Port of Hamburg grew in the first half of the year
Volumes flowing through the Port of Hamburg grew in the first six months of the year, just as more container ships called in the port.
ShippingWatch
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Volumes flowing through the Port of Hamburg grew in the first six months of the year, just as more container ships called in the port.
The shipping industry wastes billions of dollars every year by lying at anchor waiting to enter filled ports – because the ships might as well have sailed slower and saved fuel by timing their arrival with the port – says partner at MarineTraffic.
Confidence in revenue growth among CEOs in the transport and logistics sector reached its lowest level in five years, according to a survey by PwC among the industry's top executives. One reason is the digital development.
Maersk's port and terminal operator expands its terminal in the Yucatan Peninsula in Mexico, where volumes are expected to increase by up to 35 percent this year.
The best-connected ports usually book the lowest transport expenses and are the most competitive – but how can other ports become more well-connected? UN organization UNCTAD provides seven concrete proposals in a new report.
One country is home to more than half of the 20 container ports around the world highlighted by the UN's annual index as the best-connected – a crucial cost parameter. Find the list here.
Swedish port workers organized in the Swedish Dockworkers' Union have taken APM Terminals to labor court. This is due to the protracted conflict between the two parties, which ended with a deal in the spring.
German customs agents have made a large cocaine discovery on board a container vessel in the Port of Hamburg. The vessel arrived from Uruguay and was headed for Antwerp, the illegal cargo was marked as being soybeans.
It is not just among the world's largest liner companies that the Chinese are putting pressure on competitors such as Maersk. China Cosco Shipping's port activities are now close to being the world's second-largest.
OOIL has now officially closed the sale of its Long Beach Container Terminal in California for around USD 1.8 billion. The sale was a precondition for Cosco getting approval to buy the company.
This week especially held stories involving the Strait of Hormuz, and most recently, the Danish government has declared its readiness to participate in a naval mission. Moreover, an investor has lost patience with a Danish shipbreaking yard, and logistics company Kuehne+Nagel said no to seafreight acquisitions.
Dubai-based terminal company DP World joins forces with Indonesian Maspion Group to build a new container port and logistics park in Indonesia. The facility is budgeted at USD 1.2 billion, and construction is set to commence next year.
The Port of Rotterdam handled more containers in the first six months of 2019 relative to the year prior. LNG and crude oil cargoes also played a particular role in driving the port's growth, despite its expectation for lower activity in the last six months of the year, says CEO.
DP World increased its volumes during the first six months of 2019 following good results in the Pacific region, the Indian subcontinent and Africa. "Encouragingly, despite uncertainty from the trade war, we have seen robust volumes," states the terminal operator's CEO.
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