Freight News
Fleet expansion remains a concern for the container shipping market in 2025 and beyond, said BIMCO, in its latest Container Shipping Market Overview and Outlook.
The international shipping association, which represents 62 percent of the world’s tonnage, saw the supply/demand balance tighten in 2024, as 90 percent of the capacity that normally transits the Suez Canal has instead been sailing around the Cape of Good Hope, adding 10 percent to ...
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Port Houston closed 2024 as one of its most successful years to date, handling 3.8 million 20-foot equivalent units, or TEUs, through November, a 9 percent increase over the same period last year.
November volumes alone reached 369,361 TEUs, a 24 percent increase year-over-year. ...
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The Port of Houston Authority Commission highlighted 2024 results at its Dec. 10 meeting, including an update of the ship channel expansion, known as Project 11.
Segment 1B of the project saw dredging recently completed and final reviews of the work underway by the ...
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The New York-New Jersey Foreign Freight Forwarders and Brokers Association Inc., or NYNJFFFBA, has named Bethann Rooney, port director of the Port Authority of New York and New Jersey, as its 2025 Person of the Year.Rooney will be feted at the association’s 107th Annual Dinner ...
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The International Longshoremen’s Association, or ILA, and U.S. Maritime Alliance, or USMX, on Jan. 8 reached tentative agreement on all items for a new six-year master contract.Details of the new tentative agreement will not be released to allow ILA rank-and-file-members and USMX members to review ...
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Global logistics services provider GEODIS has appointed Marc Vollet as executive vice president of the European Road Network Line of Business.Vollet will be a member of the management board, which is chaired by CEO Marie-Christine Lombard.Vollet has 30 years’ experience in managing operations and leading ...
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The dry bulk market is poised for an upside in earnings as global and regional environmental regulations will reshape vessel supply, according to Drewry’s quarterly Dry Bulk Forecaster.The higher earnings are coupled with higher fragmentation in the freight market as vessel movement will continue to ...
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The uptrend in project cargo rates is likely to persist in 2025 due to limited vessel supply and high demand, according to Drewry’s Breakbulk Sea Transport Indices. Meanwhile, general cargo rates are likely to increase more moderately, influenced by regional trade patterns and increased competition ...
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The global container ship order book reached a record 8.3 million 20-foot equivalent units, or TEUs, compared with the previous high of 7.8 million TEUs in early 2023, said Niels Rasmussen, chief shipping analyst at BIMCO.As 4.4 million TEUs were contracted during 2024 – the ...
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Biden Blocks US Steel-Nippon Steel Deal
President Joe Biden has stepped in to block the US$14.9 billion takeover of U.S. Steel by Nippon Steel of Japan, claiming the proposed sale posed a potential national security threat.Merely days before leaving the White House, Biden issued an executive ...
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