Sea

KKR Launches Galaxy Container Solutions

Global investment firm KKR said it has launched Galaxy Container Solutions, a global marine container leasing and financing platform, in partnership with a team of industry veterans. Galaxy will be owned by KKR-managed credit funds and accounts, which are committing US$500 million to the company via KKR’s Asset-Based Finance (ABF) strategy. Galaxy’s suite of container leasing and financing solutions off global shipping companies enable flexible, capital-efficient access to the container fleets that ... [+]

Spot Rate Market Flat Through October, Xeneta

Average container market spot rates from the Far East to U.S. was flat on all five main front-hauls the week of Oct. 31, and remain so against levels seen in mid-October, said Xeneta, the freight rate benchmarking and market analytics platform. Compared to September, average Far ... [+]

‘Diplomacy at Its Best?’ Trump Dumps on Trade

The 19th edition of One World’s Market Sentiment Index (MSI) for the multipurpose and breakbulk Industryreflects a modest rise for the first time in 2025 to a level of 53.3, despite a maritime industry roiled by the chaos of the U.S. administration. Of the 27 carriers ... [+]

Cabotage Grows at Unprecedented Pace, AMP

The American Maritime Partnership said it has released a study by Seafarers’ Rights International (SRI) that finds cabotage laws exist on 85 percent of the world’s coastlines and are growing in number at an unprecedented pace. The Cabotage Laws of the World report, commissioned by the ... [+]

U-Freight Expands Pharma, Medical Logistics

Global freight forwarder and logistics provider U-Freight Group (UFL) said it strengthening its presence in the pharmaceutical and medical logistics sector through a deepened strategic partnership and a major new contract in China. A year after signing a strategic cooperation agreement with Shanghai Hongyu Supply Chain ... [+]

Port NOLA Registers LIT Project with Envision

The Port of New Orleans, or Port NOLA said its Louisiana International Terminal project became the first new project in the U.S. and Louisiana to register with the Envision Sustainable Infrastructure Framework project. Port NOLA said it registered LIT with the globally recognized framework to standardize ... [+]

Port of Long Beach September Cargo Dips 3.9%

The Port of Long Beach said softening consumer demand and rising prices driven by shifting trade policies led to a 3.9 percent decline in cargo containers in September. Dockworkers and terminal operators moved 797,537 twenty-foot equivalent units (TEUs) of cargo containers last month. Imports decreased 6.9 ... [+]

Holiday Spending Immune to Tariffs? NRF

U.S. consumers plan to spend US$890.49 per person on average this year on holiday gifts, food, decorations and other seasonal items, according to the National Retail Federation’s annual consumer survey conducted by Prosper Insights & Analytics. The amount is the second-highest in the survey’s 23-year history ... [+]

Port NOLA Studies LIT’s Environmental Impact

Port NOLA recently released the most recent environmental studies related to the Louisiana International Terminal (LIT), located in Violet, Louisiana. Currently, the project is undergoing the federal permitting process with the U.S. Army Corps of Engineers (USACE), with permits anticipated early next year. Once final permits ... [+]

IMO Committee Puts Net-Zero Framework on Hold

The International Maritime Organization (IMO) adjourned the extraordinary session of the Marine Environment Protection Committee (MEPC) on Oct. 17 to consider the adoption of draft amendments to MARPOL Annex VI, including the IMO Net-Zero Framework. The extraordinary session, which convened Oct. 14, will be reconvened in ... [+]

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