ZIM introduces CGX service in New Orleans 
Zim Integrated Shipping Ltd has introduced a new weekly container shipping service to the port of New Orleans' Napoleon Avenue container terminal. The Caribbean Gulf Express (CGX service) offers weekly sailings to Caucedo (Dominican Republic), Altamira and Vera Cruz (Mexico) and... more
Drewry: GRI on Asia/Europe trade unsuccessful
According to Drewry, the general rate increase of USD 445 to USD 500 per teu on the trade lane between Asia and Europe announced by container shipping lines from 1 September was not accepted by the market. The World Container Index’s Shanghai-Rotterdam freight rate... more
Long Beach budget approved
The Long Beach (USA) City Council has approved the port of Long Beach’s USD 1.02 billion budget for fiscal year 2014, allowing the port to forge ahead with an ambitious modernization programme with upgrades of its terminals, roads and a key bridge. To keep up with competition... more
G6 Alliance cancelling departures
The members of the G6 Alliance will cancel two voyages in early October, namely the loop 7 service and the EUM service, both in week 41. The move is said to be due to the national holiday week in China and a vessel maintenance programme. G6 Alliance members are APL,... more
Piraeus privatisation gets closer
The Chinese shipping conglomerate Cosco Holdings will invest EUR 230 million in its container operations in the Greek port of Piraeus, bringing the capacity of Greece’s largest port to 6.2 million teu. Cosco will be exempt from paying fees to the OLP in return for investing in... more
Dutch port infrastructure tops WEF world ranking
Just as in 2012, the Dutch port infrastructure leads the rankings of the World Economic Forum. This was revealed in an investigation into the competitive position of national economies worldwide. The same report showed that the Netherlands dropped from the fifth position to the... more
From black gold to steel boxes 
The Russian port of Novorossiysk has recorded rapid growth in its container volumes in the past few years. Nutep, a container port owned by the Delo group of companies, is banking strongly on this trend continuing and is investing in expansion. The group is planning to increase... more
Shipping industry urges Imo to act on box weight...
Misdeclared container cargo weights have been a long-standing problem for the transportation industry and for governments. The International Maritime Organization (Imo) has recognized and been discussing the problem of incorrect container weights for over six years. Given this... more
Shipping community urged to check security plans
In the wake of an attempted terrorist attack on a Cosco vessel transiting the Suez Canal, and as evidence emerges of threats to vessels in the Eastern Mediterranean, the Security Association for the Maritime Industry (Sami) has stressed the need for shipping companies to... more
Evergreen pushes TA rate increase
Amidst speculations about liner carriers' conditions for establishing general rate (GRI) increases on the transatlantic trade, the Taiwanese carrier Evergreen Line is implementing a GRI on all eastbound and westbound commodities on this route. The increases, filed with the... more