Maersk has leapt above COSCO on container liftings in the final quarter of 2021 as numbers return to pre-COVID levels. According to Alphaliner, the Asian carrier lost 13 per cent in container liftings year-on-year whilst…
The Port of Melbourne saw a 5 per cent drop in its container volumes in April 2022 – only handling 255,193 TEU. The port also reported a 6.9 per cent year-on-year decline in containers in March. Year-to-date volumes are…
APM Terminals Mobile (APMT Mobile) will add 32 acres to its current terminal to expand throughput capacity up to one million TEU and accommodate 14,000 TEU ships. The deal has been signed in agreement with the Alabama…
The Port of Gangavaram will set up its first container terminal to accelerate the growth of cargo business in the hinterland of Andhra Pradesh, India and surrounding industrial hubs. The terminal is expected to be…
The Port of Los Angeles has met expectations handling 887,357 TEU in April 2022, whilst registering a loss in loaded imports and exports. Gene Seroka, Executive Director of the Port of Los Angeles, predicted container…
The British Ports Association (BPA) has launched a new agenda for ports, setting out its vision of an expanded freeports policy. The new agenda includes business rates relief and enhanced capital allowances to all ports…
DP World has commenced construction of a new container terminal, vertical quay, and silo in the Port of Novi Sad to support the Serbian agricultural industry. The project is part of DP World’s €30 million ($21 million)…
Euroseas has signed a new contract construct two additional fuel-efficient feeder containerships due to be delivered in 2024. The vessels will have a carrying capacity of about 2,800 TEU each and will be built at Hyundai…
Ransomware cyber attacks on Costa Rican institutions have activated emergency measures across the shipping industry, as imports and exports have been heavily affected. Following a decree issued by the Customs Authority…
CARGOES Finance by DP World and global trade financing platform MODIFI will work together to facilitate access to working capital for emerging-market small and medium-sized enterprises (SMEs). The new partnership will…
International Holding Company PJSC (IHC) has finalised a $2 billion investment in Adani Portfolio companies aiming to grow India’s non-fossil energy industry. The INR 15,400 Cr ($2 billion) primary equity transaction is…
Widespread congestion at ports and inland facilities has lead to increased opportunity for thieves during the period according to a new report. BSI and TT Club have released its latest annual report about the cargo theft…
