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.
Russian regulators have initiated administrative proceedings against CMA CGM and Maersk Line after accusing the two container lines of failing to provide documents requested as part of an investigation into alleged collusion.
India and Bangladesh are moving closer to allowing introduction of coastal shipping services between the two countries with the goal of boosting bilateral trade.
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.
The Federal Motor Carrier Safety Association 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.
Spot freight rates on the Asia to North Europe and Mediterranean trades came surging back after last week’s record lows, most likely a result of carriers laying up greater numbers of the larger vessels deployed on the westbound trade.
Construction on the $50 billion Nicaragua canal has been delayed again and work will not begin until late 2016, according HKND Group, the Chinese company with exclusive rights to build and operate the waterway.
The Port of Baku, the oldest and largest port on the Caspian Sea, will complete phase 1 of its new international sea and trade port by 2017, increasing capacity to 11.5 million tons of cargo per year and up to 50,000 containers, many of which could be transshipped between China, Central Asia and Europe.
Rotterdam dock workers are planning a series of 24-hour strikes over the next two months to protest possible lay-offs at the port’s newest container terminals.
Zim Integrated Shipping Services’ financial recovery is gathering pace as the Israel-based ocean carrier posted its fourth consecutive quarterly operating profit in challenging market conditions.
South Korea's government plans to conduct research on ultra-large container ships, including the return on investment of the vessels, their impact on ports and the investment needed at terminals to handle them.
CMA CGM said it is upgrading its New Europe Mascarene Oceania service by adding new port calls, starting in early December.