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South Africa's state-owned Transnet transport giant is to spend ZAR80.3 billion (US$10.5 billion) - with ZAR20 billion spent this year - on capital projects over the next five years that will tap capital markets for ZAR37 billion, says CEO Maria Ramos.

Germany plans to spend EUR280 million (US$439.2 million) on raising the capacity of the 98-kilometre Kiel Canal that links the lower Elbe River to the Kiel Fjord and serves as a link between the North Sea and the Baltic.

The YM Uberty, an 8,200-TEU newbuilding, called at Shekou Container Terminals (SCT) in Shenzhen on her maiden voyage recently.

Member container shipping lines participating in the Far Eastern Freight Conference (FEFC) have announced a Bunker Adjustment Factor (BAF) for the trade to and from ports in the Mediterranean and on the west coast of Europe.

The situation looks bleak for container shipping lines participating in the Westbound Transpacific Stabilisation Agreement (WTSA) as they struggle to overcome continuing space and equipment shortages to Asia.

Germany is planning to widen and deepen the 62-mile Kiel Canal, which links the North and Baltic seas, and saves vessels the 250-nautical-mile voyage around Denmark

Strong US export growth is not enough to offset the trade imbalance on the transpacific route with shipping lines still struggling to cope with crippling operational costs.

Vietnam's newest container port, the Cai Mep International Terminal, held a ground-breaking ceremony on board a vessel overlooking the construction site on the Cai Mep River in Ba Ria-Vung Tau Province¡¯s Tan Thanh District.

The Port of Los Angesles have unveiled a new heavy-duty electric truck that has zero CO2 emissions and can shuttle containers within marine terminals and, more important, between the harbour and nearby warehouses and intermodal rail yards.

U.S. Jones Act carrier Horizon Lines, embroiled in a U.S. Justice Department investigation into the pricing practices of certain domestic ocean carriers, said Wednesday that two employees involved in its Puerto Rico trade lane operations have submitted their resignation.

Dubai Ports World is buying out its joint venture partners in its Chennai container terminal, the Hindu Business Line reported Wednesday.

South Korea's STX Shipbuilding on Wednesday announced it has designed a 22,000-TEU containership that it claims will reduce per container shipping costs by 40 percent.

ABG Infralogistics is set to secure the operation, handling and maintenance contracts for two berths, (Nos. 2 and 8) at the Haldia dock, thus outbidding three others in the race, namely, TM International Logistics (in partnership with Ripley & Co), Sical Logistics and Orissa Stevedores Ltd, it is learnt. However, the Board of Trustees of the Kolkata Port Trust is yet to formally approve the selection of the company, it is also learnt.

Weighed down by the high Canadian dollar and weakening US demand, traditionally richer Ontario and Quebec will see exports tumble 7 per cent and 4.5 per cent this year, while traditionally poorer prairie provinces enjoy an export upsurge, said a report issued by the federal Export Development Canada agency.

Guangzhou Bonded Logistics Park is expected to pass national inspection and start operations in August, becoming the first bonded port area in Guangzhou, Xinhua reported.

Services to India's west coast ports have been upgraded with the new Maersk-Emirates Shipping Line container loops to Middle East and Arabian Gulf that also enhances connections to India and China.

China customs recorded a foreign trade surplus of US$220.7 billion in April, an increase of 23.9 per cent over the same month a year ago and 19.6 per cent comparing to March's $204.5 billion.

Shortly after increasing capacity on its Mediterranean Express Service (MEX), Senator Lines has announced it will now double capacity on its New Mediterranean Express Service (NMX) from June.

As the reefer season draws to a close, Maersk has announced plans to lower the capacity of its KNSM service between North Europe and Morocco.

The company that runs India's biggest private sector port, Mundra Port and Special Economic Zone Ltd, reported a 12.4% increase in net profit for the year to March, boosted by strong demand for importing raw materials and exporting finished goods.