Ocean logistics giant A.P. Moller - Maersk named the first vessel in a series of 17,480 TEU vessels equipped with dual-fuel methanol propulsion, at a ceremony June 18 at Hyundai Heavy Industries’ (HHI) yard in Ulsan, South Korea.
The Berlin Mærsk, is the 14th dual-fuel newbuild entering the Maersk fleet, and it will be followed by an additional five sister vessels in this new class of container ships.
“With the launch of the ...
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Trade moving through the Port of Long Beach declined 8.2 percent in May due to tariffs and retaliatory tariffs, but a temporary pause on those fees will likely trigger a cargo surge by late June.
Dockworkers and terminal operators processed 639,160 twenty-foot equivalent units, or TEUs in May, down 8.2 percent ...
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The Port of Los Angeles blamed the impacts of tariffs on imports and exports, as its May volume fell 5 percent to 716,619 twenty-foot equivalent units, or TEUs, and ending 10 straight months of year-over-year growth in overall cargo volume.
“May marked our lowest monthly cargo output in over two years,” ...
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U.S. Census Bureau data released June 17 showed continued growth in core retail sales – which exclude autos, gas and restaurants – in May despite a downturn in overall sales amid on-again, off-again tariffs on imported merchandise, said National Retail Federation Chief Economist Jack Kleinhen.
“Despite a soft labor market, aggregate ...
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The New Orleans Public Belt Railroad, or NOPB, said it has strengthened its partnership with Freedom International Tank Services, a full-service, logistics provider headquartered in New Orleans.
Freedom Intermodal’s recent launch of its railcar cleaning services, as well as an expansion of transloading capacity and railcar storage, improves efficiency and reliability ...
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The U.S. Department of Transportation has proposed slashing or amending about two dozen federal trucking regulations — major and minor — that the agency said were outdated or punishing truckers.
“My department is slashing duplicative and outdated regulations that are unnecessarily burdensome, waste taxpayer dollars, and fail to ensure safety,” Transportation ...
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Global economic prospects are weakening, with substantial barriers to trade, tighter financial conditions, diminishing confidence and heightened policy uncertainty projected to have adverse impacts on growth, according to the Organization for Economic Cooperation and Development’s (OECD) latest Economic Outlook (https://tinyurl.com/mr3m6fbh).
Global growth has slowed from 3.3 percent in 2024 to 2.9 ...
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Benefitting from a major U.S. policy change, Port Milwaukee held an event June 16 to spotlight the vital role the Great Lakes maritime industry plays in regional economic development, international trade, and community prosperity.
On April 17, the U.S. Trade Representative’s final determination exempts Great Lakes vessels from the US$1.5 million ...
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Americold Realty Trust, a provider of temperature-controlled logistics, real estate and value-added services, said May 29 it has begun work on its first import-export hub to be built in Port Saint John, New Brunswick, Canada.
The new cold storage facility, slated to open in 2026, will be the sixth operated by ...
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Atlas Air Worldwide Holdings released its sixth Sustainability Report 2024 May 22, highlighting the initiatives and programs that are helping move the company forward on its green journey.
The progress described in the report is aligned with four key pillars in Atlas’ sustainability strategy: ‘Preserve Our Planet,’ ‘Care for Our People,’ ...
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