A planned strike at India’s major ports was canceled after workers accepted a new five-year contract. Nearly 20,000 workers were set to walk out on August 28. Reuters reported that Unions agreed to an 8.5% pay raise over five years, down from their initial 10.6% demand. The deal ends talks that began in 2021 when
The Ningbo Beilun Phase III Terminal has reopened and is operating normally. The port had shut down for two-and-a-half days after a container holding hazardous goods exploded on the YM Mobility containership docked at Ningbo-Zhoushan port on August 9. There were no casualties, and all crew members were found safe. Ningbo-Zhoushan is China’s second busiest
Dockworkers at India’s 12 largest ports plan to strike indefinitely starting August 28. The decision for a nationwide strike follows seven rounds of unsuccessful negotiations. A joint statement released by the six labor organizations representing dockworkers said port labor contracts had expired in December 2021. The unions have formally notified the port authorities and government
Most of the world’s 30 largest container ports saw revenue growth in the first half of the year, except for three. According to Alphaliner’s report on container throughput in the first half of this year, Hong Kong, Xiamen, and Hamburg experienced declines of -4.5%, -4%, and -1.2%, respectively. Hong Kong, once the 10th largest container
The upcoming contract season brings uncertainty for shippers. Maersk and Hapag-Lloyd are leaving their current alliances, 2M and THE Alliance, in February to form the Gemini Cooperation. The shakeup in ocean alliances will likely impact contract negotiations, says James Hookham, director of the Global Shippers Forum. Shippers are undecided over which alliance to utilize for
For air cargo carriers and forwarders, as well as those involved in automotive logistics, there is significant business potential in this specialized segment of the airfreight industry. However, there are also challenges that need to be addressed. Lufthansa Cargo, a part of Germany’s national airline group, transports automotive spare parts and vehicles worldwide. The company’s
Container shipping capacity has increased by 1.6 million TEU since the beginning of 2024, marking an 11% year-over-year increase to 29.5 million TEU. According to Niels Rasmussen, chief shipping analyst at BIMCO, this is the fastest growth in 15 years. The 12,000-17,000 TEU ship segment has expanded the most, making up 22% of the container
The Port of Long Beach is expanding its rail yard in a $1.5 billion project called “America’s Green Gateway”. The project will triple the port’s rail cargo capacity, connecting it to 30 major rail hubs across the U.S. By improving rail operations and decreasing reliance on cargo trucks, the expansion aims to reduce environmental impacts,