Concerns over the availability of equipment in Asia and the limitations on the backhaul trades on the three major east -west routes have not materialised as expected with rates softening on both the headhaul and return legs.
International Container Terminal Services, Inc. (ICTSI) has completed expansion of Phase 3A of its automated Victoria International Container Terminal (VICT) in Melbourne, Australia.
US-based New Fortress Energy (NFE) has kicked off operations at its LNG import terminal in Santa Catarina, Brazil, following the arrival of a FSRU.