LA-LB terminal operators to put up gate fees by 4.2pc from August 1

TERMINAL operators at Los Angeles-Long Beach ports are to increase the traffic mitigation fee (TMF) used to fund night and weekend gates at the port...

Montreal port continues steady growth with TEU record

THE Port of Montreal's revenues in 2019 increased by 5 per cent as it saw growth across its segments, including a record TEU throughput and...

Oil tankers carrying two months of Venezuelan output stuck at sea

Tankers carrying nearly two months’ worth of Venezuelan oil output are stuck at sea as global refiners shun the nation’s crude to avoid...

MPC Containers Ships seeks US$15m in recapitalisation plan

OSLO-LISTED German container line MPC Containers Ships is seeking approval from its bondholders and lenders for a recapitalisation plan designed to...

Cathay to cut to freight-only passenger flights as air cargo rates retreat

HONG Kong's Cathay Pacific is reported to be preparing to cancel 'many' of its freight-only flights as air cargo rates begin to drop...

Kenya insists on dry port use over Ugandan objections

THE Kenya Ports Authority (KPA) plans to construct an administration block and create more facilities at the Naivasha dry port as usage of the...

Cargo, low fuel bright spots in worst year for aviation: IATA

THE year 2020 will go down as the worst financial year in the history of aviation because of the Covid-19 crisis, a fact that justifies an...

US$23 billion loss risked 'if box carriers lose rate control'

IN planning their container shipment bookings for the third quarter, shippers and forwarders can expect a new wave of blanking announcements over the...

Pandemic forces shipowners to shelve scrubber installation

SHIPOWNERS are postponing or cancelling the installation of scrubbers that extract sulphur emissions from their vessels as the coronavirus pandemic...

Cathay finds cargo only bright spot in otherwise grim month of May

HONG KONG's Cathay Pacific and Cathay Dragon declared that its cargo business continued to be the highlight in May as more cargo-only passenger...

Flying pigs to China: Times never better for Volga-Dnepr air cargo sales

COVID-19 has wreaked havoc on commercial aviation, but Alexey Isaykin's cargo carrier is fully loaded - with live swine

Seattle-Tacoma International Airport prepares for gradual re-opening

SEATTLE-TACOMA International Airport (SEA) is preparing for the gradual reopening of the economy, the airport authority announced

Exclusive: Oil tankers turn away from Venezuela as more sanctions loom!

Oil tankers that were sailing toward Venezuela have turned around and others have left the country’s waters as the United States considers...

Virgin Atlantic Cargo to boost cargo-only PAX flights by 33pc

FOLLOWING the success of its cargo-only passenger aircraft flights (PAX) programme in May, Virgin Atlantic Cargo has announced that it is increasing...

CMA CGM Q1 profit up 13.5pc to US$48m, but sales off 3.3pc to $5.52b

FRENCH container shipping giant CMA CGM increased year-on-year first quarter net profit 13

Danaos CEO says firm is 'well insulated' from the charter market crash

SHORT-TERM containership charter rates have plunged by up to 40 per cent since the beginning of the year, as ocean carriers rush to off-hire surplus...

Indian scrap yards brace for new wave of ship demolitions

DEMOLITION markets in the Indian subcontinent have now largely reopened and are preparing for a new wave of containerships for scrapping

Piraeus aims to be top container port in the Mediterranean

GREECE's port of Piraeus has now become the Mediterranean's top container-handling port, according to officials from the Piraeus Port...

Rate gains help Zim's first quarter losses narrow down by 49pc

AN increase in the average freight rate per TEU carried by Israeli container shipping line, Zim Integrated Shipping Services in the first quarter...

Grim economic outlook for global box cargo shipping sector: Drewry

ANALYSTS from UK-based shipping consultancy Drewry have warned that the devastating disruption to trade and the subsequent shock to global economies...