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The U.S. Justice Department said Oct. 24 that the owner and operator of the container vessel Dali, have agreed to pay US$102 million to resolve a civil claim brought by the U.S. for costs borne in responding to the catastrophic collapse of the Francis Scott Key Bridge in the Port of Baltimore.The settlement against Singaporean corporations Grace Ocean Private Ltd., and Synergy Marine Private Ltd., resolves the U.S. claims for ...
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A.P. Moller - Maersk has upgraded its full-year guidance for 2024, due to a third quarter operating profit of US$3.3 million, based on preliminary unaudited figures, the shipping giant said Oct. 21.APMM now expects full-year 2024 operating income of US$5.2 billion to US$5.7 billion, up ...
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Transits of the Panama Canal dropped 29 percent in the Panama Canal Authority’s fiscal year 2024, which ended Sept. 30, reports Simon Heaney, Drewry’s senior manager, container research.Transits of the Central American cut-through reached 9,936 in FY2024, down 29.4 percent from the 14,080 transits in ...
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The Oregon International Port of Coos Bay has been awarded a US$25 million U.S. Department of Transportation grant for the development of its Pacific Coast Intermodal Port, or PCIP.The funding, from the DOT’s Infrastructure for Rebuilding America program, or INFRA will support environmental compliance and ...
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SeaPort Manatee is to receive US$9.5 million to jumpstart recovery from Hurricane Milton, Florida Gov. Ron DeSantis said Oct. 14.The emergency funding comes as fuel, food and other key goods are again beginning to flow from SeaPort Manatee to consumers throughout Southwest and Central Florida ...
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Port Canaveral has signed an agreement with the Liebherr Group to acquire a third mobile harbor crane, a significant enhancement to its cargo handling capabilities.The 320-foot-tall Liebherr LHM 600, represents the latest addition from Liebherr's newly launched mobile harbor crane product line. It’s the third ...
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Demand for holiday-related goods nudged the Port of Long Beach to its most active September and busiest quarter on record, as shippers continued to move goods ahead of a labor contract deadline for East and Gulf coasts ports that resulted in a three-day strike at ...
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Longshoremen launched an overtime strike at the Port of Montreal Oct. 10, possibly bringing delays to cargo moving through the port, as mediation is proposed.During the strike, between the Longshoremen’s Union CUPE, Local 375, and the Maritime Employers Association, the port’s terminals will remain open, ...
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Drewry, the maritime research and consultancy, said its World Container Index decreased 4 percent to US$3,216 per 40-foot container the week of Oct. 17.The latest Drewry WCI composite index is 69 percent below the previous pandemic peak of US$10,377 in September 2021, but it is ...
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The Port of Corpus Christi and its customers moved record-high 53 million tons through the Corpus Christi Ship Channel in the third quarter of 2024, driven by increases in crude oil and dry bulk movements.The third quarter total was a 2 percent increase from the ...
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