Searchers are combing the Atlantic today in the fast-dwindling hope of finding survivors among the 33-member crew of the TOTE Maritime cargo ship El Faro, which sank five days ago during a Category 4 hurricane off the Bahamas.
The oldest container terminal in Rotterdam, ECT City Terminal, has closed after nearly fifty years, because it can’t handle the ever-larger vessels calling at Europe’s top container port.
Container volumes handled by West Coast ports are returning to historical levels, but the weekly manpower requirements for handling the containers is about 15 percent higher than in the past. That suggests terminal operators are struggling to adjust to the complexities caused by mega-ships, vessel-sharing alliances and chassis shortages.
A developer is adding more than half a million square feet of speculative industrial space at BNSF Railway’s Logistics Park Kansas City.
The shortage of truck drivers has expanded by 10,000 since last year, and is on track to quadruple to 175,000 by 2024, according to a report released Tuesday.
Four out of five ships operated by the world’s 20 largest container lines arrived in port on time in August, the best performance since November 2013, SeaIntel Maritime Analysis said in its Global Liner Performance report.
Orbcomm, a technology company with a focus on asset tracking, has purchased WAM Technologies as it seeks to bolster its maritime presence.
HHLA, Hamburg’s leading terminal operator, has downgraded its 2015 earnings forecast in response to declining traffic at Germany’s top container port.
Indian Shipping Minister Nitin Gadkari said the government plans to spend roughly Rs. 70,000 crore (approximately $10.7 billion) on upgrades for major public ports under the “Sagar Mala” project over the next five years.
Container volumes at Panama’s ports totalled just over 4 million 20-foot-equivalent units during the first seven months of this year, up by 4.4 percent from the same period last year.
China’s slowdown is causing jitters at the highest business levels with excitement over a deal reached on the Trans-Pacific Partnership tempered by the World Bank cutting its growth forecast for Asia-Pacific on concerns over the mainland’s weakening economic performance.
U.S. lawmakers may have avoided a government shutdown last week, but the temporary funding bill that bought Congress 10 more weeks has left important port construction projects and ports’ access to federal grants in peril, according to the top U.S. port lobby.
The Louisiana Chemical Association has filed suit to block raises for two groups of Mississippi River ship pilots that would boost their average annual pay more than $50,000 over four years, to $473,692 in 2019, according to a local report.