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Container industry may face feeder vessel shortage

SeaIntel says if charter rates for feeders increase, the pricing spread between services calling direct port-port pairs and trans-shipment products could widen.   The container shipping industry faces an “impending shortage of feeder vessels,” says SeaIntel, a Copenhagen-based research firm. “We found that the phase-in of the new large vessels in 2018-2020 is

Bolloré charged for corruption in Africa, firm denies

 ...Vincent Bolloré, CEO and master dealmaker placed under formal investigation.   A logistics powerhouse in Africa, the French company allegedly “provided discounted communications advice” in Guinea and Togo in exchange for licenses to operate container ports. Bolloré Group, which has extensive logistics and port operations in Africa, is denying charges of corruption in a probe

Panalpina reports increased airfreight volume, continued slump in ocean freight sector

Switzerland-based forwarder Panalpina released its financial results for the first quarter of the year, reporting increases in overall profitability, with earnings before interest and taxes (EBIT) up in its Air Freight and Contract Logistics divisions, but down in its weakening Ocean Freight division. Overall EBIT came in at US$25 million, a

NSC Orders Multinational Shipping Companies to make refund within 4 days of return of empty containers or stop collection of Deposit

...agency also demanded stoppage of indemnity being demanded from customs agents and a waiver of demurrage caused by the gridlock on the roads leading to the Lagos ports as a matter of national interest. Following complaints from shippers about their nightmare over container deposit, the Nigerian Shippers Council (NSC), the ports economic

Giant Cruise Ship Smashes Into Dock in Honduras

Giant Cruise Ship Smashes Into Dock in Honduras. Getty image The arrival of cruise ship MSC Armonia came as a surprise, as she ran into the Port of Coxen Hole in Honduras on April 10. The port is located on the island of Roatan, known for its beaches and dive sites. Tania Connor was able to capture the Armonia as

Rising Opposition to Cargo Palletization

Eromosele Abiodun examines maritime stakeholders’ resistance to the federal government’s directive that all containerized cargoes coming into Nigeria must be on a pallet In late 2017, the federal government directed all containerized cargoes coming into Nigeria to be on a pallet as effective January this year. The Minister of Finance, KemiAdeosun

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