DP World has officially launched Senegal’s cashew export season with the arrival of the vessel Diogue, a massive shipment carrying 2,000 tonnes of cashews from neighbouring Guinea-Bissau. West Africa is rapidly emerging as a major global player in the cashew nut market, and Senegal is thriving as a crucial export gateway for this valuable agricultural […] The post DP World launches Senegal’s cashew export season appeared first on Container News ..read more

Comorian and Malagasy national authorities gained essential skills and knowledge to help ensure the security of their ports, following a series of International Maritime Organization (IMO) training activities held in Antananarivo, Madagascar from 9 to 19 July. According to IMO, 24 personnel representing a range of government departments, ministries and agencies in Madagascar took part […] The post International Maritime Organization completes port security training in Madagascar appeared first on Container News ..read more

In the first half of the year, King Abdul Aziz Port in Dammam, Saudi Arabia recorded a 37.4% increase in total container exports and imports, reaching 1,534,961 TEUs compared to 1,117,133 TEUs during the same period last year. Additionally, the total number of transshipments rose by 87.87%, reaching 37,806 TEUs. The number of exported containers at […] The post King Abdul Aziz Port sees volume growth in 2024 appeared first on Container News ..read more

French shipping company CMA CGM Group reported a massive loss of over 50% in its second-quarter profits. The box carrier achieved a net income of US$661 million in 2024 Q2, down US$670 million from the profit levels in the same period last year. Conversely, Group revenue stood at US$13.1 billion in the second quarter, translating […] The post CMA CGM experiences 50% profit drop in Q2 2024 appeared first on Container News ..read more

Asyad Group, Oman's end-to-end global logistics provider, has acquired Skybridge Freight Solutions (SFS), a global freight forwarding company. This move is the group’s first international acquisition in core logistics activities and marks a strategic move to significantly expand Asyad’s footprint through active operations in key trade hubs and the major economies of China, India, the […] The post Asyad Group acquires global freight forwarder appeared first on Container News ..read more

Despite major container lines' objections, the US Federal Maritime Commission (FMC) has decreed that liner operators cannot use “business decisions” to refuse to move containers already booked. As per the Ocean Shipping Reform Act (OSRA), the move aims to help US exporters who struggle to secure space for their shipments. The Biden administration passed the […] The post FMC rules shipments cannot be declined for commercial reasons, ignores box lines’ objections appeared first on Container News ..read more

The Board of Associated British Ports (ABP), the UK’s largest port operator, has announced the appointment of Jonathan (Jon) Lewis as its Chair in succession to Dr Phil Nolan who has decided to stand down from the role. Lewis brings decades of business leadership experience in major infrastructure sectors such as energy, engineering and construction. […] The post Associated British Ports appoints new Chair appeared first on Container News ..read more

The most general name for the new exchange is advanced web-based business and cash production. It looks at the financial design of trading for the online trade market of Lextroy Management, but it hasn't decided whether to expand. This kind of exchange can have a significant impact on the development of the trading website as […] The post Lextroy Management Review: The Game-Changing Financial Business Forum [lextroym.com] appeared first on Container News ..read more

German ocean carrier Hapag-Lloyd has announced a new General Rate Increase (GRI) from Latin America East East Coast ports to North America, Central America and Caribbean for both dry and reefer containers. This rate increase will be US$1,500 per box and will be applicable to all containers from September 1, 2024. If you liked this […] The post Hapag-Lloyd increases rates from Latin America East East Coast to North America, Central America and Caribbean appeared first on Container News ..read more

The Energy Market Authority (EMA) and the Maritime and Port Authority of Singapore (MPA) have shortlisted two consortia that will proceed to the next round of evaluations of proposals to provide a low- or zero-carbon ammonia solution on Jurong Island for power generation and bunkering. The two consortia were selected from a total of six […] The post EMA, MPA shortlist two consortia to study ammonia viability for power generation and bunkering appeared first on Container News ..read more