CMA CGM to expand Abu Dhabi terminal as capacity maxes out
‘Spectacular’ growth at the Persian Gulf terminal has brought forward expansion plans that will increase handling capacity by almost 50%.
‘Spectacular’ growth at the Persian Gulf terminal has brought forward expansion plans that will increase handling capacity by almost 50%.
Cargo owners typically balk at paying more for ocean transport, but the significantly improving schedule reliability from the Maersk and Hapag-Lloyd partnership is getting the attention of the market.
The carriers shared suggested ship-by dates for services like Ground Advantage, Next Day Air and Ground Economy to ensure delivery before Christmas.
The move represents the latest effort by the two railroads to jointly convince shippers to shift more truckload freight to rail by addressing intermodal’s slower transits.
Stephen Edwards’ five-year tenure at Norfolk is marked by major capacity expansions at its two marine terminals, along with new vessel and rail services.
The yawning imbalance between China’s import and exports is another way functional ocean capacity, like with port congestion, is being sapped by forces beyond the control of ocean carriers.
If finalized, the pacts would cut tariffs on imports from Switzerland to 15% and offer exemptions for certain goods from Argentina, Ecuador, El Salvador and Guatemala.
Current plans call for the development of a 600-meter quay and a 49-acre backup ecosystem able to handle 800,000 TEUs annually.
Europe’s third-largest port offset a sharp drop in US trade with solid increases in imports from China, Malaysia and India, while seeing big gains in intra-Europe volumes.
The automaker also began production at its $13.9 billion battery plant in North Carolina on Wednesday, serving as its first battery supply hub outside of Japan.