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 […]
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 […]
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 […]
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 […]
The largest ship to ever visit the U.S. east coast arrived at the port of Savannah on Thursday after traveling through the expanded Panama Canal from Asia. The COSCO Development entered the mouth of the Savannah River at about 7 a.m. Thursday morning, drawing large crowds of spectators as it made its way past Savannah’s downtown River […]