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Global Gateways: Page 56

Green Shipping Partnership Signed by Ports of Singapore, LA and Long Beach

The new strategy outlines the steps that the three ports will take to speed up the decarbonization of the shipping industry.

The Port of Los Angeles, Los Angeles, California. Photo: iStock.com/viavado

'Clean Truck Express' Lane To Open at Pier 400 Los Angeles

APM says new priority lane incentivizes environmental stewardship while enhancing customers’ operational efficiency.

A Performance Team driver greets a Pier 400 employee during a test of Pier 400’s “Clean Truck Express” lane. Photo: APM Terminals

Panama Canal Water Levels Will Affect Western Trade in 2024

In response to the ongoing crisis, carriers have begun redirecting their shipments to the U.S. West Coast or have opted for alternative routes via the Suez Canal.

Panama Canal, Panama. Photo: iStock / Marina113

Attackers Who Held Israel-Linked Tanker Seized by U.S. Navy

The Houthis have promised to target Israel over its war against Hamas in the Gaza Strip, declaring themselves part of an "axis of resistance" of Iran-affiliated groups.

A U.S. warship. Photo: iStock.com/3DSculptor

Tanker With Ties to Israeli Billionaire Ofer Boarded Off Yemen

The incident is the latest in a string of attacks since Iranian-backed Houthi rebels in Yemen issued a threat to target ships until Israel’s military operation against Hamas ends.

Image: iStock.com/PeterHermesFurian

Climate Neutral Island Supply Vessel Commissioned for Marshall Islands

The ship is equipped with a semi-automated INDOSAIL wind propulsion system, enabling it to reach a speed of roughly 12 knots with a sailing area of 500 square meters.

Photo: iStock.com/SHansche

Cargo Volumes Rise for Third-Straight Month at Port of LA

Through the first ten months of 2023, the Port has processed 7,123,900 TEUs, which represents a 16.6% drop-off when compared to the same period in 2022.

Los Angeles, California. Photo: iStock / KKStock

Israeli Vessel’s Capture Reignites Fears Over Mideast Shipping

While the impact of the Israel-Hamas war has been contained so far, markets have been wary that the fighting will draw in other nations in the region, particularly Iran.

Photo: iStock.com/Yuliia Bukovska

U.S. to Build $553M Deep-Water Shipping Terminal in Sri Lanka

The Port of Colombo has been operating near its capacity since 2021, meaning the new terminal will enable the continued growth of economies located in the Bay of Bengal.

Colombo, Sri Lanka. Photo: iStock.com/joyt

Global Freight Recession Continues into 2024 CNBC Survey Predicts

Those interviewed said they expect a rebound during the second half of 2024 with half of the participants saying they believe freight volumes will increase by 5% during that period.

Photo: iStock.com/Kosal Hor

ONE Completes Stake Acquisition of TraPac, YTI and RWG

ONE now has a presence in Northern Europe, Southeast Asia and the West Coast of the U.S. following these recent acquisitions.

Photo: iStock.com/DINphotogallery

Biden Administration Awards $653M in Grants to Upgrade U.S. Ports

Officials for the Biden administration said the projects will allow ports to meet increased shipping demands while improving worker safety and lowering costs for consumers.

Tacoma, Washington. Photo: iStock.com/gmc3101

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