Search results for: container

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  • 20 June 2017
    Business & Finance

    The recent implementation of no-shows fine by shipping liners could result in ‘accounting nightmares’ for freight forwarders, according to online freight forwarding company iContainers. In recent months, shipping liners including Danish major Maersk, France-based CMA CGM, and Germany’s Hapag-Lloyd have started implementing no-shows fines on shipments that fail to show up on vessels. iContainers warned […]

  • 10 August 2016
    Business & Finance

    As the weak volume growth recorded in the first half of 2016 dragged full year volume projections down, Alphaliner said that the global container throughput is expected to grow by only 0.3% this year, marking the second lowest annual growth rate since 2009. Total throughput at the world’s top 30 container ports is estimated to have grown by only […]

  • 26 February 2018
    Business & Finance

    The consolidation drive in the container shipping sector through mergers and acquisitions to slow down in 2018.

  • 10 August 2017
    Business & Finance

    The ocean freight forwarding industry should embrace technology, according to online freight forwarding company iContainers. “As shippers press on with their demand for speed, transparency, and efficiency, the freight forwarding strives hard to find a quick enough and appropriate response. The solution to this equation lies before our eyes: Technology,” Klaus Lysdal, Vice President of Sales […]

  • 22 March 2017
    Business & Finance

    New shipping alliances set to come into effect next week will lead to a shortage of options for freight forwarders, online freight forwarder iContainers said. Starting April 1 the previous four alliances will be regrouped to three, namely THE Alliance, Ocean Alliance and 2M. The effect of this new reshuffle is a reduction of shipping […]

  • 6 July 2016
    Business & Finance

    Container freight rates are forecast to rise modestly over the next 18 months from the all-time lows reached recently, but this will not be sufficient to rescue the industry from substantial losses in 2016, according to shipping consultancy Drewry. Liner shipping has had a torrid time so far in 2016 with spot freight rate volatility reaching unprecedented levels, while […]

  • 20 May 2015

    The volatility of global container shipping spot freight rates since the start of 2015 has continued to increase in comparison to 2014, according to rate assessments on 11 routes gathered by the World Container Index (WCI), jointly owned by Drewry alongside Cleartrade Exchange. Price turbulence on the globally important Asia to Europe routes has been […]

  • 23 June 2020
    Infrastructure, Safety, Vessels

    Several 40-foot containers fell overboard from a barge near Hilo, Hawaii, on 22 June 2020, the US Coast Guard (USCG) said.

  • 16 May 2017
    Business & Finance

    Italy’s La Spezia Container Terminal (LSCT), a container handling facility operated by Contship Italia Group, informed it has recorded its best ever container throughput result during the first four months of 2017. Total throughput at the terminal was more than 276,000 units from January 1 to April 30, 2017. This represents a rise of 15% […]

  • 9 September 2013
    Business & Finance

    Since it was set up as an independent limited liability company in 2009, the Feeder Logistics Center (Feeder Logistik Zentrale, FLZ) in Hamburg has coordinated the handling of containers, the three millionth of which was transshipped at the end of August. The FLZ makes a major contribution to the smooth running of operations in the […]

  • 8 August 2018
    Business & Finance

    MSI: July saw a modest realignment between container shipping’s charter and freight markets.

  • 24 October 2019
    Business & Finance

    Total shipping container production will end the year having fallen 36% compared to 2018, Drewry noted.

  • 7 December 2016
    Business & Finance

    Terminal operator APM Terminals MedPort Tangier has awarded a contract for managing construction of a new container facility at the Tangier-Med Port Container Terminal in Morocco to US-based firm Hill International. Under the two-year contract, Hill International will provide project management and supervision engineering services during the construction of the new facility. The company said that the contract has an estimated […]

  • 2 May 2018
    Business & Finance

    Drewry: The leased container fleet now has a clear majority over that owned by transport operators.

  • 16 November 2015
    Business & Finance

    The Port of Singapore, the world’s second busiest port just behind China’s Port of Shanghai, has marked a 15.8% decline in container volumes in October 2015 compared to the same month a year earlier, according to the preliminary data published by the Maritime and Port Authority of Singapore (MPA). The port handled 2.497 million TEUs […]

  • 19 February 2015

    Global TEU volumes increased by 4% in 2014 to 135.4 million TEUs, the Port of Rotterdam Authority reports. Inter‐continental trade rose by 3.4%, while intra‐regional volumes increased by 5.4% to 30.4 million TEUs. 2014 TEU volumes carried to and from Europe (including all countries bordering the Mediterranean) and between European countries increased by 5.4% to 46.9 […]

  • 3 January 2018

    Container throughput at China’s Port of Shanghai surpassed 40 million TEUs in 2017.

  • 19 July 2016
    Equipment

    ELA Container Offshore has gained the DNV 2.7-2 certification for its offshore accommodation containers. According to the company, the DNV 2.7-2 certification addresses key safety aspects required for offshore containers to comply with the industry standards like SOLAS and MODU codes. Hans Gatzemeier, Managing Director of ELA Container Offshore, said: “DNV 2.7-2 describes safety requirements for […]

  • 26 December 2017

    A fear that there will be a shortage of containers in 2018 is unjustified, according to Drewry.

  • 1 May 2018
    Business & Finance

    Asia to Australasia trade is to see an increase in volumes in 2018, but it seems unlikely that it will be spectacular.

  • 11 July 2018
    Business & Finance

    Drewry: Container equipment rental rates and cash investment returns remain weak, despite last year’s recovery.

  • 25 October 2016
    Business & Finance

    Dubai-based port and terminal operator DP World Limited handled 47.5 million TEUs across its global portfolio of container terminals during the first nine months of 2016, representing an increase of 2.2% on a reported basis from 46,477 TEUs handled in the same period in 2015. The operator said that its European and Indian subcontinent terminals […]