Port of Melbourne issues sustainability linked loan

Port of Melbourne has recently completed a $475 million sustainability-linked loan (SLL), financed by a syndicate of 10 banks. The loan links to two sustainability indicators covering scope 1 and 2 emissions reduction, and a mental health first aid workplace certification together with an overarching gateway target tied to engagement with port stakeholders to facilitate […]

Port of New York and New Jersey handles over 725,000 TEUs in July

The Port of New York and New Jersey was the busiest port in the United States in July, moving 725,479 TEUs, the highest monthly total since October 2022, and taking the port’s year-through July total to 4,465,823 TEUs. The monthly result represents a 6.5% reduction from July 2022, when the port handled 776,167 TEUs. Moreover, […]

ONE’s new service calls at HHLA PLT Italy for first time

HHLA PLT Italy, Hamburger Hafen und Logistik AG’s Italian terminal in Trieste, welcomes the arrival of the container vessel line Ocean Network Express (ONE). More specifically, for the first time, the Singaporean container carrier calls at the city in the North Adriatic inaugurating the start of the new service, Adriatic Israel Butterfly (AIB). The AIB […]

Ports of Los Angeles and Long Beach welcome ratification of Longshore worker contract

The International Longshore and Warehouse Union (ILWU) announced that a six-year contract between the ILWU and the Pacific Maritime Association (PMA) had been ratified. According to a statement, the ratification of the contract will have a profoundly positive influence on the US economy, which is heavily reliant on the ports of Los Angeles and Long […]

Hapag-Lloyd reportedly ruled out of HMM bid

German mainline operator Hapag-Lloyd is said to have failed to make the cut in preliminary bidding for the majority stake in South Korean carrier HMM. Reports from South Korea said that only the three local bidders, Harim Group-JKL Partners consortium and the logistics groups LX Group and Dongwon, have been shortlisted after preliminary bids closed […]

Chemical blast rocks Laem Chabang port

Source: Thai PBS World An explosion rocked Laem Chabang port on 29 August, after a container in the dangerous goods section in Thailand’s main container port caught fire that morning. No one was hurt as 183 workers were evacuated, but six workers suffered breathing difficulties. Health permanent secretary Opas Karnkawinpong said that the fire broke […]

Mexico overtakes China as the biggest US trading partner

ICTSI container terminal in Mexico US Census data shows that Mexico has surpassed China as the US’ major trading partner during the course of this year. Consultant Jon Monroe attributes this shift in trade patterns to a contraction in orders for Chinese goods and the effects of reshoring and nearshoring processes that are now having […]