April 2025
Drewry, the maritime research and consultancy, said its World Container Index decreased 4 percent to USUS$2,168 per 40-foot equivalent unit, or FEU, the week of March 25.
The latest Drewry WCI composite index is 79 percent below the previous pandemic peak of USUS$10,377 in September 2021 but was 53 percent higher than the average 2019 (pre-pandemic) rate of USUS$1,420.
The average composite index for the year-to-date is USUS$3,053 per FEU, which is ...
[+]
The Trump administration has nominated Derek Barrs to serve as Federal Motor Carrier Safety Administrator after acting administrator Adrienne Camire inexplicably disappeared from the agency’s top post, Transport Topics reports.
Barrs, a former Florida Highway Patrol chief with more than three decades of public safety experience, would take a role ...
[+]
Galveston Wharves staff and construction contractors have provided updates on five projects totaling US$77.5 million to expand and improve our West Port Cargo Complex.
Funding for the projects comes from a US$36 million state grant and port cash reserves, largely generated from our growing cruise business.
Here’s a summary of each project ...
[+]
MSC Verona, an LNG-powered 16,000 twenty-foot equivalent-unit, or TEU, container ship, on March 24 became the largest cargo ship to ever visit the Port of Boston’s Conely Container Terminal.
MSC Verona is 1,200 feet long – the length of four football fields – and 167 feet wide. Massport said the vessel’s ...
[+]
The World Trade Center New Orleans, or WTCNO hopes to utilize comprehensive analysis to optimize global commodity flows and maximize the economic benefits of the Lower Mississippi River region.
The Lower Mississippi River Commodity Analysis represents a collaborative effort between Louisiana’s five-deep draft ports along the Lower Mississippi River – the ...
[+]
The Port Authority of New York and New Jersey, or PANYNJ, on March 27 approved a lease extension for A.P. Moller – Maersk’s APM Terminals Elizabeth lease through December 2062, Maersk reported.
Originally set to expire in 2029, the 33-year lease extension marks a significant milestone in the company’s relationship with ...
[+]
APM Terminals has acquired the Panama Canal Railway Co., or PCRC, from Canadian Pacific Kansas City Ltd and the Lanco Group/Mi‑Jack.
PCRC operates a 47-mile, single-line railway adjacent to the Panama Canal that mainly facilitates cargo movement between the Atlantic and Pacific oceans. In 2024, the PCRC generated US$77 million of ...
[+]
Fast-moving changes in supply chains across the world are more complex and unexpected than ever says international freight and cargo handling insurer.
A recent bulletin from TT Club, mutual insurance and related risk management services to the international transport and logistics industry, focuses on drug smuggling and cargo theft in the ...
[+]
Yang Ming Marine Transport Corp. said March 28 that it has purchased three 8,000 twenty-foot-equivalent-unit methanol dual-fuel-ready containerships from Shoei Kisen Kaisha Ltd.
The vessels are being built by Imabari Shipbuilding and are scheduled for delivery between 2028 and 2029. Yang Ming said the acquisition will strengthen its global service network ...
[+]
Global platform Trade Tech Inc. said it is streamlining its Customs regulatory processes to support freight forwarders and logistics providers with more efficient digital solutions.
As part of this effort, U.S. Customs veteran Mike Cooney has joined the Seattle-based company as senior systems analyst – Customs entry, to guide TradeTech’s bringing ...
[+]
