The Brazilian government has announced it was adding several ports to its privatization plan with including both Rio de Janeiro’s port authority Companhia Docas do Rio de Janeiro (CDRJ) and Pará state port authority Companhia Docas do Pará (CDP).
A study on shipping’s progress towards decarbonisation said the industry will need to commit to investing $40bn a year by 2030 to develop Scalable Zero Emission Fuels (SZEF).
The European Union (EU) needs to ensure its sanctions on Russia sanctions do not negatively impact the bloc or individual member states, especially when it comes to the shipping sector, said Cyprus President, Nicos Anastasiades.
Container line profits could come under pressure in the coming months as their customers look to renegotiate long term contracts fixed at the market’s peak.
In August 2015, two consecutive explosions at a container storage station in China’s Port of Tianjin killed more than 170 people, injured nearly 800 and resulted in billions of dollars in damage. When such a disaster occurs, there are always...