Sea
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. This marks the biggest month of the year for Port Houston in terms of containerized cargo volume.
Loaded imports rose by 19 percent in November, ...
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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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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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The International Longshoremen’s Association, or ILA, and U.S. Maritime Alliance, or USMX, will reportedly resume talks for a new master contract on Jan. 7, a little more than a week before a contract extension runs out on Jan. 15, according to a report by the ...
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Drewry, the maritime research and consultancy, said its World Container Index increased 3 percent to USUS$3,905 per 40-foot equivalent unit, or FEU, the week of Jan. 2.The latest Drewry WCI composite index is 62 percent below the previous pandemic peak of USUS$10,377 in September 2021, ...
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The Containerization & Intermodal Institute, or CII, honored Allen Clifford, executive vice president, MSC Mediterranean Shipping Co. (USA) Inc. with the 2024 Connie Award in front of nearly 600 transportation industry experts gathered on Dec 9 in Newark, NJ.Additionally, Clifford Pyron, advisor at Georgia Ports ...
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