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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NEW ALL-ELECTRIC CONTAINER CRANES ARRIVE AT PORT OF SAVANNAH Four new Super Post-Panamax ship-to-shore (STS) container cranes arrived at the Port of Savannah. Part of $1.9 billion in infrastructure improvements that will help boost capacity at the port. The addition the cranes will bring Port of Savannah’s fleet to 34 machines at the Garden City …
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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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U.S. CONTAINER IMPORTS MIRROR PRE-PANDEMIC LEVELS U.S. container imports climbed more than 5% last month, in-line with more typical peak shipping season levels before the pandemic’s impact on trade, according to the latest global shipping report Despite the volume increase, port transit times in the U.S. remained close to their lowest levels since Descartes began …
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COURT DENIES SC PORTS APPEAL OF LEATHERMAN RULING A US appellate court has ruled that the lawsuit filed by the International Longshoremen’s Association (ILA) against ocean carriers that called the Port of Charleston’s Hugh K. Leatherman terminal was a lawful tactic to preserve work traditionally handled by the union’s members. The US Fourth Circuit Court …
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CALIFORNIA AWARDS $1.5 BILLION FOR PORT INFRASTRUCTURE UPGRADES California Governor Gavin Newsom announced an investment of over $1.5 billion for building a more efficient, sustainable, and resilient supply chain, including $450 million for zero-emission infrastructure, locomotives, vessels, and vehicles. “No other state has a supply chain as critical to the national and global economy as …
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LOUISIANA GOVERNOR AIMS TO RESTORE FUNDS FOR NEW PORT NOLA TERMINAL The Port of New Orleans is looking to the governor of Louisiana to help restore $4 million in state funding that would go toward early work on its proposed $1.5 billion container terminal after legislators unexpectedly cut the funding from the state’s most recent …
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PORT OF LOS ANGELES KEEPING A CLOSE EYE ON LABOR TALKS AS CARGO VOLUMES GAIN FOR A THIRD MONTH Cargo volumes at the Port of Los Angeles increased for the third consecutive month in May but continue to track below pre pandemic numbers amid protracted West Coast labour negotiations and uncertainty in the economy. The …
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CONTAINER VOLUMES AT PORT OF LOS ANGELES RISE FOR SECOND STRAIGHT MONTH, BUT PACE LAGGING PRE-PANDEMIC Container volumes at the Port of Los Angeles showed improvement for the second consecutive month in April, although they continue to lag behind pre-pandemic levels. In April, the Port of Los Angeles processed 688,110 twenty-foot equivalent units (TEUs), a …
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PORT HOUSTON SEES SURGE IN CONTAINER EXPORTS As U.S. imports continue to come in well below last year’s records, Port Houston has announced that its container exports are surpassing historic volumes seen in 2022, signalling strong growth in the region. Loaded exports, particularly driven by the demand for resin exports, have increased by an impressive …
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