As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners will likely be enjoying high freight rates until the end of the year.Iron ore spot freight rates from Western Australia…
The Jacksonville Port Authority (JAXPORT) Board of Directors selected new officers during its monthly meeting on Sept. 27, unanimously electing financial services executive Wendy O. Hamilton as Chair.Hamilton is a certified financial planner…
The U.S. Army Corps of Engineers (USACE) on Friday awarded a $139 million construction contract to Great Lakes Dredge & Dock Company, LLC. (GLDD), to complete the third phase of the landmark Port of Corpus Christi Ship Channel Improvement Project (CIP)…
Indian officials said on Tuesday they had seized nearly three tonnes of heroin originating from Afghanistan worth an estimated 200 billion rupees ($2.72 billion) amid the chaos following last month's takeover of the country by the Taliban.Afghanistan is the world's biggest illicit opiate supplier…
U.S. grain exports increased last week as shippers along the Louisiana Gulf Coast recovered from flooding and widespread power outages caused by Hurricane Ida's Aug. 29 landfall, but volumes were much lower than normal, preliminary data showed on Monday…
Severe, unforecasted winds caused a containership to breakaway from a pier and damaged equipment at the Napoleon Avenue Container Terminal in New Orleans on Aug. 2, 2020, according to the National Transportation Safety Board.As longshoremen…
Supply chain issues tied to liner shipping have been front page news throughout 2021; just about everyone agrees that there’s a problem. The underlying cause is right out of Economics 101: a surge in demand for moving containerized cargo, in…
Several south Louisiana ports are requesting federal assistance to bolster recovery efforts in the wake of Hurricane Ida.On August 29, Ida made landfall in southeast Louisiana as a category 4 storm, heavily impacting local infrastructure, waterways and communities…
Offshore wind developer Parkwind has selected the Port of Mukran as a service base that will serve its Arcadis Ost I wind farm, in the Baltic Sea, offshore Germany.Earlier this week, Parkwind, wind turbine maker Vestas, and construction firm…
Vitol’s Singaporean bunker operations company, V-Bunkers, placed an order to build two electric-hybrid bunker tankers, with the intention to deploy them for harbor ops in Singapore.The bunker tankers are being built at an undisclosed shipyard…
Containerized cargo volumes through Alabama's Port of Mobile continue to climb in 2021 as shippers seek uncongested gateways servicing key North American markets. In August, container volumes increased 34% over August 2020 volume, while year-to-date volume posted 27% over the same period last year…
The Jacksonville Port Authority (JAXPORT) has partnered with the nonprofit Maritime Transportation System Information Sharing and Analysis Center (MTS-ISAC) to form a new cybersecurity information sharing cooperative called the Northeast Florida Maritime Information Exchange (NEFL-MIX)…
A record 60 container vessels are at anchor or adrift in the San Pedro Bay, waiting to be unloaded at the Port of Los Angeles/Long Beach seaports and another 20 are due to arrive in coming days, a port executive said on Wednesday.With the pandemic still raging around the world…
The ports of Houston, Galveston, Freeport and Texas City in Texas on Wednesday lifted the 'yankee' status they had set ahead of Hurricane Nicholas, which made landfall on Monday, allowing the resumption of inbound vessel traffic, the U.S. Coast Guard said…
U.S. beef exports through the Port of Oakland have risen sharply this year despite shipping disruptions that have hobbled global supply chains.According to the port, its beef exports—which are almost exclusively bound for Asia—increased 25% between January and July…
