Shipping News
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ٍStrike Odesa port hours after grain deal and accusation Russia is ‘exporting hunger’
Sergei Lavrov on Africa tour to counter accusation Russia is ‘exporting hunger’ Russian Foreign Minister Sergey Lavrov has arrived in the Republic of Congo, the second stop on his Africa tour where he is aiming to seek support amid global anger over food shortages following Moscow’s blockade of vital Ukrainian…
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Shipping Italy : Terminal operators are leading the recovery of the Genoese maritime-port economy
All in all, the picture painted by Confindustria Genoa about the economic trend in the first half of 2022 for the local maritime-port economy is a positive With reference to the transport and logistics of goods, compared to the first part of 2021, the turnover of port terminal operators increased…
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Maersk creates a fast and reliable India-Bangladesh cross-border logistics solution
The first movement on Maersk’s end-to-end integrated logistics solution on the Indo-Bangladesh Protocol Route involved the transportation of containerized cargo from Kolkata, India, to a river port near Dhaka, Bangladesh. Maersk successfully completed the first India-Bangladesh cross-border logistics of containerized cargo using the inland waterways of the Indo-Bangladesh Protocol Route…
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Port of Rotterdam :Total throughput slightly higher despite declining trade with Russia
The volume of total cargo throughput in the port of Rotterdam was 0.8% higher in the first half of the year (233.5 million tonnes) than in the same period in 2021 (231.6 million tonnes). In many segments, the war in Ukraine led to significant changes. For example, imports of both…
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Port of Melbourne welcomes the Victorian Commercial Ports Strategy
Port of Melbourne welcomes today’s release of the Victorian Commercial Ports Strategy. “The Strategy is a welcome recognition of the important role Victoria’s ports play in the economic wellbeing of Victoria and the surrounding regional areas of both mainland Australia and Tasmania,” Port of Melbourne CEO Saul Cannon said. “We…
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Xeneta real-time container rates update: week 29
Long-term rates “through the roof” for trades into New Zealand and Australia, with some contracts up over 400% since 2019 The latest data from Xeneta shows a huge jump in the cost of long-term ocean freight rates into Australasia, with all main routes more than twice as expensive as this…
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“K” Line to equip more bulkers with Seawing kite systems
The Seawing systems were ordered for installation on three post-Panamax bulkers. Airspace SAS has received a contract to supply its Seawing automatic kite units for a further three Kawasaki Kisen Kaisha (“K” Line) vessels. The shipping firm will deploy the additional Seawing systems on three post-Panamax bulkers. “K” Line previously…
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Global disruptions and their effects: caution and future optimism in Latin America for 2022
A few months after the COVID-19 pandemic began in 2020; the world soon realized the enormous impact that the health crisis would have on the global economy, especially on sectors such as logistics & port activity, engine -until before the emergence of the Coronavirus – of the seething and endless…
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India’s Deendayal Port Authority to spend $745m for capacity growth
The terminals will be built on a build-operate-transfer (BOT) basis under a public-private partnership (PPP) model India-based Deendayal Port Authority has unveiled plans to invest $745m (Rs59.63bn) to build two mega cargo handling terminals. The port is situated in the Kutch district of the Indian state of Gujarat. Both terminals…
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DP World’s offer to acquire 100% stake in Imperial successfully concluded
Imperial Logistics Limited (‘Imperial’) and DP World Logistics FZE (‘DP World’) are pleased to advise that all conditions precedent regarding DP World’s offer to acquire a 100% stake in Imperial, including regulatory approvals, have been fulfilled. The transaction is now unconditional and will be implemented on 14 March 2022. “We…
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