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Drewry’s Container Index Slips in October

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 126 percent more than the average 2019 (pre-pandemic) rate of US$1,420.The average composite index for the year-to-date is US$4,058 per FEU, which is US$1,225 higher ... [+]

Port of Corpus Christi Posts 3Q Record

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 ... [+]

Drewry’s World Container Index Dips 4%

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 ... [+]

Port of Brownsville Nets BIH Project Loan

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 ... [+]

BIMCO Adopts Autonomous Ship Agreement

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 ... [+]

Wallenius Wilhelmsen Upsizes Shaper Class

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 ... [+]

Wallenius Wilhelmsen Adds Strategy Role

Wallenius Wilhelmsen, the Oslo-based roll-on, roll-off and vehicle carrier, has promoted Mike Hynekamp to the newly created position of chief strategy and corporate development officer. John Felitto, senior vice president of vehicle services Americas, or VSA, will replace Hynekamp as chief operating officer of logistics ... [+]

Virginia Central Rail Yard Operational

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 ... [+]

Spliethoff Expands Fleet with New L-Type

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 ... [+]

Port of Wilmington Boosts SANY’s Reach

SANY America, the U.S. subsidiary of a leading global heavy equipment manufacturer, has launched operations at a near-port warehouse and distribution facility, two miles from the Port of Wilmington.The Industrial Realty Group facility provides SANY America with the capabilities and infrastructure, including cranes and internal, ... [+]

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