After several days of US East & Gulf Coast strike – which will have cost more than US$3bn a day and which has held up about many box ships, a […]
US east coast
New York Is Gorging On Fuel Made From Illicit Russian Oil
- India buys up Russian oil, becomes top New York fuel supplier.
- About 89,000 barrels a day from India are headed to New York.
- Increasing reliance on imports from as far away as India puts the US East Coast at greater risk of supply shortfalls.
New York is buying an unusually large amount of gasoline and diesel from India — a country that has become a top outlet for sanctioned Russian oil.
Illicit russian oilAbout 89,000 barrels per day of Indian gasoline and diesel...
https://mfame.guru/new-york-is-gorging-on-fuel-made-from-illicit-russian-oil/
New Container Shipping Service
Switzerland-based shipping line MSC announced on April 26 that it will launch a new service in May connecting Vietnam to the US East Coast amid growing export volumes from Southeast Asia to the US, reports Platts.
About The ServiceThe Liberty service will sail from Vung Tau, Vietnam, for the first time on May 22 to Yantian, China, then proceed in an eastbound direction across the Pacific, transiting the Panama Canal before calling on Charleston, Savannah and New York. The around-the-world...
White House opens coffers for ports developing in line with climate agenda
Federal funding beckons for US ports looking to get in on offshore wind market development.
The government has supported a new and ambitious proposal for offshore wind energy growth with a $230m grant scheme for port projects related to sustainable energy programmes.
Grants will be awarded through the Port Infrastructure Development Programme on a competitive basis to projects that modernise port infrastructure and support economic vitality – but there is a special …
The post White House opens...
https://theloadstar.com/white-house-opens-coffers-for-ports-developing-in-line-with-climate-agenda/
US east coast ports expand to handle traffic bypassing congestion in the west
While the US east coast ports are in expansion mode, anticipating growth, the nation’s prime maritime gateway on the west coast remains choked with traffic.
The congestion that has plagued the port complex of Los Angeles and Long Beach in recent months has got worse lately, with dwell times for vessels of almost a week, while on the docks containers pile up, slowing movement of boxes off the facilities.
There has been …
The post US east coast ports expand to handle traffic bypassing congestion...
Wave of Asian imports engulfs more US ports, driving up costs
The wave of imports that has overwhelmed Los Angeles and Long Beach has spread to other gateways, causing delays and higher costs for importers.
The port of Oakland reported a 10.4% year-on-year rise in imports in October, which the port authority attributed to continuing strong consumer demand and retailers’ efforts to re-stock inventories.
Further up the coast, the Northwest Seaports Alliance of the ports of Seattle and Tacoma experienced a 4.7% rebound …
The post Wave of Asian imports engulfs...
https://theloadstar.com/wave-of-asian-imports-engulfs-more-us-ports-driving-up-costs/
ONE addition equals eight new South American destinations for JAXPORT
The Jacksonville Port Authority (JAXPORT) said its customers now have access to a new container service to the West Coast of South America through Ocean Network Express (ONE).
ONE has added Rodman, Panama, as a port of call on its EC1 U.S. East Coast service, connecting JAXPORT’s TraPac Container Terminal at Dames Point in Jacksonville, Florida, to eight new destinations in South America.
The addition of a Rodman port call, which took effect at the beginning of October, provides connections from...
Carriers continue capacity balancing and reduce rates to attract cargo
Container spot rates from Asia to Europe fell back this week as carriers started to reduce rates slightly to attract cargo.
Today’s Shanghai Containerized Freight Index (SCFI) edged down 1.4% on the week to North Europe, to $907 per teu, while the Mediterranean component declined 1.2%, to $940 per teu.
The softening of demand has prompted the Ocean Alliance to announce a further three blank sailings: the Asia to North Europe Loop …
The post Carriers continue capacity balancing and reduce rates...
https://theloadstar.com/carriers-continue-capacity-balancing-and-reduce-rates-to-attract-cargo/
US container imports fall 10% in June, but west coast ports pull traffic back
In a reversal of the trend of the past year, US west coast ports fared better in comparison with their east and Gulf coast gateway rivals last month, recording a smaller decline in container imports.
According to the latest monthly statistics compiled by New York-based consultancy Blue Alpha Capital, container imports into the top ten US ports declined by 10.2% in June, compared with the same month of last year, to …
The post US container imports fall 10% in June, but west coast ports pull...
https://theloadstar.com/us-container-imports-fall-10-in-june-but-west-coast-ports-pull-traffic-back/
US east coast ports jockey for potential multibillion dollar offshore wind business
The US port of Virginia is preparing for a lengthy spell of handling materials and equipment for the establishment of offshore wind energy projects.
Last Tuesday, the port’s board of commissioners gave its unanimous blessing to a proposed agreement with Danish offshore wind specialist Ørsted to lease a portion of the Portsmouth Marine Terminal.
The lease is to support the company’s work on the Coastal Virginia Offshore Wind project with Dominion Energy, …
The post US east coast ports jockey for...