Greece is expected to launch the long delayed privatization of the port of Piraeus, a top 10 European container hub, this week as its leftist government reluctantly undertakes reforms demanded by its international creditors.
Capacity additions coupled with higher cargo volumes fueled a 33 percent year-over-year jump in Adani Ports and Special Economic Zone’s consolidated net earnings in fiscal year 2014-15, which ended March 31.
The first major step towards Indonesia’s goal of building a huge maritime network across the island nation will be made later this year when the Indonesia Ports Corporation (IPC) nominates a single contractor to deliver 35 new or improved ports.
An 18 percent injection of capacity on the U.S. East Coast and Gulf routes will put rates under pressure, even as the proportion of all-water cargo rises now that West Coast port operations in the U.S. have returned to normal.
Alianca Navegacao e Logistica launched a 4,800-TEU, the Bartolomeu Dias, in the Brazilian and South American coastal service and plans to launch a second ship this summer.
More driving schools, acquisitions and an expanded owner-operator fleet helped Celadon Trucking field more capacity and increase revenue and profit in the first quarter.
$1.1 billion terminal operator ICTSI sold its stake in a Japanese container terminal on Okinawa to focus on other global port operations.
A deeper channel and additional berths will help South Korea's Busan Port Authority keep up with rising container volumes and bigger box ships.
APM Terminals in Rotterdam officially opened the container terminal of the future on April 24 with the aggressive prediction that Maasvlakte II will improve vessel productivity by 40 percent.
The Port of Oakland confirmed Friday that cargo handling will resume on the evening shift after the port was closed for the day shift for a rescheduled labor meeting. Normal operations along the vessels, in the yards and at the gates are scheduled to start at 7 p.m. Pacific time.