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Market Focus
  • CMA CGM Selects VINCI to Extend Kingston Port Aug 29,2016

    French container shipping company CMA CGM has awarded a USD 147 million contract to a joint venture consisting of Jan de Nul, VINCI Construction Grands Projets and EMCC, to extend the port of Kingston, Jamaica. The contract covers the refurbishment, reinforcement and upgrade to seismic standards of 1,200 mete... [learn more]

  • APL Setting Up Asia – Caribbean Link Aug 22,2016

    Singapore-based container shipping company APL plans to launch a new weekly feeder service, the Island Bridge Express (IBX), connecting the Caribbean and Asia. The company said IBX will enable cargo movements between the two regions via connecting APL services at the Caribbean transshipment hub of Kingston.Th... [learn more]

  • August Import Volume Set to Rise in US Container Ports Aug 16,2016

    An increase in cargo import cargo volume at major retail container ports in the US is expected in August as the seasonal peak approaches, the National Retail Federation (NRF) said in its Global Port Tracker report.Namely, cargo volume for 2016 are expected to end the year with a 1.6 percent increase over last... [learn more]

  • Maersk reorganises globally, makes Hong Kong Asia-Pacific headquarters Feb 05,2016

    WITH the reorganisation of Maersk Line, the world's biggest container shipping company will now make its Asia-Pacific headquarters in Hong Kong with the integration of the North Asia Region, while creating subordinate "clusters" in the regions.Organisational changes may cause the global personne... [learn more]

  • Oakland's Outer Harbor Terminal LLC files for bankruptcy Feb 05,2016

    OAKLAND'S Outer Harbour Terminal LLC has filed for Chapter 11 bankruptcy protection, two weeks after terminating its lease held in a joint venture with Ports America, Reuters reports.Last month, Ports America, one of the largest marine cargo operators in the country, said it was shifting its business from... [learn more]

  • New general strikes to close Greek container ports for 48 hours Feb 05,2016

    A NEW 24-hour general strike in Greece Thursday started February 4 by both public and private sector union s, while the Seamen's union is scheduling a 48 hour strike for the same day.The action is expected to affect the routes of domestic and local ferries and commercial vessels calling at Piraeus,... [learn more]

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