The terms "port" and "seaport" are used for different types of port facilities that handle ocean-going vessels. Global trade is largely dependent on maritime transportation into these destinations. There are major ports in six of the seven continents, from Port Said in Egypt to Australia’s Port of Melbourne, to the Port of Santos in Brazil. Asia is home to many of the world’s busiest seaports; the Port of Shanghai is the largest in the world in both cargo tonnage and activity, followed by the Ports of Singapore and Hong Kong.
Escalating Middle East Tensions Trigger Projected Surge in War Risk Premiums and Freight Rates
In a significant escalation of tensions in the Middle East, Iran’s capture of the MSC Aries, a container ship linked… Read More
Port Services in the EU: Improving Efficiency to Boost Trade
Draft rules designed to boost the efficiency and cut the cost of services supplied at EU maritime ports, such as… Read More
Bigger Ships Than Ever Call at the Port of London as Trade Increases
Cargo tonnage handled at terminals on the Thames River in England last year was 45.4 million tons, 0.9 million tons,… Read More
APM Terminals Completes Acquisition of Grup Maritim TCB
APM Terminals has completed the $1 billion acquisition of the Spanish Grup Maritim TCB’s port and rail interests. APM Terminals… Read More
U.S. Coast Guard Refuses to Delay Implementation of SOLAS Container Weight Requirement
At a recent Federal Maritime Commission (FMC) meeting, the U.S. Coast Guard assistant commandant said that delayed implementation verified container… Read More
“Something Has to Give”
Global container terminal operators have seen consistent profit margins in the range of 20 percent to 45 percent in recent… Read More
Funding for Infrastructure Projects Available
U.S. Transportation Secretary Anthony Foxx announced the availability of credit assistance for critical infrastructure projects across the country through the… Read More
LCM Systems Release New SOLAS Compliant Container Weighing System
In response to the new Safety of Life at Sea (SOLAS) regulations due to come into force July 1, LCM… Read More
New Consortium Plans New Black Sea Port
A U.S.-Georgian consortium has been awarded a $2.5 billion contract to build and develop a deep-sea port in Anaklia on… Read More
Bipartisan Coalition Introduces Bill to Facilitate U.S. Preclearance Operations in Canada
Bipartisan legislation to facilitate travel and commerce between the United States and Canada was introduced earlier this month in both… Read More
Rickmers-Linie Carries Largest Siemens Gas Turbine to Turkey
A special loading operation has taken place in Bremerhaven, involving Rickmers-Linie’s MV RICKMERS HAMBURG, a 485-tonne Siemens gas turbine, a… Read More
RUSCON Container Traffic Grows Despite Russian Slump
RUSCON, one of the leading multimodal transport companies in Russia, showed strong growth in 2015 despite a significant fall in… Read More
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