The Port of Rotterdam said the European Union’s proposal to appoint a supervisor for ports in every member state will increase bureaucracy on the waterfront.
Germany’s HSH Nordbank, the world’s biggest ship financier, warned the crisis in the shipping market could deepen through 2014, as it announced sharply lower net income and more than tripled loan loss provisions.
Containerized exports from the Indian subcontinent and the Middle East to regions in Europe, Africa, and the Americas saw significant growth in March 2013, according to data from Container Trades Statistics.
The European Union is sending a strong signal that it intends to improve service standards and efficiency at ports to spread traffic more evenly across the European waterfront and ease congestion.
Zim will end its involvement in the two Northern Europe-related trans-Atlantic services that are currently part of its service offering, linervision reports.
Containerized export volume from Europe to North America reached 322,300 20-foot-equivalent units in March, its highest volume since July 2012 and the second highest volume in this lane since the JOC began collecting this data in January 2011, according to data from Container Trades Statistics, Ltd.