No harm in competition 
Last year the port of Khalifa assumed responsibility from the old port of Mina Zayed for the shipment of all containers to and from Abu Dhabi. An adjacent industrial zone is expected to generate additional traffic in future and thus strengthen the port’s position. more
Evergreen and Hanjin merge on transpacific trade 
The South Korean shipping line Hanjin and Taiwan's Evergreen Line are set to merge their respective transpacific loops from the Far East to the US west coast. As the low season will shortly arrive, the CPS2 and CAX will become one joint offer from the second... more
PSA and ICTSI to build new Colombian port
PSA International and International Container Terminal Services Inc (ICTSI) have signed an agreement to enable them to jointly develop, construct and operate the container port terminal and ancillary facilities located in the Peninsula of Aguadulce (Colombia). The agreement... more
EU facilitates Business to Motorways of the Sea
22 partners and five implementing bodies from Spain, Italy, Slovenia, Greece, Germany and the UK have joined forces for the Business to Motorways of the Sea (B2MOS) project, co-financed by the Trans-European Transport Network and with the participation of DG-MOVE. The project... more
Drewry says shipping costs are set to fall
Container shipping costs have continued to rise, but the trend has differed across trades, and Drewry expects rates to fall in the final months of the year. Pricing on Asia-origin trades has been buoyed by peak season volumes, but as the trade enters the shoulder season still... more
BBC Chartering helps Syrian refugees
BBC Chartering, a Germany-based multipurpose and heavylift shipping services provider, has reported that its BBC Iceland vessel assisted in a rescue operation where more than 300 Syrian refugees were found floating in fishing boats off the Sicilian coast on 13 September. The... more
Long Beach: cargo volume in August hits six-year high
Containerized cargo volume at the US port of Long Beach surged to a total of 630,292 teu in August 2013, 16% more than in the same month a year ago. The Californian port registered double-digit percentage gains in both imports and exports. August 2013 was not only the busiest... more
ICTSI successfully concludes bond exchange
International Container Terminal Services Inc (ICTSI) and ICTSI Treasury BV (ICTSI Treasury) have announced the results of their exchange offer and consent solicitation transaction. The companies exchanged approximately USD 178.89 million of ICTSI’s USD 450 million 7.375%... more
Tarros charting uncharted seas
Italy’s Tarros Group has not been left unscathed by the economic downturn affecting its home country. By entering new markets, such as Portugal or the cross-trade business, the firm has nevertheless managed to weather the stormy seas and is looking positively to the future. more
ITF urges action over container weights
The International Transport Workers' Federation (ITF) has called on governments and industry bodies to back a proposed amendment that will tackle the dangers posed by unweighed or misdeclared shipping containers. The amendment – to the existing Safety of Life at Sea Convention... more