Indian Transport & Logistics

Shipping - Page 105

Los Angeles port handled 8% fewer containers in Oct

17 Nov 2021 7:33 PM IST
Gene Seroka, executive director, Port of Los Angeles, said the port handled around 900,000 TEUs in October, down about 8 percent from last year. Final...

Freight rate reduction could take 18-30 months

17 Nov 2021 12:22 PM IST
Global freight rate reduction could take anywhere between 18-30 months, according to Sea‑Intelligence, a research & analysis provider with strong...

Higher freight rates push Hapag-Lloyd 9-months revenue up 71%

12 Nov 2021 2:56 PM IST
Container carrier Hapag-Lloyd reported a 71 percent increase in revenue to $17.9 billion for the first nine months of 2021 compared to $10.5 billion...

COP26- New task force to aid maritime industry to net-zero goal

12 Nov 2021 2:32 PM IST
The vision of the task force is to drive decarbonisation of the industry, help the global seafaring community in its green transition and push to...

Long Beach handled lesser containers in Oct, freight rates steady

12 Nov 2021 1:12 PM IST
Port of Long Beach handled 789,716 TEUs in October 2021, down 2.1 percent from October 2020 but still the second-busiest October on record. 

12 players in race for 30-year deal to operate JNPT container terminal

10 Nov 2021 4:44 PM IST
Major global port operators including India’s biggest private port operator APSEZ (Adani Ports and Special Economic Zone Ltd), Dubai government-owned...

Maersk, wind turbines maker Vestas sign deal for container transport

10 Nov 2021 4:23 PM IST
A.P. Moller-Maersk and Vestas, a global leader of offshore wind turbines, have formed a long-term strategic partnership for containerised transport.

Container availability still worrying, prices decline

10 Nov 2021 10:32 AM IST
Huangpu, China continued to have the highest Container Availability Index (CAx) value in October, followed by Memphis and Dallas, according to data...

Tacoma terminals to collect dwell fees

9 Nov 2021 3:04 PM IST
Terminals at the Port of Tacoma, Washington have decided to collect dwell fees from importers.

Container dwell declining in LA port; congestion continues globally

6 Nov 2021 3:44 PM IST
From 87,485 containers in the port of Los Angeles on November 1, 2021 when the dwell fee of $100/container went into effect, the congestion has...

Congestion affecting vessel availability, rates

6 Nov 2021 12:36 PM IST
With 2.4 million TEUs (10 percent of the live container fleet) currently waiting globally, congestion is a major factor influencing vessel...

CMA CGM buys Los Angeles terminal Fenix Marine Services for EV of $2.3 bn

3 Nov 2021 7:46 PM IST
French container carrier CMA CGM signed a deal to acquire 90 percent stake in Fenix Marine Services (FMS) terminal in Los Angeles for an enterprise...
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