The decision Monday by Outer Harbor Terminal in Oakland to file for Chapter 11 bankruptcy protection will not deter Ports America from continuing to invest in its other container terminals on both the West and East coasts, the company said Wednesday.
Curtis J. Foltz will step down as executive director of the Georgia Ports Authority on June 30 and will be succeeded by Griffith V. Lynch, the agency’s chief operating officer.
Although overall export revenues for Brazilian shoes fell 10 percent last year, to $960.4 million, sales during the last month of December ended on a high and rocketed 60 percent from November, to $119.57 million, raising the sector’s expectations for this year, according to Heitor Klein, the chief executive of Abicalçados, the Brazilian Association of Footwear Manufacturers.
Greek ports will come to a standstill Thursday for the third time this year as dockers, seamen and tug crews join a nationwide, general, 24-hour strike.
In an attempt to ease congestion at terminal gates and reduce wait times for drayage, customs authorities at Jawaharlal Nehru Port Trust, India’s biggest, public, container gateway, have done away with the procedure requiring truckers to present gate-in permits issued electronically in hard copy form.
Global air cargo traffic increased 2.2 percent year-over-year in 2015, less than half the 5 percent rise in 2014, due mainly to sluggish trade growth in Europe and Asia-Pacific, according to the International Air Transport Association.
Paris-listed Bolloré Group was selected to build and operate a new $424 million port close to Dili, capital of Timor-Leste.
U.S. East Coast ports toppled the U.S. West Coast in international containerized ocean volume and market share for the first nine months of 2015, handling 47.1 percent of the 24 million TEUs moving through the U.S., while West Coast ports handled 44.5 percent.
Contship Italia Group has appointed Marco Simonetti as vice president for developments and reorganization.
U.S. lawmakers are looking into a new way to streamline how the federal government appropriates funds for port development projects, yoking together authorization and appropriation.