CMA CGM acquires Fenix Marine Services

The profitability of further decarbonization efforts at US ports is uncertain due to funding reliance on grants and loans, with alternative fuel adoption also hindered by uncertainties in fuel pathways.

Ports on the east of the US face a triple challenge from the drought in Panama, the Suez Canal security issue, and the ILA’s determination to fight automation.

The west coast has some work to do to win back cargo re-routed to the gulf and east coasts, but there were encouraging signs at the Port of Los Angeles in June.

Steep decline partly attributable to the return of services to Los Angeles that were moved to Long Beach in 2022.

Grants provide funding for infrastructure upgrades, including $450M to support zero emissions projects, and $350M for grade separation at rail crossings.

Six Sany RTGs will arrive at a west coast port later this year as terminal operators look for more competition in the crane market.