International Container Terminal Services, Inc. (ICTSI) has submitted a proposal to the Philippine Ports Authority (PPA) to develop two ports in Iloilo, an investment estimated to cost over PHP 5 billion (USD 93.9 million). zoomIllustration; Image Courtesy: ICTSI   In line with the future development needs of Iloilo and the Visayas, ICTSI submitted a Letter of Intent to modernize the infrastructure ...

Croatian shipping company Atlantska Plovidba has acquired the 2008-built Panamax bulker M/B Pelagos for USD 11.95 million. zoomIllustration. Image Courtesy: PxHere under CC0 Creative Commons license   The Maltese-flagged bulker was bought from a mortgage lender on November 7 in the Port of Gdynia, Poland. The ship has been under technical and commercial management of the Croatian company since April ...

German terminal operator Hamburger Hafen und Logistik AG (HHLA) aims to be a gateway to the future, enabling containerships, trains but also data flow through the company’s terminals. zoomImage Courtesy: HHLA / Thies Rätzke   “Our overarching objective is to help our customers to transport their goods and commodities safely, quickly and efficiently from A to B – also in ...

Suezmax owner Nordic American Tankers (NAT) posted a net loss of USD 38 million for the third quarter of the year, widening its loss from last year’s USD 34.2 million.  zoomIllustration. Image Courtesy: Pexels under CC0 Creative Commons license For the nine months ending September 30, the company’s net loss reached USD 84.8 million, against last year’s equivalent of USD ...

Terminal operating company QTerminals has reached major milestones by handling two million TEU and five million tonnes of general cargo by the end of October 2018, three times more compared to June 2017. zoomImage Courtesy: QTerminals The company, set up by Qatar Navigation (Milaha) and Qatar Ports Management Company (Mwani Qatar), explained that the surge in volume was achieved in record time with ...

Increases in road freight rates provide some relief but many firms battling for survival. European hauliers continue to feel the pressure of driver shortages and rising costs but increases in road freight rates have provided some relief to their bottom line, albeit marginally, according to one major operator. In an interview with Lloyd’s Loading List earlier this year, Sebastiaan Scholte, CEO of  ...

Lines benefitting from buoyant Transpacific freight rates. US container imports remain at unseasonably high levels ahead of tariff hikes in January 2019  keeping freight rates buoyant and causing rollovers at ports in Asia. Freight forwarder Flexport noted that space on Asia to US West Coast and US East Coast liner services was “full/rolling”, adding that  postponed November 1 General Rate ...

Volumes in Q3 were ‘below expectations’ as UK activity slowed and Europe-Turkey trading was impacted by depreciation of Turkish Lira. Increasing uncertainty related to Brexit has restricted freight revenue and volumes at European ferry group DFDS during the last quarter, the company said today. Overall third-quarter (Q3) revenue increased 12%, year on year, to DKK 4.4bn, mainly driven by the ...

‘Upply’ platform has been set up as a neutral supply chain service provider, open to the market in general, including competitors. Geodis has announced the launch of its multimodal digital freight marketplace, ‘Upply’, which it claims will pioneer a more efficient and transparent supply chain market. Designed along the lines of customer-centric and easy-to-use B2C sites, Upply invites shippers, forwarders and ...