The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia, is down by 9.4% to $1374.8/40ft container [updated Thurs, 09 Nov 17]

South Carolina Ports Authority reported its strongest October on record, with 184,804 twenty-foot equivalent container units (TEUs) handled last month.

Fiscal year-to-date TEU volume is up 5 percent, with 724,799 TEUs handled since the Port’s fiscal year began in July.

Constituent Update

November 3, 2017

Today, the U.S. Food and Drug Administration (FDA) announced the availability of a guidance designed to give certain co-manufacturers more time to meet supplier approval and verification requirements under three FDA food safety regulations.

China’s commerce ministry said on Wednesday it has granted conditional approval for Maersk Line’s planned acquisition of Hamburg Sud.

Maersk Line, the world’s biggest container shipping company, will pay 3.7 billion euros ($4.3 billion) to buy German rival Hamburg Sud.

International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2017 posting revenue from port operations of US$918.3 million, an increase of 10 percent over the US$835.0 million reported for the first nine months of 2016; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$434.9 million, 11 percent higher than the US$390.3 million generated in the first three quarters of 2016; and net income attributable to equity holders of US$149.3 million, up five percent from the US$141.9 million earned in the same period last year due to the continuing ramp-up at the new terminal in Matadi, Democratic Republic of Congo (DRC); strong operating income contribution from the terminals in Iraq, Mexico, Honduras, Brazil and Madagascar; and the one-time gain on the termination of the sub-concession agreement in Lagos, Nigeria.

St. Lawrence Coordinated Service 2 (AT2) : Void Sailings – Toronto Express / OOCL Montreal

East Coast loop 3 (EC3) – Transpacific Schedule Update

In response to the traditional changes during the winter season, Hapag-Lloyd will implement the following void sailing, affecting the US East Coast, as noted below:

This service enables the creation of a logistics bridge between Pancorbo hinterland and the Port

Today, the Pancorbo rail-port logistics terminal (TELOF) received the first container train that will link it on a regular basis with the Port of Bilbao.

Trieste Marine terminal has upgraded its terminal operating system to Navis, one of the most modern and efficient software on the market.