Vessels Value's outlook on newbuilds 
Rebecca Galanopoulos Jones, senior content analyst at Vessels Value, has underpinned current developments on the maritime container market with the latest data. While volumes on the main trade lanes are slowing despite congestion, container traffic continues to decline gradually... more
2M reshaping the Transpacific
Carriers are continuing to readjust their shipping capacities to decreasing demand. Now, the 2M Alliance of Maersk and MSC has bundled the TP1/Maple and TP9/Eagle services into a new offering. The first sailing of the new consolidated TP1/Maple service will be on 28 October... more
Trucks to link Zhuhai and Hong Kong via Macau
Nippon Express has launched a cross-border transport service connecting Zhuhai and Hong Kong by truck via the Hong Kong–Zhuhai–Macau Bridge (HZMB). Due to the spread of Covid-19 infections, severe traffic restrictions are still in place between Shenzhen and Hong Kong in... more
On track for more railfreight in Australia
Port Botany in NSW Australia and Patrick Terminals are investing AUD 190 million (EUR 122 million) in extra rail capacity to address long-term demand in a sustainable way, by reducing CO2 emissions and the use of trucks, as trade volumes increase. The strategy was recently... more
Iumi council announces changes at the helm
The International Union of Marine Insurance (Iumi) council has appointed a new president, a vice president, a new executive committee and nominating committee members for 2022/23. Frédéric Denèfle, managing director of French marine war risks specialist Garex, has been... more
Louisville: 3,359 fraudulent IDs in one week
For the second time in a week, US Customs and Border Protection (CBP) officers in Louisville (KY) discovered 2,265 counterfeit driver’s licences inside an inbound package at Louisville’s Port of entry on 19 October 2022. The first seizure of more than 1,000 fake IDs occurred... more
MCI: Søren Leth Johannsen to be promoted to CEO
Maersk Container Industry (MCI), a manufacturer of refrigerated containers and a subsidiary of A.P. Moller - Maersk, is promoting current CCO Søren Leth Johannsen to the company’s new CEO, effective November 2022. He will replace Sean Fitzgerald who has decided to step down from... more
Capacity outstrips demand
The Copenhagen-based maritime consultancy Sea-Intelligence recently analysed the rising gap between global capacities on the seas and global demand. The latest demand data from Container Trade Statistics (CTS) shows that in August 2022, the annualised growth over 2019 was... more
Aluminium helps achieve climate goals
Aluminium manufacturer Hindalco has launched India’s first fully aluminium freight rail rakes, helping fast-track the country’s ambitious plans to modernise freight transportation and enable Indian Railways to make large carbon savings. The gleaming rakes are 180 t lighter than... more
GA Telesis promotes Amir Taher
GA Telesis (GAT), a provider of integrated services in the aviation industry, has appointed Amir Taher as vice-president of the GAT Logistics Solutions Group. Taher has 15 years of professional logistics experience and will be in charge of leading all aspects of strategy, sales,... more