12 Jan 2019
January 12, 2019

Chinese new year challenge the traders

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By now, anyone doing business in the Asia markets is well into planning how the continuity of trade will work during the Chinese New Year (CNY) when virtually all business in China, including factories, closes down from one to four weeks. In 2019 CNY will begin on February 5.All suppliers will start to wind down.. read more →

This year has been one of the best on record for the Port of New York and New Jersey. October set a new all-time record with 658,708 TEUs (374,275 lifts), an increase of 11.9% from October 2017 which had 588,848 TEUs (334,324 lifts). Import loads (TEUs) were up by 11.1% in October 2018 compared to.. read more →

The container, processed with the revolutionary new blockchain-based CargoX Smart Bill of Lading™, has been released successfully in the Port of Koper, Slovenia (EU), where it arrived on Sunday, 19 August 2018,  completing its journey from Shanghai (China) aboard the cargo ship Ever Safety, and was shipped by one the world’s largest freight forwarder. The.. read more →

Empty containers at the Port of Mombasa recorded 7,079 Twenty Feet Equivalent Units (TEUs) out of the 19,171 TEUs total yard population in the week ended September 13th 2017. There were 6,254 TEUs ready for collection by consignees, 3,227 TEUs awaiting pickup order and 1,258 full exports (nominated/un-nominated).  The yard which recorded 21,093 TEUs in the.. read more →

French container shipping major CMA CGM has confirmed the order for nine 22,000 TEU containerships while releasing results for the second quarter of 2017. “In order to keep pace with market growth and the group’s needs, the Board of Directors of CMA CGM has approved the order for 9 container ships of 22,000 twenty-foot equivalent.. read more →

Another big hurricane, another temporary waiver of the Jones Act — the 1920 law mandating that goods and passengers shipped between U.S. ports be carried in U.S.-flagged ships, constructed primarily in the U.S., owned by U.S. citizens, and crewed by them or by U.S. legal permanent residents. Circumstances did indeed demand a new stay on.. read more →

COPENHAGEN, Sept 7 (Reuters) – Trade between the BRICS countries, Brazil, Russia, India, China and South Africa, has grown strongly this year, figures from the world’s largest container shipper showed on Thursday. Maersk Line, which handles one out of seven containers shipped globally, said its shipments from China to India had increased 26 percent by.. read more →

China Merchants Port Holdings Co Ltd (0144.HK) agreed to buy 90 percent of TCP Participações SA, Brazil’s most profitable port terminal, for about 2.9 billion reais ($924 million), a sign of growing interest in assets across Latin America’s No. 1 economy. China Merchants said in a statement on Monday that it bought the stake from.. read more →

Year-to-Date YTD IMPORT TEUS EXPORT TEUS TOTAL TEUS TOTAL RAIL LIFTS LOADS EMPTIES LOADS EMPTIES LOADS EMPTIES TOTAL YTD Jul 2017:  1,922703 12.415 805,215 1,066,289 2,727,918 1,078,704 3,806,622 323,078 YTD Jul 2016: 1,818,826 14,998 785,523 954,377 2,604,349 969,375 3,573,724 314,738 % Change 5.7% -17.2% 2.5% 11.7% 4.7% 11.3% 6.5% 2.6%   July IMPORT TEUS EXPORT.. read more →

When staff at CyberKeel investigated email activity at a medium-sized shipping firm, they made a shocking discovery. “Someone had hacked into the systems of the company and planted a small virus,” explains co-founder Lars Jensen. “They would then monitor all emails to and from people in the finance department.” Whenever one of the firm’s fuel.. read more →