Drewry: 2019 another solid year for container market
The industry’s supply-demand balance will benefit from a reduced appetite for ultra large container vessels (ULCVs) among the major carriers, according to shipping consultancy Drewry.
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Steady industry growth and surge in digitalisation a recipe for success at PSA
Singapore box terminal operator PSA handled 81m teu last year across its global network, growth of 9.1%, with international volumes increasingly dominating its throughput profile.
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As FDA shutdown drags on, supply chain risk grows
Four weeks into the federal government shutdown, a new worry has emerged: the U.S. Food and Drug Administration’s food-safety inspections.
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Fewer mega-containerships arriving will help balance supply and demand in 2019
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.
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New rail facility at New York-New Jersey port seeks to reduce truck traffic
A decades-long plan to reduce congestion on New York and New Jersey roads and bolster traffic at the states' shared port culminated Monday when service began at a new Port Jersey rail facility, according to a press release from the Port Authority of New York and New Jersey.
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