Port Houston reports record July for TEU volumes
Port Houston has announced record container volumes in July with a total of 344,163 TEUs, a 5% increase from July 2022. Additionally, 2,202,538 TEUs were handled at Port Houston terminals during the first seven months of the year, translating to a slight 1% decline over the same period in 2022. In July, loaded import volumes […]
CSX CFO downplays UAW strike threat
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Rail operator CSX CFO Sean Pelkey last week shrugged off the potential risk related to a looming strike in the auto industry, saying he was confident his company would be able to weather negative impacts. Speaking at […]
Beira reports new monthly throughput record
One of sub-Saharan Africa’s best-run ports, ranked sixth out of 35 ports in the region by the World Banks’ Container Port Performance Index (CPPI) released in May, continues to exceed expectations through its operator, Cornelder de Moçambique. According to the concession company, the port’s container terminal (CT) has achieved a new record of volume handled […]
Port of Valencia sees container fall in July
Port Authority of Valencia shows a year-over-year drop of 6.91% in the number of July containers managed by the Spanish port and a fall of 9.15% in terms of tonnage. On the other hand, the imports of boxes showed a positive trend, growing by 3.95% this month, in comparison to the same month in 2022. […]
Parcel delivery provider Sendle speeds up shipping services
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Parcel delivery company Sendle is picking up speed with the launch of two-day and three-day guaranteed shipping services in the U.S., according to announcements last month. Pricing varies by distance traveled and package size. The […]
Ro-ro giant grows with four new vessels ordered
Roll-on roll-off (ro-ro) shipping specialist, Wallenius Wilhelmson, has signed a letter of intent for the delivery of four 9 350 CEU methanol-capable and ammonia-ready vessels, to be delivered from mid-2026 and onwards by Jinling Shipyard (Jiangsu). It has also finalised individual options for an additional eight vessels. “We are securing our position as our customers’ […]
Tankers collide in Suez Canal, awakening memories of Ever Given nightmare
Two tankers collided on the Suez Canal last night (22 August) blocking the canal traffic for a few hours. The Suez Canal Authority deployed tugboats to move the two ships and the movement along the canal resumed. The vessels involved in the accident were Burri, a Cayman island tanker, and the BW Lesmes, a Singapore-flagged LNG […]
Under Armour inventory up 38% as stock struggles roll on
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Under Armour is still wrestling with heavy stock levels and promotions as it navigates a sector that executives said is still shedding inventory. At $1.3 billion, inventories were up 38% from last year in the […]
Over €1.8 billion committed to hydrocarbon industry in Moz
Oil companies operating in Mozambique have committed over €1.8 billion to hydrocarbon exploration initiatives since 2006, the nation’s state-owned oil enterprise, Empresa Nacional de Hidrocarbonetas (ENH), has said. According to ENH, these ventures are awaiting development plans or final investment determinations. In their 2022 report and financial statements, ENH said it had invested €240.5 million […]
How Does A Ghost Immobiliser Work?
Immobilisers became a standard fitting in cars across the world in the late 90s. Immobilisers in general work by preventing an ignition from starting without the presence of the correct key or fob. This has worked incredibly well to stop hotwiring, which was a significantly common type of car theft in the 80s and 90s. […]
