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Industry news

• Central Africa’s only deep-sea port takes shape at Kribi

  Time: 2016-03-16 | Publisher: glafamily

  

  Construction work is set to commence on the second phase of the only deep-sea port in central Africa at Kribi, Cameroon after a second round of financing was arranged with the Export-Import Bank of China.The second phase of the project will cost $675.5 million and consist of two container berths, two bulk cargo berths a...
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• APMT Pipavav gets new intra-Asia service

  Time: 2016-03-14 | Publisher: glafamily

  

  APM Terminals-operated Pipavav Port’s efforts to grow container volumes received a big push earlier this week when the INDFEX, or India-Far East Express, consortium introduced a regular weekly call at the minor facility on India’s west coast.The intra-Asia INDFEX is a vessel-sharing agreement between W...
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• US fines Maersk Group units millions

  Time: 2016-03-13 | Publisher: glafamily

  

  The U.S. government has fined two Maersk Group units a total of $3.66 million for documentation violations related to a defense contract the company described as “the submission of improper invoices.”  Farrell Lines, a subsidiary of the Maersk Group’s U.S. flag carrier Maersk Line Limited, and Da...
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• AAL, Peter Dohle launch semi-liner service

  Time: 2016-03-12 | Publisher: glafamily

  

  AAL and Peter Döhle Schiffahrts-KG will launch a joint semi-liner service using multipurpose vessels with heavy-lift capability between Asia, the Middle East and Europe.The companies said the new service will combine fixed routes with flexible port calls, using multiple classes of heavy-lift/multipurpose carri...
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• Russia seeks to develop Arctic shipping route

  Time: 2016-03-11 | Publisher: glafamily

  

  The poor relations between Turkey and Russia have the latter focusing on the active development of the Northern Sea Route through the melting Arctic during the next several years, according to recent statements of Russia’s Deputy Prime Minister Dmitry Rogozin.Tensions between the two countries have been dangerousl...
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• Successful US ports integrate shippers into operations

  Time: 2016-03-10 | Publisher: glafamily

  

  LONG BEACH, California — For beneficial cargo owners, the marine terminal used to be a big black hole that their containers would fall into and somehow magically emerge a few days later. Today, BCOs are an extension of the operations staff at the most successful ports.“Probably there’s not a day that goes by that BCO...
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• US Coast Guard, World Shipping Council work to clear up SOLAS confusion

  Time: 2016-03-09 | Publisher: glafamily

  

  WASHINGTON — The U.S. Coast Guard has said it is communicating with the largest global container line group in an effort to hash out the details behind a controversial new container weight rule set to take effect in just 116 days.The news that the two are communicating just days after the World Shipp...
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• Asia-Europe container spot rates near all-time low

  Time: 2016-03-08 | Publisher: glafamily

  

  Ocean container spot freight rates on the Asia-North Europe trade closed in on its all-time low, declining almost 10 percent this week on the world’s largest shipping route.The rate to ship a 20-foot container from Shanghai to Rotterdam fell $26 this week to $231, the second-lowest level since the Shanghai Containerized Freight...
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