Business
A.P. Moller - Maersk (Maersk) delivers record earnings for 2021, which was an exceptional year with focus on mitigating supply chain risks for customers while strengthening the integrated logistics offering. In 2021, revenue was up 55% to $61.8 billion, EBITDA tripled to $24 billion and free cash flow was $16.5 billion, allowing the company to make strategic long-term investments into decarbonization and logistics growth, combined with strong cash distribution to ...
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The South Jersey Port Corporation closed out 2021 with an all-time record-breaking cargo volume of 4,636,097 tons, a 54% increase over 2020, breaking the previous record by 6%."That's the best in the history of the South Jersey Ports and we're expecting 2022 to be a ...
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DP World Limited handled 77.9 million TEUs across its global portfolio of container terminals in full year 2021, with gross container volumes increasing by 9.4% year-on-year on a reported basis and up 8.9% on a like-for-like basis.On a 4Q2021 basis, DP World handled 19.6 million ...
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Cargo growth bolsters port’s impact on economy
The Port of Savannah handled a record 479,700 TEUs of cargo in January, an increase of 4% over the same month a year ago, a month in which cargo volumes had expanded by 22%. The Port of Savannah has ...
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Representation is one of the core functions of the Virginia Maritime Association and on February 11, 2022, members of the VMA visited Virginia’s General Assembly to represent the best interests of Virginia’s ports and supply chains.“We started VMA Port Day several years ago so legislators ...
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DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has signed an agreement with Air France KLM Martinair Cargo (AFKLMP) for the purchase of 33 million liters of sustainable aviation fuel (SAF). The three-year cooperation represents one of the most ...
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The Port of Savannah handled a record 479,700 TEUs of cargo in January, an increase of 4% over the same month a year ago, a month in which cargo volumes had expanded by 22%. The Port of Savannah has now set monthly records for the ...
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The American Apparel & Footwear Association welcomed the passage of the America COMPETES Act on February 4, emphasizing the positive impact it will have on protecting consumers from dangerous counterfeits, addressing the worsening shipping crisis, and providing critical tariff savings at a time of rising ...
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Galveston is rising in the rankings as a top-50 U.S. cargo port. Almost 12 million tons of cargo moved through the deep-water harbor in 2020, placing it 46th among the busiest U.S. ports and waterways.According to the U.S. Army Corps of Engineers, a 9% increase ...
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State of Port recap: federal/state funding fuels opportunities for investment.
National attention focused on the supply chain, infrastructure investment and jobs, it is time for the Port of Oakland to invest in a renewed, smart and zero-emissions port. That was Executive Director Danny Wan’s message ...
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