Bangladesh sets target to build Bay Terminal by 2024

Bangladesh government set a target to complete the construction work of Bay Terminal and make it operational by 2024. This plan was announced on 19 August by the junior shipping minister Khalid Mahmud Chowdhury while he was visiting the terminal construction site with other high officials, including the CEO of the Public Private Partnership Authority […]

Valenciaport’s July box volumes exceed 450,000TEU

The Port Authority of Valencia (PAV) has published its operational results for July, recording a slight increase in container volumes during the previous month, but a significant year-to-date growth. In particular, Valenciaport handled 456,650TEU in July, which translates to a 0.7% increase over last year’s same month. Regarding the seven first months of the year, […]

Taiwan to spruce up seven ports by 2026

Taiwan’s Ministry of Transport and Communications (MOTC) will invest US$1.37 billion in a five-year plan to upgrade seven of the island’s international ports. The ministry’s Comprehensive Commercial Port Development Plan aims to boost aggregate container throughput to 18.6 million TEU and turn the ports of Kaohsiung, Taipei, Keelung, Hualien, Taichung, Anping and Su’ao into environmentally […]

Major container lines push up Europe and Med rates

Three of the largest container shipping companies in the world, Hapag-Lloyd, MSC and CMA CGM have announced new rates from/to Europe and the Meditteranean, which will be effective from August and September. Firstly, Hapag-Lloyd will implement an ocean tariff rate increase of US$800 per 20′ and 40′ standard container, including high cubes (HC), from the […]

MOL and Origin Energy to collaborate on green ammonia study

Mitsui OSK Lines Ltd. (MOL) and the Australian energy company Origin Energy have signed a memorandum of understanding (MoU) for a joint study to build a supply chain of renewable energy-derived green ammonia. The two partners will complete a feasibility study on marine transportation of ammonia, demand in Japan and Asia and developing a supply […]

Current logistics situation under Covid-19 in terms of container shortage and survival of NVOCCs

Gone are the days when being an non-vessel operating common carrier (NVOCC) or shipper owned container (SOC) box operator you could buy containers in any region, as per the need of any particular project of specific move, from one port to another, without facing any obstacle in getting space from vessel operators, port congestions and […]

Covid-19 hits Ningbo, fears of “the next Yantian”

Liner operators have advised customers to expect delays following the closure of Ningbo Meishan Island International Container Terminal (MSICT) after a worker there tested positive for Covid-19. Following confirmation of the worker’s infection, MSICT suspended all operations from 3:30 am local time on 11 August. Other terminals in Ningbo, China’s second busiest container port, restricted […]