Container ship operators are being told that finding new ways to cut costs to stay profitable is the "new normal" in container shipping. The discipline is being imposed on them, in part, by orders for large newbuildings, which will postpone cyclical recovery.
Plummeting cargo flows to Venezuela are forcing major carriers and feeder operators to reduce services as they grapple with poor port productivity and hinterland connections.
Maersk relaunched SeaLand in January to provide more specialized service in the Americas’ north-south trade. After some early hiccups, it is now reporting solid progress.
Israel is hoping that a $2 billion port expansion drive, involving construction of two major container terminals at the ports of Haifa and Ashdod, will help it stave off a trade capacity crunch.
China, Japan, and South Korea are expanding an initiative aimed at sharing information, particularly warnings of danger, following the deadly explosions that rocked Tianjin port last month.
Amid shaky Brazilian business confidence, the country’s agriculture and livestock minister is trumpeting the near completion of dozens of contracts worth nearly $2 billion with importers in 14...
APM Terminals hopes that the opening of its Turkish container terminal at Petkim Port,near İzmir on Turkey’s west coast, in early 2016 will be just the first phase of its expansion in the country.
The port of Jacksonville, seeing an opportunity to save hundreds of millions on harbor deepening, has asked a terminal operator to consider relocating closer to the mouth of the harbor.
China Merchants Holdings (International)’s first half net profit jumped 29 percent year-over-year to HK$2.8 billion ($US 361 million) after throughput gains at Chinese terminals exceeded China’s...
Brazilian beef exporters are poised to double their shipments to Iran after the major Middle Eastern importer ended a three-year ban on non-frozen shipments from the state of Parana.