MIDF Research expects MMC Corp to record a three percent growth year-on-year in TEUs (twenty-foot equivalent unit) this year, which will be driven by a 10 percent year-on-year recovery of container throughput and conventional cargoes for the groups smaller ports including Penang Port and Johor Port in comparison to a contraction of 17 percent year-on-year in 2020. To see how we process your personal data, please see our Privacy Notification. Heard on: President Joe Biden addressed was at the Port of Los Angeles on Friday. Rainbow Warrior: On a mission to rid world of plastic waste. Maersk launched the Polaris service in January 2022 connecting Brisbane, Australia to New Zealand ports Lyttelton and Timaru. DHL's Ocean Freight Market Outlook 2022-2024 report notes that carrier schedule reliability is now at an all-time low, with even the best performing carriers barely managing 45 percent 'on-time' performance and the worst falling below the 20 percent mark. Our customer support team will tailor-make your project proposal in accordance with your industry, logistic operations and specific requirements. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The IMF Press Center is a password-protected site for working journalists. Let our solution experts help Request for Data/API Red: More than 5 days delay Orange: 3 to 5 days delay Yellow: Less than 3 days delay Last updated: Fri Apr 28 2023 Ports List And not just on the West Coast. And while people often look to inventory first, this is not the only solution. The acquisition of LF Logistics is an important and truly strategic milestone on our journey to become the global integrator of container logistics; a global logistics company that provides digitally-enabled end-to-end logistics solutions based on control of critical assets. However, unexpected COVID surges might constrain logistic supply and capacity. 30 billion US dollars of goods are trapped, and 37.8% of the capacity is stranded!