Hijackers Sneaked Aboard During the Night CAMEROON – Eight members of the crew of the MarMalaita, the 679 TEU multi-purpose cargo vessel operated by the Hamburg based company MC Schiffahrt and attacked by pirates during the night of August 14, are still being held by their captors. Four of the crew remained on board after the criminal gang sneaked aboard just before midnight and hijacked the crew whilst she was…
Captain Allen Gray will from November head the Halifax Port Authority, steering a port that includes container, cruise and break bulk terminals, as well as other facilities. Photo credit: Shutterstock.com The general manager of operations for Australia’s Port of Fremantle will become the next CEO of the Halifax Port Authority as the Canadian port undergoes a sweeping expansion driven by annual cargo volumes that have increased by near-double-digits in the…
Small carriers are hurting this year with falling spot market rates, but Coyote Logistics says the industry has hit bottom and business should improve to end 2019. Photo credit: Ari Ashe/JOC.com Truckload spot rates have been down more than 20 percent from a year ago for several months, but a new forecast Thursday warned shippers that a change in direction is imminent and that the favorable low rates won’t continue…
The Dorian LPG sell-off by the BW Group continues. Thursday, Andreas Sohmen Pao’s Singapore-based group disclosed it sold 300,100 shares of the John Hadjipateras-backed gas carrier owner for $10 each and just over $3m total. The sales were made on Tuesday and Wednesday. BW Source: http://www.tradewindsnews.com
Port Newark Container Terminal is one of five terminals in the Port of New York and New Jersey that have raised demurrage fees as part of the annual fee revision. Photo credit: Hugh R. Morley. Five of the Port of New York and New Jersey’s six terminals will raise their demurrage fees on dry cargo containers by $5 a day and on refrigerated cargo containers by $10 a day from…
Spot rates in the westbound Pacific took a sizable drop this month due to declining US exports to Asia, which are resulting in especially low vessel utilization rates. The normal strong rebound which should begin in November could be muted as a result. Source: http://www.joc.com
Computer Controlled Semi’s on US Freight Forwarding Route US – The venture capital arm of parcel and logistics giant UPS, UPS Ventures, has made a minority investment in San Diego-based autonomous driving company TuSimple. Together, both companies are testing self-driving tractor trailers on a route in Arizona to determine whether the vehicles can improve service and efficiency in the UPS network. This is an extension of the ongoing commercial relationship…
Volumes handled by China’s top ports, such as Shanghai (above), through July were up 4.1 percent from the same period last year, but that was a slower rate of growth compared with the first seven months of 2018. Photo credit: Shutterstock.com. Container trade growth through the largest Chinese ports is slowing, reflecting easing global economic growth and retaliatory tariffs with the United States. Throughput at the top 20 Chinese ports…
Grieg Star has sold a handymax bulk carrier for “green” recycling, while its sister company GriegMaas has taken delivery of a new vessel. The 40,900-dwt geared Star Fuji (built 1985) was delivered on Wednesday to the EU-approved Leyal Ship Recycling yard in Source: http://www.tradewindsnews.com
India represents about 15 percent of DB Schenker’s global business, although the German company wants to boost that to 30 percent by 2025. Photo credit: Shutterstock.com. Global forwarder DB Schenker is positioning itself on the forefront of logistics offerings in India as the country puts a heavier focus on supply chain efficiency via trade reforms and digitization. In an interview with JOC.com, Vishal Sharma, CEO of DB Schenker (India Subcontinent),…