Kalmar delivers electric reachstackers to Westport’s Norwegian terminal
Finnish port equipment manufacturer Kalmar has supplied four electric reachstackers to the Norwegian port operator Westport AS, further strengthening their partnership to promote sustainable operations. This repeat order was included in Kalmar’s Q2 2024 order intake and the machines were delivered in the fourth quarter of the last year to Westport’s newly established terminal at […]
Vietnam approves Can Gio transshipment port project
The Vietnamese government has given the green light to the “investment policy” for the Can Gio International Transshipment Port Project in Cai Mep. This is a project proposed by Saigon Port JSC and MSC’s port operating arm Terminal Investment Limited. According to the latest DynaLiners report, the facility is expected to offer a container capacity […]
Panama in the crosshairs as Repurchase bill launched
As President Trump’s inauguration drew closer the noise around his presidency grew louder, drowning out some of the key policies being mooted, taking back control of the Panama Canal did not get missed, but the legislation to activate it may have been. This content is locked Select a CN Premium Subscription Package To Unlock The […]
SITC to report significant financial growth amid higher box volumes
Hong Kong-based box line SITC has issued a positive profit alert for 2024, according to preliminary figures. The unaudited profit attributable to the company’s shareholders is expected to be between US$1 and US$1.03 billion. This is translating to a growth of between 87-92% compared to the previous year. At the same time, the annual container […]
US retailers keep building up inventories
According to the US Census Bureau’s most recent inventory data, US retailers are keeping their inventory levels higher than what sales can support. Retail inventory growth is depicted in the following figure, along with a trend line that tracks changes from 2009 to 2019. “Source: Sea-Intelligence.com, Sunday Spotlight, issue 698” “It is clear here that […]
Maersk implements PSS from Indian Sub and Middle East to North America
Maersk is revising the Peak Season Surcharge (PSS) for shipments from the United Arab Emirates, Bangladesh, Bahrain, Bhutan, India, Iraq, Jordan, Kuwait, Sri Lanka, Maldives, Nepal, Oman, Pakistan, Qatar, Saudi Arabia, and Yemen to the United States and Canada East Coast & Gulf. The updated surcharge will take effect starting 1 February 2025 and will […]
Hapag-Lloyd implements reefer surcharge for Chile-Asia shipments
Hamburg-based container line Hapag-Lloyd has announced a new peak season surcharge (PSS) from Chile to Asia, including China, Taiwan, Japan, South Korea, Thailand, Singapore, Vietnam, Cambodia, Philippines, Indonesia, Myanmar, Malaysia, Laos and Brunei. The new surcharge will be effective from 1 February and will apply to reefer containers. The German carrier set the surcharge at […]
WinGD tests ammonia-fueled X-DF-A engine
Swiss marine power company WinGD has reported promising results during early testing of its new X-DF-A ammonia-fueled engine design. A 52-bore single-cylinder version of the engine is currently undergoing trials at the company’s Engine Research and Innovation Centre (ERIC) in Winterthur, with final validation expected ahead of initial engine deliveries scheduled for June 2025. The […]
Moderate upward trend observed in global bunker indices
During the fourth week of the year, Marine Bunker Exchange (MABUX) global indices experienced a moderate upward trend. The 380 HSFO index rose by US$1.92 to US$539.71/MT, the VLSFO index increased by US$4.51 to US$626.15/MT and the MGO index also saw a gain of US$2.77, reaching US$806.73/MT. “However, as of this writing, early indications of […]
COSCO Shipping Ports records industry-leading container throughput growth
As the container throughput at ports worldwide continues to escalate, major port operators are strategically enhancing their capabilities to capitalize on this growth, ensuring their competitive stance in the bustling international trade environment. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don’t have an […]