Sea

Drewry’s World Container Index Rises 3%

Drewry, the maritime research and consultancy, said its World Container Index rose 3 percent to USUS$2,265 per 40-foot equivalent unit, or FEU, the week of April 10. The latest Drewry WCI composite index is 78 percent below the previous pandemic peak of USUS$10,377 in September 2021 but was 59 percent higher than the average 2019 (pre-pandemic) rate of USUS$1,420. The average composite index for the year-to-date is USUS$2,944 per FEU, which is ... [+]

Brownsville Updates Drive Economic Growth

The Port of Brownsville is advancing on more than US$300 million in projects at the port, including creating U.S. operation for Mexican trade. Food manufacturer Westa Inc., the first tenant of the Port of Brownsville’s 118-acre business park, is finalizing the layout for its US$20 million ... [+]

Best Practices Compiled for Maritime Security

Six industry associations, supported by more than 40 maritime stakeholders, have released a consolidated and enhanced publication: Best Management Practices (BMP) for Maritime Security (MS). The industry organizations are BIMCO;  International Chamber of Shipping, or ICS; International Marine Contractors Association or IMCA; the International Association of ... [+]

Drewry’s World Container Index Falls 4%

Drewry, the maritime research and consultancy, said its World Container Index decreased 4 percent to USUS$2,168 per 40-foot equivalent unit, or FEU, the week of March 25. The latest Drewry WCI composite index is 79 percent below the previous pandemic peak of USUS$10,377 in September 2021 ... [+]

Galveston Wharves Provides Projects Update

Galveston Wharves staff and construction contractors have provided updates on five projects totaling US$77.5 million to expand and improve our West Port Cargo Complex. Funding for the projects comes from a US$36 million state grant and port cash reserves, largely generated from our growing cruise business.  Here’s ... [+]

Massport Handles 16,000-TEU MSC Verona

MSC Verona, an LNG-powered 16,000 twenty-foot equivalent-unit, or TEU, container ship, on March 24 became the largest cargo ship to ever visit the Port of Boston’s Conely Container Terminal. MSC Verona is 1,200 feet long – the length of four football fields – and 167 feet ... [+]

Ports Seek to Optimize Lower Mississippi River

The World Trade Center New Orleans, or WTCNO hopes to utilize comprehensive analysis to optimize global commodity flows and maximize the economic benefits of the Lower Mississippi River region. The Lower Mississippi River Commodity Analysis represents a collaborative effort between Louisiana’s five-deep draft ports along the ... [+]

APM Extends Elizabeth Terminal Lease 33 Years

The Port Authority of New York and New Jersey, or PANYNJ, on March 27 approved a lease extension for A.P. Moller – Maersk’s APM Terminals Elizabeth lease through December 2062, Maersk reported. Originally set to expire in 2029, the 33-year lease extension marks a significant milestone ... [+]

APM Terminals Acquires Panama Canal Railway

APM Terminals has acquired the Panama Canal Railway Co., or PCRC, from Canadian Pacific Kansas City Ltd and the Lanco Group/Mi‑Jack. PCRC operates a 47-mile, single-line railway adjacent to the Panama Canal that mainly facilitates cargo movement between the Atlantic and Pacific oceans. In 2024, the ... [+]

Supply Chain Security: More Critical Than Ever

Fast-moving changes in supply chains across the world are more complex and unexpected than ever says international freight and cargo handling insurer. A recent bulletin from TT Club, mutual insurance and related risk management services to the international transport and logistics industry, focuses on drug smuggling ... [+]

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