Singamas Container Holdings has issued a profit warning for the year that it blames on the market downturn and predicts it will hurt the company’s profitability into the first half of 2016.
Laem Chabang port is undertaking three key infrastructure projects worth $167 million to improve efficiency and expand its position as a trade hub for ASEAN, according to port director Montree Rerkjamnian.
Headhaul Asia-North Europe volumes will have shrunk by an incredible 400,000 TEUs by the end of December compared to last year if the rate of decline continues, according to Drewry.
Innovation in robotics, driverless vehicles, big data and simulation software will be more important to port operations in the next decade as shrinking global trade volumes force ports to emphasize cost cutting and efficiency to turn profits.
The two companies operating the Port of Yokohama and the Port of Kawasaki in Japan may merge by next spring in a bid to shore up the sagging international competitiveness of the key container ports.
Jawaharlal Nehru Port Trust continues to revamp its gate systems in order to improve truck turn times and alleviate cargo delays at India’s biggest container gateway.
The shipping industry is bracing for a carbon levy on marine bunker fuels to emerge from the global climate change conference that started in Paris Monday.
Cathay Pacific has agreed to pay $4.4 million to settle litigation in Canada in a cargo anti-trust class action in which the carrier was a defendant.
IT platforms are transforming China’s less-than-truckload market, with a flood of Uber-like apps for trucks being used within cities and in the intra-city business, according to a Goldman Sachs logistics report.
Shipper groups have raised serious doubts about the benefits offered by mega alliances and the growing size of container ships, complaining of reduced choices and deteriorating service levels.
It’s a boom time at U.S. Gulf ports for imports of steel and project cargoes. From Florida to Texas, the region’s ports are enjoying a second year of increased import volumes, driven by a strong dollar and U.S. economic growth.
The Federal Motor Carrier Safety Administration released on Friday the final version of its coercion rule, the first in a number of regulations that could impact U.S. truck capacity moving forward.
Egypt set a date for completion of a side channel at East Port Said near the entrance to the Suez Canal that will allow better access to the port from the Mediterranean Sea.