The outlook for spot rates is uncertain. On one hand, US consumer sentiment is weakening, a negative for pricing. On the other, America’s controversial plan to charge high port fees, if approved, could cause congestion at larger ports and propel rates higher

ICTSI’s Christian Gonzalez says APMT is attempting to scupper its Durban deal to hold on to supply chain supremacy in South Africa, claiming the Danish giant is looking to win the terminal bid ‘on the cheap’ or prevent a rival stepping in and maintain the status quo. APMT has dismissed the allegations, stating its challenge is based on the adherence of tender rules initially drawn out by state-owned operator Transnet

Shipowners or shippers of any nationality have right to seek injunction against proposals, say lawyers

February was a record-setting month in terms of ‘on the radar’ activity with 34 arrivals captured using AIS data, but when accounting for dark activity trade remains at normal levels

Port expenses can reach $200m annually for the largest companies

Li Ka-shing’s business empire thrived by adapting to changing times, but his latest move — selling port assets to a US-led consortium — is testing Beijing’s tolerance

Dubai-based logistics giant operates Embraport, the biggest terminal at Santos, which is Brazil’s (and indeed Latin America’s) biggest container port

Port clean-up efforts underway after a containership spills 100 litres of heavy fuel oil

Key Chinese government bodies today shared another article criticising CK Hutchison’s port asset sale, stating that ‘great entrepreneurs are all ardent patriots’. The move intensifies concerns that the deal could flounder due to Beijing’s resistance

The Australian Competition and Consumer Commission outlined “preliminary competition concerns” with the deal and is now inviting submissions from interested parties 

The industry is utterly dependent on China-built tonnage and nothing is going to change that overnight

Beijing’s representative office in Hong Kong has amplified criticism of CK Hutchison’s $22.8bn port asset sale to a BlackRock-led consortium by reposting a scathing local newspaper article, fuelling speculation Chinese authorities are pressuring tycoon Li Ka-shing to reconsider the deal