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Global Gateways: Page 55

Los Angeles Welcomes Ratification of ILWU Contract

Port of Los Angeles Executive Director Gene Seroka thanked the 22,000 members of the ILWU for ratifying the six-year contract.

The Port of Los Angeles, Los Angeles, California. Photo: iStock.com/viavado

South Korea Pledging More Financial, R&D Support for Shipbuilding

As part of the country’s three-pronged plan, the amount of government support issued for ship construction will increase from $91 million to $300 million.

Busan Shipbuilding & Offshore Co., Ltd. shipyard on Geoje island in the Harbor of Busan, South Korea. Photo: iStock.com/IgorSPb

Ocean Carrier EBIT Fell by 90% Year-on-Year During Q2 2023

Orient Overseas Container Line (OOCL) had the largest EBIT per TEU during Q2 2023 at $305, a massive drop-off from Q2 2022, which was over $1,500 per TEU.

Photo: iStock.com/SHansche

Globus Maritime Places $75.5M Order for Two Bulk Carriers

The company said the vessels will be built at a "reputable Japanese shipyard" and delivered during the second half of 2026.

Photo: iStock.com/GlenJ

Port of LA Cargo Volumes Fell in July After Near Record-Breaking June

Through the first seven months of 2023, the Port of Los Angeles has processed 4,821,670 TEUs, a 24% drop from the same period in 2022.

The Port of Los Angeles, Los Angeles, California. Photo: iStock.com/viavado

MSC Could Face Charges for Allegedly Overcharging Customers

The FMC audited MSC’s D&D charges in 2021 after receiving claims that the company issued the same daily rate for both operating and non-operating reefers (NORs).

Port of Los Angeles. Photo: iStock.com/jgroup

U.S. Cargo Volumes in August Likely to Be Highest in Almost a Year

U.S. ports are expected to handle 2.03 million TEU during August, marking the first time American ports have handled over 2 million TEU since October 2022.

Photo: iStock.com/waleed ahmed

ILWU Canada Ratifies Labor Deal

The British Columbia Maritime Employers Association ratified the agreement on July 31.

Ships at the Port of Vancouver during a dockworkers strike on July 5. Photographer: Jimmy Jeong/Bloomberg

Ukrainian Naval Drones Attack Russian Black Sea Port

The strike on August 4 came after Russia hit numerous port and grain-terminal targets, disrupting Ukraine’s ability to export grain.

Photo: iStock.com/IherPhoto

Suez Canal Tugboat Sinks After Collision Leaving One Person Missing

A salvage team rescued six of the seven crew from the sunken tugboat, and a search was ongoing for the missing crew member.

Suez Canal. Photo: iStock.com/IgorSPb

Global Grain Prices Soar Following Russian Attack on Ukrainian Port

The EU warned developing countries that Russia would begin offering cheap grain as a way to create new dependencies stemming from economic vulnerabilities and global food insecurity.

Photo: iStock.com/Iryna Mylinska

The Importance of Investing in Ports for the Future of the Supply Chain

Reliable logistical information depends on seaports with technological systems that move containers without delays.

Photo: Port of Virginia

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