Ports worldwide set to earn $25 billion for 2018
Estimated operating profit comes after 800 million teu year of throughput. (Hellenic Shipping News)
Natural gas-fueled ships expected to boom
Korea’s shipbuilders expect strong 2019 demand for LNG-fuelled ships. (Safety4Sea)
Ocean Alliance plans new service this April
Alliance partner CMA CGM says it will be ‘largest service offer’ on trans-Pacific. (T&L)
Fire-struck Hapag-Lloyd ship gets tug assist
Containership off coast of Canada remains at sea and awaiting tow. (Seatrade Maritime)
Chinese port becomes third largest globally
Ningbo-Zhoushan port follows Shanghai and Singapore in volume. (Seatrade Maritime)
U.S. government shut-down slowing goods
The now-longest shutdown of the U.S. federal government is rippling through supply chains, according to the Wall Street Journal, as limited staffing at various government agencies slows the flow of goods. Customs and Border Protection agents largely remain on the job despite not getting paid. But customs approvals from other government agencies are facing delays due to limited staffing. Arye Sasson, head of logistics for Signal Brands, told WSJ that it’s experiencing serious delays at the port . . . I honestly couldn’t tell you how much of it is from the shutdown, but it certainly doesn’t help.”
Source: “Los Angeles” – Google News