Sea

Project Cargo Rates, Demand to Rise in 2025

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 from container shipping and dry bulk and other freight dynamics, Drewry said Dec. 24. “The gap between the General Cargo Index and the Project Cargo ... [+]

Boxship Order Book Hits Record 8.3M TEUs, BIMCO

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 ... [+]

ILA, USMX to Resume Talks Jan. 7, Reports

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 ... [+]

Drewry’s Container Index up 8% in October

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, ... [+]

CII Honors Clifford, Pyron with Connie Awards

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 ... [+]

Trump Supports ILA in Automation Fight

President-elect Donald J. Trump expressed strong support for longshoremen and the International Longshoremen’s Association it its negotiations with terminal operators, following a two-hour meeting Dec. 12.Trump met with Harold J. Daggett, ILA president, and Dennis A. Daggett, ILA executive vice president at Trump’s Mar-A-Lago office ... [+]

Container Lines Unveil Transatlantic Loops

 Singapore-based carrier Ocean Network Express, or ONE, will join Ocean Alliance members CMA CGM, COSCO Shipping Lines, Oriental Overseas Container Line and Evergreen Line in three North Europe Transatlantic services, effective from February 2025.  “Combining our collective fleet deployment and market experience to provide a comprehensive ... [+]

Port of Long Beach Sees Busiest November

Buoyed by six straight months of historic volumes, the Port of Long Beach is on course to reach 9.6 million cargo containers by the end of 2024 without congestion or other disruption and exceeding the previous record set during the pandemic in 2021.The Port of ... [+]

CMA CGM Partners with Nike on e-Barge

The CMA CGM Group, the French shipping giant, said it is building a zero-emission inland waterway transport solution in Vietnam, featuring a battery-powered electric barge and a charging infrastructure powered by a new solar farm at the deep-sea terminal of Gemalink.The e-barge will transport goods ... [+]

ONE Postpones Premier Alliance Services

Ocean Network Express said it will postpone the start of its PS5 and PN4 transpacific services under the Premier Alliance until May 2025.Through May, ONE will modify service coverage with additional port calls on the PS4, PS6 and PN3, with the following rotations:• PS4 (Pacific ... [+]

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