36 articles · page 2
DP World continued its strategic expansion in 2023 through key acquisitions in logistics and significant investments in terminal infrastructure across various regions. These moves reinforce its integrated supply chain capabilities and global network.
DP World announced a significant increase in revenue and EBITDA for the first half of 2023, alongside a rise in container volumes across its global portfolio. This performance underscores the company's resilience amid market challenges.
DP World launched a comprehensive decarbonization strategy in 2023, committing to achieving net-zero emissions by 2050, alongside participating in global sustainability initiatives. The strategy focuses on significant reductions in carbon emissions across its global operations.
The Port of Dover successfully navigated significant operational challenges in 2022, including industrial action and severe congestion, while reporting an improved financial performance and continuing strategic infrastructure investments.
Throughout 2022, the Port of Dover actively managed the ongoing implementation and evolution of post-Brexit border control requirements, particularly concerning new UK import checks and trade facilitation. The port worked to streamline operations amidst changing regulations and increased scrutiny.
The Port of Dover experienced significant and widespread traffic congestion in July 2022, leading to extensive delays for both passenger and freight vehicles. Thousands of travellers faced hours-long waits, primarily attributed to heightened border checks and peak summer demand.
In a controversial move, P&O Ferries terminated approximately 800 UK-based seafarers without notice, replacing them with agency workers, leading to immediate suspension of vital Dover-Calais routes. The decision triggered widespread condemnation and significant operational disruptions at the Port of Dover.
The unprecedented growth of e-commerce continued throughout 2021, profoundly impacting global logistics and supply chains, particularly in warehousing and last-mile delivery. This surge necessitated rapid adaptation and investment in new fulfillment strategies.
Throughout 2021, global container freight rates surged to unprecedented levels, driven by a combination of robust consumer demand, severe port congestion, and persistent equipment shortages. This volatile environment challenged logistics operations worldwide.
The global maritime industry intensified its focus on decarbonization throughout 2021, with various stakeholders launching initiatives to develop and adopt alternative fuels and accelerate the transition towards zero-emission shipping. This marked a significant step in addressing environmental concerns.
In response to unprecedented cargo surges and congestion, key U.S. ports like Los Angeles and Long Beach announced substantial investments in terminal expansions, dredging projects, and intermodal connectivity throughout 2021. These initiatives aim to bolster port capacity and improve operational fluidity.
The colossal container ship Ever Given was successfully refloated in late March 2021, allowing the resumption of traffic through the Suez Canal after nearly a week of blockage. The incident caused significant global supply chain disruptions and delays for hundreds of vessels.
Following an initial pandemic-induced slump, the latter half of 2020 saw an unexpected surge in global container shipping demand, primarily driven by a booming e-commerce sector and shifting consumer spending patterns. This rebound created significant capacity constraints and equipment shortages.
By mid-2020, travel restrictions imposed to combat the COVID-19 pandemic had exacerbated a critical crew change crisis, leaving hundreds of thousands of seafarers unable to disembark or join vessels, creating significant welfare and operational issues. This humanitarian situation drew international concern.
The onset of the COVID-19 pandemic in early 2020 led to widespread factory closures in Asia, severely disrupting global supply chains, reducing container volumes, and creating immediate challenges for ports and logistics networks worldwide. This initial shock reverberated through international trade.
The International Maritime Organization's (IMO) 2020 sulfur cap for marine fuel came into effect, significantly altering the marine fuel landscape and operational costs for shipping lines worldwide. This regulation aimed to reduce air pollution from ships by limiting sulfur content in fuel oil.
We use cookies to improve your website experience. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Use.