The issue of automation at ports – both in terms of physical equipment and data management – remains at the heart of disagreements between the two sides.

The Port of Los Angeles long ago ran out of room to design and build new container terminals from scratch. 

The settlement does not include any damages for the reconstruction of the Francis Scott Key Bridge.

Russia has been targeting Kyiv’s export infrastructure since the 2022 invasion, with strikes on its ports in the Black Sea and on the Danube.

As negotiations between the ILA and USMX continue, the issue of automation at ports remains a point of contention.

Freight traffic between the U.S. and its neighbors is increasingly via truck, Bureau of Transportation Statistics figures show.

Roughly two million import and export containers are expected to move through the Port of Coos Bay each year once the new terminal is up and running.

The UNCTAD's report released on October 22 found that container trade measured in tons of cargo grew by just 0.3% in 2023.

Prior to this new expedited process, it would take months to remove a sanctioned vessel from the Panama Ship Registry.

Maersk had already raised its 2024 profit forecast in May, June and August, as the Red Sea conflict was having a larger than previously expected impact.