Scaremongering port workers’ union issues misleading claim of US$30,000 rates as USEC strike begins
The International Longshoremen’s Association (ILA) has today (10 October) gone ahead with strike action at US ports from Maine to Texas and accused ocean container carriers of ‘gouging customers’. The ILA confirmed the strike in an announcement yesterday, Monday, while at the same time claiming ocean container carriers are now charging US$30,000 per container in […]
Global fleet on growth trajectory; external factors contribute to volatility
Over these four years, the container ship fleet has seen phases of contraction, rapid expansion, and moderate growth, reflecting the dynamic nature of global trade and regulatory environments. The expansion in shipbuilding and fleet size was directly tied to the increasing demand for containerized transport, demonstrating the sector’s resilience and its critical role in global […]
California Governor signs legislation to accelerate Pier Wind project at Port of Long Beach
California Governor Gavin Newsom signed Assembly Bill 2235, which allows the Port of Long Beach to expedite the design and construction of Pier Wind—a proposed 400-acre terminal aimed at facilitating the assembly and deployment of floating offshore wind turbines. Authored by Assembly member Josh Lowenthal, AB 2235 is designed to lower costs and speed up […]
Challenge expands in India with extra freighter flights
Liege-based Challenge Group will expand its freighter operation to India with the addition of flights to Delhi. The new flights will operate twice per week on Wednesdays and Sundays using Challenge’s Boeing 767 aircraft, which have a capacity of around 52 tons. The new flights are in addition to the carrier’s service to Mumbai, which […]
ABP appoints new Head of Group Financial Planning and Analysis
Associated British Ports (ABP), the UK’s largest and most well-connected port operator, announced the appointment of Bianca Simeone as its new Head of Group Financial Planning and Analysis. During her time at ABP, Simeone has been instrumental in supporting the senior management team by providing key insights that drive strategic business and financial decisions. She […]
Container ship fleet now at 30 million TEUs
Fuelled by the newbuilding boom during the Covid-19-induced peak, the world container ship fleet reached 30 million TEUs in September, according to a report by shipbroking firm Clarksons. Clarkson Research director Trevor Crowe noted that the boxship fleet has grown faster in recent years, compared to the early years of container shipping in the 1950s. […]
USEC strike begins with predictions of chaos
As the dockers on the US East Coast start their industrial action, there are conflicting reports on the effects on supply chains caused by the work stoppage, ranging from higher rates to widespread backlogs and congestion. Hong Kong consultancy Linerlytica has warned that the shipping lines have not done enough to mitigate the potential for […]
Porto Itapoá expands reefer capacity amid rising animal protein exports
Porto Itapoá is set to install more than 1,800 power outlets for refrigerated containers over the next six months, with 540 outlets expected to be operational by December. This expansion will complement the existing 2,958 outlets, bringing the total to 4,038, making it the largest number of outlets in Santa Catarina and the second-largest in […]
Red Sea and Black Sea in the Spotlight
Global supply chains are increasingly vulnerable to geopolitical events, prompting companies to rethink and restructure their operational frameworks and supply chain strategies to enhance resilience against such disruptions… This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don’t have an account? Register If you […]
Oakland secures US$2.5 million federal grant to accelerate hydrogen fuel adoption
The U.S. Department of Energy (DOE) has awarded a US$2.5 million grant to advance fuel cell technology at the Port of Oakland, as part of the Biden-Harris Administration’s Bipartisan Infrastructure Law. With a total project cost exceeding US$7 million, this initiative marks a significant effort in the Californian port’s broader push to achieve zero-emission maritime […]