Canadian partners set new inland feeder service

A Canadian merchant marine operator, Desgagnés will run an inland feeder service between Hamilton and Montreal in Canada. Desgagnés will deploy its multipurpose tweendeck, Lo-Lo cargo ship Sedna Desgagnés on the new service, which will make its first voyage on 10 June sailing from Hamilton’s Pier14 to the Port of Montreal. This shipment is the […]

COSCO in talks to acquire HHLA terminal stake

Hamburger Hafen und Logistik AG (HHLA) and COSCO SHIPPING Ports Limited (CSPL) are negotiating the purchase of a minority shareholding by CSPL in HHLA Container Terminal Tollerort GmbH (CTT), a wholly-owned subsidiary of HHLA. CTT operates Container Terminal Tollerort, the smallest facility of the three HHLA container terminals in the Port of Hamburg, and is […]

Rise in vessel speeds will increase GHG emissions

Demand for cargo on major trade lanes has increased substantially and the returns to the shipping lines and vessel owners have also increased with billions of dollars-worth of profits reported for the first quarter of this year by the lines and as the demand and profits have risen so have time charter rates and vessel […]

Evergreen back in the black in Q1

Evergreen Marine Corporation achieved a TW$16.17 billion (US$567.13 million) net profit for Q1 2021, reversing the TW$733.15 million (US$24.24 million) net loss in Q1 2020. Revenue was up 35% to TW$64.69 billion (US$2.27 billion), according to preliminary unaudited figures disclosed on 6 May. Despite concerns that the grounding and subsequent detention of the Evergreen-operated Ever […]

Incoterms 2020 FCA: Spotlight on Free Carrier

incoterms-2020-fca

Incoterms 2020 rules are the latest revision of international trade terms published by the International Chamber of Commerce (ICC). They are recognized as the authoritative text for determining how costs and risks are allocated to the parties conducting international transactions. Incoterms 2020 rules outline whether the seller or the buyer is responsible for, and must assume the […]