Shipping
Global schedule reliability continues to increase in 2025
Global schedule reliability continues to increase in 2025
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Gebrüder Weiss expands into Thailand
DP World, VIMC Lines launch domestic coastal logistics service
Singapore, France ink enhanced maritime partnership agreement
CMA CGM launches first fully-electric container barge in Vietnam
MSC container ship sinks off India coast
Port of Savannah container trade up 17% in April
DP World to launch US$2.5B logistics infrastructure investment in 2025
Port of Long Beach sees record April, warns of sharp May drop amid tariff impact
Suez Canal introduces rebates to regain containership traffic
CMA CGM warns extended China-US tariffs could disrupt global trade
U.S. slashes ‘de minimis’ tariff on small China parcels to 30%
LA, Long Beach ports warn of continued tariff uncertainty
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Yang Ming: US-China trade deal may spur demand, but uncertainty persists
US-China tariff pause offers temporary relief, could fuel another frontloading rush
Transpacific shipping faces capacity cuts as trade war escalates
Houthi ceasefire raises prospect of container traffic returning to Red Sea
Kale Logistics to develop Oman's national port community system
PSA BDP takes majority stake in Mexico’s ED Forwarding
Xeneta: ‘Ships for America Act’ adds more uncertainty to container shipping market
JAFZA marks 40 years with record US$190B in trade
Seafrigo expands multi-modal services to support global expansion
US port fees to have minimal impact on Transpacific niche carriers
Port fo NY/NJ is busiest US port in March
S&P: Liner shipping contributes US$1.1T to U.S. GDP
deugro Thailand delivers critical reactors for sustainable fuel production
Emirates Shipping Line joins World Shipping Council
Japanese shipyards may benefit from US port fees on Chinese vessels
MOL opens office in Washington, D.C.
Red Sea disruptions push shipping carbon emissions to record high in 2024
Port of LA expects a double-digit volume decline in the second half amid tariffs
DP World sources 65% of its electricity from renewables in 2024
Hapag-Lloyd: 30% of China’s US-bound shipments canceled
Port of Antwerp-Bruges says impact of US tariffs minimal for now
COSCO says planned US port fees threaten shipping, global supply chains
Yang Ming extends lease at Kaohsiung Port, acquires new containers
Transpacific sees surge in blank sailings amid escalating tariffs
UNCTAD: Global economic growth may slow to 2.3% amid mounting pressures
Port of Long Beach becomes the busiest U.S. port in Q1
IMO approves net-zero regulations for global shipping
India ends transshipment facility for Bangladesh exports
US softens stance on proposed port fees for Chinese vessels
Adani’s Colombo Terminal commences operations
Gemini shuttles hit 98% schedule reliability in February
Airfreight demand from China, Hong Kong to the US declines as rates rise
ZIM signs long-term charter deals for 10 LNG-powered 11,500-TEU vessels
Georgia Ports’ container trade grew 22.5% in March
CMA CGM inks AI deal with Mistral AI
Port of New York and New Jersey reports second-busiest February
Maersk's APM Terminals acquires Panama Canal Railway Company
ICS: Proposed US port fees on Chinese vessels to severely disrupt supply chains
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Hapag-Lloyd makes Philippine inaugural at ICTSI Manila
Yang Ming acquires three methanol dual-fuel ready vessels
Maersk shares updates on upcoming US reciprocal tariff plan
ONE highlights need for adaptability in volatile markets
WorldACD: Global air cargo rates rise as post-NY market rebounds
Chinese shipbuilder unveils LNG dual-fuel vehicle carrier
SATS partners with Guangtai to innovate ground support technology
SC Port's Inland Port Greer expands capacity by 50%
Hong Kong exporters remain positive despite growing trade tensions
Singapore opens applications for methanol bunkering licence
Tariff turmoil persists, though ocean freight rates continue to decline
UN agencies express grave concern over increased satellite interference
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Port of Savannah achieves busiest February on record
UK freight association seeks solutions to uninsured cargo
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MSC announces standalone East/West network
Singapore, India ink deal to boost maritime digitalisation, decarbonisation
World Shipping Council calls on the U.S. to drop its planned port fees
Port of NY/NJ secures landmark lease extension with APM Terminals
Container rates slip amid signs of overcapacity
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Sea-Intel: Major ocean carriers profitability around US$60B in 2024
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MPA, CMA CGM sign MoU to boost sustainable shipping, digital innovation
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Tianjin Port eyes increased container throughput to 35M TEUs by 2035
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PORT OF LOS ANGELES AND NAGOYA INK DEAL ON DIGITIZATION, NEW GREEN SHIPPING CORRIDOR
June 30, 2023

Officials from the ports of Los Angeles and Nagoya, Japan, have signed a new Memorandum of Understanding (MoU) to broaden cooperation on key sustainability and operational efficiency initiatives, including port community systems and digital supply chain information sharing, zero-emission vehicle and equipment testing, and a new Green Shipping Corridor between the two ports.

 

Port of Los Angeles (Port of LA) announced that the new three-year agreement builds upon the 2020 MoU.

 

"Today marks another major milestone in the longstanding partnership between the ports of Los Angeles and Nagoya," said Gene Seroka, executive director at Port of Los Angeles.

 

"This agreement is a testament to the success that can be achieved when ports commit to work together, share ideas and advance mutual priorities," he added.

 

Yuji Kamata, executive vice president of the Nagoya Port Authority, noted that the agreement "paves the way to advance environmental sustainability and operational efficiencies at both of our ports."

 

"We look forward to further cooperation with the Port of Los Angeles so that both ports can further prosper as we move toward a new era of achieving carbon neutrality," Kamata said.

 

The new three-year MoU involves sharing best practices and exchanging information on issues of operational efficiencies, such as the development, deployment and promotion of port community systems for end-to-end supply chain information sharing.

 

These include the Port Optimizer™, which has been in use at the Port of Los Angeles since 2017 and has helped revolutionize the Port's ability to plan, forecast and track cargo on a real-time basis.

 

Under the new agreement, both ports also agreed to continue collaborating on the development and testing of zero-emission vehicles and equipment; environmental initiatives focused on terminal operations, ships in port and drayage trucks; and on energy use and alternative energy sources.

 

New Green Shipping Corridor

 

Port of Los Angeles added that central to sustainability efforts in the agreement will be the establishment of a new Green Shipping Corridor in the coming years, guided by a port decarbonization plan.

 

This endeavour will focus on the reduction of greenhouse gas emissions from cargo movement between Nagoya and Los Angeles and encourage the use and promotion of low and zero-carbon ships and fuels.

 

Aside from the Port of Nagoya, the Port of Los Angeles has already earlier signed a Green Shipping Corridor with the Port of Tokyo, the Port of Yokohama, the Port of Shanghai, and the Port of Singapore.