Sea
Drewry, the independent maritime research consultancy, has introduced Breakbulk Sea Transport Indices for project and general cargo vessel segments, to “better reflect the nuances of the multipurpose sector.”The new indices, which replace the previous Multipurpose Time Charter Index, highlight the relative strength of project cargo, with carriers in this niche vessel segment experiencing a stronger market than general cargo since the “Covid boom,” Drewry said.“With further increases in project cargo ...
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The Port of Baltimore launched double-stack rail operations to and from the port on Oct. 28, opening competitive intermodal opportunities in the Northeast and to Midwestern markets.Part of the Howard Street Tunnel Project, double-stacking capacity will bring cost efficiencies, environmental benefits and help the port ...
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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 ...
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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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