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New container terminal at Itori, Lagos to ease congestion at Apapa port
BUSINESSES operating around Apapa in Lagos will soon heave a sigh of relief, as indigenous firm, International Bulk Cargo Logistics (IBCL), has...
LA-LB congestion, a headache for US importers as seasonal stock pours in
US retailers are concerned about delays to their holiday merchandise as record import volumes are straining the west coast gateways, in particular...
Oakland port has best September ever for import volume with a spike of 11pc
THE Port of Oakland handled a total of 93,916 TEU of imports last month, surpassing the 2019 record by 10
Valenciaport's box volume continues to grow for the fifth month in a row
THE Spanish port of Valenciaport has announced the handling of close to half a million TEU in September, as the port continues its fifth month in...
CMA CGM Ural breaks another record at Port of Melbourne's VICT
THE ANL operated CMA CGM Ural with a nominal capacity of 10,622 TEU has broken another record at the Port of Melbourne with the highest TEU exchange...
China's Q3 GDP grows 4.9pc, economy gains more momentum
CHINA's economic recovery gathered pace in the third quarter as consumers returned to malls and major trading partners reopened for business,...
Trump contemplates adding China's Ant Group to trade blacklist: report
THE United States Department of State has submitted a proposal for the administration of US President Donald Trump to add China's Ant Group to a...
Record Q3 container volume of 2.7m TEU at the Port of Los Angeles
CONTAINER throughput at the Port of Los Angeles hit an all-time high in the third quarter and showed few signs of slowing as year-end holiday...
A-E rates off US$65 to US$1,084 per TEU, USWC stable at $3,841/FEU
SPOT rates for shipping containers from Asia to northern Europe in the week ending last Friday eased back by US$65 per TEU to $1,084 per TEU, 86 per...
Canada-China trade up 6.9pc while trade with US shinks 17pc this year
CHINA's share of Canadian trade has risen to record levels, as exports and imports with China represented 6
Global container ship companies cash in on higher rates: Fitch
NEW York-headquartered ratings agency Fitch Ratings says the recent increase in spot container freight rates, driven by shipping companies'...
HK tops cargo busiest hub list in H1 2020: ACI
HONG Kong maintained its place as the world's busiest cargo hub in a difficult first half of the year that saw demand decline across the...
Singapore welcomes world's largest LNG powered containership
THE world's largest LNG-powered containership - the 23,000 TEU CMA CGM Jacques Saade - made its maiden call in Singapore early this week
China tops world trade recovery, says UK think-tank
CHINA has become the first major economy to spring back to its feet with its exports currently being higher than ever, according to a research...
South Carolina Ports September volumes show signs of new strength
THE South Carolina Ports Authority's September volumes reflect the strongest year-on-year activity since the Covid crisis hit, showing a...
US August imports hit all time high as recovery strengthens
US IMPORTS reached all-time highs as retail sales bounced back from the Covid crisis as stores stocked up for Christmas sales, according to Global...
CP Rail reports best 3rd quarter and September for grain
THE Canadian Pacific Railway (CP) posted its best-ever third quarter for Canadian grain and grain products shipments, moving 7
Port Houston to widen navigation channel to dock mega ships
THE existing width of Houston's ship channel of 530 feet (161 metres) makes it too difficult for 150-foot wide ships to pass each other, says...
Transpacific carriers add extra loaders as US west coast imports soar
TRANSPACIFIC ocean carriers have deployed extra loaders in response to peak season demand and record container spot rates, reports London's...
MSC Ravenna crewman in LA court accused of killing another at sea
A CREWMAN onboard the 14,000-TEU Liberian-flagged MSC Ravenna has been charged with the fatal stabbing of a fellow crewman while on a transpacific...