Latest News - page 83


China and Abu Dhabi Establish Sister Ports

Oct 03, 2024

On the 40th anniversary of the establishment of diplomatic relations between China and the United Arab Emirates, Yangpu Port and Abu Dhabi Port have become sister ports.The move was officiated by an MoU which was signed by the Yangpu Economic Development Zone Management Committee…

East Coast Port Strike Ends

Oct 03, 2024

U.S. dock workers and port operators have reached a tentative deal that will immediately end a three-day strike that has shut down shipping on the U.S. East Coast and Gulf Coast, the International Longshoremen's Association (ILA) union and the United States Maritime Alliance (USMX) said on Thursday…

Great Lakes Iron Ore Trade Dips 1.9%

Oct 03, 2024

Shipments of iron ore from U.S. ports on the Great Lakes totaled 5.5 million tons in September, a decrease of 1.9% compared to a year ago, according to latest figures from industry trade group the Lake Carriers’ Association (LCA). Shipments were above the month’s 5-year average by 6…

Ships Queue at US Ports as Dockworker Strike Enters Third Day

Oct 03, 2024

Long lines of container ships lined up outside major U.S. ports on Thursday as the biggest dockworker strike in nearly half a century entered its third day, preventing unloading and threatening shortages of everything from bananas to auto parts…

Singapore High-sulphur Bunker Fuel Premiums Soar

Oct 03, 2024

Spot premiums for 380-cst high-sulphur marine fuel at Singapore, the world's largest bunker hub, have surged due to the tight supply available for prompt deliveries, market sources said.The price strength for the fuel, which is used to power ships…

Yara: New Ammonia Import Terminal Will Kick-Start Gerrman Hydrogen Economy

Oct 02, 2024

Yara International has officially opened its new ammonia import terminal in Brunsbüttel, Germany.Brunsbüttel is located on the North Sea and Kiel Canal, making it an ideal hub for enabling the hydrogen economy in Europe, says Yara. The terminal…

US Dockworker Strike: Talks at a Standstill

Oct 02, 2024

A strike by 45,000 dockworkers halting shipments at U.S. East Coast and Gulf Coast ports entered its second day on Wednesday with no negotiations currently scheduled between the two sides, sources told Reuters.The lack of progress is raising…

White House Sides with Union as US Dockworker Strike Enters Second Day

Oct 02, 2024

President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labor deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping.The strike by the International…

ICS Launches eLearning Academy

Oct 02, 2024

The world of maritime education and training continues to evolove, with the announcement last month that Lloyd's Register had acquired Ocean Technologies Group, and the announcement today that the International Chamber of Shipping (ICS) launches…

Container Spot Rates Plummet 43%

Oct 02, 2024

“The Shanghai Containerized Freight Index (SCFI) fell another 10% in week 39. In total, the SCFI has dropped 43% during the third quarter, the largest Q3 drop in a year not affected by the COVID pandemic (2020-2023) since the SCFI was launched in October 2009…

Great Lakes Bags $342.3 Million in New Dredging Contracts

Oct 01, 2024

Dredging contractor Great Lakes Dredge & Dock Corporation announced it has received several dredging awards totaling $342.3 million.The awarded work includes:Sabine-Neches Waterway Channel Improvement, Contract 6 Project (Capital, Texas, $219…

European Automakers to Feel Biggest Impact from US Dockworkers Strike

Oct 01, 2024

European automakers are the most likely to be affected by the dockworkers strike at U.S. East Coast and Gulf Coast ports because they rely heavily on those locations, but a longer walkout could prove 'debilitating' to the entire sector, industry officials and analysts said…

How a Minor Change in US Trade Law Turbocharged the Fentanyl Crisis

Oct 01, 2024

In January 2023, U.S. federal agents raided the home of a Tucson maintenance worker who had a side hustle hauling packages across the border to Mexico.They estimate that over the previous two years, the gray-bearded courier had ferried about 7…

ILA 'Scaremongering' with Hyperbolic Box Rate Claims -Xeneta

Oct 01, 2024

The International Longshoremen’s Association (ILA) on Tuesday has gone ahead with strike action at U.S. ports from Maine to Texas and accused ocean container carriers of ‘gouging customers’.The ILA confirmed the strike in an announcement yesterday…

Pettengill Tapped to Lead Maine Port Authority

Oct 01, 2024

Chelsea Pettengill has been selected to serve as interim Executive Director Maine Port Authority (MPA), taking over for Matthew Burns, who has decided to leave his position at the helm of the MPA to return to the Maine Department of Transportation in a new role…

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