SeaPort Manatee, one of Florida’s largest deepwater seaports, has been awarded a federal grant of nearly US$12 million to advance a 67,000m² expansion of container yard facilities at Florida Gulf Coast trade gateway. The upgraded infrastructure of SeaPort Manatee is one of 26 projects for which a total of US$1.5 billion in Infrastructure for Rebuilding America (INFRA) grant funding was…
Yang Ming Marine Transport chairman Cheng Cheng-mount has asserted that the ongoing correction in container freight rates is just a blip and the market should not be worried that the segment could return to its pre-pandemic struggles. At an investment seminar organised by Taiwan Stock Exchange on 12 September, Cheng said that China’s Covid-19-related lockdowns had caused the decline in…
Descartes: August imports kept pace with July, down 1.8% y/y on tougher comps. Containerized goods are still flooding into the U.S. at a near-record pace. Port throughput in August came in just under all-time highs. The pileup of waiting ships off East and Gulf Coast ports remains almost as bad as ever. U.S imports totaled 2,529,042 twenty-foot equivalent units in…
Shanghai Port Northeast Asia Empty Container Transportation Center has officially started operations at the port of Shanghai, the busiest container port in the world. The new container facility covers an area of 450,000m² and has an annual handling box capacity of 3 million TEU. “The new center will help us to apply digitalised and intelligent management to promote communications between…
The nation’s top port for containers is out with some big numbers again today. The Port of Los Angeles reported preliminary July figures showing an estimated 935,345 TEU crossed its docks last month, outpacing the previous record set in 2019 by 2.5%. The Port of Los Angeles has now set monthly records in five of seven months in 2022. Compared…
Congestion on the US West Coast led to a sharp increase in both demand and capacity on the Asia-US East Coast routes. Quoting Sea-Intelligence data, Xeneta said that in the three months to July 24, capacity between Asia and the US East Coast was up 18.9% on-year to an average of 210,000 teu. “Compared to the average weekly capacity in…
June container volume at Port Houston totaled 323,823 TEU, an 11% increase compared to the same month last year, marking the largest June in its history for containers. This is the fifth month this year with a double-digit increase over 2021, a record year for Port Houston’s container volume. Year-to-date, Port Houston has handled two million TEU, specifically 1,897,065 TEU,…
Orient Overseas Container Line (OOCL) has decided to switch to Electronic Bills of Lading (eBL) in order to enhance the efficiency of the global supply chain, reduce its carbon footprint, and improve customer experience. OOCL’s eBL solution is powered by digital solutions provider IQAX Limited, and built on Global Shipping Business Network’s (GSBN) blockchain platform. OOCL said that by leveraging…
Singapore’s largest containerline Pacific International Lines (PIL) has joined the Washington-based liner lobby group, the World Shipping Council (WSC). As part of the move, PIL’s chief executive, Lars Kastrup, who also previously held leading positions at APL, CMA CGM and AP Moller-Maersk, will join the WSC board. “PIL is pleased to become a member of the World Shipping Council and…
Mediterranean Shipping Co (MSC) is involved in plans to develop Vietnam’s largest box port complex. Terminal Investment Limited (TIL), MSC’s port subsidiary, has tied up with Vietnam National Shipping Lines and Saigon Port, to press ahead with a massive transhipment hub in Can Gio, to the south of Ho Chi Minh City. The port proposal has been sent to Pham…
