CargoSmart Limited, a global shipment management software solutions provider that leverages big data for greater visibility and benchmarking, announced SSM+, a new version of its sailing schedules application for Android and iPhone.
A Middle East IT service management firm has helped one of the region's leading shipping companies improve efficiency by automating manual incident handling and service desk operations.
Beset by continued sluggish demand, a growing mountain of debt and a radically changing marketplace, listed companies in the global container shipping industry as a whole face a greater risk of financial distress, including possible bankruptcy, than at any time since 2010, and that risk has grown in each of those past three years. That's according to a new study from AlixPartners, the global business-advisory firm.
An alliance of the world's top three container shipping firms which could control more than a third of the market is likely to start operating in mid-2014, No.1 player Maersk Line said after the tie-up was approved by U.S. regulators.
Natural gas has started to challenge oil as the dominant transport fuel with companies building gas-powered ships and installing networks of service stations on water and land.
Three Qatar companies, Nakilat, Qatargas and RasGas Company, are joining forces to convert a Q-Max vessel as a pilot project making it capable of running on LNG and reducing the ship's exhaust gas and greenhouse gas emissions.
Drewry's Annual Review of Global Container Terminals Operators shows that PSA International, Hutchison Ports, APM Terminals and DP World remain the big four players in equity TEU and portfolio terms but with varying levels of activity.
U.S. imports in July are the highest volume seen in one month since July of 2007. The United States brought in more than 1.69 million twenty-foot containers in July, which is 13 percent higher than last month's volume and 2 percent higher than July of last year.