The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia is down by 4.7% to $1,720.94 per 40ft container (updated Thursday, 22 November 2018).
Drewry provides container freight rate benchmarking covering over 8,000 port pair combinations via its Benchmarking Club.
Sea Explorer is now offering smart connections between more than 1,200 ports around the globe through an advanced pathfinding algorithm. More than 63,000 port pairs are connected either by 750 direct weekly services or by a multitude of transshipment options.Read more
The draft rules aim to help meet EU emission reduction targets for the transport sector and make road user charges fairer. These rules would govern charges that EU member states already impose or are about to introduce on trans-European transport network roads.Read more
Containerized trade at the Port of Savannah has increased by 8% for the fiscal year to date (July-Oct. 2018), totaling 1.53 million TEUs - up 113,000 compared to the same period last year.Read more
IT executives from MSC, A.P. Moller – Maersk, CMA CGM, Hapag-Lloyd, and Ocean Network Express are currently discussing the creation of common information technology standards which shall be openly available and free of charge for all stakeholders of the wider container shipping industry.Read more
The curtailment is expected to reduce Canfor’s BC production output by approximately 10% throughout the quarter. “We have made the difficult decision to curtail our BC sawmill operations over the fourth quarter due to log supply challenges following another difficult wildfire season, uncompetitive log costs and declining lumber prices,” said Don Kayne, President and Chief Executive Officer. “We are working to mitigate impacts on our employees as much as possible.”Read more
Resolute Forest Products Inc. announced $40 million in investments at its Northwestern Ontario operations, in addition to $13.5 million in major maintenance and the creation of 25 new jobs. The announcement was made at a press conference in Thunder Bay attended by Ontario Premier Doug Ford, Ontario Minister of Natural Resources and Forestry Jeff Yurek, and many dignitaries and company employees.Read more
Together with process and grade changes carried out previously this investment will increase the mill’s bleached chemi-thermomechanical pulp (BCTMP) capacity and will improve product consistency and production reliability. The line will be taken into use during November–December 2018. The value of the investment is EUR 6 million.Read more