Clearly 2019 has been a challenging year for shipping and in its latest analysis international shipping association BIMCO highlights various “worrying trends” in container shipping. In review of 2019, one of the “most worrying trends” to affect shipping overall is the falling trade-to-GDP ratio, according to BIMCO”s analysis. Unsurprisingly, this, BIMCO says, is down to […]
APM Terminals (APMT) has said the Moin Container Terminal (MCT), Costa Rica, has opened up a new direct service to Shanghai, China, after meeting all its initial productivity targets.
Belfast Harbour has revealed a US$48.9 million expansion to its container terminal at Victoria Terminal 3 (VT3), as part of its 2035 Strategic Outlook which aims to turn it into a ‘Smart Port’ and the ‘Best Regional Port in the World’.
Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO, has helped break ground for Infrastructure Phase 1 development of the Dubai Maritime City (DMC), a leading cluster which looks to bring together regional industry and commercial needs under one umbrella.
Ports, terminals and the vessels that carry the world’s goods are critical to the global economy, as is the wave of smart technologies that allow them to answer ever-growing consumer and trade demands.
The Georgia Ports Authority (GPA) has said expansions and new business accounted for nearly US$5 billion in investment and 12,000 new jobs in the fiscal year 2019, the centerpiece of which are plans to double annual capacity at the Garden City Terminal to 11 million TEU.
The Panama Canal and the Port of Rotterdam have signed a Memorandum-of-Understanding (MoU) to promote international trade between Europe and the West Coast of South America.
OneWeb, the world’s largest satellite communications network, has today announced the details of its Arctic high-speed, low-latency internet service in an effort to bring seamless connectivity to the world’s most remote areas.
China decision to file an official complaint with the World Trade Organisation (WTO) over new tariffs from the United States (U.S.) on Chinese products is mostly a symbolic attempt to gain "moral high ground by supporting the international trading system amid the ongoing trade war", said South China Morning Post quoting analysts.
The Port of Montreal has announced an investment of approximately US$27.7 million, to be split 50/50 between itself and the Canadian government, in the latest round of funding to be injected into the country’s maritime, transport and logistics sector.
A.P. Moller – Maersk (Maersk), the biggest shipping carrier in the world by market share) has announced a 17% increase in earnings before interest, tax, depreciation and amortization (EBITDA).
The new Lamu Port in Kenya took a big step towards completion yesterday with the announcement that its first of 22 berths is finished.