container ships

Port of Thessaloniki seizes 52kg of cocaine hidden in container

On 2 August, authorities at the Greek Port of Thessaloniki seized a 52-kilogram shipment of cocaine coming into the northern Greek city via container. The drugs were hidden in the refrigeration system of a container that was carrying bananas from Latin America. 

VesselsValue: Quarterly forecast for cargo ships

Amid an ongoing trade war between China and the US, as well as major geopolitical tensions globally, it is likely that total ordering activity will be softer near term, representing a downside risk to the positive development of newbuilding prices, according to VesselsValue. 

Djibouti challenges Rule of Law in Doraleh container terminal

DP World stands against a decision to be taken later this week by the government of Djibouti to implement the country’s high court to rule all previous international adjudications. The company said that such a decision is ‘a complete disregard for and contravention of the global legal system and existing contracts.’

Container terminal utilisation rates set to increase

The outlook for global container port demand is modest growth and a number of uncertainties, but capacity expansion plans are also muted. This means that most world regions will face an increase in average terminal utilisation, according to the Global Container Terminal Operators Annual Review and Forecast 2019, by Drewry.

Shipping industry concerned about proposed changes in Panama Canal tolls

The Panama Canal Authority is carrying out a public consultation regarding a proposal to adjust the Panama Canal tolls for container ships, vehicle carriers, dry bulk carriers, tankers, chemical carriers, LPG and LNG vessels, passenger vessels and small vessels. The new toll charges are expected to apply from January 1, 2020.

Container Port Throughput increases 2.2% in May

After remaining stable for two months in a row during March and April 2019, the global Drewry Container Port Throughput Index increased by three points (2.2%) in May 2019. However, on an annual basis the growth was lower at just 1.1% (1.5 points). A decrease in global growth and tariff war issues were the main factors that affected the index.

Port of Zeebrugge records a 12.5% growth in first semester

In the first semester of 2019, Zeebrugge recorded a 12.5 % growth, compared to the same period in 2018. Namely, a total cargo volume of 21,883,578 tonnes was handled, while container traffic decreased by 2.2% to 7,548,076 tonnes. Regarding port shifts, they increased by 3% to 181,130 shifts, with 71 cruise vessels moored in Zeebrugge.

IoT solution for container tracking to be launched

Traxens, a French company providing logistics asset data and services for the supply chain industry, has announced a Series C funding round at €20 million ($22.7 million). The financing will come from Itochu Corporation, Bpifrance, and Supernova Invest, and will be used to improve the company’s smart containers and rail freight businesses.

Port of Sines soon to be expanded

Portugal and Sines Port Authority have agreed regarding the expansion and completion of the third phase of the Terminal XXI expansion works. The overall project is expected to cost a total of €547 million. Terminal XXI will now have a 1,950-metre quay, as well as a 60-hectare storage area. This will enable the capacity to be increased from 2.3 million TEU, to 4.1 million.

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