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Top related persons:
Germany's Hapag Lloyd - 1 Nagel - 1
Top related locs:
Dundalk Baltimore , Maryland U.S London Swiss East Coast Gulf Coast
Top related orgs:
Dundalk Marine - 1 Moller - 1 Maersk - 1 U.S - 1 dockworkers - 1 United States Maritime Alliance - 1 International Longshoremen's Association - 1

Search resuls for: "Dundalk Marine"


2 mentions found


☆ Maersk slumps 7% as the end of U.S. port strikes weighs on European shipping stocks
  + stars: | 2024-10-04 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +1 min
An aerial view of the Dundalk Marine Terminal October 03, 2024 in Baltimore, Maryland. Shares of Moller-Maersk slumped more than 8% on the Friday market open as European shipping companies fell on the conclusion of a U.S. port strike. A prolonged strike would have provided a boost for European shippers to take a larger share of global supply chain demands. Maersk shares pared losses slightly to trade down 7.05% by 9:05 a.m. London time. Thursday's deal ended a strike that had choked U.S. East Coast and Gulf Coast ports since the start of the week and threatened U.S. supply of fruits, pharmaceuticals and automobiles, among other goods.
Persons: Germany's Hapag Lloyd, Nagel Organizations: Dundalk Marine, Moller, Maersk, U.S, dockworkers, United States Maritime Alliance, International Longshoremen's Association Locations: Dundalk, Baltimore , Maryland, U.S, London, Swiss, East Coast, Gulf Coast
☆ East Coast ports including New York are winning a domestic trade war at the expense of California
  + stars: | 2022-12-15 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +10 min
According to ITS Logistics which monitors rail cargo trends, the volume of freight moving out of the East Coast doubles that of the West Coast. East Coast ports making major investments East Coast ports like Georgia, Virginia and Maryland have been increasing their investment to accommodate the increase in rail capacity. "CSX continues to see the East Coast ports as a growth opportunity as volumes shift from congested West coast gateways," said Cindy Schild, CSX spokesperson. West Coast port declinewatch nowCargo volumes on the West Coast remained soft at the Port of Los Angeles in November, which saw a 21% decrease year over year in volumes. While the East Coast gains are significant, there was a "leveling" off of imports detected on the East Coast in November, according to port TEU data from the CNBC Supply Chain Heat Map.
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