Shipping News
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MAWANI and CMA CGM Group announce the launch of an integrated logistics platform in Jeddah Port
The Saudi Ports Authority (Mawani) has signed an agreement with CMA CGM Group, a world leader in shipping and logistics, to build an integrated logistics platform at Jeddah Islamic Port. The new facility will be established on 130,000 sq. meters of land leased by the port administration with the overall…
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Rodolphe Saadé, Owner of CMA-CGM, will take control of Gefco with the help of Bercy
The payment of the proceeds of the sale to the Russian Railways which participate directly in the war poses a political problem. The file must be finalized before April 11. A race against time is underway to save the French transport company Gefco, a collateral victim of the war started…
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SAN PEDRO BAY PORTS KEEP ‘CONTAINER DWELL FEE’ ON HOLD
Los Angeles, Long Beach to Reassess Activation on April 8 The Port of Los Angeles and Port of Long Beach announced today that consideration of the “Container Dwell Fee” will be delayed another week, until April 8. The two San Pedro Bay ports have seen a combined decline of 56%…
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Five European ports partner with Mærsk Centre on green corridor
The partnership will focus on the establishment of green corridors in Northern Europe and the Baltic Sea. Five Northern European port authorities have entered a partnership with the Mærsk Mc-Kinney Møller Centre for Zero Carbon Shipping to create a new European Green Corridors Network. The port authorities are Gdynia, Poland;…
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Maersk : A Guidance for Decarbonise Logistics
A.P. Moller – Maersk join forces with the World Business Council for Sustainable Development, Smart Freight Center, and + 25 global companies to co-develop actionable and implementable guidance to quantify the impact of end-to-end GHG logistics emissions from supplier to the final customer. Over the past year, we’ve seen a…
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Belgium’s Euronav halts operations with Russian customers
For Euronav, Russian business represents less than 5% of its turnover. Belgian shipping enterprise Euronav has paused operations with Russian clients in the wake of the country’s invasion of Ukraine. Euronav, which has a fleet of large tankers, offers crude oil shipping and storage services to its customers. The business…
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Nor-Shipping gears up for “most important” week as industry stands at crossroads
After almost three years of waiting, it’s finally time for Nor-Shipping again, as key industry decision-makers ready themselves to descend upon Oslo and Lillestrøm next week. ‘Your Arena for Ocean Solutions’, taking place 4-7 April, will be the first major international gathering of maritime and ocean industry leaders since…
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Oslo tops chart for shipping listings
Øivind Amundsen, CEO of the Oslo Børs, the Norwegian Stock Exchange, part of the Euronext Group, ‘shares his thoughts on why Norway offers an unmatched infrastructure for raising capital amid a market uptick in new listing sectors like containers and car carriers. Oslo Børs has firmly cemented its position as…
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Xeneta container rates alert: long-term ocean freight rates up almost 100% year-on-year
Oslo, Norway – Long-term contracted ocean freight rates climbed by 7% in March, pushing shipping prices up 96.7% year on year. The rise, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices for the contract market, further boosts the coffers of leading carriers, with Evergreen the latest name to…
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