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Panalpina profits soar on record airfreight volumes

The Swiss-based freight forwarder reported net earnings of 57.5 million Swiss francs (U.S. $60.6 million) on CHF 5.53 billion in net forwarding revenues during 2017, year-over-year increases of 9.9 percent and 6.5 percent, respectively. Panalpina saw its consolidated profits jump 9.9 percent to 57.5 million Swiss francs (U.S. $60.6 million) during

Seaport of NY/NJ growth continues in January

The largest port on the U.S. East Coast handled 585,864 TEUs during the month, the most of any January in port history, according to the most recent data from the Port Authority of New York and New Jersey (PANYNJ). The Port of New York and New Jersey handled 585,864 TEUs in

Nigerian Seaports Record 10% Lower Ship traffic Over Govt’s Unfavourable Policies; Air Passenger Traffic Fell 8% to 13.4M in 2017 – NBS

  the inability of importers and exporters to secure foreign exchange to transact their business and insecurity in Nigeria's coastal waters were major factors.  arrivals and departures air passengers nearly evened out at 6.7 million and 7 million respectively. The fortunes of Nigeria's seaports have continued to dwindle following the

Maersk vessel catches fire in Arabian Sea

  The 15,226-TEU Maersk Honam experienced a serious fire in one of its cargo holds Tuesday in the Arabian Sea, One dead, leaving four crew members still missing. Amidst concerns over its Saturday night's loss of 70 or more containers onboard its container ship, Maersk Shanghai, in rough seas caused by stormy weather off North Carolina, the world's largest

Maersk ship loses dozens of containers off N.C. coast

The container ship MAERSK SHANGHAI lost 70 or more containers in rough seas caused by stormy weather off North Carolina, The 10,081-TEU Maersk Shanghai lost between 70 and 73 cargo containers Saturday night about 17 miles off the coast of Oregon Inlet, N.C., but all crew members are safe and accounted for.   The Maersk Shanghai lost

NIMASA plans to acquire 100 new cabotage vessels

The Nigeria Maritime Administration and Safety Agency (NIMASA), has unveiled plans to acquire 100 new cabotage vessels in collaboration with the Nigerian Content Development and Monitoring Board (NCDMB).The Director-General, NIMASA, Dr. Dakuku Peterside, who disclosed this at the second stakeholders’ meeting in Warri, Delta State, said the agency is currently

Tanzania: RC Wants Tanga Port Expansion Expedited

TANGA - Tanga Regional Commissioner Martine Shigella has appealed to the Ministry of Works, Transport and Communication to fast-track expansion of Tanga port due to its importance to East African landlocked countries. He told the Deputy Minister for Works, Transport and Communication Elias Kwandikwa who was on three - day visit