Sea
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 ...
[+]
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 ...
[+]
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 ...
[+]
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 ...
[+]
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 ...
[+]
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 ...
[+]
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 ...
[+]
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 ...
[+]
Logistics payment platform PayCargo and Gnosis Freight, a provider of supply chain visibility and execution software for shipping containers, on March 3 announced an integration and partnership with leading liner shipper Hapag-Lloyd to launch the Container Payment Portal, or CPP.
Hapag-Lloyd has released plans to ...
[+]
The BlackRock-TiL Consortium and CK Hutchison said March 4 they have reached in principle agreements whereby BlackRock-TiL will acquire HPH’s 90 percent interest in the Panama Ports Co.,BlackRock-TiL will also acquire CK Hutchison’s 80 percent effective and controlling interest in subsidiary and associated companies owning, ...
[+]
