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Think Tank
Global Gateways: Page 33
Egypt Inks Deal with Medlog for New Dry Port and Logistics Area
Egypt currently has 22 dry ports and logistic zones, and has a goal to eventually increase that total to 32.
Oil Tankers Back Up in Red Sea After Israel Hits Tugs
While the boats have been out of service for about three weeks, port personnel are slowly bringing tankers into harbor, causing a bottleneck.
Biden, Trade Groups Praise ILA, USMX for Averting Port Strike
The NRF praised the two sides for providing certainty for supply chains, and for helping pave the way for modernization at U.S. ports.
ILA and USMX Reach Tentative Agreement on New Six-Year Master Contract
The two sides agreed to continue to operate under the current contract until the union can meet with its full Wage Scale Committee, and schedule a ratification vote.
Report: ILA, USMX Met in Secret Before Start of Official Talks
Sources told CNBC that the discussions largely centered around hammering out language surrounding automation at U.S. ports.
Moody’s Warns of Effects of Potential Dockworkers’ Strike
Diversion of future shipments to West Coast ports would become more difficult and costly if a stoppage was prolonged as ships back-up and remain unloaded, reducing available capacity.
U.S. Dockworkers, Port Employers Set to Restart Talks
The planned talks are a welcome sign for importers and exporters bracing for a labor disruption that would shut every major port on the U.S. East and Gulf coasts.
Maersk Urges Cargo Removal from U.S. Ports as Labor Talks Continue
The ILA and USMX have until January 15 to come to a deal on a new collective bargaining agreement to avert another strike at U.S. ports.
Egypt Tests New Extension for Suez Canal
The project was brought about following the grounding of the
Ever Given
in 2021, which blocked the waterway for six days and impacted billions of dollars worth of trade.
Port of Oakland Boasts Strong Finish to 2024
Data released by the port on December 26 shows that full imports increased by more than 13% year-over-year in November 2024.
Panama President Refutes Trump’s Claim of Chinese Meddling in Canal
Tolls charged for naval ships crossing the canal are based on the amount of water used and the type of ship, Mulino said.
Red Sea Disruptions Cost Egypt $7B in Suez Revenues
The Suez Canal is a vital source of foreign exchange for the $380 billion Egyptian economy, whose currency slid to a record low in the past month.
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