News
Port of Los Angeles Reports Another Busy Month for Cargo Volumes
The Port of Los Angeles reported its ninth consecutive month of year-on-year growth, handling 770,337 container units in April 2024. This marks a 12% increase from t...
Maersk sets new bar with shipping’s first climate target validation
AP Moller-Maersk has achieved another industry first, having validated its decarbonisation targets to be in line with the Paris Agreement’s goal to hold the gl...
Container Prices Double, Leasing Rates Triple in China
The average container prices in China have reached their highest in two years, at US$3,600 this week for 40 ft high cube cargo-worthy containers in China. These p...
CMA CGM faces Polynesian hurdle in its pursuit of Bolloré Logistics
French liner CMA CGM has fallen foul of competition authorities in Polynesia in its bid to take over Bolloré Logistics. The Polynesian Competition Authorit...
Maersk Shares Hammered as Red Sea Boost Masks Overcapacity
A.P. Moller-Maersk A/S shares plunged after the shipping company said it expects renewed gloom in the industry later this year when the current boost to freight rate...
Suez Canal Diversions Pile Pressure on Egypt’s Economy
A sharp downturn in revenue after sea attacks by Yemen’s Houthis diverted away shipping away from the Suez Canal has struck a painful new blow to Egypt’s...
Number of ships waiting for Panama transit slashed in half
The queue of ships waiting at both ends of the Panama Canal stands at just half the historical average since the waterway expanded back in 2016, highlighting the dra...
CMA CGM hit by scheduling chaos as attacks disrupt Red Sea shipping
CMA CGM, the world’s third-biggest container shipping group, said some of its vessels were continuing to go through the Suez Canal but warned of scheduling c...
Port of Los Angeles Ends 2023 On a High Note
The Port of Los Angeles saw a 2.5% increase in the amount of cargo processed in December, marking the fifth consecutive month of year-over-year gains. Total cargo...
US Gov’t set to spend $46 million to electrify container ports
Multi-million-dollar grants adding up to more than $46 million from the US Federal Highway Administration (FHWA) will help support electrification efforts at several...
07 June 2024
MSC bolsters Italian rail position
30 June 2024