Eastern Shipbuilding Group, Inc. will commission the Port St. Joe shipyard’s opening with a community celebration on Thursday, July 8th at 10 AM Eastern. More details to follow.
Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak. The deficit was 5.89 trillion yen ($38 billion) for the fiscal year that ended in March, according to Finance Ministry data released Wednesday. The biggest trade deficits were in the… Read More
The Port of Los Angeles handled 743,417 container units in March, a 19% increase over the previous year. It was the eighth consecutive month of year-over-year growth at the nation’s busiest port. For the first quarter ending March 31, local dockworkers moved 2,380,503 Twenty-Foot Equivalent Units (TEUs) across Los Angeles marine terminals––nearly 30% more than… Read More
Europe’s busiest port, the Port of Rotterdam, saw a decline of 1.4% in its total throughput in the first quarter of 2024 compared to last year. In total, the port handled 110.1 million tonnes in the first three months of this year, down from 111.7 million tonnes in the corresponding period of 2023. The decrease… Read More
The Port of Antwerp-Bruges has announced an increase in container throughput of 8.6 per cent in tonnes and 6 per cent in TEU (3.29 million) in the first quarter of 2024, compared to the same period in 2023. After economic uncertainty and inflation led to a global slowdown in demand for container shipping in 2023, container throughput picked up… Read More
The accident that closed the Port of Baltimore initially raised concerns that supply chains would take another hit just as global shipping adjusted to disruptions from Houthi attacks on vessels in the Red Sea. But supply chains have been resilient thus far, and U.S. efforts to fortify them are accelerating. Have there been global economic repercussions from… Read More
