Despite the ongoing operational disruption due to Covid-19, investment, revenues, and profits are all increased at the Port of Tyne in the United Kingdom. More specifically, over the previous 12-month period, revenues reached US$56,60 million (£47,3 million), up US$5,86 million (£4.9million), and EBITDA, or investable profit, was US$12,68 million (£10.6 million), up US$1,56 million (£1.3 […]

CMA CGM has announced eight new rail solutions with block trains in the Chinese provinces of Hunan, Sichuan, Hainan and Guangong for a capacity of 740 TEU a week. The French transportation company has developed a rail network in China with 58 rail corridors in North China, Central China and South China, providing multi-departures each […]

The Singaporean container shipping line Pacific International Lines (PIL) has become a new member of the World Shipping Council (WSC). PIL is currently ranked 12th in the world with a fleet of around 100 boxships with its global trade network spans Asia, Africa, Latin America, Middle East and Oceania, while it has offices and agencies […]

A Covid-19 flare-up in Shanghai just eight days after emerging from a two-month lockdown has returned the port city to square one, raising concerns of more slowdowns in the world’s busiest container port. Residents in 14 of Shanghai’s 16 districts have been ordered to test for Covid-19 over the weekend, after 11 cases were detected yesterday (9 […]

Indian shippers — already battling to secure vessel space — are going to be hit by more sailing disruptions on weekly Europe connections. CMA CGM has announced three sailing omissions for Indian ports this month on its premier EPIC2 [Europe-Pakistan-India-Consortium] Service, operated jointly with Hapag-Lloyd. The latter markets it as the Indian Ocean Service (IOS). […]

The Shanghai International Port Group (SIPG) has announced a container “land-to-water” service, covering the ports in the Yangshan area and Waigaoqiao area of Shanghai Port to related ports in the Yangtze River and Yangtze River Delta areas. The measure is taken in order to alleviate the pressure on road transportation caused by the impacts of […]

The Israeli box carrier ZIM has announced a new charter transaction with a group of investors initiated by MPC Capital AG, according to which ZIM will charter a total of up to six 5,500 TEU wide beam newbuild vessels. The chartering period will be seven years and the total charter hire consideration is approximately US$600 […]

The Port of Los Angeles (POLA) has registered the busiest January in its 115-year history by processing 865,595 TEU, which is a new milestone for a Western Hemisphere port. This performance also translates to a year-on-year increase of 3.6%, according to the Port of Los Angeles data. Meanwhile, loaded imports reached 427,208 TEU, reflecting a […]

Ningbo-Zhoushan, China’s second busiest container port is still open for business as the country battles another wave of Covid-19 infections, but the drive to keep out the disease has slowed trucking logistics. Bunkering sources told Container News that, “Only Zhenhai and Beilun (districts in Ningbo) have been locked down. The port itself is still functioning, but people […]

Mediterranean Shipping Company (MSC) has finally surpassed Maersk as the largest container shipping company in the world in terms of TEU capacity, according to the latest Alphaliner’s figures. MSC had significantly closed the gap from its Danish rival in the latest months and with the acquisition of the 4,992 TEU Mexico, which was until recently on […]