CMA CGM will sign an order for three 20,600 TEUs container ships this week, the French carrier’s vice-chairman said.
Two road trips 50 years apart reveal how far Mexico has come — and hasn’t — in its development as a trade giant.
Carriers that have been passing on the benefits of lower fuel costs to shippers may not be so generous as freight rates continue their steady decline, is the view of Drewry in its latest Container Insight Weekly.
CMA CGM’s profit soared more than 43 percent in 2014 as the French carrier transported a record number of containers, cuts costs and trimmed its debt.
HONG KONG — The first 1.2 million square feet of Goodman Chongqing Airport Logistics Park has been developed as part of a
Hyundai Merchant Marine is selling its bulk shipping division, the latest in a series of assets that South Korea’s second-largest shipping conglomerate is shedding to raise liquidity.
Ninety International Longshore and Warehouse Union coastwide caucus delegates on Monday will open meetings in San Francisco that will determine the fate of U.S. West Coast ports for the next five years. The caucus will recommend approval or rejection of the tentative ILWU-Pacific Maritime Association contract.
West Coast ports continue to reduce vessel and container backlogs that built up during the nine months of labor negotiations, with the ports of Oakland, Seattle and Tacoma progressing at a faster pace than Los Angeles-Long Beach.
A week after announcing its formation, a new shipper coalition in Shanghai lambasted container lines for focusing on price to the detriment of service.
Yemen has shut down its major seaports after a series of airstrikes from neighboring Saudi Arabia against rebels fighting Yemen’s Western-backed government, according to various reports.
The Port of Tokyo will become Japan’s first and Northeast Asia’s second port to join the international Environmental Ship Index program and reward environment-friendly container ships.
New depth restrictions on container ships calling at the port of Santos, supported by pilots citing dangers to navigation from shallow channels, is sparking criticism from carriers and terminals affected by the restrictions.
The Port of Houston’s volume of loaded import containers in February jumped 44 percent from a year earlier, boosted by shippers seeking an alternative to congested West Coast ports.