News
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Drewry : Reefer container freight rates stabilising but to outpace dry box pricing
Reefer container freight rates across global trades rose over 50% in the year to 2Q22, matching gains made in dry cargo pricing, and are estimated to increase further in 3Q22, outpacing dry box rates. But some stabilisation is already underway on some reefer trades and this is expected to be…
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China-Italy freight continues: almost $ 200 less in the last week
The rates for sending a 40 ‘container on the route are down by 2% to $ 8,587 The decline in freight rates for container transport by sea continues without interruption, including on the Shanghai – Genoa trade. After arriving last week at an average price of $ 8,779 for sending…
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A.P. Moller – Maersk engages in green bio-methanol partnership with Debo
Copenhagen, Denmark – Following the announcement of six strategic green methanol partnerships across the globe earlier this year, A.P. Moller – Maersk (Maersk) adds a seventh methanol partnership with Chinese bioenergy enterprise Debo on the quest to boost global production capacity. The parties have signed a Letter of Intent covering…
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Construction of 43,000 sqm Maersk Flow Warehouse to begin in Duisburg
Duisburg – A.P. Moller – Maersk is continuously expanding its network of logistics and distribution warehouses in order to offer even more end-to-end logistics solutions of the highest quality to its customers worldwide. Now that the building permit has been issued, the construction of a new Flow Warehouse will begin in…
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New E-Flexer ferry Stena Estelle takes up operation on 4 September
Karlskrona-Gdynia route receives a boost in capacity and efficiency, with the two largest E-Flexer ferries being deployed in 2022 Stena Line´s newest addition to the fleet – Stena Estelle – has already sailed around half the world. Departing from its building shipyard in East China in June, the ferry passed…
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YILPORT HOLDING APPOINTS BORIS WENZEL AS CO-CEO
Global ports and container terminals operator Yilport Holding has announced the appointment of Boris Wenzel as its co-CEO (co-Chief Executive Officer) and Chief Strategy & Investment Officer, effective on 1 September 2022, according to the company’s release. Mr. Wenzel’s last post before joining Yilport was at CMA CGM as Managing…
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DP World first-half profit jumps 52% to record $721m
Sultan Ahmed Bin Sulayem : Our strategy to focus on high margin cargo and to offer customised supply chain solutions World trade volume (goods and services) is forecast global growth at 3.2 per cent in 2022 and 2.9 per cent in 2023 DP World, one of the world’s largest port…
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ABS Rules Guide New Greener OSV
Blue G Battery System Technology to Support Sustainable Operations (KUALA LUMPUR) ABS is supporting the first offshore supply vessel (OSV) in Malaysia to feature an innovative vessel design and battery system to support more sustainable operations. The new generation OSV will be designed to ABS Rules, and ABS New Technology…
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Ardmore Shipping expands presence in Singapore to support energy transition plan
Ardmore Shipping has announced that it is expanding its presence in Singapore this year. Due to its global business and operations, Ardmore is formulating a more geographically balanced senior management team to serve the needs of its customers and partners. As part of this change, Mark Cameron, Ardmore’s Chief Operating…
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Adani Logistics to buy inland container depot for $105m
ALL will acquire an operational ICD with the capacity to handle 0.5 million TEUs. Adani Logistics (ALL), a wholly-owned subsidiary of Adani Ports and Special Economic Zone (APSEZ), has agreed to buy an inland container depot (ICD) in the Indian state of Gujarat. The deal will see ALL take over…
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