Carriers invoke Force Majeure as ships begin to pile up off East and Gulf coasts
NewsContainer shipping companies, including CMA CGM, Ocean Network Express (ONE), and COSCO, are invoking force majeure due to the impacts of ongoing ILA strike.
Prospects for container terminals in the Ukraine*
Development of container traffic in the Ukraine is being held back simply by the capacity deficit of the country’s container terminals. During the past 15 years about US$500M has been invested in all Ukrainian ports. In contrast, no less than US$1.5B has been ploughed into one Romanian port, Constantza.
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