Hutchison's $22.8bn port sale – on the lookout for Gemini...
A ripple in many ports
The port of New York and New Jersey (NY/NJ) is emerging as the main alternative for shippers that traditionally route their cargo through Baltimore.
Following the collapse of the Francis Scott Key Bridge on 26 March at the entrance to Baltimore Port, the US east coast’s fifth largest gateway was cut off, leaving shippers and carriers hunting for alternatives.
Baltimore handled 1.1m teu in 2023, with three carriers – MSC, Maersk and Zim – accounting for almost two-thirds of these volumes, according ...
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