rss icon Subscribe
desktop mobile

Containers

Port Operator ICTSI to Double Capacity at Congo Terminal

© Mike Mareen / Adobe Stock

Philippines-based port operator International Container Terminal Services Inc. (ICTSI) will more than double the capacity of its container terminal in Congo as part of a $100 million expansion, the company said on Thursday.Located on the Congo River, the port city of Matadi, where ICTSI operates the

Mega Box Ship on Maiden Call at APM Costa Rica

Image: APM Terminals

APM Terminals Moín made history when it welcomed the MSC Sara Elena, the largest container ship to ever berth in Costa Rica, measuring 300m long and a capacity of 8,000 TEUs.In 337 lifts, exports of key Costa Rican exports, included pineapples and bananas, were loaded onto the Sara Elena destined for Rotterdam, the Netherlands.

Container Contract Rates Rise in November

Pic: Xeneta

The ongoing trend of downward pressure on long-term contracted ocean freight rates appears to have been broken, or at least temporarily derailed, with marginal increases seen across the board in November.According to the latest XSI Public Indices report from Xeneta, which provides unique business intelligence

Container Volumes Growth Sluggish

Graph: BIMCO

With fleet growth of 3.7%, compared to global container shipping demand growth of only 1%, even blanked sailings have been unable to lift freight rates, says BIMCO.According to the largest international shipping association representing shipowners, container shipping has in the last few months felt the effects of the trade war digging in,

CargoSmart Intros Connected Reefer Solution

Pic: CargoSmart

CargoSmart, the provider of global shipment management software solutions, announced its brand-new CargoSmart Connected Reefer Solution, a one-stop reefer cargo management solution for ocean carriers and shippers.The AI and IoT-enabled solution features end-to-end information transparency, including

Yang Ming Sees Weaker Demand

File Image: Yang Ming Marine Transport Corporation

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation takes a hit with a net loss of about USD 42 million for the third quarter and sees signs of "weaker demand" in the container market.Yang Ming said that according to analyst firm Alphaliner’s latest projections, annual capacity growth is forecast at 3.

First Metrans Vectron Released

Pic: © METRANS Rail (Deutschland) GmbH

Rail freight operator Metrans received the first Vectron multi-system locomotive at its container terminal in Prague.The vehicle is part of an order of ten multi-system locomotives. They are being manufactured in the Siemens Mobility factory in Munich-Allach and will be delivered in full by spring 2020.

Maersk Tests Containerized Battery System

Pic: Maersk

Danish shipping giant Maersk will install a containerized 600 kWh marine battery system on board the 4,500 TEU Maersk Cape Town in December 2019 to improve vessel performance and reliability while reducing CO2 emissions.“This trial will provide a greater understanding of energy storage that will

Gothenburg Port Reports Steady Rise

Container handling increased by four per cent from January through September at the Port of Gothenburg. Photo: Gothenburg Port Authority.

The Swedish container market had a slight downturn during H1 2019, with a 1% fall, but the Port of Gothenburg has reported a steady rise in both market share and volume.Between January and September this year, the figure stood at four per cent, due largely to continued influx of hinterland rail volumes at the port.

Xeneta Expects Further Disruption in Container Rates

Patrik Berglund, CEO & Co-founder. Photo: Xeneta

Further disruption in ocean freight rates expected despite best efforts from leading carriers, according to Xeneta Container Rates Alert.Long-term contracted ocean freight rates for carriers continued their downward trend through the month of October, it pointed out.The latest freight data from the

Hapag-Lloyd Intros IMO2020 Transition Charge

Image: Hapag-Lloyd

German international shipping and container transportation company Hapag-Lloyd has introduced IMO2020 Transition Charge (ITC) for short-term contracts.The introduction of the IMO2020 sulfur cap as of 1 January 2020 marks a milestone for the shipping industry to reduce marine pollution and become more sustainable,

Boom in Container Shipping: VesselsValue

Graph by VesselsValue

The Containership market has been showing some significant gains across both earnings and values, particularly in the Post Panamax and New Panamax segments, says VesselsValue.The US China trade war has had a negative impact on vessel demand. In terms of values, it’s been very much a split market,

Duisburg to Open New Trimodal Terminal

Pic: Duisburger Hafen AG (duisport)

The largest trimodal  container terminal in the European hinterland is being developed in the Port of Duisburg.Duisburger Hafen AG (duisport) is set to build a US$111.2mln  new 220,000 m² trimodal container terminal on the site of its current coal island in response to a sharp decline

DP World Reports Lower Quarterly Global Cargo Volumes

© jamesboy / Adobe Stock

Port operator DP World reported on Tuesday a third quarter decline in cargo handled across its global portfolio as volumes fell in Dubai for a sixth consecutive quarter.The operator said it handled 18 million twenty foot equivalent unit (TEU) containers in its ports in the three months to Sept. 30, down 1.

Maritime Apps