Port of Shanghai An unusual drop in prices was observed in Chinese container exports, according to chief shipping analyst at BIMCO, Niels Rasmussen, who noted that box rates, which normally enjoy a spike in the weeks leading up to Chinese New Year (CNY), seem to be on a free fall this year. In fact, spot […]

During the first eleven months of 2022, 216,965 containers have been moved by rail at the port of Valencia, representing a 10.24% increase compared with the same period in the previous year. In fact, between January and November of 2022, more than 4,200 trains have passed through the Spanish port, which is translated to a […]

Taiwanese mainline operator Evergreen Marine Corporation has paid its employees generous bonuses of up to 52 months of their salaries, prompting a strike by staff at its affiliated airline EVA Airways. Despite the correction in freight rates since mid-2022, Evergreen is set to report higher earnings for that year. Taiwanese media reported that many of […]

MSC, CMA CGM, Evergreen Marine Corporation and Zim Lines registered the largest fleet growth among liner operators in 2022, according to Alphaliner’s latest report. The four lines engaged in aggressive newbuilding orders, long-term charters and second-hand purchases to bolster their competitiveness just before the freight market began normalising in mid-2022. MSC, which overtook Maersk Line as […]

President of the United State, Joe Biden signed into law the Water Resources Development Act (WRDA) of 2022, the biennial legislation authorising federal flood control, navigation and ecosystem improvements that include the Port of Long Beach Channel Deepening Project. “We are grateful to members of the House and Senate and the Army Corps of Engineers […]

Global Ports PLP terminal Global Ports Investments PLC has announced that it had entered into binding agreements with CMA Terminals on cash free shares swap. In exchange for 25% of Multi Link Terminals Ltd Oy, Finland, Global Port will receive 25% of CD Holding Oy, Finland, and 25% of Multi Link Terminals Ltd, Ireland, which […]

Port of Oakland’s container volume dropped in November with both full imports and full exports being at lower levels compared to November 2021 and October 2022 volumes. Total loaded container volume declined 15% from November 2021, recording 131,929 loaded TEUs. November full imports of the Californian port decreased by 17.4% year on year, reaching 68,646 […]

The port authorities of Antwerp-Bruges and Rotterdam will make it mandatory to use a bunker measuring system on board bunker vessels to measure the exact amount of fuel delivered to sea-going vessels. According to the Dutch port, this follows an independent study in both Antwerp and Zeebrugge and Rotterdam, which showed regular quantity issues in the […]

CMA CGM-owned intra-Asia shortsea specialist CNC has announced the launch of the Yangon Cambodia Express (YCX) service, a direct connection between Myanmar, Cambodia, Singapore and Malaysia. The new service will begin its inaugural voyage on 3 January from Singapore with the following rotation: Singapore – Port Klang (Malaysia) – Yangon (Myanmar) – Port Klang – […]

Port of Chittagong With a significant fall of mainly the import cargo and also the outbound one, the Chittagong port is set to slip down from three million TEU club this year due to global trade disruptions linked to the war in Ukraine. This year, the prime seaport of Bangladesh will face a significant fall […]