Over-supply of container vessels operating on the Asia–Europe trade lane has pushed Maersk Line’s container freight rates to unsustainably low levels. In order to rationalize its service, Maersk Line is removing nine percent of its … Read more
Category Water
HE Sultan Ahmed Bin Sulayem, Chairman, DP World, together with a high-level delegation, has inspected progress on the first phase of the terminal operator’s Embraport project, the largest Brazilian private multi-modal port terminal in the … Read more
The capacity at Indian ports is likely to increase to 3200 million tonnes by 2020 from the present level of 1170 Million Tonnes. The Indian ports are aiming at a surplus capacity of above 25 percent … Read more
Executives from Petkim Petrokimya Holding A.Ş. ("Petkim"), Petlim Limancılık A.Ş. (“Petlim”) which is 100% owned by Petkim and APM Terminals signed a Heads of Terms agreement which outlines key terms of a definitive agreement to … Read more
DP World, UAE Region has won the prestigious Dubai Award for Sustainable Transport (DAST) for its work in improving the efficiency of the supply chain. The award was presented by HH Sheikh Hamdan bin Mohammed … Read more
ICAP Shipping, the shipping arm of ICAP plc, the world's leading interdealer broker, announced on February 15, 2012, a strategic partnership with The Journal of Commerce (JOC). Through this partnership ICAP Shipping and JOC will share … Read more
The vessel, built at the Wuhu Xinlian Shipyard in China in 2010, is currently deployed on Safmarine’s MPV trade between North America and West Africa. Anita Edmondson, Director of International Logistics at M-I SWACO, had … Read more
CEVA Logistics, one of the world’s leading supply chain companies, has announced the opening of two new lanes as part of its Less-than-Container Load (LCL) Ocean offering. The new lanes from Houston, U.S., to both Singapore … Read more
Union Shipping Minister G. K. Vasan has dedicated the Vessel Traffic Service (VTS) for the Gulf of Kachchh to the nation, at Kandla Port in Gujarat. The concept, design and implementation of the entire scheme … Read more
APL will begin phasing out its U.S. fleet of cargo container chassis during the first half of 2012. The Singapore-based shipping line said it expects to complete divestiture of the fleet by 2014. Chassis are the … Read more
