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MSC has made a global decision to temporarily stop taking bookings to/from Russia as of 1 March 2022 amid the impact of the ongoing conflict in Ukraine.
The declarations of government sanctions have prompted a lengthy and complicated compliance review of consignees and suppliers. They have also triggered reactions by other parties which have impeded our ability to reliably serve ports and inland destinations in Russia. For example, the increased customs inspections at European ports ...
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Drewry’s composite World Container Index decreased by 2.1% to $9,279.46 per 40ft container this week.Drewry Supply Chain Advisors provide the following assessment for Thursday, 3 March 2022• The composite index decreased by 2.1% this week, but, remains 81% higher than a year ago.
• The average ...
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The Alabama Port Authority released its January 2022 container volumes posting the 3rd highest lift rate in the container terminal’s history with 47,768 TEUs – a 17.5% increase year over year when compared to January 2021. Refrigerated containers also posted a 21.5% jump compared to January ...
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The American Association of Port Authorities (AAPA) has endorsed the Klobuchar-Thune bill (U.S. Senate) on Ocean Shipping (S.3580) by a vote of the industry’s legislative policy council.
The Klobuchar-Thune bill would increase Federal Maritime Commission's (FMC) enforcement of ocean shipping while preserving ‘fluidity charges’ that prompt ...
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A.P. Moller – Maersk announced in February its intention to acquire Glen Mills, PA-based Pilot Freight Services (Pilot), a first, middle and last mile as well as border crossing solutions provider that specializes in the big and bulky freight segment in North America for B2C ...
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A.P. Moller - Maersk (Maersk) delivers record earnings for 2021, which was an exceptional year with focus on mitigating supply chain risks for customers while strengthening the integrated logistics offering. In 2021, revenue was up 55% to $61.8 billion, EBITDA tripled to $24 billion and ...
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The South Jersey Port Corporation closed out 2021 with an all-time record-breaking cargo volume of 4,636,097 tons, a 54% increase over 2020, breaking the previous record by 6%."That's the best in the history of the South Jersey Ports and we're expecting 2022 to be a ...
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The JAXPORT Board of Directors have unanimously approved a 20-year, $60 million agreement between Ceres Terminals and JAXPORT for the lease and modernization of the TraPac Jacksonville container terminal in Jacksonville, Florida.In a separate transaction, Ceres will purchase the terminal’s previous leaseholder, terminal operator TraPac ...
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CMA CGM has launched its SMART reefer container, which makes it possible for shippers to track the position and status of their refrigerated goods and ensure they travel in optimal conditions. Supply chain management is facilitated through an intuitive online interface that is updated in ...
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DP World Limited handled 77.9 million TEUs across its global portfolio of container terminals in full year 2021, with gross container volumes increasing by 9.4% year-on-year on a reported basis and up 8.9% on a like-for-like basis.On a 4Q2021 basis, DP World handled 19.6 million ...
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