containers News Updates

DP World Plc said workers’ personal information was stolen in the November cyberattack on the port operator’s Australian business.

Twin Southern California ports Long Beach and Los Angeles reported solid year-over-year increases in cargo container volume in October.

The container shipping industry, after two years of record-high freight rates and slow deliveries, is seeing its boom become a bust due to oversupply following the COVID-19 demand highs.

DP World Plc is struggling to work through a backlog of 30,000 shipping containers piled up at ports across Australia as the company resumes operations after a cyberattack.

Two of the nation’s largest ports on the Pacific Coast bounced back in September with strong container volume numbers.

Cargo freight volumes in July remain depressed and well below 2022’s record levels, especially at West Coast ports.

Container volume was lower in June when measured against year-ago levels at ocean cargo facilities on the West and East Coasts, but some signs of improvement can be seen.

The slump in container volumes at ports on the East and West coasts continued in April as some of the largest facilities saw year-over-year double-digit drops.

Political tensions between the U.S. and China are contributing to lower container shipments between the world’s two largest economies, says Ocean Network Express CEO Jeremy Nixon.