Iran’s Shahid Rajee port explosion – likely due to containerised hazardous chemicals
A massive explosion in the Shahid Rajee port killed at least 5 people and injured more than 700 people on Saturday.. This explosion is seemingly linked to chemicals stored inside containers in the port.. BBC has quoted Ambrey Intelligence, a global maritime risk firm, stating that the fire resulted from “improper handling of a shipment […]
DP World tests hydrogen-powered crane in Vancouver sustainability push
DP World has completed initial testing of its hydrogen fuel cell rubber-tired gantry (RTG) crane at the Port of Vancouver. The RTG is now undergoing field testing as DP World assesses the feasibility of electrifying its global fleet of 1,500 RTG cranes. Traditionally powered by diesel, RTG cranes are essential for cargo handling but are significant […]
Feeder Shipping Surge: How Middle East Is Poised to Lead Next Wave in Short-Sea Container Trade
In a rapidly evolving maritime landscape, the Middle East is stepping into the spotlight as a rising titan in the feeder container market. New market assessments indicate that global feeder container operations are on a solid growth trajectory, projected to rise from US$7.8 billion in 2024 to US$11.3 billion by 2034, showing a 3.7% CAGR. […]
CK Hutchison’s earnings highlight necessity of terminals in liner shipping
CK Hutchison’s port operations experienced an 11% surge in sales in 2024, bringing its revenue almost on par in US dollar terms with Singapore’s PSA International, positioning both among the top revenue-generating global port groups. The port operations of Hong Kong-based CK Hutchison, controlled by tycoon Li Ka-shing, generated revenue of HK$45.28 billion (US$5.8 billion) […]
Maersk establishes first warehouse facility in France
Maersk has announced the opening of a new warehouse facility in France, located in GLP Park Denain (Hauts-de-France). The newly operational 75,000 m² warehouse marks Maersk’s first facility of its kind in France. It joins the company’s extensive network of over 40 warehouses and distribution centers across 15 European countries, and more than 500 globally. […]
US policy set to reconfigure global trading patterns
An analysis of the current US trade policy is pointing to major upheavals of supply chains as shippers look for alternative solutions to minimise tariff and Section 301 port fee impacts on costs. Philip Damas, MD, head of supply chain advisors, at Drewry Shipping Consultants said that freight from China and 14 mainly Asian countries […]
Hapag-Lloyd applies PSS from Europe to America
German container line Hapag-Lloyd has announced a new peak season surcharge (PSS) for shipments from Europe to America. The surcharge will apply for Canada and Mexico from 15 May and the United States from 25 May. The details for this peak season surcharge are listed below: 20′ Containers: US$600 40′ Containers: US$900 The PSS will […]
Pakistan halts trade and closes borders with India
Pakistan has suspended all trade with India and shut its airspace and land borders in response to sanctions imposed by New Delhi. The measures follow a deadly attack in Indian-administered Kashmir on 22 April that left at least 26 people dead. Despite limited trade between the two countries, maritime data from analytics firm Windward shows […]
Gulftainer hits record 2 million TEUs in landmark year
Gulftainer, a global supply chain and logistics solutions provider, has announced growth and significant achievements for the year 2024. The company achieved a record-breaking 2 million TEUs, underscoring its major role in container handling across the Middle East and beyond. Additionally, the Group continued to expand its reach, handling 5.5 million tonnes of non-containerised cargo, […]
Maersk drops French port from intra-Med service
Maersk has decided to remove the port of Marseille from its intra-Mediterranean SLN service. At the same time, the Danish carrier will swap the order of Valencia and Barcelona in the port rotation. Therefore, the itinerary will be updated as follows: Casablanca (Morocco) – Algeciras (Spain) – Tangier (Morocco) – Mersin (Turkey) – Haifa (Israel) […]