CMA CGM on Wednesday announced the acquisition of German short sea shipping line OPDR in the latest move by the French carrier to boost its share of the fast growing intra-European container shipping market.
Keeping track of the constantly changing rates and amendments in the container booking system is complex and an exercise in frustration for forwarders, beneficial cargo owners (BCOs) and NVOCCs, but crucial to establishing a bottom line cost, believes CargoSphere president Neil Barni.
Congestion at West Coast ports could get slightly worse over the Thanksgiving weekend as longshoremen and employers take time off to celebrate the holiday.
APM Terminals is eyeing expansion in Turkey to take advantage of container volume growth at the nation's Mediterranean and Black Sea ports.
The idle container ship fleet has fallen to its lowest level since the global financial crisis erupted in late 2008 , as port congestion on the U.S. West Coast and in Manila keeps vessels in work.
The Port of Houston Authority has selected Lockwood, Andrews & Newnam Inc. to design the first phase of a new rail line to the port’s Bayport terminal.
The value of U.S. trade with Mexico and Canada increased by $7.8 billion in September, exceeding $100 billion for the seventh straight month as manufacturing activity and freight shipping in all three North American Free Trade Agreement partners expanded.
Hamburg increased container traffic by 6.4 percent in the first three quarters, closing the gap with Rotterdam, the European market leader, and stretching its lead over third-ranked Antwerp.
Clarksons, the world’s largest shipbroker, is paying £281.2 million [US $440 million] for its Oslo-based rival RS Platou, in a record deal likely to accelerate consolidation in the sector.
Shippers face another round of woes even after their stalled containers move from congested Los Angeles-Long Beach via intermodal rail to Chicago.
The International Transport Workers' Federation is battling with the Panama Canal Authority, accusing the PCA of trying to shut down a tugboat captains' union in advance of the canal's expansion.
A tentative U.S.-Mexico aviation pact would expand air cargo services linking the North American trading partners, but the biggest benefits may go to global shippers.
The rapid expansion of China’s largest courier SF Express both internationally and across domestic cities over the past two years has been stunning, yet the growth of e-commerce in its home market is always one step ahead.