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China

Freight 16 weeks in decline

Carlos Martinez -
The Drewry World Container Index (WCI) fell by 5% to $1,669 per 40-foot container. This means the decline, which has been ongoing for 16...
Boston Port

BGL announces the sale of West Gulf Marine to Maritime Partners

Sophie Becker -
Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is announced the sale of West Gulf Marine to...
Companies

Analysts: Falling ocean shipping rates put carrier profits at risk

Emily Carter -
A slump in ocean shipping demand has helped send ocean container rates to their lowest since January 2024, threatening profits at major carriers including...
Amsterdam Port

Asia Diesel: Backwardation deepens further; CPC Corp seeks Nov gasoil

Carlos Martinez -
Asia’s diesel market backwardation deepened further to $2 a barrel on Friday, as front-month fundamentals remained supported, though margins fell week on week. Regional diesel...
ESG

Port Of Los Angeles Reveals Ambitious Plan For First New Container Terminal In A Decade

Akira Nakamura -
The Port of Los Angeles has issued a request for proposals (RFP) for the pre-development of a major new container terminal, named Pier 500,...
Business

PortSide Stories: Los Angeles

Emily Carter -
PortSide Stories: Los Angeles Where the Pacific Meets Hollywood Dreams The Port of Los Angeles is the busiest port in the United States. It drives trade,...
Engineering

ABS expands U.S. West Coast presence with Anchorage office

Monica Germany -
ABS is strengthening support for Alaska’s maritime industry by establishing a team of surveyors at the Port of Alaska in Anchorage. The move will...
Los Angeles Port

USA: Port of Los Angeles issues request for proposals for pre-development of new container terminal

Priya Anika Rajan -
The Port of Los Angeles requests proposals from interested parties to participate in the pre-development of Berth 500, a new independent container...
Argentina

PortalPortuario Radar, report 6

Emily Carter -
On October 14, the new port tariffs determined by the United States Trade Representative (USTR) will come into effect, to be applied to vessels...
Companies

Drop in maritime freight rates puts shipping companies’ profits at risk

Zhang Weili -
/Reuters Agency A drop in demand for maritime transport since US President Donald Trump imposed a series of new tariffs on trade partners earlier...
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