In the midst of ongoing congestion at the Port of Antwerp, CaroTrans has announced it will be starting an expedited Le Havre-Charleston import service bypassing the Belgian gateway entirely.
The new terminal is accessible by rail, truck or barge. It sits behind behind Alabama State Port Authority’s Pier D2 berth on a 40-foot-deep channel at the port authority’s main docks complex.
More than five weeks after West Coast longshoremen and waterfront employers reached a tentative contract, the Port of Oakland is still trying to regain the vessel calls it lost.
DP World and the government of the Maldives have signed an agreement for the latter to build an up to $300 million deepwater port complex on the industrial island of Thilafushi.
The Port of Baltimore will combine a $200,000 U.S. Transportation Department grant with $300,000 in state funds to continue a program subsidizing replacement of old drayage trucks with newer, less-polluting vehicles.
In 20 years as head of United Arab Shipping Co.’s North American business, Anil Jay Vitarana saw growth in ship sizes and container volume. But he says one thing hasn’t changed: Carriers’ profitability remains too low to ensure needed investment and to attract bright young people.
Shippers out of Cameroon's largest port are reporting nearly month-long delays, and at least one container line has said it will begin imposing emergency congestion surcharges.
Goldman Sachs Infrastructure Partners and Infracapital are selling a combined stake of at least 30 percent in Associated British Ports, the U.K.’s biggest ports operator, for about £1.6 billion ($2.37 billion).
Fesco Transportation Group’s profit soared 30 percent in the fourth quarter of 2014, but the weak ruble and lower rail freight rates dragged down the full-year result.
The Chennai Port Authority, India’s second-largest state-owned container gateway, is poised to reach a record throughput volume in fiscal year 2014-15, which ends March 31, the latest port statistics collected by JOC.com reveal.