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Global Gateways: Page 40

Container Carrier Profits Soar on Record Volumes, Higher Rates

Demand has been especially strong in the U.S., where retailers and other importers are stocking up at warehouses amid worries about new tariffs a possible dockworkers strike.

A container ship at the Port of Felixstowe. Photographer: Chris Ratcliffe/Bloomberg

Maryland Awards $73M Contract to Start Rebuilding Collapsed Baltimore Bridge

The M/V Dali crashed in the Key Bridge on March 26, killing six maintenance workers and sending the bridge into Baltimore's main shipping channel in pieces.

The wreckage of the Dali container ship. Photo: David Adams, U.S. Army Corps of Engineers

Port of Portland Delivers Plan to Keep Container Service Running at Crucial Terminal

The port had announced plans in April to shut down container intake at T6 by October, after the terminal experienced $30 million in losses over three years.

Photo: Port of Portland

Indian Port Workers Agree to Deal on Eve of Planned Strike

The union representing 20,000 workers at India's 12 major shipping hubs had initially planned to go on strike indefinitely on August 28.

India's Port of Mumbai. Photo: iStock / mgstudyo

Climate Change and the Coming Storm for U.S. Ports

NOAA predicts that by the end of November, this year's hurricane season could rank among the busiest on record.

Photo: iStock / FrankRamspott

Panama Canal Eases Limits That Caused Global Shipping Bottleneck

The Panama Canal Authority has increased the draft in the waterway to a maximum 50 feet and will allow 36 vessels a day to transit.

Several freighters, assisted by tugboats, entering the Panama Canal at Gatun Locks on the Atlantic side. Photo: iStock / searagen

Greek-Operated Oil Tanker Safe at Anchor After Red Sea Missile Attack

The Sounion was attacked while sailing through the waterway and suffered minor damage, its owner and operator Delta Tankers said.

Photographer: Christopher Pike/Bloomberg

Twin Strikes at U.S. Ports, Canada Railways Would 'Create Chaos in North America'

Ahead of looming deadlines, it's unclear whether either situation will resolve in time to avert these twin crises, or how long any potential work stoppages might last.

Photo: iStock / halbergman

Maersk to Invest $2B in Pakistan Ports, Transport

The investment will contribute to the development of infrastructure, and play a vital role in boosting Pakistan's economy, said Pakistan’s Minister for Maritime Affairs, Qaiser Ahmed Sheikh.

Pakistan International Container Terminal-PICT. Photo: iStock/Wirestock

Busiest U.S. Ports Absorb Import Surge Nearing Pandemic-Era Frenzy

It's hard to know whether peak shipping season started early, and trade volumes will level off soon, or if importers will continue bringing in more than usual.

Los Angeles, California. Photo: iStock / KKStock

Port of Los Angeles Handles Record Cargo Volumes in July

Staring down the looming threat of a work stoppage at East/Gulf Coast ports, retailers have opted for earlier shipping schedules in 2024.

Photo: istockphoto.com/portfolio/adibilio

Oil Tanker Attacked Three Times in Single Day in Red Sea

Houthi rebels have not claimed responsibility for the attacks, but have targeted at least 70 other ships in the Red Sea since October of 2023.

Photo: iStock / JeanUrsula

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