Shipping News
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ICHCA Welcomes ILWU Canada as a new member.
The global association representing cargo handling companies, ICHCA International (ICHCA) is delighted to welcome International Longshore and Warehouse Union Canada as a new member As a leading voice in a crucial sector of the global supply chain, ICHCA brings together a wide range of players that perform a vital role…
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Bahri Logistics signs MoU with MOSOLF to collaborate on developing the automobile supply chain
Bahri Logistics, a business unit of the national shipping carrier of Saudi Arabia, and the MOSOLF Group, one of the leading system service providers for the automotive industry in Europe, today announced the signing of a Memorandum of Understanding (MoU) aims to establish and develop an automotive logistics framework initially…
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Port Canaveral Foreign Trade Zone #136 Expands with the Addition of Melbourne Orlando International Airport
New airport partnership supplies jet fuel for international flights Port Canaveral’s Foreign Trade Zone #136 (FTZ) has expanded once again with the addition of Melbourne Orlando International Airport (MLB) as a FTZ Operator for the receipt, storage, and distribution of jet fuel for international flights operating from the airport. Deliveries of jet fuel…
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Port of Oakland A+ and A ratings affirmed by Moody’s
Ratings reflect the Port’s financial picture Moody’s Investors Service (Moody’s) has affirmed the Port of Oakland’s A1 senior lien and A2 intermediate lien credit ratings. The rating outlook assigned by Moody’s to both liens remains at Stable. “These ratings represent great dedication and professional excellence by our Port staff,” said…
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COSCO SHIPPING Bulk Signs Cooperation Agreement with GSBN
COSCO SHIPPING Bulk signed a cooperation agreement with Global Shipping Business Network (GSBN) virtually, officially becoming a new member of the GSBN consortium. It indicates that COSCO SHIPPING Bulk has become an important part of GSBN to expand its non-container shipping business and build a more complete global blockchain platform.…
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King Abdulaziz Port : Anew record during the month of August, the highest in its history
King Abdulaziz Port in Dammam achieved a new record by handling 199,609 TEUs last August, which is the highest number in the volume of handling within one month in the port’s history. Achieving this volume of handling came with a difference of more than 11,000 containers from the largest record…
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SAFEEN Feeders Joins CMA CGM Group in Launching New Service for Southeast Asia
AD Ports Group’s SAFEEN Feeders will collaborate with shipping leader CMA CGM Group, a global player in sea, land, air and logistics solutions, in launching a new Southeast Asia service linking Singapore, Colombo and Chennai. The company’s SAFEEN Pioneer, which has a container capacity of 2,034 TEUs, will join CMA…
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Medgulf a new regular service to CMA CGM between Italy and Central America
CMA CGM, one of the world’s largest container lines, reported a net profit of $7.6 billion for the second quarter From next 29 September the French shipping company CMA CGM will activate, with the departure of the ship CMA CGM Navegantes, a new regular service (with weekly frequency) between Italy…
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Maersk Drilling secures six-month extension for drillship with Shell
Shell has exercised an option to extend the provisioning of the 7th generation drillship Maersk Voyager for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig’s current contract, with a firm duration of six months. The contract value of…
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Xeneta real-time container update: week 36
Xeneta questions ‘myths’ of heavily declining container volumes and bunker price unrest Oslo-based Xeneta is calling into question industry narratives of significantly declining ocean freight volumes and shipper dismay over rising Bunker Adjustment Factors (BAF). In its latest ‘Ocean Freight Pulse’ survey of its user base, made up of globally…
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