Business
Cargo volumes to and from ports in the Gulf of Aden and Red Sea during the first seven months of 2024 declined 21 percent compared to the year-earlier period, according to BIMCO the international association for shipowners.“The number of ships arriving in these ports significantly declined as merchant shipping increasingly avoided transiting through the region due to concerns over attacks on ships by the Houthis,” said Niels Rasmussen, chief shipping ...
[+]
After three years as a joint venture, the Jumbo-SAL-Alliance said Feb. 28 it is bringing American multipurpose and liner operator Intermarine into the group, which is renamed JSI Alliance.Dutch maritime heavy-lift transport and engineering contractor Jumbo Shipping and German breakbulk and project cargo specialist SAL ...
[+]
The U.S. Federal Maritime Commission on Feb. 23 established new requirements for how common carriers and marine terminal operators (MTOs) must bill for demurrage and detention charges, providing clarity on who can be billed, within what timeframe, and the process for disputing bills.The Ocean Shipping ...
[+]
CMA CGM on Feb. 29 said the French shipping and logistics company has completed the purchase of The Bolloré Group for 4.85 billion euros, based on estimated debt and cash on the completion date.Bolloré Logistics, the transport and logistics business unit of Bolloré Transport & ...
[+]
French-based CMA CGM Group said 2023 was a year of transition and normalization in the transport and logistics industry, and the company is positioning itself to weather an “uncertain 2024.”After “extraordinary years” in 2021 and 2022, CMA CGM said 2023 was marked by major inventory ...
[+]
Danish container line giant A.P. Moller – Maersk reported solid financial results for 2023, in line with the company’s financial guidance.Though volumes were up across most products and cost controlled efforts helped improve results, rates continued to erode, particularly in ocean. The company reported EBITDA ...
[+]
Elmont, New York-based Wen-Parker Logistics have announced a partnership with 4ocean.Founded in 2017, 4ocean was created with the mission to sell a product that would enable the company to fund a worldwide cleanup initiative.From this, their first product, the 4ocean bracelet, was born. Crafted using ...
[+]
The Port of South Louisiana said Life for Tyres Group Ltd. will invest US$46 million to establish its first U.S. processing facility on 10 acres of port property in the port’s Globalplex.The recycling and manufacturing plant, L4T Louisiana LLC, will convert end-of-life tires into high-quality ...
[+]
The Port of Corpus Christi set a new high mark for annual tonnage, topping more than 200 million tons of goods through the Corpus Christi Ship Channel for the first time in its history.The 203 million tons moved in 2023 was an 8.1 percent increase ...
[+]
Eight months after the Brownsville Navigation District Board of Commissioners, or BND, broke ground on the Port of Brownsville’s business park, prospective businesses are lining up to negotiate lease agreements with the port.At a regular board meeting Feb. 7, the board unanimously approved leasing rates ...
[+]
« Back
More »
