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Moody's: Negative outlook for global shipping industry with profits 'on track to slide by 70% next year' from record highs; Baltic Dry Index down by over a third from a year ago and container prices have fallen every week since peaking at start of 2022
Published: October 04, 2022 by The Daily Telegraph
BNSF to invest over US$1.5B to build approximately 4,500-acre rail facility in Barstow, California, to enable direct transfer of containers from ports of Los Angeles, Long Beach to trains to Barstow; facility is first to be developed by a Class 1 railroad
Published: October 03, 2022 by Business Wire
MSC connects Florida's Port Everglades with direct weekly connections from northern China, South Korea for the first time since 2011; service route starts in Shanghai to Ningbo and Busan and touches base at ports of Houston and Savannah
Published: October 03, 2022 by Contify Energy News
Maersk Container Industry appoints chief commercial officer Soren Leth Johannsen as new CEO, effective November, to replace Sean Fitzgerald, who has stepped down; Johannsen has been with MCI for the last 17 years and has held the role as CCO since joining
Published: October 03, 2022 by A.P. Moeller-Maersk A/S (Maersk)
Massachusetts Port Authority invests nearly US$850M to upgrade Port of Boston to accommodate bigger ships; Conley Terminal now offers direct connectivity to China, North Europe, Southeast Asia, Mediterranean, Middle East and LatAm through five services
Published: September 30, 2022 by The Maritime-Executive

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