WEEK 5 MARKET UPDATE
RED SEA-DRIVEN SURGE IN CONTAINER SHIPPING RATES LOSES MOMENTUM Mass diversions of container ships around Africa’s Cape of Good Hope caused spot rates to surge,
RED SEA-DRIVEN SURGE IN CONTAINER SHIPPING RATES LOSES MOMENTUM Mass diversions of container ships around Africa’s Cape of Good Hope caused spot rates to surge,
PORT OF NEW ORLEANS GETS $226M FOR INTERNATIONAL CONTAINER TERMINAL Efforts to build an international container terminal at the Port of New Orleans capable of
CONTAINER SHIPPING RATES SPIKE AS RED SEA CRISIS DRAWS FIRST BLOOD For cargo importers, the outlook is now clear: higher freight costs and longer delays.
Container shipping outlook 2024: Rising risk of delays, disruptions The supply chain crisis is long over, but America’s importers still have a lot to keep
CONTAINER SHIPPING OUTLOOK 2024: RISING RISK OF DELAYS, DISRUPTIONS The supply chain crisis is long over, but America’s importers still have a lot to keep
ONE READIES INDIA-US EAST COAST SERVICE AS PART OF 2024 NETWORK ROLLOUT Ocean Network Express (ONE) has unveiled plans for its first standalone container service
PORT HOUSTON RECORDS NEW LOADED EXPORTS RECORD Port Houston celebrated a major milestone in October, reporting the highest volume of loaded exports in its history.
SOUTH CAROLINA PORTS REPORT STRONG OCTOBER PERFORMANCE South Carolina Ports (SC Ports) announced impressive performance for the month of October, with container volumes showing signs
U.S. CONTAINER IMPORTS CONTINUE TO RISE, OUTPACING PRE-PANDEMIC LEVELS Imports from China increased by 2.3% in October 2023 compared to September, reaching 886,842 TEUs. However,
APM TERMINALS AND DP WORLD JOIN FORCES ON CONTAINER HANDLING ELECTRIFICATION APM Terminals, the terminal operating arm of A.P. Moller Maersk, and DP World have
PORT OF MONTREAL GETS FEDERAL FUNDING FOR NEW CONTAINER TERMINAL The Government of Canada has announced a significant investment of up to CAD $150 million
NDIA-US INDAMEX 2 SERVICE DROPS NORFOLK CALL AS DEMAND PRESSURE PERSISTS In a routing reshuffle, the Indamex 2 service (IN2) — touted as the fastest
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