Jacksonville Port Authority agrees $238.7m deal with tenant SSA Marine to construct 80-acre box terminal at Blount Island, increasing port’s significance on the US East Coast. The Jacksonville Port Authority board has agreed a 25-year, $238.7m deal with tenant SSA Marine that will fund the development of a new container terminal on nearby Blount Island. SSA Jacksonville International Gateway Terminal ...
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Swedish ports strike averted after labour deal
Decade-long conflict ends and nationwide port strikes halted, as the Swedish Dockworkers Union and Ports of Sweden sign off on a new collective bargaining agreement. The long-running Swedish waterfront saga has finally been resolved after port employers and unions agreed a new collective bargaining deal for dockworkers. With the threat of nationwide strikes looming, the Swedish Dockworkers Union (Hamnarbetarförbundet), which ...
Read More »Margins improve for DHL Global Forwarding
DGF trades air and ocean freight market share for higher profitability as division seeks to match ‘conversion ratio’ of better-performing peers. Deutsche Post DHL group’s freight management business DHL Global Forwarding (DGF) today reported significant improvements in its gross profit margins as the unit continued with its strategy to trade market share for higher profitability in order to match the ...
Read More »Peel Ports improves its warehousing facilities
Peel Ports London Medway has increased the capacity of its warehousing facilities at the Port of Sheerness through an extensive reconfiguration programme. Responding to an upsurge in demand for warehousing across the country, Peel Ports is now able to offer 30,000m2 of additional flexible and scalable warehouse space at a port-centric location. The facilities could support the import, export, ...
Read More »Shares of Adani Ports and SEZ fall
Shares of port infrastructure company Adani Ports and Special Economic Zone Limited plunge as much 9.1 per cent in its biggest intraday per cent drop since January 28. The company’s unit Adani Logistics approved a proposal for the acquisition of Adani Agri Logistics, Adani Agri Logistics (Dahod), Adani Agri Logistics (Darbhanga) and Adani Agri Logistics (Samastipur) from Adani Enterprises for Rs ...
Read More »Container Tracking Note: World to Senegal
Αll shipments imported to Senegal must have a Cargo Tracking Note (CTN). Each container must be covered by a CTN number communicated in the shipping instructions. It’s mandatory to have said information mentioned on the Bill of Loading and cargo Manifest. The CTN must be obtained by shippers on the dedicated website of COSEC (Conseil Sénégalais des Chargeurs): http://www.besc-senegal.net/ or https://getctn.com/fr/senegal-bsc-2/ Carriers ...
Read More »Crowley Christens LNG-Powered ConRo Ship in Puerto Rico
Jones Act shipowner Crowley Maritime christened the U.S.-flagged combination container/roll on-roll off (ConRo) ship MV Taíno on February 22. zoomImage Courtesy: Crowley The vessel was named at the company’s Isla Grande Terminal in San Juan, where Crowley’s investments have ushered in a new era of supply chain services in the U.S. mainland-Puerto Rico trade. The company said that MV Taíno is ...
Read More »MOL, Pavilion Gas Sign Long-Term Deal for LNG Bunker Ship
Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a long-term charter contract to operate Asia’s largest LNG bunkering vessel in Singapore. zoomImage Courtesy: Sembcorp Marine Under the agreement with Singapore-based Pavilion Gas, a subsidiary of Pavilion Energy, the 12,000 cbm bunkering vessel would be built by Sembcorp Marine and managed by bunker barge company Sinanju Tankers. The new ship will be ...
Read More »Volumes, Rates and Synergies Push Hapag-Lloyd’s Operating Profit Up
German shipping major Hapag-Lloyd delivered a higher operating result in the 2018 due to higher transport volumes, improved freight rates and ongoing cost synergies. zoomIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license On the basis of preliminary and unaudited figures, earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to EUR 1,138 million, compared to EUR 1,055 million reported ...
Read More »London Tilbury2 port development gets go-ahead
New maritime gateway on River Thames to be operational in spring 2020 and deliver much needed port capacity, says Forth Ports Group. The Port of Tilbury has received development consent from the UK’s Secretary of State for Transport to build Tilbury2 – a new multi-million pound port terminal adjacent to the current site in Thurrock, on the outskirts of Greater London. Owner, ...
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