulk imports and export trades?
LONDON : Cargo movements into and out of the United States could be re-shaped by proposals to levy fees on port calls by Chinese built or operated vessels, as well as potential sanctions based
DP World announces major expansion to increase global capacity by 5.4 Million Teus in 2025
DUBAI : DP World has unveiled plans to enhance its global container handling capacity by approximately 5.4 million twenty-foot equivalent units (TEUs) throughout 2025. This expansion aims to accommodate growing demand in key international
Hong Kong based CK Hutchison Holdings’ sale of Panama Ports to U.S. investors sparks criticism in China
HONG KONG : The controversy surrounding the deal by CK Hutchison, founded by Hong Kong billionaire Li Ka-shing, to sell its ports operations on both ends of the Panama Canal to American investment giant BlackRock keeps
India plans to increase Chabahar Port capacity 5 times in next 10 years
NEW DELHI : India is set to invest nearly Rs 4,000 crore to expand operations at Iran’s Chabahar Port, aiming for a five-fold increase in capacity to 500,000 TEUs (twenty-foot equivalent units) over the