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Container shipping will shake off an array of risks from Japan to the Middle East and rates will begin a seasonal recovery in the second quarter, the head of the world's biggest container shipping line said, Cargonewsasia reports. Maersk Line, which carries 15 percent of all seaborne containers, is seeing a decline in exports from Japan but expects the d...
Forth Ports, the largest port owner and operator in Scotland, has a agreed to a £760m takeover offer from its largest shareholder, Arcus European Infrastructure Fund, The Telegraph reports. The £16.30-a-shares deal was announced alongside full-year results which showed a 20pc rise in pre-tax profits to £56.3m on revenue up 5pc to £...
MEMBERS of the Caribbean Shipowners Association said last week they will reduce the amount of bunker surcharge they assess on shipments from the United States to Caribbean ports. CSA members said they will lower the charge from US$120 per TEU to $90 per TEU from March 27, reports American Shipper. "The members of the association will continuously monitor ...
PORT of Portland grew its container volume in the first two months of the year to 32,348 TEU, a 21.2 per cent lift compared to its breakbulk tonnage which saw a decline of 33.8 per cent. Although exports exceeded import volume at the Oregon harbour, imports grew faster to 15,432 TEU, a 24.8 per cent increase, according to American Shipper. Breakbulk saw a...
Two piers at a quake-hit port in northern Japan have already resumed operations and several smaller ports are likely to reopen within a few days, a government official said on Thursday. Two piers at the medium-sized Onahama seaport in Fukushima prefecture are now available for 30,000 tonne vessels, the official said. Two smaller seaports further up the ...
A new record in handling of pinewoods has been created by the V.O. Chidambaranar Port Trust, Tuticorin, by discharging 11,971 pieces (6,532 tonnes) of pinewood on a single day recently. India's National Newspaper Hindu said. The logs were unloaded from m.v. Alam Senang at Berth number 8 on March 15. The previous record was 6,002 tonnes unloaded from the...
Multi-billion dollar investments in port operations across the Middle East, highlights their continuing role as the most important transport sector for regional trade. There are currently around 35 ports within the Gulf region, many of which are currently undergoing expansion to meet increasing trade demand, especially with unrest spreading across North Afr...
Peter Wong, DP World’s senior vice president and managing director for the Asia Pacific region, has met authority of Ho Chi Minh City to seek the city’s support to quicken dredging of the Soai Rap River to facilitate its port project, reported Vietnam News Brief Service. The slow dredging progress has slowed down the Saigon Premier Container T...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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