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, this is still a decrease of 11.6% from the peak in August 2022. China accounted for 38.4% of total U.S. container imports in October, a decrease of 0.9% from September …
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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 announced a joint initiative aimed at expediting the decarbonization of port terminals worldwide through the widespread electrification of container handling equipment (CHE), a critical component of port operations. Recent research …
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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 (US $110 million) to construct a new container terminal at the Port of Montreal in Contrecoeur, Québec. This investment, provided under the National Trade Corridors Fund, aims to enhance the …
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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 connection between West India and the US East Coast — will be discontinuing direct calls to Norfolk beginning in early November amid a cooling demand environment. Hapag Lloyd and CMA …
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DOCKWORKERS’ UNION ILWU FILES FOR CHAPTER 11 AMID DECADE-LONG LEGAL BATTLE The International Longshore and Warehouse Union (ILWU) representing U.S. dockworkers has filed for a chapter 11 bankruptcy protection to resolve a pending litigation with the Oregon affiliate of the International Container Terminal Services Inc (ICTSI). The union has listed its assets and liabilities in …
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CONTAINERS FALL AS RO-RO AND RAIL VOLUMES RISE AT PORT OF SAVANNAH The Port of Savannah handled 413,300 TEUs in August, down 28 percent from August 2022, the Georgia Ports Authority’s busiest month on record. However, Roll-on/Roll-off cargo saw an 8% increase, and rail volumes increased by 6%. The Georgia Ports Authority’s “Mega rail” terminal …
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GPA-SPONSORED TRANSLOAD FACILITY OPENS IN SAVANNAH NFI Industries has opened a transloading facility adjacent to the Garden City Terminal at the Port of Savannah which, while not the first such location near the port, is unique because it does not require drayage drivers or chassis and will be dual served by the Georgia Ports Authority …
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WEST COAST CONTAINER PORTS REGAIN SOME MARKET SHARE WITH LABOR SITUATION RESOLVED U.S. container import volumes increased slightly in August compared to the previous, consistent pre-pandemic peak season patterns. U.S. container import volumes in August 2023 rose by 0.4% from July 2023, totaling 2,196,268 TEUs. Compared to August 2022, TEU volume decreased by 13.2%, but …
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CMA CGM FINALIZES TERMINALS ACQUISITION AT PORT OF NEW YORK AND NEW JERSEY CMA CGM has closed on its acquisition to acquire two key container terminals at the Port of New York and New Jersey, expanding the French shipping company’s terminal footprint in the United States. CMA CGM announced its intention to acquire the GCT …
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PORT OF NEW YORK AND NEW JERSEY GREEN LIGHTS CMA CGM’S TAKEOVER OF TWO KEY CONTAINER TERMINALS The Port Authority of New York and New Jersey has agreed to amend leases held by Global Container Terminals Inc. (GCT) at two key container terminals in New Jersey and Staten Island, paving the way for French shipping …
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