Shipping News
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PSA Singapore opens Tuas Port to boost supply chain operations
The first three berths, which were built under phase one development, have begun operations PSA Singapore has opened a new Tuas Port, which is anticipated to become a ‘game-changer’ in the port and supply chain operations of the country. The first three berths, which were built under phase one development,…
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HPC Assessed Efficiency and Development at Budapest’s Rail Cargo Group Terminal BILK
Port and logistics infrastructure specialist Hamburg Port Consulting (HPC) has put forward operational development design plans for the BILK intermodal terminal in Budapest. The Budapesti Intermodális Logisztikai Központ (BILK) had a throughput of 230,000 TEU last year and is one of Hungary’s biggest intermodal logistics hubs. With cargo handling capacity…
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GPA deploys Navis N4 terminal operating system at Port of Savannah
The system will help GPA enhance the visibility of cargo movements. The Georgia Ports Authority kicked off its new fiscal year with the fastest start ever, handling 530,800 twenty-foot equivalent container units in July, an increase of 18 percent. Since January, GPA has moved 3.4 million TEUs, up 231,400 or…
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Michael Hansen to succeed Lars Petersson as CEO of Hempel A/S
Michael Hansen announced to succeed Lars Petersson as Group President and CEO of world-leading coatings company, Hempel A/S. Michael will step into his new position on 15 October 2022. Michael Hansen joined Hempel in May 2017 as Chief Commercial Officer and has delivered remarkable results as a central driver of…
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P&O Maritime Logistics partners with Unifeeder in the Middle East region
P&O Maritime Logistics will help debottleneck customer supply chains by ensuring there is a faster cargo turnaround, enabled by the company’s unique and recently modified Multi Carrying Vessels (MCVs) that now can carry containerised cargo. In partnership with Unifeeder, P&O Maritime Logistics will increase connectivity across the Red Sea between…
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Xeneta container rates alert: Long-term shipping rates stand strong, for now, in the face of softening global demand
Oslo, Norway – Long-term ocean freight rates climbed yet again in August, edging up 4.1% month-on-month to stand 121.2% higher than this time last year. The latest global data, crowd sourced by Oslo-based Xeneta for its Xeneta Shipping Index (XSI®), demonstrates that, despite softening spot rates, uneven demand and on-going…
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Chinese Yard Orders ABB Propulsion System for Giant Offshore Wind Installation Vessel
China’s Yantai CIMC Raffles Shipyard has ordered an integrated power, automation, and propulsion system from ABB for a newbuild offshore wind installation jack-up vessel (JUV) being built for the Dutch marine contractor Van Oord. The vessel, Boreas, is due for delivery to the owner in the second part of 2024,…
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Port of Oakland July volume drops 28 percent from July 2021
Week-long trucker protest caused further congestion, reduced overall volume The Port of Oakland’s total loaded container volume dropped by 28% in July compared to July 2021. Last month 116,629 loaded TEUs (twenty-foot containers) moved through the port, compared to 162,898 in July 2021. Loaded imports were down by 26.7% recording…
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SVITZER’S ‘AIM FOR 8’ TUG SPEED INITIATIVE SAVES 1000 TONNES OF CO2
Svitzer, leading global towage operator and part of A.P. Moller-Maersk, has today announced that its Aim for 8 speed initiative – which asks tug crews to navigate at a maximum speed of eight knots during mobilisation and demobilisation – has successfully prevented 1,000 tonnes of CO2 from being emitted into…
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