Only four or five months ago, the U.S. offshore market seemed poised to embark on a phase of major expansion to become one of the world’s largest markets for offshore wind installations. How things have changed with the swearing in of the new Trump Administration…
The Los Angeles port is expecting a 35% drop in cargo from Asia next week, Gene Seroka, the port's executive director, said in a CNBC interview on Tuesday.'It's a precipitous drop in volume with a number of major American retailers stopping all shipments from China based on the tariffs…
Maersk said on Tuesday it had maintained all its scheduled trans-Pacific sailings to date, albeit downsising some vessels, despite the uncertainty caused by U.S. import tariffs and the trade war between the United States and China.German container…
China's Guangzhou Port, the largest shipping hub in the country's south, opened a direct route to Chancay port in Peru on Tuesday, state broadcaster CCTV reported, a move it said would reduce logistics costs and bolster trade with Latin America…
StormGeo, a provider of maritime technology solutions, has partnered with the Finnish artificial intelligence (AI) analytics company Awake.AI to deliver AI-powered port analytics to its clients.StormGeo will promote and deliver Awake.AI’s advanced…
The CMA CGM Group welcomed the arrival of the first Indian flagged containership registered by a major foreign carrier, CMA CGM Vitoria, at Nhava Sheva Free port Terminal on April 28, 2025, in the presence of Honourable Minister of State for Ministry of Ports…
French shipping giant CMA CGM's subsidiary CEVA Corporate Services has signed a deal to acquire Turkish conglomerate Borusan's logistics arm, Borusan Tedarik Zinciri Cozumleri ve Teknoloji, for $440 million, according to a filing by the Turkish company…
China's top market regulator said on Sunday it was paying close attention to CK Hutchison's planned sale of most of its port operations to a BlackRock-led consortium and parties to the deal should not try to avoid an antitrust review.The sale by the Hong Kong conglomerate…
The death toll from a powerful explosion at Iran's biggest port of Bandar Abbas has risen to at least 40, with more than 1,200 people injured, state media reported on Sunday, as firefighters worked to fully extinguish the fire.Saturday's blast took place in the Shahid Rajaee section of the port…
A massive expansion of Mexico's largest seaport is under way as Mexican authorities bet on positive economic growth and the strength of global trade despite the gloomy outlook sparked by U.S. President Donald Trump's trade wars.The Mexican government…
World Shipping Council (WSC) welcomed Emirates Shipping Line (ESL) as a new member of the Council. WSC represents over 90% of global liner shipping capacity, working with policymakers and stakeholder groups to shape the future growth of a socially responsible…
There were 57 ships in the queue at the Port of Newcastle in Australia when the Pasha Bulker ran aground there in 2007.The coal ship was grounded for about three weeks before it was able to be towed away for repairs.The Pasha Bulker wasn’t the…
Maritime consultancy Drewry said on Thursday that it expects global container port volume to fall 1% as a direct result of U.S. trade policies.That would be the third drop in global container shipping demand since London-based Drewry began recording that data in 1979…
In a push toward decarbonizing maritime logistics, President Jae-young Byeon of the Ulsan Port Authority (UPA) and Chief Executive Sun-bae Hong of the Korea Maritime Cooperation Center (KMC) jointly announced the successful conclusion of the…
The Port of Oakland closed the first quarter of 2025 on a strong note. Total container volume rose 7.2% compared to March 2024, with Port operators handling 217,415 TEUs (twenty-foot equivalent units) in March 2025. That performance brings first-quarter volume to 601…
