Drewry has estimated that carrier profits will soar to $300 billion in 2022 as freight rates continue to rise. In a recent container market update, the maritime consultants said that freight rates, and consequently carrier profits, will continue t...
Mediterranean Shipping Company’s (MSC) Florida Gulf Feeder service has announced that its container vessel Reet II has made its inaugural call to the Jacksonville Port Authority (JAXPORT). The Florida Gulf Feeder service, which made its first call...
The Duisport Group has announced its annual results for Financial Year (FY) 2021, citing continued record container turnover. Over the period, container turnover at Duisport rose slightly by 2 per cent to around 4.3 million TEU, up from 4.2 millio...
The ShibataFenderTeam (SFT) has supplied cast steel quay furniture components for the Port of Rotterdam’s offshore terminal. The delivery for the new berth included 49 sets of cast steel pile saddles, 12 sets of Tricorn bollards with a capacity of...
Supply chains in the Alaska, Hawaii and Washington regions will receive a funding boost to container services following new funding announced by the U.S. Department of Transportation’s Maritime Administration (MARAD). The Northwest Connect: Critic...
A.P. Moller – Maersk (Maersk) has published its financial results for Q1 2022, posting revenues of $19.3 billion. The company’s EBITDA for the period of January to March 2022 amounted to $9.2 billion, and EBIT came in at $7.9 billion. This stro...
The Port of Shanghai has remained operational despite its ongoing lockdown – however continued disruption could lead to an uptick in blank sailings in the Asia-North America West Coast route, according to new analysis. One of China’s largest citie...
Hapag-Lloyd has introduced a new port rotation for its Baltic Express (BAX) service. The first vessel to set sail on the new route will be the MV Empire V. 2218E, the ship is expected to depart from Hamburg on 4 May 2022. The new port rotation ...
Blockshipping has partnered with COSCO Shipping Ports (CSP) Spain to deliver AI technology at their terminals and improve overall efficiency and operability of yard movements. Blockshipping noted how the need for improvement in container terminal ...
