US president Joe Biden signed into law the Ocean Shipping Reform Act (OSRA) on 16 June, which authorizes appropriations for the Federal Maritime Commission (FMC) for fiscal years 2022 through […]
The Port of Los Angeles processed 967,900 TEU in May, recording the third best overall month in its 115-year history. In the first five months of the year, the port […]
The Danish maritime data analysis company, Sea-Intelligence has measured schedule reliability from the perspective of the cargo being moved. In the first phase, the analysts calculated what share of global […]
CMA CGM has spent some $753.3m in prepayments on its aircraft orderbook, up from $723.2m at the end of 2021, following its recent order for two 777 freighters, set to […]
As Shanghai springs back to life after two months of lockdown, congestion at the port is almost back to normal, according to the latest data from VesselsValue. At the height […]
The Busan Port Authority (BPA) aims to turn green under its new ‘2050 Comprehensive Plan for Carbon Neutrality of Busan Port’ plan. Under the scheme, the port authority will analyse […]
MSC has announced the launch of the Pertiwi service on the Intra-Asia trade, which is expected to start in early July. The new service will provide a direct link from […]
CMA CGM has again surpassed its ocean carrier rivals posting a net profit of $7.2bn for the first quarter, and said that it remained confident about its financial performance for […]
Bangladesh has formed a US$250 million refinance scheme to support the shipbuilding sector which become prey of the Covid-19 pandemic-linked global economic slowdown. Under the scheme, the ship builders will […]
Operations in Shanghai port are getting back to normal as the city’s lockdown eases. CMA CGM said in its latest customer advisory that pressure on Shanghai yard resources is easing, […]
APM Terminals Mobile in the United States has signed an agreement with the Alabama State Port Authority to add 129,499m² to the current container terminal yard. The terminal is already […]
Container lines covering Indian trades have begun to penalise customers, and more severely spot customers, for failing to fulfill their bookings as committed. These charges are generally in the range […]
