Port of Los Angeles ready for bountiful container volumes
“The table is set to scale up as demand increases,” said Port of LA Executive Director Gene Seroka.
Port of Long Beach CEO: ‘Consumer confidence is on the rise’
“We look forward to a moderate rebound in cargo volume through the end of the year,” said Port of Long Beach CEO Mario Cordero.
Yang Ming blames economic uncertainty for $4M Q2 loss
Looking ahead, Taiwanese ocean carrier Yang Ming said that “the overall momentum for economic recovery over the next two years still appears relatively weak.”
HMM hit by ‘intensified’ imbalance between supply and demand
Ocean carrier HMM attributed much of its first-half net-profit nosedive of 90% to overcapacity in the container shipping industry.
‘Very noticeable impact’ from down market $6B whammy to Hapag-Lloyd’s profits
“Weaker demand and lower freight rates are having a very noticeable impact on our earnings,” said Hapag-Lloyd CEO Rolf Habben Jansen.
2 firefighters killed in car carrier blaze at Port Newark
Two New Jersey firefighters died fighting a blaze aboard the Grimaldi car carrier Grande Costa d’Avorio at Port Newark on Wednesday night.
Jaxport welcomes largest container ship to call
The 14,000-TEU One Stork on Tuesday became the largest container ship to call Jacksonville, Florida.
Port of Long Beach: Consumer spending decline contributed to import drop
Executive Director Mario Cordero says the Port of Long Beach is “ready for a rebound in retail.”
MSC, Atlas Air carrying aid to Turkey and Syria
More than 43,500 people in Turkey and Syria have died as a result of the Feb. 6 earthquake, which the United Nations is calling a “once-in-a-generation disaster.”
Port of Savannah exports up, total cargo volume down
The Georgia Ports Authority said a 16% drop in imports year over year “was fueled in part by reduced orders in retail and manufacturing.”
HMM reports strong 2022 despite Q4 profit plunge
HMM acknowledged that “freight rates in most key trade lanes have been under downward pressure since H1 2022.”
Port of Long Beach container volume plops
Executive Director Mario Cordero said he is optimistic the Port of Long Beach will recapture market share.
Ocean Network Express’ quarterly profit plunges
ONE’s profit dropped by 50% quarter over quarter to $2.76 billion.
Hapag-Lloyd reports ‘extraordinarily strong result’
German ocean shipping company Hapag-Lloyd said its earnings before interest, taxes, depreciation and amortization jumped by $7.6 billion year over year.
Hapag-Lloyd acquires stake in Indian terminals, logistics provider
“Terminal and infrastructure investments are a crucial element of our strategic agenda and India is one of our key growth markets,” Hapag-Lloyd CEO Rolf Habben Jansen said.
Port of Long Beach misses record as cargo flow returns to ‘normal’
The 9,133,657 twenty-foot equivalent units the Port of Long Beach handled in 2022 were only 2.7% off the record-setting 2021.
Georgia Ports sails to record year despite choppy waters
“It was a challenging year, but collaborative effort across Georgia’s supply chain ensured cargo movement remained fluid,” Executive Director Griff Lynch said.
Volume decline gives Port of Savannah operators a breather
The Georgia Ports Authority last month handled 464,883 twenty-foot equivalent units, a decline of 6.2% from the 494,699 TEUs moved in November 2021.
Cellphone use blamed for Ever Forward grounding
The pilot of the Ever Forward could face civil charges as a result of the vessel being stuck in Maryland’s Chesapeake Bay for more than a month.
TradeLens global data-sharing platform shuttering
The blockchain-enabled global platform TradeLens will go offline by the end of the first quarter of 2023.