Intermodal

Asia-N.Europe Box Rates Fall 8.1 pct

Freight rates for transporting containers from ports in Asia to Northern Europe fell 8.1 percent to $713 per 20-foot container (TEU) in the week ended on Friday,

G6 Updates Asia-North America West Coast Service

Two services will be merged into one until further notice / Reason is change in market demand / All other services remain unchanged. Members of the G6 Alliance

Trieste Terminal Selects N4 TOS

Navis has announced a new N4 terminal operating system (TOS) licensing agreement with Italian terminal, Trieste Marine Terminal (TMT). TMT selected the Navis TOS

Union Pacific Profit Falls, Pressure on Freight Continues

Union Pacific Corp on Thursday reported a lower quarterly net profit that was hurt by falling freight volumes, especially coal, and warned the strong U.S. dollar,

Antwerp Port Inks Iranian Collaboration

Last week Antwerp Port Authority signed a collaboration agreement with Shahid Rajaee Port Authority which controls the port of Bandar Abbas in Iran.   Bandar

CMA CGM Adds Weekly India Port Calls

CMA CGM Group announced the launch of two new weekly services, EPIC 1 and EPIC 2, between the Arab Gulf, Pakistan, North West India and North Europe. The current

A Painful Shipping Record – Vessel Scrapping

More containership capacity is being demolished than ever before, including old-design ships made redundant by the new Panama Canal. Drewry checks if this end the

Shift in Shipping Market Direction

It has been a year full of turmoil and poor market performance in the shipping markets, yet over the past couple of months both sentiment and real market direction

Ghana cuts GDP Forecast

Ghana has cut its 2016 economic growth forecast sharply to 4.1 percent from 5.4 percent due to lower export prices and irregular oil production, Finance Minister Seth Terkper told Reuters on Monday.

Shipping Oversupply Persists Despite Scrapping Increase: Drewry

A record number of around 150 container vessels are expected to be scrapped in 2016 but it will not be enough for an industry battling over capacity, low demand and falling rates,

Hapag-Lloyd, UASC Merger

Hapag-Lloyd and UASC have signed a Business Combination Agreement.   The Combined company will rank among the world´s five largest liner shipping companies and

Elektrans Selects SDSD Asset Management System

Elektrans Shipping, part of the Elektrans Group have selected and are now implementing the Web based integrated fleet management system, Marine Asset Management System (MAMS).

Global Tonnage Continues to Grow

 2015 saw further growth in total Group entered tonnage, which increased from 1,047 billion GT as at August 2014 to 1,088 billion GT as at August 2015, says annual

Cosco Bypasses Railway Strike by Sea Route

 Cosco has decided to transfer its containers to the port of Koper in Slovenia from Piraeus in order to deal with the Greek railway strikes.   Cosco has got around

Port of Ystad Posts Record First Half

Port of Ystad, which saw record-breaking volumes in 2015, continues reaching new record numbers in 2016 for traffic to and from Poland and the Danish island of Bornholm.

Ruscon Integrates Terminal Operations in Novorossiysk

RUSCON, a multimodal operator in Russia, is integrating its terminal operations close to the Black Sea port of Novorossiysk.   RUSCON’s Novorossiysk and Yug terminals

Shipping’s Half Year Report – “Must Do Better”

 With the spread of challenges facing the industry, it’s unlikely the shipping markets would achieve many top grades, says Clarksons Research.    However some

China and India Key Markets for Transportation

 The transport sector is looking to Asia Pacific as the key market for investment over the next five years, according to the seventh The way ahead Transport survey

Italians Seen Bidding for Greek Railways, Russians Uncertain

Italy's state railway is expected to bid for its Greek counterpart TRAINOSE, but Russian Railways (RZD) is less likely to do so, sources with direct knowledge of the matter told Reuters on Tuesday.

South Asia Shining in Container Growth

 Amid generally weak demand around the world the South Asia region is the shining light for container growth, says Drewry's Maritime Research.   Growth in container

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