Georgia Port Authority (GPA) has announced it plans to expand the Port of Savannah. Michele Labrut | Mar 03, 2022 In his annual State of Port address, GPA Executive Director, Griff Lynch, announced a plan to increase box capacity of the Port of Savannah by 60% from about 6m teu to 9.5m teu by 2025. The
Multiple international container lines have announced they will not call Ukraine ports, while Russian services generally remain available. Gary Howard | Feb 24, 2022 MSC, Maersk and CMA CGM all released operation updates announcing suspensions of vessel calls to Ukraine until further notice. Russian armed forces launched an invasion of Ukraine on February 24. Ukraine’s military
CMA CGM is to stop carrying plastic waste on its ships from 1 June in a bid heeding the call of NGOs for a ban on such exports. Marcus Hand | Feb 14, 2022 Rodolphe Saadé, Chairman and CEO of the CMA CGM Group made the announcement on the company’s ban on carrying plastic waste during
Vietnam will remove its COVID-19 restrictions on international passenger flights with all markets starting Feb. 15, with no limitation on the number of flights, the state-run Tuoi Tre newspaper reported on Sunday. The Southeast Asian country imposed tight border controls at the start of the pandemic to keep out COVID-19, with some initial success, but
AP Moller – Maersk has reported an expected record profit of $24bn for 2021 and forecasts the same result for the coming year. Marcus Hand | Feb 09, 2022 In line with its updated guidance for 2021 issued last month the company reported an EBITDA of $24bn for 2021, nearly three times the $8.2bn EBITDA Maersk
In defiance of massive woes, Vietnam’s export-import landscape is gaining momentum on the back of the gradual recovery in domestic manufacturing and bit-by-bit reopening of many foreign markets, promising a brighter trade picture for the country this year. Export picture enjoys benefits from restart Fresh data from the Ministry of Industry and Trade (MoIT) showed
The Port of Los Angeles handled a record 10.7m teu in 2021 in a year that was characterised by congestion and ever-growing queues of ships. Marcus Hand | Jan 24, 2022 Handling 10.7m teu last year the Port of LA broke its previous record in 2018 by some 13%. “Decades of development provided the berth space,
Without a doubt, the past 2 years made the shipping industry one of the most profitable industries. In November 2021, liner veteran John McCown, founder of Blue Alpha Capital has published an in-depth analysis of the profits in the shipping industry. What happened in 2020-2021 was hard to anticipate prior to the pandemic. Based on his analysis,
The State of California is proposing to invest $2.3bn in ports, supply chain infrastructure, decarbonisation and related training. Marcus Hand | Jan 11, 2022 Unveiling his proposed budget on Monday California Gov. Galvin Newsom said that while action had been taken to alleviate supply chain disruption more investment was necessary. Congestion at the key gateway Ports of
The Mediterranean Shipping Company (MSC) has overtaken Denmark’s Maersk to become the world’s largest container line. MSC’s rise to the top came on Wednesday when the Swiss-Italian company took delivery of a container ship in Singapore, according to Alphaliner, a maritime consultancy. MSC bought the ship last year for $50.5 million. With its new acquisition, MSC’s fleet
