The Port of Los Angeles and the Port of Long Beach announced Monday that consideration of the “Container Dwell Fee” would be held off another week, until December 20.Since the fee was announced on October 25, the twin ports have seen a combined decline of 47% in aging cargo on the docks…
Imports at the United States’ major retail container ports are expected to end 2021 with both the largest volume and fastest growth on record despite supply chain disruptions brought on by the COVID-19 pandemic, according to the monthly Global…
The blocking of the Suez Canal by one of the largest container ships in service in the world – the Ever Given – in March 2021 caused huge delays to hundreds of vessels waiting to transit the canal, one of the biggest chokepoints on the critical East/West trade shipping route…
France's CMA CGM said it had agreed to buy most of Ingram Micro's Commerce & Lifecycle Services (CLS) activities in a deal valued at $3 billion, adding this was aimed at accelerating the shipping group's push into end-to-end logistics.CMA CGM…
After being very much on the margins of the offshore wind industry, floating offshore wind now appears to be ready to hit the mainstream. With gigawatt scale developments already on the horizon, what will the infrastructure needed to build and support them look like…
Stena Line plans to enter the Finnish market with a new daily route from Hanko in Finland to Swedish Nynäshamn, a step in the carrier's ambition to strengthen its position in the Baltic Sea. Starting with one ferry in February, the new route…
China formally established a new state-owned logistics group on Monday, state broadcaster CCTV reported on Monday, to strengthen domestic and global supply chains amid widespread disruptions caused by the pandemic.China Logistics Group aimed…
Walmart Inc Chief Executive Doug McMillon on Monday hailed the Biden administration's efforts to ease supply chain bottlenecks as the holiday season gets underway, noting the decision to extend port hours was having a positive impact on the flow of goods…
President Joe Biden planned to meet with chief executives of major retailers and other companies on Monday to discuss how to move goods to shelves as the U.S. holiday shopping season begins in the shadow of the Omicron coronavirus variant.Biden…
Global eCommerce furniture company Zinus signed a Memorandum of Understanding with container shipping company Maersk to become its preferred global integrator of logistics.Under the MOU, the two parties expressed their intent for Maersk to provide a stable supply of shipping containers in 2022…
MSC Mediterranean Shipping Company (MSC) announced it has fully adopted BIC Facility Codes (BFC) for all depots globally. Just like airports worldwide have the three letter IATA codes, all MSC’s depots are now identifiable with a nine-character BFC…
Europe's third largest harbor, the German Port of Hamburg, reported a 2.9% hike in sea cargo in the first nine months of 2021 on Tuesday but warned that global transport chains would remain volatile for the rest of the year.Global trade has…
Global goods trade is slowing after a sharp rebound following the initial shock of the COVID-19 pandemic as production and supply disruptions and cooling demand for imports dampen growth, the World Trade Organization said on Monday.The WTO said its goods trade barometer dropped to 99…
PowerStak fully powered stackers from Presto ECOA can be used for a wide range of load transporting and stacking requirements. PowerStak units are equipped with powered drive allowing palletized loads to be moved effortlessly by any operator…
DP World's Jebel Ali Port received China United Lines Ltd. (CULines) first vessel to call Middle East by welcoming MV CUL HUIZHOU. Arriving from Qingdao in China, the vessel reached the port in the UAE on 27 October 2021.The vessel and its crew…
