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Ability Cargo, Lagos

Customs Clearance & Forwarding. Import & Export. Providing General & Special Solution of Air & Sea. Tel: 08166203321, 08026650244

Mitsubishi HC Capital takes over container leasing company CAI International

Japan’s Mitsubishi HC Capital (MHC) has snapped up San Francisco-based container leasing company CAI International in a $1.1bn deal. The deal comprises of $104m of preferred stock and $986m of common stock equity value, and has an enterprise value of…

Congestion persists as volumes rise at Port of Oakland

Imports jumped by 26% in May at the Port of Oakland, although the spike in volumes is creating immense operational challenges for marine terminals and ocean carriers. The port handled 1.08m teu between January and May, representing a record high,…

BEST acquires new port equipment

With the addition of two new gantry cranes and two shuttle carriers, Hutchison Port BEST now has a total of 13 quay cranes capable of operating the world’s largest container ships. The cranes are currently being commissioned and are expected…

Profit-focused FedEx Freight abruptly dumps ‘less-lucrative’ LTL clients

Executives and logistics planners at some 1,400 US firms had their weekend wrecked, courtesy of FedEx Freight. On Friday, the company notified customers it would no longer pick up their shipments, starting Monday. The integrator’s trucking arm said the sudden…

Lockdown may be easing, but box and capacity shortages still hobbling Indian exports

India may be slowly easing out of lockdown, but limits on factory production and tight air and sea freight capacity are still jeopardising exports – particularly to the US. Covid restrictions vary from state to state, but major economic hubs…

Montreal Port Authority signs agreement with biofuel specialist

Montreal Port Authority (MPA) has signed a cooperation and development agreement with biofuel production specialist Greenfield Global, in an effort to evolve towards clean energy, notably green hydrogen, ethanol and methanol. In the wake of dockside shore power implemented in…

Adba Shipping Cargo Network

Services Our Valuable Services Air & Sea Freight Export Shipments to worldwide Air & Sea Freight Import shipments from worldwide Airport/Seaport to Airport/Seaport Services Door to Door Services Express Air Services Small Packages / Documents / Courier Services Air &…

Shivalik Shipping

We Provide Fast & Safe Service to Our Customer Shivalik Shipping Services private limited based in India (Mumbai) was incorporated in 2010 is a team of highly motivated professionals sharing the same passion for the sea, ships & the personnel…

Transocean looks to raise $400m

Offshore driller Transocean is looking to benefit from a continuous rise in its stock price in the past months by setting up a plan to raise additional cash. The company has recently entered into an equity distribution agreement with Jefferies…

MSC’s secondhand splurge over the past 10 months hits record 60 ships

Mediterranean Shipping Co’s stunning secondhand splurge has hit another milestone. The Soren Toft-led company has paid Eastern Pacific Shipping $42.5m for the 5,018 teu Kowloon Bay boxship, according to multiple broker reports. This sale comes alongside other recent purchases including the 4,250…

Congress discusses forcing liners to accept US export container bookings

American politicians are discussing taking drastic action to force global liners to take all US export container bookings. A Republican and a Democrat have pitched the idea to the US House Transportation & Infrastructure Committee, claiming yesterday American exporters are…

Biden pressured to fix US port congestion issues

America’s National Retail Federation (NRF) yesterday asked president Joe Biden to step in and help fix port congestion as retailers face up to the trickiest peak season in living memory. “The supply chain disruption issues, especially the congestion affecting our…

HMM confirms cyber attack

South Korea’s HMM has become another shipowner to suffer a cyber attack. The company confirmed today that it had detected an unidentified security breach, which led to limited access to the e-mail outlook system in certain areas. Most of the…

CNES and CMA CGM partner together to create innovative solutions for shipping, logistics and spave industry

CMA CGM and the French National Centre for Space Studies (CNES) have signed a five-year partnership agreement to identify, design and develop innovative solutions together. Calling on their respective expertise, the two organisations will serve shipping, logistics and the space…

Port of Los Angeles reaches 10m container unit milestone

The Port of Los Angeles has become the first port in the Western Hemisphere to process 10m container units in a 12-month period. The landmark moment occurred when a container was loaded onto the CMA CGM AMERIGO VESPUCCI at Fenix Marine Services…

Hapag-Lloyd to provide full transparency on vessel arrivals

Amongst one of the worst operational crises for the container industry in many years, Hapag-Lloyd is set to offer enhanced transparency on the schedule performance of its vessels. By also increasing the ships’ on-time performance, the carrier aims to improve…

HPC to assist in performance upgrades at terminal in Port Sudan

Sudan’s transport ministry has commissioned Hamburg Port Consulting (HPC) to assist in reducing vessel waiting time and increasing equipment availability at South Port Container Terminal (SPCT) in Port Sudan. The goal of the planned port development programme for the country’s…

Report highlights the challenge California faces in creating zero-emission ports

A recently released report from global infrastructure advisory firm Moffatt & Nichol looks at the challenges California’s container and roro marine terminals will face in working to meet the state’s emission-reduction mandate. Not only has governor Gavin Newsom issued an…

New port complex in Brazilian state of Espírito Santo moves a step closer

The Imetame group is preparing to build a private port complex in Aracruz, in Brazil’s state of Espírito Santo. The company has now obtained all of the licences it requires to begin construction, which it has estimated will cost $335m…

China congestion pushes carriers as they are ‘forced’ to add surcharges

Carriers, faced with increasing congestion, low productivity and a mounting backlog of exports in southern China have been forced to omit port calls, extend gate-in times and, in Ocean Network Express (ONE)’s case, added a $1,000 surcharge on reefer cargo…

Supply chain disruption warning as EU prepares sanctions on Belarus

Asia-Europe shippers and freight forwarders using the overland rail routes have been warned of potential disruption, as political tension mounts in the aftermath of the recent diversion of a passenger plane for the arrest of a Belarussian journalist. Last month’s…

Fast services from Asia bypassing congested southern Californian ports

Two more container lines have suspended expedited services through the US port of Oakland. They are following in the footsteps of Zim, which was forced to divert the inaugural sailing of its Central China E-Commerce Express to Los Angeles and…

Pearl River Delta jammed

The principle goods highway to the world’s consumers is jammed. In the wake of a Covid-19 outbreak at Yantian Port in eastern Shenzhen on May 25, vessels have backed up in the South China Sea, while others have sought alternatives…

China’s first floater foundation launched

China’s first floating wind foundation platform rolled out yesterday from the Wison Offshore & Marine yard in Zhoushan. The 91-metre by 32-metre semisub foundation will be used to mount the world’s first typhoon-resistant floating wind turbine. The trailblazing floater will…

Container shortage worsens as box ships avoid Chinese ports that need empties

The availability of containers at southern Chinese ports continues to deteriorate as carriers omit calls due to a wave of Covid outbreaks in Guangzhou province. According to the latest data from Container xChange, the ports of Yantian, Shekou and Nansha…

South Korean shipowners hit out after 23 lines are fined for price-fixing

South Korea’s anti-trust authority has slapped penalties on 23 liner operators for colluding to fix freight rates. But the move has angered the Korea Shipowners’ Association (KSA). The Korea Fair Trade Commission (KFTC) said on Tuesday its investigations found that…

Cosco in negotiations to buy minority stake in Hamburg container terminal

Hamburger Hafen und Logistik (HHLA) and Cosco Shipping Ports Limited (CSPL), the Hong Kong-listed terminal operator part of the Cosco empire, are negotiating the purchase of a minority shareholding by CSPL in HHLA Container Terminal Tollerort (CTT), a wholly-owned subsidiary…

Samsung Heavy partners with the Korea Atomic Energy Research Institute to develop nuclear-powered ships

One of the world’s largest shipbuilders is pressing ahead with plans to build nuclear-powered merchant ships. Samsung Heavy Industries said Wednesday it will partner with the Korea Atomic Energy Research Institute (KAERI) to develop molten salt reactors to power ships…

NYSHEX enters European markets

The New York Shipping Exchange (NYSHEX) is expanding into Europe, tapping a former chairman of the digital platform to run regional operations from the UK. The box contracting platform, which was founded six years ago initially focusing on the transpacific,…

Global Ship Lease acquires 12 boxships from Borealis

London-headquartered containership owner Global Ship Lease (GSL) has sealed a deal with Borealis Finance to acquire 12 containerships for a total of $233.9m. The 12 vessels have an average size of around 3,000 teu, a weighted average age of 11…

How the X-Press Pearl disaster could have been avoided

Shipping man and author, Carlos Luxul, questions why the X-Press Pearl was not allowed to offload a leaking box of acid at ports in Qatar and India before its fateful voyage to Sri Lanka. The X-Press Pearl sank on June 2 in…

Hellmann to add new Auckland Airport facility

Hellmann Worldwide Logistics has announced a €28m lease and development investment with New Zealand’s Auckland Airport to establish a new ambient warehousing complex dedicated to multinational manufacturer Techtronic Industries (TTI). The 19,200 sq m complex is located directly at Auckland…

Rocket Cargo: Airfreight but not as we know it

The US Department of the Air Force (DAF) has revealed a new project where it will examine whether it can use rockets to transport cargo. As part of its Vanguard research programme, the Air Force Research Laboratory (AFRL) will lead…