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New Block Train between Moscow and Kazakhstan Ruscon and TransContainer, both subsidiaries of Russia’s major logistics player Delo Group, have launched a regular rail round-trip container service between Moscow and Kazakhstan. The train operates between the rail station of Kresty in Moscow region, where Ruscon operates a container terminal, and the rail station of Zhety-Su in Almaty in Kazakhstan. Ruscon provides freight forwarding, terminal handling at the terminal in Kresty and trucking services from Kresty, while TransContainer is responsible for rail transportation. Kazakhstan’s Atasu...

Synopsis Container box shortages and port congestions due to pandemic-related operational disruptions have extended container ships' turnaround times, further increasing freight rates. iStock Fitch said the ongoing virus outbreaks in many regions and mobility restrictions are likely to keep freight rates abnormally high in the short term. LONDON: Global container shipping companies' performance will be strong in 2021 after a profitable 2020, according to Fitch Ratings. Spot freight rates will remain high in the short term which will flow through to contracted rates for 2021. However, Fitch s...

Large Container Terminal raises USD $550 Million from Global Private Equity Partners The International Container Terminal Operator has raised $550 Million financing from Global Private Equity Partners NEW YORK, NEW YORK, UNITED STATES, February 23, 2021 /EINPresswire.com/ -- Large Container Terminal raises USD $550 Million from Global Private Equity Partners. The International Container Terminal Operator has raised $550 Million financing from Global Private Equity Partners, setting the stage for other Subsidiary Companies of the Group to tap the capital market through the ...

In January 2021, the sea ports of Ukraine handled 75.7 thousand TEU, down 15.7% year-on-year. By way of comparison, Russia’s largest Black Sea port of Novorossiysk during January 2021 handled 72.2 thousand TEU growing by 8%. According to the Ukrainian Sea Ports Administration, export container traffic via the Ukrainian sea ports made 36.3 thousand TEU, down 15.9% year-on-year. Import decreased by 14.3% down to 36.7 thousand TEU. Transit container traffic via the major Ukrainian ports declined by 28.3% down to 2.7 thousand TEU. Cabotage was non-existent. Odessa handled 45.4 thousand TEU in J...

iStock Shipping’s return to favor is also reflected in ZIM’s $217.5 million initial public offering on the New York Stock Exchange. Story outline Shipping’s return to favor is reflected in ZIM’s $217.5 million IPO on the New York Stock Exchange. After falling 23% on their first day of trading Jan. 28, the shares have rallied almost 75%. The recent string of orders appears to be aimed at replacing some aging vessels. Some of the world’s largest container-shipping lines are ordering new vessels amid surging demand for ocean-cargo services, giving a long-awaited boost to the outlook ...