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Drewry, the independent maritime research consultancy, said its World Container Index decreased 4 percent to US$3,349 per 40-foot container the week of Oct. 10, 68 percent below the previous pandemic peak of US$10,377 in September 2021, but 136 percent more than he average pre-pandemic rate (2019) of US$1,420.
The average composite index for the year-to-date is US$4,079 per 40-footer, which is US$1,248 higher than the 10-year average rate of US$2,831 (inflated ...
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The Texas Port of Brownsville said it has secured a low-interest US$43 million loan from the Texas Department of Transportation, or TXDOT, for its Brazos Island Harbor Channel Improvement (BIH) project.The Ship Channel Improvement Revolving Fund, or SCIRF, loan provides the Port or Brownsville’s share ...
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BIMCO’s Documentary Committee has adopted the AUTOSHIPMAN agreement in response to a growing number of remotely controlled ships.The AUTOSHIPMAN agreement provides a standard contractual foundation for third-party ship managers to deliver services for the operation of remotely controlled or fully autonomous ships. Remotely controlled ships ...
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Wallenius Wilhelmsen said four of the dozen Shaper-class vessels on order with Jinling Shipyard (Jiangsu) will be increased in size from 9,300 car equivalent units to about 11,700 CEUs – the largest pure car truck carriers to ever to sail and are intended to reduce ...
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The Port of Virginia’s expanded central rail yard is fully operational, signaling the completion of a project giving the port the capacity to process 2 million twenty-foot equivalent units, or TEUs, by rail annually.“Modernizing and expanding the capability at NIT’s [Norfolk International Terminals] central rail ...
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Spliethoff said it has placed an order with Wuhu Shipyard Co. Ltd. in China for the construction of a new series of eight multipurpose vessels with an option for two additional vessels. This new series will be delivered starting the first quarter of 2028.The L-type ...
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To improve efficiency and competition, Upper and Lower Mississippi River ports have signed their first Cooperation Endeavor Agreement at the National Waterways Conference’s annual meeting in September.This historic partnership could lead to significant advancements in cooperation efforts toward business development, infrastructure investment, and federal support ...
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Jumbo Maritime, the heavy-lift shipping and offshore transportation & installation contractor, has installed two Econowind mechanical sails on the Jumbo Jubilee –the first time that the Dutch manufacturer’s VentoFoils have been placed on a heavy-lift vessel.Along with new anti-fouling measures on the Jumbo Jubiliee’s propellers, ...
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Belgium-based Aertssen Logistics has established a U.S. footprint with an international logistics site near the Port of Savannah.The equipment processing center in Rincon, Georgia, 14 miles from the Port of Savannah’s Garden City Terminal, will serve the machinery, agriculture, equipment and construction sectors moving cargo ...
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Breadbox Shipping is pursuing fleet renewal and has entered a new building program, Joris Jan Bakker, CEO and owner, said in a LinkedIn post.Some of the vessels owned or on long-term time charter by the group were approaching the end of their lifespan, prompting this ...
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