Port of Los Angeles gets financial aid to accelerate container handling
The US federal government sets out to improve conditions at the west coast’s most important container harbor in Los Angeles. Truck access roads and railways will see improvements in order to avoid bottlenecks in the future.
Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.
Demand on the majority of busy container routes is now at its lowest level in three years, an influential analyst bureau reports, saying volumes may continue to plummet beyond the Chinese New Year in February.