Port of Melbourne sets sights on net zero target

Port of Melbourne targets to achieve net zero emissions for Scope 1 and 2 for Australian port operations by 2030. More specifically, Port of Melbourne plans to achieve its net zero targets by sourcing 100% of the electricity needed for its business operations from renewables and transitioning its corporate vehicle fleet and marine survey vessel […]

Container traffic at Saudi ports increase in May

Saudi Ports Authority (Mawani) reported 709,944 TEUs in May, translating to an 18.8% year-on-year growth. Data coming out of Mawani’s ports show a 28.18% increase in exports to 224,718 with imports jumping 35.98% to 236,358 TEUs in May 2023. Additionally. transshipments inched up by a marginal 0.15% to 248,866 TEUs in the previous month. On […]

Evergreen connects 1,000 new reefers to the internet

Evergreen Marine Corp. has decided to enhance its latest reefer injection of 1,000 Star Cool Units from Maersk Container Industry (MCI) with a monitoring tool, after a successful year-long connectivity trial of the Sekstant reefer monitoring solution. “By equipping Star Cool reefers with the Sekstant monitoring solution, we are able to offer our customers even […]

FIATA renews partnership with CargoWise for second year

The FIATA International Federation of Freight Forwarders Associations and Wisetech Global continue their partnership for the second year aiming to proceed with the digital transformation of the logistics supply chain industry. “As FIATA continues to facilitate digital trade for its members with its Digital FBL, the need for robust and reliable partners on the digitalisation […]

Container lines see important decline in revenues and earnings in 2023 first quarter

Sea-Intelligence said there were indications of a weakness in the market in the second half of 2022, which has manifested fully in the first quarter of 2023. Revenues declined quite sharply, in the range of 35%-70% year on year, while in terms of earnings before interest and taxes (EBIT), there was a stark difference for […]