Facing global economic headwinds, the volume of containerized cargo movement continues to plummet, Peter Sand, Chief Analyst, Xeneta, summarizes: “It is clear that the carriers are no longer in charge, the shippers are.”
Stubborn long-term container rates refuse to follow in footsteps of huge spot declines, but change is coming - XenetaWith dramatic spot rate falls, a non-existent peak season, and easing port congestion freeing up capacity, the scene was set…
The Port of New Orleans (Port NOLA) announced progress on the Louisiana International Terminal in St. Bernard Parish, including investments in sustainability, updates on transportation infrastructure, and a new terminal design that directly addresses early community input on traffic…
The Port of Barcelona and Denmark's PowerCon A/S have started building the pilot project to provide electrical power to ships at the BEST terminal. The company has been awarded the contract for this project, which is part of Phase Zero of the…
Europe's largest land-based container terminal started operating near Hungary's border with Ukraine on Tuesday, aiming to increase shipments of Ukrainian grains via Hungary to Adriatic ports.The East-West Gate terminal, built at a cost of about 40 billion forints ($95…
John Ehresmann loves that the cost of shipping an ocean container from Asia to a U.S. port or buying a load of lumber has fallen back to earth.If only that were true for everything he buys — but it’s not.Some parts of his supply chain have clearly improved…
On September 14, 2022, the House Transportation & Infrastructure Committee (T&I Committee), Subcommittee on Coast Guard and Maritime Transportation, held a hearing which indicated a potential revitalization, and new enforcement regime, of U…
Nearly $850 million in upgrades at the Paul W. Conley Container Terminal has made way for largers ships, new services and connections to more global ports in the Port of Boston.Prior to the Port’s modernization, Conley offered two services reaching seven major global ports…
Work has started on site to build a new fourth berth at DP World's London Gateway smart logistics hub, the Dubai-owned ports giant announced on Monday.Scheduled to be completed in 2024, the £350 million project will lift London Gateway’s capacity by a third…
Viking Life-Saving Equipment secured a major order for its container fire-fighting tool HydroPen, following a decision by the CMA CGM Group to adopt the solution across its entire fleet.In 2020, CMA CGM ordered HydroPen sets to equip its larger containerships…
Long-term contracted rates fell by 1.1% in September, marking the first drop since January and one of only three declines in the past 21 months, recent data from the Xeneta Shipping Index (XSI) reveals. However, analysts at Oslo-based Xeneta…
The Port of Oakland announced on Friday that its total loaded container volume dropped by 8% in August compared to August 2021. Last month 155,682 loaded TEUs (twenty-foot containers) transited the port, compared to 169,602 TEUs in August 2021…
Egypt's President Abdel Fattah al-Sisi has directed the government to cooperate with AP Moeller-Maersk to establish a network to produce and distribute green energy and clean fuels for ships, a presidency spokesperson said on Monday.Maersk Chief…
Germany's ruling coalition is divided over whether to let China's Cosco take a stake in a Hamburg port terminal, government sources say, even as Beijing urges Berlin not to politicize the bid and the port authority warns this could hurt the economy…
German container shipper Hapag-Lloyd is spending billions on expanding and renewing its fleet and looking at investing in more port infrastructure to extend its edge in the post-COVID 19 world economy, chief executive Rolf Habben Jansen told Reuters…
