Egypt expects Suez Canal revenues to hit $7bn in the 2021-22 financial year, ending on June 30, up 27% from $5.5bn in the last year, Finance Minister Mohamed Maait said on Saturday.
Crowley has inaugurated an LNG loading facility in Puerto Rico.
Affected by the bad weather in early May, container volume for eight major Chinese ports declined by 0.4% year-on-year.
Abu Dhabi’s AD Ports Group has signed an agreement with independent logistics service provider Alexander Global Logistics (AGL), for the distribution of pulp and paper products in the Middle East.
NYK, ClassNK, and IHI Power Systems have inked an MoU with the City of Yokohama to develop an ammonia-fuelled tugboat to operate in its port.
Skyports and Jurong Port are aiming to develop ship-to-shore infrastructure for maritime drone delivery.
The container industry made a $59.3bn profit in the first quarter, the sixth consecutive record quarterly profit for the sector.
MSC is set to operate a new container terminal at the Panama Canal after the plans and concession for the port changed hands.
Container volume at eight major Chinese ports increased 5.8% year-on-year in late April following the operational resumption of factories and ports, especially in Yangtze river delta region.
Forwarders, traders and shippers expect the 2022 container peak season to be even more chaotic than 2021’s, according to a survey.