Container terminal at the Port of Tokyo Oceangoing containers to and from Japan’s six major ports totaled 1.13 million TEUs in July, which slid 8.7% from the corresponding month of the previous year and have registered a year-on-year decrease for four consecutive months. Looking at volumes at individual ports, Tokyo incurred a double-digit contraction, processing […]

Kalmar, a Cargotec subsidiary, has agreed to provide six Kalmar hybrid straddle carriers to Rotterdam Short Sea Terminals (RST). The order was received in Cargotec’s order intake for the third quarter of 2023, while the machines are expected to be delivered in the second quarter of the next year. RST is Europe’s largest short-sea shipping […]

Singapore is ranked the top maritime centre in the Xinhua-Baltic International Shipping Centre Development Index (ISCDI) Report for the tenth consecutive year. The report, published jointly by the Chinese state news agency Xinhua and global marine data supplier Baltic Exchange, names Singapore as the world’s leading maritime centre, followed by London and Shanghai. Singapore received […]

South Korea’s flagship box line HMM is set to become a minor shareholder in compatriot shipping outfit Polaris Shipping, which focuses on operating very large ore carriers. HMM and state-backed ship finance institution Korea Ocean Business Corporation are participating as financial investors in Woori Private Equity Asset Management (Woori PE), a private equity fund headed […]

SITC Cagayan / Source: VesselFinder SITC International Holdings, the holding company of Hong Kong-based intra-Asia carrier SITC Container Lines, said on 21 September that it will spend over US$100 million to buy five existing ships and two newbuildings from an associated company. The associate, SITC Investment, is a British Virgin Islands-incorporated entity owned by SITC […]

Maersk has announced the opening of a new, technology-driven Warehousing & Distribution (W&D) facility in Douala, Cameroon. Maersk’s new facility is located within the Douala Port Zone, which serves as a gateway to several markets within Central Africa. “With the rapid expansion of the middle-class population in the region, there is a growing demand for […]

According to the latest Global Port Tracker study released by the National Retail Federation (NRF) and Hackett Associates, imports to major container ports in the United States are likely to exceed two million TEUs for the second month in a row in September and remain there in October. “These are strong numbers and a sign […]

Marseille-based box line CMA CGM announced an update on its Asea Kenya service, offering a direct weekly call at Qingdao port. In particular, starting with the 2005-built container vessel Emmanuel P with an estimated time of arrival in Qingdao on 9 October, the Asea Kenya service will offer a direct weekly call at Qingdao and […]

In August, the Port of Los Angeles (POLA) handled 828,016 TEUs, a 3% increase over the same month the previous year. That was the port’s first year-on-year monthly increase in the last 13 months. Loaded imports totalled 433,224 TEUs in August 2023, a 7% increase over the previous year, loaded exports reached 124,988 TEUs, a […]