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Port of Los Angeles Sets New Western Hemisphere Cargo Record in 2018

Container throughput at the Port of Los Angeles rose to a record 9.45 million TEU in 2018, solidifying Los Angeles’ spot as the Western Hemisphere’s top port for containerized cargo. In total, the Port tallied 9,458,749 Twenty-Foot Equivalent Units (TEUs) during 2018, up 1.2 percent more than 2017’s record-breaking year. The year marked the third […]

IMB Piracy Report: Worldwide Piracy Increases 2018 as Gulf of Guinea Attacks Surge

Maritime piracy increased across the globe in 2018, especially in West Africa as attacks against ships and crews continue to pose danger to seafarers, the International Chamber of Commerce’s International Maritime Bureau’s (IMB) said in its latest annual piracy report. Worldwide, the IMB Piracy Reporting Centre (PRC) recorded 201 incidents of maritime piracy and armed […]

Carriers Show Reduced Appetite for Megaship Orders, Drewry Says

By Mike Wackett (The Loadstar) – A “reduced appetite” for ordering ultra-large container vessels (ULCVs) and carriers instead aspiring to become global logistics integrators could finally balance container capacity supply with demand, according to new analysis from Drewry. Indeed, at the end of last year Maersk’s chief executive, Soren Skou, told The Financial Times: “We for […]

Photos: Fire-Stricken Yantian Express Spotted in Atlantic Ocean

We’re getting our first good look at damage to the Hapag-Lloyd ship Yantian Express after a container fire broke out on January 3 during a trip across the Atlantic Ocean en route to Halifax, Nova Scotia. The ship was spotted Tuesday, January 15, as the 7,510 TEU-capacity containership was under tow to Halifax by the […]

May’s Brexit Deal Suffers Stinging Defeat in Parliament

By William James, Kylie MacLellan and Elizabeth Piper LONDON, Jan 15 (Reuters) – British lawmakers defeated Prime Minister Theresa May’s Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a reversal of the 2016 decision to leave. After parliament […]