Maersk says Red Sea key to profit in 2025
Maersk, the world’s second-largest container line, reported solid gains in 2024 in its ocean, logistics and terminals businesses.
Maersk, the world’s second-largest container line, reported solid gains in 2024 in its ocean, logistics and terminals businesses.
While the global supply chain seemed whipsawed on a daily basis in 2024, one thing remained constant: a veritable tsunami of ocean containers moving through the Port of Los Angeles. The busiest U.S. maritime trade hub moved 10.3 million container units in 2024, a record 1.7 million TEUs or nearly 20% higher than a year […]
The Alabama Port Authority has begun the fourth phase of its $104 million container terminal expansion project at the Port of Mobile.
The parent of container liner operator Maersk turned in quarterly revenue and profits higher than a year ago as attacks on Mideast shipping led to higher operating costs – and higher rates for shippers.
The parent of Maersk container line said strong demand for shipping services and higher ocean freight rates fueled growth across all businesses as it raised estimates for full-year results.
The International Longshoremen’s Association is in a contract dispute with ocean carriers over wage increases and use of automation.
This week in Borderlands: Mexico averaged 58 cargo thefts a day in the second quarter; APM Terminals invests $140 million to expand a facility at a Mexico seaport; XPO adds capacity at a Texas facility; and Jaguar Transport Holdings will operate a Dallas transload facility.
APM Terminals Mobile has begun a $60 million rail expansion project at the Port of Mobile, Alabama.
South Florida Container Terminal has ordered 12 electric, emission-free, rubber-tired gantry cranes and welcomed the launch of CMA CGM’s Medgulf service at PortMiami.
The terminal says it has “abundant space” at the Millennium Marine Rail facility in New Jersey, as well as competitive import dwell time.
Plaquemines Port announced it has found the site for its state-of-the-art container terminal that will be able to handle vessels carrying up to 22,000 TEUs.
Exported empties contribute to the Port of New York and New Jersey’s monthly volume record.
“These best practices are needed now more than ever to relieve pressure on the supply chain due to the ongoing surge,” Port of LA Executive Director Gene Seroka says.
The 15,072-TEU CMA CGM Brazil earns the honor as the biggest container ship to call the East Coast.
Shipping line works with APM Terminals Mobile, the Alabama State Port Authority and Team Rubicon to get 36,000 pounds of needed goods to the people of Louisiana.
Two logistics parks are in operation nearby and more are to come in Alabama.
APM Terminals closes inbound gate at Port Elizabeth, New Jersey, until the weather improves.
The container ship helping set the record is longer than the Eiffel Tower is tall and capable of carrying 384 million pairs of shoes.
Sister ship will transport cargo while turbocharger is repaired in New Jersey
Alabama State Port Authority and APM Terminals Mobile will help get products to customers quickly
Operator of Staten Island terminal spurned by container giant is not giving up without a fight.
Judge gives Maersk go-ahead to jump ship from GCT terminal in Staten Island.
Maersk plans sudden switch from Staten Island to New Jersey. The Staten Island terminal is fighting back.
Fee-based storage offered at five North American terminals to assist importers dealing with supply chain disruption caused by coronavirus pandemic.
Alabama facility operating normally during coronavirus pandemic.
APM Terminals is selling one of its two large terminals in Rotterdam, but will retain ownership of Maasvlakte II.
A new APM Terminals container terminal in Italy also expects to capture cargo moving to and from Switzerland, Germany and France.
Maersk subsidiary looks to fix congestion that had been widely cited in 2018 front-loading.
Georgia Ports Authority is looking to grow roll-on, roll-off cargo even as work continues on salvaging the capsized car carrier Golden Ray.
Dredging could begin in late 2020 after port finishes shoreside upgrades.
Labor unions claim the effect on jobs is not being properly considered.
Five container terminals in the Port of New York and New Jersey have increased rates in an update to their FMC agreement.
Shifting rules at marine terminals pose challenge to drayage.
The Port of Los Angeles is a test bed for the latest in logistics technology, and a target for the threats facing that technology. To stave off those threats, the largest U.S. seaport is seeking bids for a “turn-key” cybersecurity center, “a first-of-its-kind solution that will help to reduce the port-wide risk of a cyber […]
APM Terminals reached a deal with the longshore union at the Port of Los Angeles to retrain dock workers in repairing the automated cargo handling equipment that will take their jobs. The deal further paves the way for the Maersk subsidiary to start a project to install electrical charging stations and to make other upgrades […]
Maersk, for the second time, was granted a permit by the Port of Los Angeles that would allow its APM Terminals subsidiary to install infrastructure for electrified, automated container handling equipment. The Los Angeles Board of Harbor Commissioners voted three-to-two against an appeal by the International Longshore and Warehouse Union (ILWU) Local 13, which opposes […]
The Port of New York and New Jersey published its plans on how it will handle an expected doubling of container volume over the next 30 years, all while trying to mitigate pollution and congestion. The plan has major implications for the region’s four largest marine terminals as the Port Authority of New York and […]
Maersk’s (Nasdaq OMX: MAER) fight to bring automation to its largest North American marine terminal is getting support from shippers and non-ocean carriers concerned about the impact on the environment and the precedent of government overreach into the future of freight. The world’s biggest shipping line faces a do-over as the Los Angeles Board of […]
The Los Angeles City Council voted against a permit that would allow Maersk to begin the process of automating operations at the largest marine terminal on the U.S. West Coast. The Council’s motion to deny Maersk’s APM Terminals subsidiary a permit for installing equipment at its Pier 400 terminal to support automation comes one week […]
The Los Angeles Board of Harbor Commissioners narrowly approved a permit that would allow Maersk’s (Nasdaq OMX: MAER) terminals subsidiary to automate container moves at the largest marine terminal on the U.S. West Coast. The board voted three-to-two against an appeal of the permit filed by the local chapter of the International Longshore and Warehouse […]
The Port of Los Angeles saw May container volumes grow at their best year-to-date level since January, even as empty containers still account for most of the growth. To keep volumes going, the seaport’s employees will face a changing workplace in the coming years as new technologies improve cargo fluidity, the port’s executive director said. […]
LA caught between straits of labor and capital; group looks for ocean freight’s Esperanto; and digital-first forwarder gets $20m funding.
‘Discretionary’ cargo may look elsewhere for U.S. dock space should the biggest terminal in the biggest port not find ways to be more efficient.
Washington insiders say maritime cyber attacks in the U.S. and around the world lack attention and funding.
28-day cooling off period now in works after contentious debate about automation; Union reminds officials that ‘robots do not pay taxes.’
Terminals moving out backlogs of containers and improving turn times; outbound freight demand still strong as drayage remains tight.