Shipping News
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Maersk flags off ‘Pratigya Express’, a new dedicated weekly rail service from NCR to APM Terminals Pipavav
The ‘Pratigya Express’ pledges guaranteed weekly cargo loading for exporters from National Capital Region (NCR) to APM Terminals Pipavav Port in Gujarat on the western coast of India. Mumbai: A.P. Moller – Maersk (Maersk), the integrated logistics company, continues to design and implement logistics solutions that address the ever-evolving needs…
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Khazaen Dry port joins Maersk’s Port of Call network
KDP is now bookable as a port of destination on global shipping lines including Maersk’s global ocean shipping network Integrating KDP within Maersk’s network provides Omani traders with a unique advantage and a gateway to new shipping routes across the globe. KDP offers its customers easy access to global markets…
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Stonepeak and Spirit Super to acquire Australia’s GeelongPort for A$1bn
Brookfield and State Super have sold Australia GeelongPort, the second-largest port in Victoria, to Stonepeak and Hobart-based Spirit Super for an undisclosed price. Sources told IPE Real Assets the price was around A$1.1bn (€711m). Back in January, Spirit Super had a 51% stake in a consortium, involving Palisade Investment Partners, which…
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How does demurrage, detention and port charges work..??
Even though there are distinct differences between demurrage, detention and port charges, many are still oblivious to these differences and there have been several questions on this blog relating to these charges.. International Trade and Costs When it comes to international trade, majority of the buyers and sellers use Incoterms to…
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NYK Shipmanagement Celebrates Its 21st Anniversary
NYK Shipmanagement Pte. Ltd.* (hereinafter referred to as NYKSM), an NYK Group company, held a ceremony at the Swissotel in Singapore to celebrate its 21st anniversary. NYKSM’s 20th anniversary fell on October 1, 2021, but due to measures to prevent the spread of COVID-19, a ceremony was not held. This…
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Port of Oakland October container volume up 5.9%
Loaded imports and exports make gains over last month and last year The Port of Oakland’s full imports and full exports rose compared to last month (September 2022 volumes) and compared to October 2021 volumes. Total loaded container volume rose 5.9% compared to October 2021. The Port handled 145,868 loaded…
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Canada to Apply National Security Test to New Port Investments
Bill C-33 is said to propose targeted legislative changes to implement the new approach and review port investment. The Government of Canada has announced a new policy statement to support private investment in its national ports, which will apply various factors such as the national security scanner. Expected to help…
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Damen selects Rheinmetall to supply next generation MLG27-4.0 gun systems for F126 frigates
Technology group Rheinmetall to supply eight modern MLG 27-4.0 protection systems for F126 frigates Damen Naval has selected German technology group Rheinmetall to supply eight state-of-the-art MLG27-4.0 defence systems for the F126 frigates the shipyard is building for the German Navy. Each frigate will be equipped with two MLG27-4.0 systems.…
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What is RoRo (Roll on/off) ?
RoRo (Roll on/off), LoLo (Lift on/off), or via container carriers are the three principal modes of shipping to choose from when shipping bulk cargo across an ocean. What is break bulk cargo? Break bulk cargo is non-containerized and usually transported in individual pieces due to cargo often being over-sized and overweight. This means that freight…
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