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Hapag-Lloyd Ups Profits, But Warns of Risks

(Photo: Hapag-Lloyd)

German container shipping line Hapag-Lloyd on Wednesday reported preliminary results for the first half of 2020 showing core profits above those of the same 2019 period and upholding its guidance for full year earnings.However, the company said in an ad hoc announcement that the forecast was subject

Vancouver's G3 Grain Terminal Opens

(Photo: G3)

A newly built grain export terminal has opened for business at the Port of Vancouver on Canada’s West Coast, Canadian grain company G3 announced.G3 Terminal Vancouver is a a British Columbia limited partnership between G3 Global Holdings (a limited partnership between Bunge Canada and SALIC Canada Ltd) and Western Stevedoring Company Ltd.

Maersk Acquires Customs Broker KGH

© aapsky / Adobe Stock

Maersk said on Monday it had agreed to buy Sweden-based customs broker KGH Customs Services for 2.6 billion Swedish crowns ($281 million), as the container shipping group seeks to expand its end-to-end logistics services.Maersk since 2016 has sold its oil and gas business and focussed on its container

CMA CGM to Impose Emergency Surcharge at Cape Town Port

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CMA CGM, the world's fourth-largest container shipping line, will impose emergency congestion surcharges at Cape Town port in July due to disruptions caused by the coronavirus, it has told customers.From July 1 until further notice, it will impose a surcharge of $550 for 20-foot containers and reefers and a $1,

DP World Completes Integration of Unifeeder and Feedertech

(Photo: DP World)

DP World announce Tuesday it has finished integrating its recent acquisitions Unifeeder and Feedertech, creating a feedering and shortsea network serving hundreds of ports across the globe.Unifeeder, which recently acquired Feedertech, operates feeder and shortsea services around northern Europe and

Chinese Shipments Held for Extra Customs Checks in India

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Customs officials at Chennai, one of India’s biggest ports, have held shipments originating from China for extra checks, sources aware of the delays told Reuters, amid a backlash against China over a border clash in which 20 Indian soldiers died.The increased scrutiny on shipments from China at Chennai Port,

Video: New Container Moves World Record Set in Port of LA

MSC Isabella at APM Terminals’ Pier 400 in the Port of Los Angeles (Photo: Port of Los Angeles)

The 18,465 containers moved from the ultra-large container vessel (ULVC) MSC Isabella at APM Terminals’ Pier 400 in the Port of Los Angeles last week set a new world record for most boxes moved during a single port call.The Port of Los Angeles, MSC Mediterranean Shipping Company, APM Terminals Los Angeles

Cuba Cancels Economic Fair as Imports Plummet

© EGT / Adobe Stock

Cash-strapped Cuba has canceled its annual international trade and investment fair slated for November due to the pandemic, state-run media reported on Friday, even as fallout from the novel coronavirus hammers revenues and imports.Container traffic at the port of Mariel, responsible for 90% of containers entering the country,

Final Containership Leaves Stockholm's Frihamnen Port

(Photo: Ports of Stockholm)

The unloading of the final containership at the Frihamnen port in Stockholm marks the end of an era.The 1,349 TEU Dutch-flagged containership Essence unloaded the final cargo at Frihamnen on June 1, but the CTF container terminal will remain open until June 23 to allow customers to collect the last of their containers.

Container Shipping Hit Hard by US Lockdown -BIMCO

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The coronavirus pandemic has shutdown much of the U.S. economy for months and even as parts of it reopen, the data is beginning to reveal the extent of the damage that has been done and a slow recovery is taking a tentative shape.The second estimate for gross domestic product (GDP) in the first quarter

Port of LA Cargo Volume Down 30% in May

© trekandphoto / Adobe Stock

The coronavirus pandemic and ongoing U.S.-China trade tensions threaten the peak holiday shipping season for the Port of Los Angeles, which just suffered its slowest May in more than a decade, Executive Director Gene Seroka said on Wednesday.The busiest U.S. port and the No. 1 U.S. gateway for ocean

CMA CGM Sees Shipping Bottoming Out in Q2

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CMA CGM expects activity in the shipping sector to bottom out during the second quarter as countries emerge from coronavirus-related lockdowns and ship operators adjust capacity, the France-based group's finance chief said.The world's fourth-largest container shipping line had anticipated a

CMA CGM Aims to be Carbon Neutral by 2050

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French-based CMA CGM, the world’s fourth-largest container shipping group, said on Tuesday it would aim to become carbon neutral by 2050.The company, headquartered in the Mediterranean port of Marseille, also announced in a statement a target for 10% of its energy supplies to be made up of alternative fuels by 2023.

Abu Dhabi Ports Launches Feeder Service

SAFEEN FEEDERS’ vessels will operate a pendulum loop of transhipment services to mainline operators at ports across the upper Arabian Gulf and Indian Sub-Continent, on weekly 21-day rotations from Khalifa Port in Abu Dhabi. (Image: Abu Dhabi Ports)

Abu Dhabi Ports has established a new feeder services company, SAFEEN FEEDERS, to serve the group’s mainliner shipping clients in the Gulf region.SAFEEN FEEDERS will introduce a new feeder service linking Abu Dhabi to ports serving the UAE, the broader Gulf region and Indian Sub-Continent. The

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