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Global Gateways: Page 53

Tanker With Ties to Israeli Billionaire Ofer Boarded Off Yemen

The incident is the latest in a string of attacks since Iranian-backed Houthi rebels in Yemen issued a threat to target ships until Israel’s military operation against Hamas ends.

Image: iStock.com/PeterHermesFurian

Climate Neutral Island Supply Vessel Commissioned for Marshall Islands

The ship is equipped with a semi-automated INDOSAIL wind propulsion system, enabling it to reach a speed of roughly 12 knots with a sailing area of 500 square meters.

Photo: iStock.com/SHansche

Cargo Volumes Rise for Third-Straight Month at Port of LA

Through the first ten months of 2023, the Port has processed 7,123,900 TEUs, which represents a 16.6% drop-off when compared to the same period in 2022.

Los Angeles, California. Photo: iStock / KKStock

Israeli Vessel’s Capture Reignites Fears Over Mideast Shipping

While the impact of the Israel-Hamas war has been contained so far, markets have been wary that the fighting will draw in other nations in the region, particularly Iran.

Photo: iStock.com/Yuliia Bukovska

U.S. to Build $553M Deep-Water Shipping Terminal in Sri Lanka

The Port of Colombo has been operating near its capacity since 2021, meaning the new terminal will enable the continued growth of economies located in the Bay of Bengal.

Colombo, Sri Lanka. Photo: iStock.com/joyt

Global Freight Recession Continues into 2024 CNBC Survey Predicts

Those interviewed said they expect a rebound during the second half of 2024 with half of the participants saying they believe freight volumes will increase by 5% during that period.

Photo: iStock.com/Kosal Hor

ONE Completes Stake Acquisition of TraPac, YTI and RWG

ONE now has a presence in Northern Europe, Southeast Asia and the West Coast of the U.S. following these recent acquisitions.

Photo: iStock.com/DINphotogallery

Biden Administration Awards $653M in Grants to Upgrade U.S. Ports

Officials for the Biden administration said the projects will allow ports to meet increased shipping demands while improving worker safety and lowering costs for consumers.

Tacoma, Washington. Photo: iStock.com/gmc3101

St. Lawrence Seaway Expected to Open Again

The agreement is set to be ratified by employees in the coming days, but workers are set to return to work on the morning of October 30.

Photo: iStock.com/LaSalle-Photo

Contract Talks to Resume October 27 in St. Lawrence Seaway Strike

Negotiations between the sides broke down during the weekend of October 21, which led to about 360 workers walking off the job shortly after midnight on October 22.

Photo: iStock.com/LaSalle-Photo

Port of LA Cargo Volumes Beat out 2022 Figures for Second Straight Month

Despite the rises in monthly volumes, the total for the first nine months of 2023 was 6,398,126 TEUs, an 18.6% decrease from the same period last year.

Photo: iStock / viavado

Pakistan PM Wants to Make the Country into a Trade, Transit and Transport Hub

At a forum held during the 2023 Belt and Road Forum in Beijing, China, PM Kakar said that the country has already operationalized its deep seaport of Gwadar.

Photo: iStock.com/Aleem_khan

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