APM Terminals has ceased its operations at the Port of Jacksonville, and SSA Marine will provide stevedoring for the 2M Alliance’s recently launched TP10/New Everglades service.
Dredging to host a rail terminal that will connect the Port of Mombasa to the capital of Nairobi is set to begin.
Italian shipowner Grimaldi has ordered three new car carriers, with an option for a fourth vessel, just three weeks after signing a contract for five ships and an option for seven more, taking its total investment to $465 million and underscoring the revival in the global automotive industry.
The G6 alliance’s decision to call at Gdansk on its Asia-Europe service reflects Poland’s status as the fastest growing market on the trade, according to Drewry Maritime Research.
As Mexico’s manufacturing output has increased steadily over the last decade, so has the throughput of its major ports along the Gulf of Mexico and Pacific Ocean. Mexico in 2014 handled more than 5.7 million 20-foot-equivalent container units, 10 times more than it handled in the first full year of the North American Free Trade Agreement in 1995. To keep pace with that growth, Mexico’s federal government in April announced it is investing $5 billion in its ports.
Gary Wilcock, managing director of Kerry Logistics Europe, passed away on June 21 after a short battle with cancer. He was 54.
The world’s insatiable appetite for civilian drones was evident in China’s trade figures that showed 160,000 units of civilian drones worth $120 million were exported from January through May this year.
Mexico is no longer the low-wage sourcing location for low-value consumer products for the U.S. market that it was two decades ago when the North American Free Trade Agreement with the U.S. and Canada was implemented.
Spot rates on the major east-west routes recorded a second week of sharply rising prices as a general rate increase converged with widespread sailing withdrawals by the shipping alliances to finally bring some good news to the battered trade.