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Logistics

Port of LA, GE Expand Digital Portal Solution

Teams scale digital pilot, adding terminals and shipping lines throughout Port to help goods move more efficiently through America’s largest container port   Less than a year since launching a first-of-its kind digital solution to keep cargo flowing efficiently through America’s largest container port,

Port of Incheon Volume to Reach 3.08 million TEU in 2017

Photo:  Port of Incheon

 The Container Handing Volume by the Republic of Korea's  Port of Incheon is expected to reach 3.08 million TEU in 2017, said a company release.   On August 3, the Incheon Port Authority (IPA) announced that its container handling volume for the second half of the year would be 1.61 million TEU, totaling 3.

Vopak Expands Pengerang Terminal

Pic: Royal Vopak

 Royal Vopak and its joint venture partners intend to expand their independent storage terminal, Pengerang Independent Terminals Sdn Bhd (PITSB) in Pengerang, Johor in southern Malaysia.    PITSB will be expanded with 430,000 cbm to a total capacity of 1.7 million cubic meters.The expansion which is subject to final formalities,

IPA Opens New Container Route

Photo: Incheon Port Authority

 Incheon Port Authority (IPA) announced that a regular container route ‘Thailand-Vietnam Services (TVX)’ launched by five shipping companies – Namsung Shipping, Dongjin Shipping, Pan Continental Shipping, Pan Ocean and CK Line – was newly opened.   Starship Pegasus (1,800 TEU) provided for the TVX

Port of Los Angeles: Highest Cargo Numbers Ever Produce Lowest Emissions

File Image / the port of Los Angeles, CA (CREDIT: AdobeStock / (c) Ginton)

Emissions inventory shows 2016 was a banner year for green growth.   The Port of Los Angeles achieved record clean air gains while moving more cargo than ever, according to the Port’s 2016 Inventory of Air Emissions. Released today, the annual report also shows the Port surpassed its 2020 goal for

Asia Tankers-VLCC Rates to Remain Low on Tonnage Glut

File Image: A VLCC Underway in the Suez Canala (CREDIT: Suez Canal)

Around 90 ships charter free for early September loading.   Freight rates for very large crude carriers (VLCCs) on Asian routes will remain under pressure for at least the next month, facing strong headwinds from a glut of tonnage, brokers said.   "There are around 80 to 90 ships available for charter

TOTE to Enter U.S.-Mainland-Hawaii Trade Route

Photo:  TOTE Maritime

 Transportation and logistics company TOTE announced its intention to establish a new domestic shipping service to Hawai’i.   The company is working with Philly Shipyard to construct four new environmentally advanced containerships, custom built for the trade. This week began conversations to secure

Port of Hamburg Maintains Seaborne Cargo Volume

Photo: Port of Hamburg

 At 70 million tons, first-half seaborne cargo throughput in Hamburg in 2017, including the general and bulk cargo segments, all but matched the previous year’s, being only one-fifth of one percent (0.2%) lower.   In the first six months of 2017 containerized general cargo throughput at 4.45 million

Market Conditions Unchanged: Containerships

Image: Containerships

 Multimodal transport company Containerships said the guidance for 2017 remains unchanged. In 2017, Net Sales are expected to grow by 5-10% and EBITDA for the full year is expected to improve on the previous year.   The company does not expect any major changes in market conditions. The challenging

Trade Across North Sea To Grow: DFDS

Photo: DFDS

 In spite of the ongoing Brexit discussion, DFDS continued to increase its volumes on the North Sea freight routes to and from the UK. Continued growth in the UK and EU economies is good news for all, said a press release from Northern Europe's largest shipping and logistics company.   DFDS' recently

Port of Hamburg’s 2017 Volumes on Pace with 2016

© HHM/Dietmar Hasenpusch

At 70 million tons, first-half seaborne cargo throughput in Hamburg in 2017, including the general and bulk cargo segments, all but matched the previous year’s, being one-fifth of one percent (0.2 percent) lower. In the first six months of 2017 containerized general cargo throughput at 4.45 million

Maersk Wants Trade Finance Role

(File photo: Maersk Line)

Maersk Line, the world's biggest container shipper, is venturing into trade finance, as it seeks to fill a lending gap left by indebted banks pulling out of the crisis-hit shipping industry.   Moving into traditional bank territory and further down the shipping value chain, Maersk Line, part of A.

Maersk Reports Q2 Loss, Sees Cyber Attack Bill at $200-$300 Mln

Maersk Chief Executive Soren Skou (CREDIT: Maersk)

Danish shipping group A.P. Moller Maersk reported an unexpected net loss in the second quarter due to terminal and tanker impairment charges, but said it was upbeat on the container shipping outlook.   Maersk also said it expected a $200 million to $300 million bill from a June cyber attack that disrupted

Fog Lifts as Maersk CEO Remains Upbeat

File Image: The Madrid Maersk, one of Maersk's largest boxships. CREDIT: Maersk

Container shipping fundamentals at best since 2010 - CEO.   Denmark's A.P. Moller Maersk gave an upbeat outlook for container shipping on Wednesday, lifting its shares by more than 4.5 percent as investors looked beyond one-off second-quarter charges.   Maersk has been hit by low oil prices at its

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