FIRE raged aboard the 13,100-TEU Cosco Hope hit a gantry crane as it tried to exit leave Port Said, resulting in the crane boom falling onto containers on the berth and hitting an inflammable tank.
MALAYSIAN port operator Westports Holdings first quarter net profit increased 42 per cent year on year to MYR171.1 million (US$43.7 million), drawn on revenues of MYR464.7 million, up 16.8 per cent.
SHANGHAI International Port (Group) Co (SIPG), the operator of the Port of Shanghai port, suffered a 18.9 per cent year-on-year first quarter profit decline to CNY1.22 billion (US$188.51 million) drawn on revenues of CNY7.11 billion, which fell 4.3 per cent.
FRENCH shipping giant CMA CGM has announced a US$200 per TEU rate increase on all cargo from Asia including Japan, southeast Asia and Bangladesh to northern Europe, including the UK and the full range from Portugal to Finland/Estonia effective May 16.
Saudi Minister of Petroleum and Mineral Resources Ali bin Ibrahim al-Naimi arrived in Sudan’s capital Khartoum on Wednesday for talks with his Sudanese counterpart on bilateral mineral cooperation.
The European Commission recommended on Wednesday visa-free travel inside Europe’s Schengen borderless zone for around 80 million Turkish citizens.
THE limited capacity of seaports in Mindanao, including adequate berths, transit or cargo shed areas for non-containerised shipments and container yards, is holding back the Philippines' southern island in becoming a major hub, according to Socioeconomic Planning Secretary Emmanuel Esguerra.
A SIMULATOR study has found that the new Panama Canal locks are too small for safe operation and leave little room for error.