Port News

After holding rates firm at end-November levels into the first week of December, major container lines have pushed short-term contract pricing substantially higher for Indian bookings in the last few days.

Acquiring a terminal stake at Ennore in southern India builds on MSC’s existing 50/50 terminal joint venture with Adani at Mundra Port.

Expectations that the US Navy will step up maritime protection in the Red Sea following an increasing number of attacks on commercial shipping hasn’t stopped carriers from routing services away from the Suez Canal.

A slower than anticipated shift of cargo back to the West Coast since ratification of the coastwide labor contract could accelerate in the coming months due to restrictions at the Panama Canal and this week’s hostilities involving container ships in the Red Sea, which could affect Suez routings.

Retailers and e-commerce merchants leased 3.7 million square feet of warehousing and distribution space near the Port of Jacksonville in the third quarter, a record for Jacksonville’s industrial market.

A strong Black Friday and Cyber Monday, coupled with rosy sales expectations, are spurring US retailers to boost their import forecasts for early 2024, according to the National Retail Federation.

Attacks have intensified since the end of last month when Iran-backed Houthi rebels began indiscriminately targeting ships sailing in the Red Sea near Yemen, leading some operators to avoid sailing in the area.

The Water Resources Development Act, which provides funding for deepening and widening projects at US ports, has no set timeline to be implemented and stakeholders worry the delay will hinder critical work.

Next year’s schedule will see two services that were suspended in 2023 remain offline, but two Asia-US services will be restored and new port calls added overall.

Truckers say implementing the measure would push average truck turn times in Los Angeles and Long Beach, already among the highest in the US, even higher.

The facility sets up the Port of Wilmington to become a key point of entry for importers of refrigerated blueberries, grapes, apples, pears, citrus and a broad variety of organics.

Container shipping is hardly the only industry to feel the impact of organized labor’s bargaining power, nor is it unique in dealing with heightened geopolitical flashpoints or regulatory pressures tied to decarbonization, writes Journal of Commerce Executive Editor Mark Szakonyi.

It’s looking like 2024 will follow a familiar script for container shipping, with ocean carriers facing down market challenges by taking action that typically disadvantages their customers, writes Peter Tirschwell.

Despite Indian exports picking up, there is skepticism about a rosier 2024 in the wake of multiple potentially disruptive events unfolding in the container shipping industry, including Panama Canal restrictions and recent attacks on commercial shipping in the Red Sea.

Although the project site is currently unused, it was pressed into service as a storage yard for empty containers during the pandemic, with as many as 7,000 boxes stored there when it was at full capacity in August 2022.

The union chief representing Montreal dockworkers said the big issue of wages has yet to be hashed out less than a month before the deadline for a possible strike at Canada’s second-busiest port.

With shippers already having a say in regulation and policy, two House members are urging maritime regulators to give marine terminal operators and public port authorities a seat at the table.

The Blue Ridge Connector will have 18,000 feet of working track and an annual lift capacity of up to 200,000 containers while providing shippers with an all-rail service from Savannah.

The long-time Vancouver Fraser Port Authority executive has helped to lead the port’s gateway infrastructure program to develop road and rail projects designed to facilitate cargo movement.

Shippers who have built East and Gulf coast routings into their supply chains are taking no chances, raising the need for contingency plans in discussions with carriers and NVOs ahead of 2024 contract renewals.

The spending program will target the company’s logistics and services arm with a “substantial amount of investment” earmarked for its ocean and terminals infrastructure in the region.

Liner operators in THE Alliance will switch transits on three services as low water levels on the Panama Canal reduce the number of ships that can use the main artery for container trade between the US East Coast and Asia.

While container volumes have largely returned to normal historical levels, ocean carriers still have not been able to restore performance to pre-pandemic levels.

The Class I railroad sees an opportunity to tap growth at the Gulf Coast’s busiest port with new intermodal lanes, while expanding its inland reach from Los Angeles and Long Beach.

The move complements a flurry of Asia-India service additions by niche regional carriers and newer feeder operators in recent months.

The intra-Asian region is expected to be a hotbed of mergers and acquisitions in container shipping because that is where the growth in container demand is centered, writes analyst Lars Jensen.

Given the persistent downward pressure on demand, it remains to be seen if India-US carriers will be able to push through a new round of modest rate hikes planned for December.

The carrier is looking to expand beyond its two current services jointly offered with other liners with a standalone service meant to take advantage of the growing shift in sourcing from India.

The project, in coordination with the Vancouver Fraser Port Authority, is due to be completed in late 2024 and will help move cargo faster through Western Canada.

The Norfolk expansion plans from resin logistics specialist Katoen Natie come as more plastics production is going onstream in the Northeast US.

With peak season at hand for ag exports, shippers say weak US import volumes have constrained the supply of repositioned containers they need to send goods overseas, risking disruption to their supply chains.

The four-phase, seven-building project with CSX rail connections will support the growing needs of importers and exporters using the port.

Still, the latest Indian trade data presents some hopeful signs for supply chain stakeholders, as the country's merchandise exports grew 6.3% by value year over year in October, the fastest rate of expansion in a year.

While October is typically one of the busiest months of the year for West Coast ports, the region’s market share of imports from Asia slipped markedly from September, but carrier executives said that was an anomaly linked to capacity cuts in the eastbound trans-Pacific.

The bill is a response to growing CBP demands that ports pay for new inspection-related equipment, or risk having the agency reduce the amount of time its officers spend performing inspections.

There was significant improvement in Hamburg’s operational indicators through the third quarter, especially those covering trade with China, its biggest source of imports.

The long-standing spread, typically about $1,000, is now half that as volume growth returns to West Coast ports and shippers increasingly tap into Southeast Asia manufacturing.

GPA's ability to handle growing volumes has attracted the likes of Rivian and Hyundai, both planting roots in Georgia to export vehicles from new facilities through Brunswick.

The International Maritime Organization voted in May 2022 to implement the so-called Maritime Single Window from the start of 2024 in a bid to accelerate digitalization in shipping.

The direct service that kicks off at the end of the month will add further options to transport apparel, textiles, poultry, pork and agricultural products between Central America and the US East Coast.