Starting March 1, 2025, ocean common carriers of containerized cargo are expected to file documented export strategies with the US Federal Maritime Commission (FMC) on an annual basis.The increased obligation is one of several notable developments…
DP World achieved a milestone at its Mundra International Container Terminal (MICT) with the highest-ever throughput of 1.42 million TEUs in 2024, an 11% surge in throughput compared to '23. Continuing its momentum in January, DP World Mundra achieved a record monthly throughput of 138…
DP World’s ports and terminals handled a record 88.3 million twenty-foot equivalent units (TEUs) in 2024, up 8.3% year-on-year, despite macroeconomic headwinds and concerns over the outlook for global trade.The global logistics business, which…
Syria's General Authority for Land and Sea Ports said on Wednesday that it had agreed to a new contract with French shipping and logistics group CMA CGM to operate the container terminal at the Latakia port.The Syrian port authority said in…
Cargo tonnage and container throughput are up at Florida’s Port Everglades with a double-digit growth during the first quarter of fiscal year 2025 (Oct. 1 to Dec. 31, 2024).The port's total container throughput in TEUs is up by 12% to 285,335 TEUs compared to 255…
Giving the annual State of the Port address, Bethann Rooney, the port director of the Port Authority of New York and New Jersey, recalled 2024 saying: “Just as you think there’s nothing else that can go wrong and you’ve experienced it all, we…
Ocean Network Express (ONE) and LX Pantos have established a joint venture, Boxlinks LLC.The partnership will provide end-to-end domestic intermodal transportation services, utilizing both companies’ partnerships with major rail carriers and…
Victoria International Container Terminal (VICT), ICTSI's operation at the Port of Melbourne, has purchased four new hybrid automatic container carriers (ACCs) from Kalmar.The new carriers, scheduled for delivery in 2025, will each feature a…
On February 1, Maersk A/S (Maersk), an entity under A.P. Moller - Maersk, and Hapag-Lloyd AG (Hapag-Lloyd) launch their operational collaboration Gemini Cooperation. The ambition is to deliver a flexible and interconnected ocean network with…
Middle East ceasefire and Lunar New Year will see ocean container freight rates fall further in February - with carriers now taking action to slow the market decline.Latest data from Xeneta – an ocean and air freight intelligence platform –…
The Port of Oakland experienced a solid 2024, processing 2.26 million TEUs (twenty-foot containers), representing a 9.5% increase over 2023.The 2024 cargo data reflects a long-term growth trend in consumer spending in the San Francisco Bay Area and in the rest of the country…
Two separate breakaways of container ships berthed at the Port of Brisbane, Australia, after heavy rains highlight the importance of robust emergency and risk management arrangements, according to an Australian Transport Safety Bureau investigation…
Onne Multipurpose Terminal (OMT), International Container Terminal Services, Inc.’s (ICTSI) operation in Nigeria, has purchased and put into operation two new mobile harbor cranes and a container freight station. These investments underscore…
The time charter (TC) rates for Post Panamax container vessels rose by 111% year-on-year (y-o-y) in 2024, hitting 73,330 USD/Day, and has led to a huge uptick in newbuild orders and a slowdown in demolitions according to Veson Nautical’s ‘2024 End- Of-Year-Report’…