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Freightos makes air cargo e-booking free to all forwarders

Freight digitalisation specialist gives agents access to rates from more than 370 airlines, and real-time e-booking on select airline groups via WebCargo Sky platform. In a move it describes as “digital air cargo goes mainstream”, freight digitalisation specialist Freightos is giving all freight forwarding agents free access to digital rates from more than 370 airlines and real-time e-booking on select ...

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China to US box volumes fall 4 months running

Container exports from 10 major countries and regions in Asia to the U.S. (based on volumes at ports of loading) increased 1.4% to 1,435,565 TEUs in May, registering a year-on-year improvement for three months in a row, according to statistics released by U.S. research firm Descartes Datamyne. In the first five months (January-May), they rose a minute 0.9% to 6,499,909 ...

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LA breaks another container volumes record

The Port of Los Angeles moved 828,662 Twenty-Foot Equivalent Units (TEUs) in May, the busiest May in the Port’s 112-year history. The volumes reflect growth of 7.8 percent compared to last May. For the first five months of 2019, Port volumes have increased 5.2 percent compared to the same period last year. “I’m extremely pleased with another record month of ...

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Tambo Springs box terminal project to begin

Transnet SOC Ltd and Southern Palace Joint Venture Consortium announced a historic public and private sector partnership for a twenty-year concession for the construction of the Tambo Springs Intermodal Terminal in Gauteng. Southern Palace Joint Venture Consortium has been awarded the concession by Transnet for the design, financing, construction, operation and maintenance of the intermodal container terminal forming part of ...

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Port of Hueneme leads Ventura County’s growth

The Port of Hueneme leads Ventura County’s economic growth with 15,834 total jobs in 2018, an increase from 13,633 in 2015. In their newest economic study, the Port shows substantial increases in job creation, economic activity, tax revenue generated for local cities, and total economic activity. Oxnard Harbor District President Jess Herrera stated, “For over 83 years, the Port has ...

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Brightoil Collects USD 200 Mn through Ship Auctions

Hong Kong-based shipowner Brightoil Petroleum has raised around USD 200 million after selling a number of vessels through auctions in Hong Kong and Singapore. zoomIllustration; Source: Pixabay under CC0 Creative Commons license Namely, the group’s tanker fleet, that includes 5 VLCCs, 4 Aframax vessels and 6 bunker vessels, was earlier arrested by creditors and its marine transportation business was therefore ...

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Performance Shipping Buying Its First Two Tankers

Greece-based shipping company Performance Shipping has decided to purchase two Aframax tankers for USD 60 million. zoomIllustration. Source: Pexels under CC0 Creative Commons license   The company has agreed to acquire two entities, which have signed contracts to buy the two 2011-built vessels from an unaffiliated third party seller. As informed, the transaction was unanimously approved by the disinterested members ...

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DSME Wins Another LNG Carrier Order from Maran Gas

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has secured another LNG carrier order from Maran Gas Maritime. zoomImage Courtesy: DSME   The Greece-based shipowner, part of Angelicoussis Shipping Group, ordered the 174,000 cbm unit on June 12. The vessel will be built at Geoje Okpo Shipyard and is scheduled for delivery by the first half of 2022. With the ...

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Euroseas Closes Refinancing of Two Vessels

Greek owner and operator of container vessels Euroseas has closed its earlier revealed refinancing of two vessels. zoomIllustration; Source: Pixabay under CC0 Creative Commons license The company explained that the financing was closed with simultaneous interest rate reduction of 0.5% for all other existing loans and the redemption of approximately USD 11.7 million of value, or about 59.4%, of its outstanding Series ...

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Sharp decline in UK-EU truck traffic

Eurotunnel freight shuttle volumes in May were down 11%, due to Brexit-related ‘destocking’, following stock building in first three months of the year in preparation for the original UK departure date from EU. Eurotunnel today reported a sharp decline in UK-EU truck traffic in May, blaming it on Brexit-related “destocking” following the stock building in the first three months of ...

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