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CONTAINER DWELL FEE PUT ON HOLD THROUGH AUGUST 26

San Pedro Bay Ports Continue to Monitor Cargo Flow The San Pedro Bay ports of Los Angeles and Long Beach will postpone consideration of the “Container Dwell Fee” for four weeks, until Aug. 26. Since the program was announced on Oct. 25, the two ports have seen a combined decline of 26% in aging cargo on the docks. The executive directors of both ports will reassess fee implementation after monitoring data over the ... [+]

GPA off to accelerated start in new fiscal year

The Georgia Ports Authority kicked off its new fiscal year with the fastest start ever, handling 530,800 TEUs in July, an increase of 18%.Since January, GPA has moved 3.4 million TEUs, up 231,400 or 7% over its performance during the same period in 2021 – ... [+]

JAXPORT completes $100 million in berth improvements

The newly-deepened 47-foot harbor in Jacksonville, Florida is providing large vessels - and shippers' freight - greater access to the U.S. Southeast market and nearly 100 million American consumers.With a deeper harbor, two-way vessel traffic and open berthing windows seven days a week, ships remain ... [+]

Largest container ship in the world delivered to ABS Class

The EVER ALOT, the largest container ship in the world, with just over 24,000 teu capacity, has been delivered to ABS class.The vessel is the latest in a series of five being built by Hudong-Zhonghua Shipbuilding in China to ABS class. The 400-meter megamax-24 type ... [+]

Port of Corpus Christi and Watco’s Texas Coastal Celebrate Unveiling

Watco’s newest short line, the Texas Coastal Bend Railroad (TCBR), unveiled two locomotives emblazoned with the Port of Corpus Christi logo at a ribbon-cutting ceremony today.The locomotives are part of Watco’s five locomotive investment that will serve multiple customers at the Port of Corpus Christi. ... [+]

GT USA Wilmington welcomes the Everest Bay

GT USA Wilmington (GTW) has recently received its first ever shipment of summer fruit into the Port of Wilmington, Delaware from the West Coast of South America. The citrus fruits were delivered from Valparaiso, Chile to the Port by Capt. D. A. Dela Rosa, the ... [+]

Reopening of Black Sea a welcome relief

With news of the UN’s late July deal to reopen the Black Sea, allowing ocean grain shipments to resume from Ukraine, leading real-time supply chain visibility platform FourKites® released new data showing that agile shippers are finding ways of managing the volatile situation.Following the grain ... [+]

DP World volume up 3.5% in Q2 2022

DP World Ltd handled 20.2 million TEU across its global portfolio of container terminals in Q2 2022. Gross container volumes increased by 2.9% year-on-year on a reported basis and 3.5 % on a like-for-like basis.Volume growth in Q2 2022 was driven by terminals in Asia ... [+]

Drewry Maritime Financial Insight – July 2022

Drewry container equity index slumped 25.9% YTD 2022, as of July 15, 2022, after recording a significant valuation gain of 79% and 133.7% in 2020 and 2021 respectively. Liner stocks started 2022 on a positive note but the global polycrisis originating from the decade-high inflation, ... [+]

First shipment of lemons from Argentina enter US through Port of Philadelphia

There’s so many uses for fresh lemons, especially in the dog days of summer. That’s why nothing could be more refreshing than the arrival of more than 3,500 tons of fresh lemons from Argentina at the Port of Philadelphia on July 22.The M/V Baltic Erica ... [+]