Reefer container builders take a hit

Container shipping companies, including CMA CGM, Ocean Network Express (ONE), and COSCO, are invoking force majeure due to the impacts of ongoing ILA strike.

CMA CGM has signed an agreement to acquire a 48% stake in Santos Brasil, a multi-terminal operator managing key assets across Brazil’s ports.

With a potential strike by the International Longshoremen’s Association (ILA) approaching, industry stakeholders are implementing contingency plans.

Konecranes to supply five hybrid rubber-tired gantry cranes to CMA CGM Kaohsiung Terminal in Taiwan, with delivery set for mid-2025.

The Los Angeles Harbour Commission has approved a US$ 52 million on-dock rail project at Fenix Marine Terminal.

CMA CGM Air Cargo received its third Boeing 777-200F, expanding the company’s network with a new transpacific route, connecting Hong Kong, Chicago, and Seoul.