East and Gulf coast ports offer significant rail-related cost advantages to the interior, leading the Pacific Maritime Association to urge West Coast ports to operate more efficiently in order to prevent further erosion of market share of US imports from Asia.
Houston’s need for additional space comes as it hopes to begin funding a multi-year channel widening project by next year amid a building boom for container ship capacity along the US Gulf Coast.
DP World and the Maritime Union of Australia (MUA) say they expect to finalize an employment agreement covering the terminal operator's Port Botany facility in Sydney next week.
The Jacksonville Port Authority (Jaxport) has secured the final piece of the funding pie needed to deepen the port’s main harbor to 47 feet to Blount Island, a critical step toward handling more post-Panamax vessels in the trans-Pacific trade.
If Zim Integrated Shipping Services pursues an initial public offering, it would be the carrier’s fourth attempt since 2008. Weak financial performance and challenging industry conditions scuppered past attempts.
Forwarders, shippers and software providers connected to CMA CGM’s systems continued on Tuesday to sort through the effects of a malware attack on the Marseille-based container line.
Network outages have become a highly sensitive topic for the container shipping supply chain since the crippling notPetya cyber attack on Maersk in June 2017.
Having exhausted the space allotments in their annual contracts, retailers and other importers are signing short-term contracts to secure capacity at Asian load ports. This is pushing short-term contract rates higher.