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.
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.
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.