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Latin America’s shipping trade: Key leaders and emerging followers

Latin America is undergoing a significant transformation in the maritime shipping industry, with several countries vying to become leading port hubs in the region. As global trade continues to shift and evolve, the ability of a country to strengthen its shipping and port connectivity becomes a critical factor in its economic success.

This article delves into the key indicators—Shipping Connectivity and Port Connectivity Indexes—exploring how different Latin American countries are responding to...

https://container-news.com/latin-americas-shipping-trade-key-leaders-and-emerging-followers/

Former Yellow chief lands at chassis co-op

Just a couple of weeks after former Yellow Corp. CEO Darren Hawkins was being questioned about the final days of his former company, the North American Chassis Pool Cooperative (NACPC) named him its new president and CEO in waiting.

A news release from NACPC said Hawkins will succeed Dave Manning, who will become the organization’s chairman. The Friday release said Hawkins is currently NACPC’s president and will become its CEO effective Jan.1.

“I’ve known Darren for many years and am excited to...

https://www.freightwaves.com/news/former-yellow-chief-lands-at-chassis-co-op

VIDEO: Eastern Shipbuilding moves ahead on OSV to SOV conversion

Eastern Shipbuilding Group, Panama City, Fla., has released video showing that it is well along with its conversion of a 280-foot offshore supply vessel (OSV) to a battery-hybrid service operation vessel (SOV), the HOS Rocinante, for Hornbeck Offshore Services (HOS).

The vessel is one of a number of 280-foot class OSVs acquired by HOS in 2023. It is being converted at the company’s Allanton Shipyard and will emerge from the OSV to SOV conversion as a U.S.-flag, Jones Act compliant vessel capable...

https://www.marinelog.com/shipbuilding/shipyards/shipyard-news/video-eastern-shipbuilding-moves-ahead-on-osv-to-sov-conversion/

Diesel surcharge benchmark down 9th week in a row amid oil sell-off

As the increasingly bearish oil market took a breather Monday, with futures prices rising, the always lagging benchmark retail diesel price declined again.

The weekly Department of Energy/Energy Information Administration average retail diesel price fell 7 cents a gallon to $3.555. It’s the ninth consecutive week that the price used for most fuel surcharges fell, matching another streak of that duration between April and June.

It also marked the biggest one-week decline in the diesel price used...

https://www.freightwaves.com/news/diesel-surcharge-benchmark-down-9th-week-in-a-row-amid-oil-sell-off

Cargo shipments face delays if Air Canada pilots go on strike 

Air cargo shipments will be halted on Sept. 19 at Air Canada if pilots follow through on a threat to strike without a new labor deal.

The airline on Monday said it is finalizing contingency plans for a phased shutdown of most operations.

Talks between the company and the Air Line Pilots Association, representing more than 5,200 pilots at Air Canada (TSX: AC) and Air Canada Rouge, are stalled and the parties remain far apart on contract terms. Unless an agreement is reached by Sunday, either party...

https://www.freightwaves.com/news/cargo-shipments-face-delays-if-air-canada-pilots-go-on-strike

China-designed vessel would top all containerships

China’s state-owned shipyard announced a prospective design for what would be the world’s largest containership.

China State Shipbuilding Corp.’s (CSSC) Shanghai Ship Research and Design Institute said it has received approval in principle for a liquefied natural gas dual-fuel vessel of 27,500 twenty-foot equivalent units.

If constructed, the ship would be 3,000 TEUs larger than the largest containerships in the world, Mediterranean Shipping Co.’s Irina-class fleet of 24,346-TEU ships, which the...

https://www.freightwaves.com/news/china-designed-vessel-would-top-all-containerships

Universal Logistics eliminating a shift in Detroit, laying off 92 workers

Two divisions of Universal Logistics are laying off workers at the company’s facility in Detroit.

In WARN notices filed last week with the Michigan Department of Labor and Economic Opportunity, the company said it was laying off 62 people from Universal Logistics Insights and 30 from Universal Dedicated of Detroit. 

The layoffs are effective Oct. 22.

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https://www.freightwaves.com/news/universal-logistics-eliminating-a-shift-in-detroit-laying-off-92-workers

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