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.

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

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.

WindWings are large sails built with the same materials as wind turbines, and designed as a supplemental source of power for large vessels with the hopes of saving up to 30% of fuel costs.

Beyond physical expansion, the projects will also focus on implementing new technology and adopting updated terminal operating systems, including automation, at each port.

The Tiburon collected about 100,000 metric tons of Urals crude originally loaded at the Baltic Sea port of Ust-Luga from a similar-sized vessel, the Lucia, over the past week.

The new, sustainable version of “intermodal” could mean combining road and rail with coastal and inland water whenever possible

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).

Twenty-eight percent of those surveyed foresee a decline in container prices in August while another 30% think prices will remain unchanged.

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