Business
Drewry’s May Port Equity Index improved 8.6 percent in the first quarter 2024, ended May 8, compared to a 1.3 percent decline recorded by the S&P 500.This increase was largely due to a 12.1 percent surge in stock prices of global terminal operators, or GTOs, and a 3 percent increase recorded by regional terminal operators, or RTOs.Consequently, the year-to-date return of the Drewry Port Equity Index rose 14.1 percent, outperforming ...
[+]
The Port of Brownsville has secured the first tenant, Westa Inc., at the port’s new 118-acre business park.Westa Inc., a major player in the agricultural industry, will invest US$20 million to establish an advanced wheat flour mill and wheat storage silos at the Port of ...
[+]
Container ship deliveries are continuing their blistering pace into 2024, BIMCO said, as deliveries have already topped 1 million TEUs of container ship capacity in the first four months of the year.The pace is an 80 percent increase over the same period in 2023, when ...
[+]
Stevedoring, marine services and logistics provider Associated Terminals’ management group has purchased S.H. Bell Co. and its subsidiaries.S.H. Bell, founded in 1933, will continue to operate independently in its existing trade and under its name, and the management team will remain in place to manage ...
[+]
The World Shipping Council is calling on the European Union to design policy frameworks that facilitate the essential role of shipping in a globally connected economy and to forge the path to net-zero shipping by 2050 in partnership with industry.WSC, whose members account for 90 ...
[+]
The Northwest Seaport Alliance is implementing a comprehensive cargo and service incentive program aimed at bolstering international container rail cargo volumes and improving service delivery in the Seattle and Tacoma harbors.NWSA’s managing members are committing US$11 million in incentives, designed in response to market demand ...
[+]
Shipping line Hapag-Lloyd said it has launched Live Position, its first dry container tracking product to provide full transparency on the location of their shipments – from the start of transportation until the arrival at the destination.As the first container shipping line to introduce a ...
[+]
The owners of the Dali, the 9,971-TEU containership that lost power struck the Francis Scott Key Bridge in Baltimore harbor, have declared “general average,” according to a spokesperson for vessel owner Grace Ocean Private Ltd.General average is a principle in maritime law in which all ...
[+]
The Galveston Wharves Board of Trustees on April 23 approved a US$29.9 million construction contract to begin the first phase of an estimated US$90 million in cargo infrastructure expansion and improvement work at Galveston’s West Port Cargo Complex. Texas Gulf Construction Co. Inc. is expected ...
[+]
More than half of supply chain and logistics leaders are focused on automating non-value-added and repetitive tasked with technology to improve worker productivity in the face of workforce shortages, according to a study released April 15 from Descartes Systems Group.The study, What Are Companies Doing ...
[+]
« Back
More »
