Underscoring the remarkable bounce back of container shipping from reduced volumes due to Covid-19 lockdowns in the first half of the year, ZIM has reported its highest ever Q3 profit.
Saudi Arabia’s Jeddah port is aiming to double its annual container throughput capacity to 5.2m teu by 2023 with the expanded facilities at the Red Sea Gateway Terminal (RSGT).
Singapore’s Pacific International Lines (PIL) announced on Monday that it is looking to start a scheme of arrangement process to be proposed to its creditors.
Global container volumes were up 6.9% in September compared to 2019 based on data released by Container Trade Statistics (CTS).
International Container Terminal Services Inc (ICTSI) handled consolidated volumes of 7.43m teu in the first nine months of 2020, 2% less than the 7.59m teu handled in the same period in 2019.
Shanghai port posted a container volume of 4.2m teu handled in October this year, a record high monthly figure.