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New China-Europe Intermodal Route Opened

File Photo: Belt and Road Initiative, State Information Center

Marking the opening of a new China-Europe freight train route a freight train left Xi'an, capital of northwest China's Shaanxi Province, heading for Bishkek, capital of Kyrgyzstan.According to a report in Xinhua, the train consists of 42 containers loaded with laptops, LED panels, green tea and other products manufactured in Hunan province.

ONE Launches India-Europe Direct Service

Map: Ocean Network Express

Ocean Network Express (ONE)  announced the launch of a new direct service, the Indian Ocean Service 3 (IO3), which covers South East India, Mediterranean, and North Europe.The new product will offer new port coverage and boost reliability to a wider range of direct port call options to ONE’s valued customers,

Pilbara Ports Annual Throughput Down

Image: Pilbara Ports Authority

Australia's Pilbara Ports Authority has delivered a total annual throughput of 697.2 million tonnes (Mt) for the 2018/19 financial year. This result is a less than 1% change (decrease of 2.06 million tonnes) from last year’s record annual throughput.In June 2019, Pilbara Ports Authority achieved a total monthly throughput of 64Mt,

ONE Offers New African Service

Map: Ocean Network Express

Container lines Ocean Network Express (ONE) is launching a new service covering Africa, India and the Middle East (AIM).The new product will broaden ONE’s already expansive global coverage by offering direct port calls between West Africa, South Africa and key locations in West Asia.The new service

IRClass Takes Over Chairmanship of IACS

Arun Sharma (Photo: IRCLass)

Arun Sharma, Executive Chairman of the Indian Register of Shipping (IRClass), has been elected as the new Chairman of the International Association of Classification Societies (IACS) in a recent Council meeting held in Busan, Korea.Sharma took over as Chair on July 1st and has outlined his key priorities

Singapore Ranked World's Top Shipping Center

Photo:Government of Singapore.

For the sixth year running, Singapore has clinched the top spot among the world's maritime centers in the Xinhua-Baltic International Shipping Centre Development Index.The island city-state in Southeast Asia beat 42 other cities such as Hong Kong, which ranked second, as well as London, which ranked third.

2020 Bulkers Fixes 3 Bulkers with Koch

Pic: 2020 Bulkers

Norwegian shipowner 2020 Bulkers has reached time charter agreements for three of its newbuildings with Koch Supply & Trading, a subsidiary of Koch Industries.Bulk Sandefjord has secured a new 36 months time-charter at an index-linked rate, reflecting a premium to the Baltic 5TC index.The time-charter

Shipping Majors Join CargoSmart Digital Initiative

Pic: CargoSmart

The provider of software-as-a-service based shipping and logistics solutions, CargoSmart has announced the official execution of the Global Shipping Business Network (GSBN) Services Agreement with shipping majors.According to a statement from the shipment management software company, CMA CGM, COSCO Shipping,

Rhine water levels hit 2-month low

File Image: Cargo movement along an inland waterway in Germany (CREDIT: AdobeStock / 
 © digitalstock

Water levels along the Rhine river, a key waterway for transporting commodities and other products from coastal areas to inland locations in France, Germany and Switzerland, fell to their lowest since May 21, Refinitiv Eikon data showed.Levels at the Kaub <WL-KAUB> location in Germany hit 201

Samskip Appoints Laaksonen as Group CEO

Kari-Pekka Laaksonen, Group CEO Samskip (Photo: Samskip)

Samskip, a European multimodal service provider group, appointed Kari-Pekka Laaksonen as the Group Chief Executive.Laaksonen, who takes up his post at Samskip’s Rotterdam headquarters on August 1st, 2019, is the former CEO of Samskip competitor Containerships, where he led the Finnish group’s aggressive growth from 2012.

Port of Los Angeles June Volumes Up 5.8%

Image: Port of Los Angeles

The Port of Los Angeles moved 764,777 Twenty-Foot Equivalent Units (TEUs) in June, the busiest June in the Port’s 112-year history.The month marked the end of Fiscal Year 2018-19 in which the Port moved 9,688,252 TEUs, a 5.7 percent improvement over the previous fiscal year, a press release from the American  port said.

TEN Fixes Suezmax Tanker with a EU Firm

Pic: Tsakos Energy Navigation

Greek tanker owner Tsakos Energy Navigation (TEN) announced an up to 36-month charter to a major European oil concern, for a suezmax tanker.The crude tanker is currently operating in the spot market on a minimum rate with profit sharing provisions to capture any freight upticks during the life of the contract.

Yang Ming Enhances Network

Pic: Yang Ming Anatolia

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has announced new China-Thailand direct service and Thailand - Indonesia express service.Under the impact of rising global trade tensions, a relocation and adjustment of cargo flow and supply chains is expected. To cope with this trend, Yang Ming Marine Transport Corp.

Nakilat Profits Rise 7%

Photo: Nakilat

Nakilat said for the first half of the year ended June 30, 2019 that it achieved a net profit of $130 million compared to $122 million during the same period in 2018, an increase of 7%.Nakilat’s financial performance is driven by the acquisition of two additional Liquefied Natural Gas (LNG) carriers

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