Sea
CMA CGM Group, French shipping and logistics company, said it delivered a “robust performance” in the third quarter, driven by sustained demand in maritime shipping amid disruption to major routes.Group revenue increased 38.5 percent to US$15.8 billion in the quarter ended Sept. 30, driven mainly by the shipping business. Earnings before interest, taxes, depreciation, and amortization totaled US5 billion, up 31.4 percent from the year-earlier period, and a 14-point improvement ...
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Shipyards’ deliveries of container ships reached a new annual record just 10 months into 2024, said BIMCO, the organization for ship owners, charters, brokers and agents.The 410 ships delivered with combined capacity of 2.5 million 20-foot equivalent units bettered the previous high of 2.3 million ...
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Ports in New York, New Jersey, California, Georgia, Texas, Pennsylvania, the Pacific Northwest and Puerto Rico were among 55 successful applicants receiving nearly US$3 billion through the U.S. Environmental Protection Agency’s Clean Ports Program.Funded through the Biden-Harris administration’s Inflation Reduction Act, these grants will improve ...
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The Port of Los Angeles has been awarded a US$412 million grant from the U.S. Environmental Protection Agency’s Clean Ports Program to support the zero-emission transition at the nation’s busiest trade gateway.The port and its private sector partners will match the EPA grant with an ...
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Hapag-Lloyd has signed contracts with two Chinese shipyards for a total of 24 new energy efficient container ships, with 312,000 TEUs of total combined capacity, and a combined investment of about US$4 billion.Twelve 16,800 20-foot-equivalent units will be built by Yangzijiang Shipbuilding Group and will ...
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Drewry, the maritime research and consultancy, said its World Container Index increased 4 percent to US$3,444 per 40-foot container the week of Nov. 7.The latest Drewry WCI composite index is 67 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 Authority said it will receive US$105 million through the U.S. Environmental Protection Agency’s Clean Ports Program to deploy zero-emissions equipment.The port’s EPA grant will support about 70 percent of the cost of following zero-emission equipment and projects, including: Three tugboats, ...
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The Port of Baltimore will receive more than US$147 million in U.S. Environmental Protection Agency Clean Ports Program funding to expedite decarbonization and electrification efforts at the port.The Maryland Port Administration and private partners will use the funds to purchase 213 pieces of new zero-emission ...
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An indefinite strike began 11 a.m. Halloween morning at the Port of Montreal’s Viau and Maisonneuve terminals, by the Canadian Public Employees Union (CUPE) Local 375, the longshore workers’ union.The two Termont-operated terminals are closed, with no rail, truck or ship services provided, paralyzing about ...
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Global ocean container supply chains experienced record-high carbon emission in the third quarter of 2024, due to the ongoing impact of conflict in the Red Sea, spiraling freight rates and congestion, according to Xeneta, the ocean and air freight rate benchmarking and market analytics platform.
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