A body of one crew member of the TOTE Maritime cargo ship El Faro has been found, the Coast Guard said, and the search continues for the remainder of the 33-member crew of the vessel, which sank during Hurricane Joaquin.
APM Terminals confirmed its interest in expanding its presence in Mexico as it starts the countdown to the opening of a container terminal at the port of Lazaro Cardenas on the country’s Pacific coast.
U.S. West Coast ports are expected to claw back market share lost to the East Coast during the congestion earlier this year, but the longer term trend is for cargo to migrate to the east, Drewry says.
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.
As the Port of New York and New Jersey tries to reduce chronically long lines for the 86 percent of its containers that move by truck, there are growing cries to extend gate hours. But there’s a problem — many distribution centers aren’t open late to receive the cargo.
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.
The Panama Canal Authority is not only focused on expanding the waterway itself, but also on synergistic ancillary ventures that render the entire system more attractive.
The fast-growing port of Tauranga has begun widening and deepening its shipping channels to handle larger vessels after a more than four-year court battle over the project.
All but one of Japan’s five biggest ports saw their international container traffic shrink in the first half of this year amid growing economic uncertainty both at home and abroad.
Santos Brasil by 2047 plans to invest $324.4 million to allow the Tecon Santos terminal to handle larger ships and boost capacity by one-fifth after South America’s biggest container terminal operator received a 25-year concession extension at the busiest container gateway in Latin America.
TNT Express said its third-quarter operating profit will be “materially lower” than last year due to economic volatility in China, Brazil and Australia.
Poste Italiane, Italy’s state-owned postal company is expected to start selling shares in its initial public offering next week and make its debut on the Milan stock exchange at the end of October or early November.
Adani Ports and Special Economic Zone, which operates India’s biggest non-government port complex at Mundra, is rapidly expanding its container-handling footprint to create a pan-India terminal network.