Amid ongoing action to rescind the massive fines imposed by the Korea Fair Trade Commission (KFTC) on South Korea’s liner operators, lawmakers plan to amend the country’s Monopoly Regulation and Fair Trade Act to exempt the shipping industry from its jurisdiction to prevent a recurrence. KFTC has imposed a fine in excess of US$613 million […]

Ocean Network Express (ONE) has seen an astronomical increase of 1,432% in its 2021 first-quarter profits, which exceeded US$2.55 billion, mainly driven by the continuous strong container market. Besides, the Singaporean line has announced significant growth in its revenue, earnings before interest and taxes (EBIT) and earnings before interest, taxes, depreciation, and amortisation (EBITDA) during […]

The German logistics company, Rhenus Group is further expanding its presence in the Polish market with the planned acquisition of the Polish freight forwarding and logistics company C. Hartwig. With this acquisition, Rhenus is aiming to strengthen its global Air & Ocean network and expanding its position in Eastern Europe. The nine new polish locations […]

Hapag-Lloyd has announced its preliminary half-year figures for 2021, expecting a significant increase in both operational and financial results. The German carrier expects an Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) of approximately US$4.2 billion for the first half of 2021, compared to around US$1.3 billion during the same period of the last year. […]

The container operations at the Port of Houston seem to return to normal with the port stating that Bayport and Barbours Cut Container Terminals have opened to truck traffic. In addition, Port Houston said that access to N4 and Lynx systems is also open to all users, while Application Programming Interface (API) and Electronic Data […]

Tianjin Port Group and Guangzhou Port Group have inked an agreement to commence a direct route between the ports, to cut down on transhipments. This is part of Tianjin Port’s FAST (Freight, Accuracy, Saving, Team) scheme to expedite container shipments. Chinese liner operators, such as COSCO Shipping Lines’ intra-Asia arm Shanghai Pan Asia Shipping, Zhonggu […]

The 20,388TEU container vessel, Ever Given called at the Port of Rotterdam at 05:15 (local time) today (29 July), with a delay of nearly four months. Ever Given docked at the quayside of ECT Delta terminal in the Amazonehaven, where all continental containers will be unloaded. As it can be seen in the following video, […]

Petrolesport (PLP), a Global Ports Group company located in the Big Port of St. Petersburg, has installed a video surveillance system on its ship-to-shore (STS) gantry cranes. The equipment will improve the crane operator’s visibility and increase the safety of container handling, according to an announcement. “Monitoring cargo movement with cameras will increase the safety […]

Hapag-Lloyd has announced several rate increases, which will take effect in August, for sailings starting from Asia ports. Firstly, the German carrier will impose a General Rate Increase (GRI) of US$950 per TEU for all types of cargoes heading from the Middle East and the Indian Subcontinent to the East Coast of South America. This […]

DP World has handled 19.7 million TEU across its global portfolio of container terminals in the second quarter of 2021, with gross box volumes increasing by 17.6% year-on-year on a reported basis. The UAE-headquartered global port operator said the performances of its terminals in India, Europe Australia and Americas were the main drivers for the […]