Mindanao Container Terminal (MCT), owned by International Container Terminal Services, Inc. (ICTSI), has received the first call of SITC’s new China-Philippines Express 7 (CXP7) service. According to ICTSI, the new…
The African Development Bank (AfDB) Group’s Board of Directors has approved a $135 million grant to the Union of the Comoros to promote a major international and regional trade initiative. The project is partially…
The Port of Tanjung Pelepas (PTP) has set a new record by handling 1.11 million TEU in July. PTP’s previous high of 1.07 million TEU, achieved in May of the same year, is followed by this new record. Tan Sri Che Khalib…
Truck transportation jobs fell in July for the fourth consecutive month and now are 30,000 jobs less than where they stood a year ago. The four-month sequence of job declines in the truck transportation sector reported…
The city of Laredo, Texas, recently passed an ordinance requiring all trucking companies using the World Trade Bridge to have $100 minimum in their automated vehicle identification (AVI) accounts in order to pay crossing…
A.P. Moller – Maersk (Maersk) has reported unaudited revenue of $12.8 billion, underlying EBITDA of $2.1 billion and underlying EBIT of $756 million (reported EBIT of $963 million) for Q2 2024. The shipping giant has…
Gaztransport & Technigaz (GTT) has won two contracts from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to develop cryogenic fuel tanks for 12 new LNG-fuelled container vessels on behalf of CMA CGM. Under the…
The Port of Virginia closed fiscal year 2024 (FY2024) having processed 3.5 million TEU, a 2 per cent increase over FY2023 and the second-best fiscal year performance in the port’s history. The port is reportedly making…
Welcome back to Fluctus for a feature on the career path of the mariners working in the cargo containership, as well as the perks and challenges of working miles away from the…
WASHINGTON – Senate Republicans have effectively killed tax legislation with truck-friendly provisions that had bipartisan support when it passed the House in January. The Tax Relief for American Families and Workers Act…
The Georgia Ports Authority (GPA) handled 5.25 million TEU units in fiscal year (FY) 2024, which ended on 30 June 2024. The performance constitutes a decrease of 2.3 per cent or 123,000 TEU compared to the previous year…
These are some highlights from the second-quarter earnings of Werner Enterprises (NASDAQ: WERN), prior to its earnings call with analysts late Tuesday. Total revenues were down 6% from the second quarter of 2023…
The Port of Virginia closed fiscal year 2024 (FY2024) having processed 3.5 million TEU, a 2 per cent increase over FY2023 and the second-best fiscal year performance in the port’s history. The port is reportedly making…
Containers safely house cargoes transported on ships. Containers are measured in TEUs (twenty-foot equivalent unit). A TEU is 20-feet long, 8-feet wide, and 8-feet tall. Two TEUs…
