Business

First Plywood Cargo to Arrive at the Port of Wilmington

GT USA Wilmington (GTW), the US arm of Gulftainer, a privately owned independent port operator headquartered in the UAE, recently received its very first plywood vessel at the Port of Wilmington.CMPC, a multinational corporation, produces and markets wood, pulp, packaging products, household and non-household sanitary protection products, and tissue paper. Its products are renowned for their quality and competitiveness and for being manufactured from entirely renewable sources.The vessel transporting this ... [+]

Port Houston Works Through Supply Chain Crunch

Houston Executive Director Roger Guenther says that Houston is not immune to the challenges that ports across the nation are experiencing, as retailers rebuild their inventory to meet high demand. He noted that Houston docks are full, and the average ship waits about 60 hours ... [+]

Rate increase for shipments from Mexico to USA and Puerto Rico

Due to current market conditions, effective December 16th, 2021, a General Rate Increase (GRI) will apply for cargo Ex GUAYMAS and MAZATLAN in Mexico to all USA ports and Puerto Rico.General Rate Increase will be applied as follow:· 20’ $500/ 40’s $1000 per containerAbove GRI ... [+]

Atlas Air teams with Cainiao

Atlas Air Worldwide Holdings, Inc. announced its Atlas Air, Inc. subsidiary has expanded its partnership with Cainiao Network, the logistics arm of Alibaba Group, to enhance overall shipping efficiency in response to the growth of cross-border trade between China and Latin America. With the launch ... [+]

SC Ports has record October

South Carolina Ports had a record October for containers handled, marking the eighth consecutive month of record volumes at the Port of Charleston.SC Ports moved 234,923 TEUs at Wando Welch Terminal, North Charleston Terminal and Hugh K. Leatherman Terminal in October, a 9% increase year-over-year. ... [+]

A.P. Moller – Maersk presents a record Q3

A.P. Moller - Maersk delivered record earnings in Q3, 2021. Revenue grew 68% to $16.6 billion in Q3, EBIT was up almost five times to $ 5.9 billion and EBITDA tripled to $6.9 billion. Return on invested capital (ROIC) increased to 34.5% for the past ... [+]

Panama Canal reports record tonnage in FY21

The Panama Canal began its Fiscal Year 2022 (FY22) at the start of October, marking the end to a year of record-breaking traffic at the waterway and global supply chain disruptions worldwide.The Panama Canal saw record tonnage in 2021 fiscal year (FY21). Between October 2020 ... [+]

Air Canada Cargo Reports Third Quarter 2021 Results

Air Canada Cargo i reported record-breaking results for the third quarter of 2021.As the markets continue to show robustness, Air Canada Cargo remains committed to maintaining consistent cargo capacity to its customers on key trade lanes. Air Canada Cargo’s third quarter results of $366 million ... [+]

Port Saint John Experiencing Strong Cargo Traffic in 2021

Overall cargo tonnage at Port Saint John in the first three quarters of 2021 is 19% higher than over the same period in 2020. The first three quarters of 2020 saw 18.6 million tonnes of cargo, with 2021 experiencing 22.2 million tonnes by the end ... [+]

CMA CGM to acquire one of the largest port terminals in the United States

The CMA CGM Group has signed an agreement to acquire 90% stake in the Fenix Marine Services (FMS) terminal in Los Angeles, currently held by EQT Infrastructure III, based on an enterprise value of USD 2.3 billion. Currently holding a 10% stake in the ... [+]

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