News in Numbers

APM Terminals will build a $500m terminal in Louisiana, US, after moving forward on a letter of intent with the Plaquemines Port Harbor and Terminal District. 

The Port of New Orleans has been awarded a further $226m for its Louisiana International Terminal project. 

The UK Government has revealed the 33 projects that have received a share of £33m as part of the Clean Maritime Demonstration Competition. 

Logistics startup Flexport is reportedly laying off around 20% of its workforce as the company attempts to adapt to an industry slowdown. 

Vessel abandonment incidents were up by almost 10% in 2023 according to data from the International Transport Workers Federation (ITWF).