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Recent Articles

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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

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

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

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

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

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