Exports from Tokyo port fell in February as 991,464 tonnes of cargo were shipped out, down 12.4% year on year (y/y). Imports were up 5.2% y/y to 2.565 million tonnes, according to figures released by ...
Tokyo’s February exports drop
Iron ore price up as Chinese inventories drop
Iron ore price has climbed to its highest level in three months, as stockpiles at China's major ports declined. Iron ore inventories at 31 major Chinese ports for the week that ended on 22 May ...
UASC orders more reefers, expands service
United Arab Shipping Company (UASC) has ordered more reefer containers in line with its strategy to expand its refrigerated container shipping business. It has ordered 3,500 reefer boxes from Japan's ...
Sinotrans&CSC to sell Changhang Phoenix shares
Sinotrans&CSC plans to dispose of all its shares in Changhang Phoenix in a public tender. Sinotrans&CSC currently owns 17.89% of Changhang Phoenix through China Changjiang National Shipping, ...
Sinotrans & CSC to sell Changhang Phoenix shares
Sinotrans&CSC plans to dispose of all its shares in Changhang Phoenix in a public tender. Sinotrans&CSC currently owns 17.89% of Changhang Phoenix through China Changjiang National Shipping, ...
APMT sacks striking dockworkers
APM Terminals (APMT) has fired 130 dockworkers at its general cargo terminal in Callao, Peru, where a strike has been ongoing since 13 May. According to APMT, the strike involves approximately 600 ...
Frontline amends tanker charters
John Fredriksen-led Frontline has announced a major revision to its long-term charter agreements and has reported stronger than expected quarterly results. Long-term charters for 17 tankers owned by ...
FE/Europe spot freights slump deeper
Container ship overcapacity in the Asia/Europe trade saw cargo spot rates for westbound headhaul liftings hit another all-time low today. According to the Shanghai Containerised Freight Index (SCFI), ...
UNESCO gives Australia’s Reef plan the nod
Bans on dredge disposal at sea, restrictions on port expansion, and an AUD100 million (USD765,000) government lobbying campaign have convinced the United Nations World conservation agency to recommend ...
NOL completes APL Logistics sale
Singapore's Neptune Orient Lines completed the sale of its logistics business, APL Logistics, to Japan's Kintetsu World Express on 29 May. NOL, the parent of liner operator APL, sold the logistics ...