In May 2023, U.S. container import volumes increased over April 2023 due to a rise in imports from China and Vietnam; May volumes also kept pace with pre-pandemic 2019 volumes. Port transit times increased, returning to early 2023 levels. The West Coast labor situation appears to be turning sour as recent job actions begin to impact container processing. The June update of the logistics metrics Descartes is tracking shows continued consistency with pre-pandemic import volume seasonality and signs that key challenges to global supply chain performance in 2023, such as ...

The number of vessels due to dock at the Port of Los Angeles and Long Beach is increasing as labor slowdowns at West Coast port terminals have impacted supply chain operations, from trucks to rails and ocean carriers. On Wednesday, six vessels were delayed at the Port of Los Angeles, while two vessels at the Port of Long Beach were at anchor on arrival — unable to interface with the port operations, according to a vessel update announced by the Marine Exchange of Southern California & Vessel Traffic Service, Los ...

The CMA CGM Group, a global player in sea, land, air and logistics solutions, will acquire shares in COSCO SHIPPING Ports (Spain) Holding, S.L. (CSP) from TPIH Iberia, S.L.U., corresponding to an indirect stake of 49% in CSP Iberian Valencia Terminal, S.A.U., one of Spain’s largest container terminals, and an indirect stake of 38% in CSP Iberian Bilbao Terminal, S.L. connecting Spain with the main ports in Northern Europe via the Atlantic Ocean. The acquisition is subject to all required regulatory approvals being obtained. CSP Bilbao, a major hub connecting ...

From January to April of 2023, the cargo volume of Chinese ports was 5278.4 million tons, a year-on-year increase of 7.6%; the container throughput of Chinese ports was 95.4 million TEU, a year-on-year increase of 4.8%. The chart below shows the cargo throughput and container throughput data of the twelve major ports in China. In terms of container freight rates, the average value of the Ningbo Container Freight index (NCFI) in May was quotes 702.9 points, have an decrease of 2.7% compare to last month. From Ningbo Zhoushan Port to ...

West Coast container port operations are being disrupted by a dispute over the size of dockworkers’ next pay raise, with disruptions now starting to affect ship operations. “We got a rash of vessel movements canceled overnight,” said Kip Louttit, executive director of the Marine Exchange of Southern California, on Wednesday. Departures of six ships berthed in Los Angeles or Long Beach have been delayed: the Cosco Portugal, Cosco Oceania, Cosco Shipping Rose, CMA CGM Amerigo Vespucci, CSCL Yellow Sea and YM Unicorn. Arrivals of four ships to the ports are ...

Kalmar, part of Cargotec, has secured an order to supply Access World with four Kalmar Eco reachstackers and two Kalmar Essential empty container handlers for deployment at their new Durban container terminal in South Africa. The order was booked in Cargotec’s Q2 2023 order intake and the machines are scheduled for delivery during Q4 2023. Access World is a leading service provider for major commodity markets including ferrous and non-ferrous metals, forestry and agricultural products, project cargo, chemical polymers and oil and gas. The company operates a global network of ...

The most-traded DCE 2309 iron ore contract was volatile yesterday, closing up 0.06% at 770 yuan/mt. Traders held offers firm, and steel mills restocked as needed. The wait-and-see sentiment in the market intensified, and the overall transaction was poor. The transaction prices of PB fines in Shandong were mostly 815-828 yuan/mt, which was 2-10 yuan/mt lower than a day earlier. China’s iron ore import volume in May was 96.18 million mt, an increase of 6.3% month-on-month and 4% year-on-year. The growth was mainly due to recovering shipments after impact of ...

Indian ports-to-power conglomerate Adani Group has completed a $2.65 billion deleveraging program, it said on Monday in its credit update for fiscal 2023. The group’s shares have lost more than $110 billion in value since January, when U.S. short-seller Hindenburg Research alleged it had indulged in stock manipulation and improper use of tax havens, and flagged concerns over its debt levels. Adani Group at the time called the report baseless and termed the allegations “unsubstantiated speculations”. In the statement issued by the group on Monday, it reiterated that it had ...

An ad hoc electrical network that will supply energy to ships and boats moored at the docks of the Port of Valencia. This is the aim of the first electrification project of the Valencian precinct which will be launched this June. This was announced by Federico Torres, head of Ecological Transition at the Port Authority of Valencia (PAV), together with Joan Calabuig, president of Valenciaport. “This initiative requires an electrical substation, a transformer to adapt the installed power, the circuits to connect the ships and the connection boxes… and it ...

Fujairah has imported 61,000 b/d of fuel oil in the first week of this month, a massive decline of 177,000 b/d from May, according to cargo tracker Vortexa. The port imported HSFO and LSFO in a 57/43 ratio in May, while coming into this month only HSFO imports were made. Fuel oil imports have primarily arrived from Iraq this month. Fujairah’s fuel oil exports have jumped by a massive 85,000 b/d to 414,000 b/d in the first week of June. This has comfortably tilted the port’s trade balance into net ...

Tideworks Technology Inc. (Tideworks), a full-service provider of comprehensive terminal operating system (TOS) solutions, today announced the successful deployment of its latest product, DriverSIM by Tideworks, at Manzanillo International Terminal (MIT). MIT is one of Latin America’s most significant logistics hubs, connecting approximately 125 ports through its operations. The implementation at MIT is the company’s first deployment of DriverSIM by Tideworks. DriverSIM by Tideworks is a simulated, supplemental training tool for terminal yard tractor (UTR) drivers. It leverages virtual reality technology so terminals can transition part of their equipment training ...

The International Maritime Organization (IMO) has long been committed to reducing the industry’s carbon footprint, aiming for a minimum 50% reduction in GHG emissions by 2050 through stricter regulations and improved energy efficiency. However, recent discussions at the Green4Sea Forum in Athens have highlighted IMO’s challenges in developing credible plans and policies. Suppose the IMO fails to provide effective solutions. In that case, there is a risk that regional and national authorities will take unilateral actions to regulate emissions, potentially fragmenting the global shipping industry’s operations. In the quest to ...

Adani Group, India’s largest critical infrastructure developer today released a compendium of its ESG FY23 performance. The compendium states how the portfolio of the companies are emerging as the leaders by setting higher standards in ESG across all its businesses. Adani portfolio of companies are committed to sustainable growth, capitalising on unprecedented opportunities. This growth is being shaped and influenced by the highest standards of responsibility across various aspects of our operations. The complement of outperformance and responsibility has enhanced stakeholder respect, confidence, engagement, valuations, and business sustainability. The various ...

Northport (Malaysia) Bhd (“Northport”) and Alam Flora Environmental Solutions (“AFES”), both members of the MMC Group, have collaborated to organize the Port Reception Facilities (“PRF”) Open Day in conjunction with World Environment Day 2023. The event was jointly graced by Northport’s Chief Executive Officer, Dato’ Azman Shah Mohd Yusof and AFES’ Chief Operating Officer, Encik Nazar Abdul Raof. More than 200 people comprising of port workers as well as Northport and AFES’ stakeholders attended the open day event held at Northport PRF facility in Port Klang. Dato’ Azman said that ...

Pakistan International Container Terminal Limited (PICT), International Container Terminal Services, Inc. (ICTSI) subsidiary operating at the Port of Karachi, has partnered with Singaporean shipping line SeaLead to establish a direct service between Pakistan and Australia. Calling regional ports across Malaysia, Australia and Pakistan, the newly launched ASI service enables easy and efficient connection between markets in South Asia and Australia. With the arrival of the service at the Port of Karachi, PICT looks to strengthen trade patronage with global customers and cater to growing trade demands. The ASI service will ...