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US Ports Sector Outlook Stable for 2025 Despite Economic Headwinds, Moody’s Reports
Ports
November 21, 2024
From 
Mike Schuler
 via 
gCaptain

US Ports Sector Outlook Stable for 2025 Despite Economic Headwinds, Moody’s Reports

The US ports sector is poised for a year of modest growth in 2025, according to a recent Moody’s Ratings report. Despite facing economic challenges, the industry’s outlook remains stable,...
Adani Group Chairman Indicted in $250 Million Bribery Scandal
Ports
November 21, 2024
From 
Mike Schuler
 via 
gCaptain

Adani Group Chairman Indicted in $250 Million Bribery Scandal

Gautam S. Adani, chairman of the Adani Group and a key figure in India’s ports and shipping sector, has been indicted along with seven other senior business executives in connection...
Cargo Surge Continues at Port of Los Angeles
Ports
November 20, 2024
From 
Mike Schuler
 via 
gCaptain

Cargo Surge Continues at Port of Los Angeles

The Port of Los Angeles handled an unprecedented 905,026 Twenty-Foot Equivalent Units (TEUs) in October—marking a significant 25% increase from the previous year and the first time the port has...
Green Shipping Corridors Face ‘Feasibility Wall’
Ports
November 19, 2024
From 
Mike Schuler
 via 
gCaptain

Green Shipping Corridors Face ‘Feasibility Wall’

The maritime industry’s ambitious push towards zero-emission shipping through green corridors is gaining momentum but faces critical challenges, according to the latest “Annual Progress Report on Green Shipping Corridors 2024”...
Biden Administration Injects Another $580 Million into U.S. Ports
Ports
November 15, 2024
From 
Mike Schuler
 via 
gCaptain

Biden Administration Injects Another $580 Million into U.S. Ports

The U.S. Department of Transportation’s Maritime Administration (MARAD) has unveiled a significant investment of nearly $580 million to bolster port infrastructure across the nation. The funding, part of the Bipartisan...
Starting Latin America Trip, Xi Jinping Opens Huge Port in Peru Funded by China
Ports
November 15, 2024
From 
Reuters
 via 
gCaptain

Starting Latin America Trip, Xi Jinping Opens Huge Port in Peru Funded by China

By Eduardo Baptista, Marco Aquino, Lucinda Elliott LIMA, Nov 14 (Reuters) – Chinese President Xi Jinping launched a week-long diplomatic blitz of South America on Thursday by inaugurating a massive...
Port of Long Beach Shatters All-Time Cargo Record
Ports
November 14, 2024
From 
Mike Schuler
 via 
gCaptain

Port of Long Beach Shatters All-Time Cargo Record

The Port of Long Beach handled nearly 1 million twenty-foot containers in October, setting new record as the port’s busiest month in its 113-year history. Fueled by soaring demand for...
ILA-USMX Negotiations: Will President Trump’s First Test Be On the Docks?
Ports
November 13, 2024
From 
Bloomberg
 via 
gCaptain

ILA-USMX Negotiations: Will President Trump’s First Test Be On the Docks?

When the International Longshoremen’s Association and US Maritime Alliance agreed on a 62% pay raise in order to suspend the strike in early October, they left more difficult issues like automation for after the presidential election.
Dockworkers Dig In: ILA Breaks Off Talks with USMX, Threatening January Port Chaos
Ports
November 13, 2024
From 
Mike Schuler
 via 
gCaptain

Dockworkers Dig In: ILA Breaks Off Talks with USMX, Threatening January Port Chaos

The International Longshoremen’s Association (ILA) has halted talks with the United States Maritime Alliance (USMX) over disputes about port automation, raising the possibility of renewed strikes at U.S. East and...
Canada Moves to End Port Strikes to Prevent Economic ‘Self-Harm’
Ports
November 12, 2024
From 
Reuters
 via 
gCaptain

Canada Moves to End Port Strikes to Prevent Economic ‘Self-Harm’

Canada on Tuesday moved to end labor disputes at the country's two biggest ports of Vancouver and Montreal, citing the economic damage and the potential for driving away trading partners.
China Dominates U.S. Import Surge as Ports Feel the Heat
Ports
November 12, 2024
From 
Mike Schuler
 via 
gCaptain

China Dominates U.S. Import Surge as Ports Feel the Heat

In a clear indication of the U.S. economy’s ongoing strength, October’s container imports reached 2,494,635 twenty-foot equivalent units (TEUs), according to the latest Descartes Systems Group‘s Global Shipping Report. This...
Montreal Port Locks Out Dockworkers, Adding To Canada’s Supply-Chain Woes
Ports
November 11, 2024
From 
Bloomberg
 via 
gCaptain

Montreal Port Locks Out Dockworkers, Adding To Canada’s Supply-Chain Woes

By Curtis Heinzl Nov 10, 2024,(Bloomberg) –Longshoring activity at the Port of Montreal is set to grind to a halt as an employers’ group locks out 1,200 union members. The escalation...