Global Trade

Friday Focus: Hyperloop Advances in New Test

Hyperloop One has continued to make history with the successful completion of its second phase of testing, bringing the revolutionary transportation method a little closer to being able to move passengers and cargo at great speeds within a pod

ICTSI Reveals All About Australia’s Automated Terminal

International Container Terminal Services’ (ICTSI) has released more details about its fully automated Victoria International Container Terminal (VICT) after the international container handling facility at the Port of Melbourne, Australia, was completed last year

CMA CGM Reveals Marco Polo Towing Exercise

CMA CGM has released footage of a towing exercise between its 16,020 TEU Marco Polo containership and two tugboats off the coast of Le Havre, a major port in northern France’s Normandy region

Japanese Giants Report Growth in Run-Up to ONE

Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines (MOL) and Kawasaki Kisen Kaisha (K Line), the three Japanese shipping conglomerates proposing a merger into the Ocean Network Express (ONE), have all increased profits and revenues for the first quarter of their fiscal year 2017

Two Captains Receive IMO Medals for Bravery

Two members of the Houston Pilots in the US are to receive the 2017 International Maritime Organization’s (IMO) Award for Exceptional Bravery at Sea after they averted a major tragedy when the ship they were piloting broke down and burst into flames after colliding with mooring dolphins

Drewry: Ocean Carriers to Profit Through Oligopoly

Drewry has stated that container shipping companies are on track to achieve sustainable profitability through oligopolization, as 10 carriers move towards controlling approximately 82% of the world fleet

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