Latest News - page 85

 

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…

East Coast Dockworkers Strike Halts Half of US Ocean Shipping

Oct 01, 2024

Dockworkers on the U.S. East Coast and Gulf Coast began a strike early on Tuesday, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation's ocean shipping after negotiations for a new labor contract broke down over wages…

Liebherr’s Third STS Container Crane Makes Its Way to North American Port

Oct 01, 2024

Crane specialist Liebherr has delivered its third ship to shore (STS) container crane to PSA Penn Terminals in Philadelphia.PSA Penn Terminals received its third Liebherr STS crane in September 2024, complementing the two commissioned in 2018…

200 Voices From Around the US Support New Investments in Cleaner Port Infrastructure in Southern California

Oct 01, 2024

Back in August 2023, 111 businesses and labor organizations signatories signed a letter to the Mayors of Los Angeles and Long Beach asking for their opposition to South Coast Air Quality Management District’s (SCAQMD) Port Indirect Source Rule…

New York Bracing for Ports Strike Impact

Sep 30, 2024

New York Governor Kathy Hochul said an impending East Coast and Gulf Coast port strike set to start early on Tuesday could result in significant disruptions but urged residents not to stockpile food.'We're deeply concerned about the impact a strike could have on our supply chains…

Delmar Systems Acquires IKM Mooring Services

Sep 30, 2024

Delmar Systems AS announced it has acquired IKM Mooring Services, expanding its footprint in Norway.As part of the acquisition, Delmar Systems will integrate IKM Mooring Services' operations into its existing framework.'We are excited to welcome…

Ship Design & Construction: Laurie Balan, COO, Genoa Design

Sep 30, 2024

Genoa Design International has been providing production design and 3D modeling services to shipbuilding and offshore industries from Newfoundland and Labrador for nearly 30 years. With a team of more than 200, Laurie Balan, COO, Genoa Design International…

Mexico's New Olmeca Refinery Ships First Fuel Export to India

Sep 30, 2024

Mexico's Pemex this month shipped its first fuel export cargo from its new Olmeca refinery to India, a sign of progress after multiple delays and spiraling costs, according to shipping data and industry sources.Mexican President Andres Manuel Lopez Obrador…

Dredging Commences at Australia's Port Hedland

Sep 30, 2024

Dutch dredging and marine services contractor Jan De Nul announced it has commenced a new dredging program in Australia's Port Hedland. Dredging vessel J.F.J. De Nul started capital dredging and reclamation works for the development of the Lumsden Point General Cargo Facility and Logistics Hub…

PortPic Gathers in Italy to Discuss Hull Cleaning

Sep 30, 2024

This week [September 30 to October 2] about 40 companies, stakeholders and NGOs gather in Pontignano, Italy, to discuss and share insights about the developments taking place within hull cleaning and in-port inspections for the shipping industry…

Logistics News

AAPA Writes to DOT about Surface Transportation Reauthorization

AAPA Writes to DOT about Surface Transportation Reauthorization

Ships Queue at Russian Grain Port

Ships Queue at Russian Grain Port

Baltimore: Bulk Carrier Afloat After Explosion

Baltimore: Bulk Carrier Afloat After Explosion

$1 Billion Fine for X-Press Pearl Disaster

$1 Billion Fine for X-Press Pearl Disaster

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Oil prices rise as investors pay attention to Trump-Zelenskiy Meeting
Sheinbaum, Mexico's Sheinbaum, says there is no agreement between DEA and Mexico on 'Project Portero.
Turkish Airlines has confirmed that Air Europa in Spain has accepted its offer to purchase a minority stake