RWANDA – UAE – Global ports operator, DP World has officially inaugurated its Kigali Logistics Platform. The $35 million facility, which has been operational since September 2018 in test mode, has an annual capacity of 50,000 TEUs, and when operating at full capacity, it has the potential to save Rwandan businesses up to $50 million a year in logistics costs. Since the commencement of its operations in the Rwandan capital…
The Nigerian navy has arrested seven people allegedly posing as armed security guards on a tanker. The NAN news agency reported that the men were held on Friday in Port Harcourt. Murtala Rogo, base operations officer for the naval vessel NNS Pathfinder, said the suspects were on board a tanker named as Workhorse. They were intercepted when the ship was escorting another tanker, named as Osamewe, to an undisclosed location…
The decarbonization of container shipping will be carried out in two phases: reducing emissions through design and operations of ships that still burn fossil fuels in the short term, and the development of actual zero-emission vessels (ZEVs) in the long term. Photo credit: Shutterstock.com. Shippers of containerized cargo for years have benefited from carriers’ inability to increase rates, but it’s becoming increasingly difficult to envision a future in which costs…
Charleston handled 1.085 million TEU in combined imports and exports in the first half of the year, up 5.5 percent from the year-ago period. Photo credit: Shutterstock.com. The South Carolina Ports Authority on Monday outlined a vision to handle 19,000 TEU container ships through new and larger cranes, better use of land, deeper harbors, and a new container terminal opening in 2021. The port will spend about $1.7 billion to…
In his JOC LogTech keynote presentation, Abir Thakurta, supply chain vice president for retailer Havertys, addressed the tech burnout many in the supply chain industry feel with new technologies. In this interview, Thakurta talks about the tech he feels really delivered on its promise and the gap what the vendor and the shipper perceive as the value of technology and innovation. JOC LogTech19, Las Vegas [embedded content] Source: http://www.joc.com
A sequential increase in spot rates may be fueling some optimism among trucking firms surveyed by Bibby Financial Services. Photo credit: Shutterstock.com. A majority of small US trucking companies view the economy positively heading toward 2020, despite the collapse of spot truckload rates in 2019, according to a recent survey. A net 59 percent of small trucking firms surveyed by Bibby Financial Services shared a positive view of the United…
Importers and exporters will now have access to a new CMA CGM trade finance product. Photo credit: Shutterstock.com. CMA CGM has launched a trade finance product for importers and exporters, offering a range of solutions from extended payment terms to financing advances that capitalize on the emergence of platforms making access to capital easier. The Marseilles-based shipping line joins Maersk in expanding its reach into areas outside the core product…
Antwerp reported a 6.4 percent growth in container volume handled in January through September, despite the slowing European economies. Photo credit: Shutterstock.com. Europe’s two busiest container ports have continued to grow their throughput in the first three quarters of 2019, shrugging off slowing volume growth on the Asia-Europe trade and mounting trade and economic uncertainty. Rotterdam handled 11.19 million TEU from January through September, up almost 4 percent on the…
Dockworkers involved in contract negotiations at the Port of Montreal received support this week from an international union that attended a hearing on whether the ports are so important to public health and safety that they can’t be subject to a strike or a lockout. Source: http://www.joc.com
At the 63 busiest ports in the world, vessels with a capacity of 5,000 TEU or greater spent an average of 26 hours at port per call during the first half of 2019. Shutterstock.com. The amount of time container ships spend at port continued to rise in the first half of 2019, despite relative gains in terminal efficiency, according to an analysis of JOC.com port productivity data. Provided by 7…