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…
Port of Los Angeles Executive Director Gene Seroka outlined the Port’s agenda for the coming year to a record 640 attendees at the 10th annual State of the Port event.After acknowledging ongoing wildfire recovery and relief efforts currently underway across Los Angeles…
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’…
China’s Ningbo-Zhoushan Port saw its cargo throughput exceed 1.37 billion tons in 2024, ranking it top globally for the 16th consecutive year.In 2023, Ningbo-Zhoushan Port processed a cargo throughput of 1.32 billion metric tons, marking a year-on-year increase of 4…
Two of the world's top shipping companies, Maersk and Hapag-Lloyd, said on Thursday they did not see an immediate return to Red Sea after the ceasefire between Hamas and Israel was announced.Both companies said they would be closely monitoring…
U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump's plan to impose new tariffs that could revive a trade war between the world's economic superpowers…
Singapore’s annual vessel arrival tonnage, total tonnage of ships under the Singapore flag, container throughput, total bunker sales and sales of alternative bunker fuels, reached new highs in 2024. Cargo throughput handled at the port of Singapore also increased in 2024…
A potential strike at East Coast and Gulf Coast ports has been avoided with the announcement of a tentative labor agreement, but the nation’s major container ports have already seen a surge in imports that is expected to continue because of potential increases in tariffs…
