Fresh investment from DP World will help reduce congestion and slash the average stay for a vessel to 24 hours from five days.

Pipavav port, operated by APM Terminals, resumed landside operations, the company said in a statement late June 16, though marine and quay-side operations remained suspended.

The Port of Los Angeles handled 779,140 Twenty-Foot Equivalent Units during May 2023, a 60% increase when compared to February 2023.

HMM's FIL port rotation now includes Busan, Shanghai, Ningbo, Shekou, Jakarta, Singapore, Kattupalli, Santos, Paranaguá, Itapoá, Navegantes, Buenos Aires, Montevideo and Hong Kong.

President Joe Biden, in a statement released the evening of June 14, hailed the tentative agreement as proof that “collective bargaining works."

The International Longshore and Warehouse Union agreed to a new, six-year collective bargaining contract with the Pacific Maritime Association on June 14, 2023.

Over 99% of ILWU Canada members voted in favor of strike actions with the earliest possible start date reportedly being June 24, 2023.

Acting Labor secretary Julie Su is reportedly encouraging the union and port managers “to stay at the table and reach an agreement."

“We urge you to appoint an independent mediator to help the parties reach a voluntary agreement,” wrote Chamber president Suzanne Clark in a June 9 letter to President Biden.

Due to a drop-off in consumer demands over the last 12 months, 36.1% of small- and medium-sized businesses are now faced with excess inventories.