China has been recognised as the top international shipping nation according to a new DNV GL and Menon Economics report titled: “The Leading Maritime Nations of the World”.
The container shipping industry is becoming increasingly competitive and complicated and leading terminal operators such as Hutchison Ports are taking steps through the use of technology to serve their customers better as well as cut down inefficiencies.
Philippines-based International Container Terminal Services Inc (ICTSI) saw overall throughput rise 4% to 4.7m teu in the first half compared to 4.5m teu handled in the previous corresponding period in 2017, mainly on robust trade in the emerging markets and contributions from new terminals in Lae and Motukea in Papua New Guinea and the Australian port of Melbourne.
Chile-based SAAM, the largest logistics company in Latin America that operates port terminals, airports and the largest tugboat fleet in the Americas in association with SMIT in several countries, has announced it will invest $85m in infrastructure and improvements to its tugboat fleet this year.
After nearly a year of wrangling in the US Congress, a major “Tax Reform” package was passed in the waning days of 2017.
A majority-owned subsidiary of China Merchants Port Holdings Company has inked an agreement with affiliate unit Djibouti Asset Company to develop IT software and systems under a contract worth approximately $6.88m.
The Maritime and Port Authority of Singapore (MPA) has been given the powers to block the purchase or disposal of stakes in key designated entities, if the transaction is deemed to undermine the interests of the port.
Intermodal logistics between the main Luzon ports might be boosted with a proposal to link Manila to Batangas, at the southern end of the Philippines' main island.
China Merchants Port Holdings has inked a deal to purchase a controlling stake in Brazil’s TCP, marking the Chinese group’s business expansion to the Latin America region.
Pacific International Lines (PIL), PSA International (PSA) and IBM Singapore (IBM) have signed a memorandum of understanding (MOU) on Monday to explore and trial proof of concept blockchain-based supply chain business network innovations.