Moody’s Investors Service has affirmed the Port of Oakland’s senior lien rating at A1 with a stable outlook. This rating underscores the Californian port’s robust liquidity, strong debt service coverage ratio, controlled capital expenditure plans, and substantial long-term debt capacity. Moody’s highlighted several key factors supporting this credit rating: A diverse and economically stable service […] The post Moody’s affirms Port of Oakland’s A1 stable rating appeared first on Container News.

Recent research shows that China is the world leader in GDP (in purchasing power standards). These achievements are not final, as every year the Chinese economy shows growth of about 8-10%, ahead of its competitors India and the United States. The influx of foreign investment over the past 5 years and the expansion of exports […] The post Buying Goods in China and Shipping Container to the USA – Globy.Com Freight Calculator appeared first on Container News.

EY’s Geostrategic Report highlights that the 44th and 45th ASEAN Summits, which involved discussions with China, resulted in an enhancement of the ASEAN-China Free Trade Area. If you liked this post, please consider donating5€10€20€50€ The post EY’s report highlights ASEAN’s strategic trade position and investment initiatives appeared first on Container News.

Liebherr Container Cranes announced its first-ever contract to deliver ship-to-shore (STS) container cranes to the West Coast of the United States. TraPac Oakland, a container terminal operator in California, has awarded Liebherr a contract for two cutting-edge STS cranes. Although Liebherr has previously supplied STS cranes to ports along the US East Coast, this marks […] The post Liebherr secures first US West Coast STS crane contract appeared first on Container News.

Another one of Maersk Line’s US-flagged ships has been targeted by Houthis. The 2004-built 2,500 TEU Maersk Saratoga was escorted by US warships out of Djibouti when the Houthis struck, 10 days after another assault in the vicinity. Houthi spokesman Yahya Saree disclosed that two “American” destroyers and three “American” supply ships were targeted in […] The post Maersk vessel in convoy attacked by Houthis twice in 10 days appeared first on Container News.