If you missed what Moffatt & Nichol economist Walter Kemmsies told the SMC3 Jumpstart Conference in January, his words bear repeating. As reported by JOC Group Senior Editor Bill Cassidy, Kemmsies said the biggest threat to global trade isn’t protectionism, war, terrorism, disease or natural disaster. Instead, it’s mounting congestion at ports around the world, a phenomenon that’s been building for years and burst out into the open in 2014.
News & Analysis
21 Jan 2015
The China-financed Mombasa-Nairobi rail link that is under construction is facing competition from Africa’s largest private equity firm that has invested $70 million in a competing rail connection that will also link the two cities.
15 Jan 2015
The well-liked and respected IT leader, 46, built his career on a foundation of family history in the business, a deep understanding of the market and a talent for technology.
08 Jan 2015
The world’s largest container ship, the 19,100 TEU CSCL Globe, sailed into the British gateway Port of Felixstowe this week to make its maiden European call in a loop that will include Rotterdam, Hamburg and Zeebrugge.
16 Dec 2014
Malaysia’s port of Tanjung Pelepas (PTP) passed the 8 million 20-foot container mark at the beginning of December, although with less than a month left and volumes slowing down, the 2014 throughput target of 9 million TEUs looks well out of reach.
10 Dec 2014
U.S. port congestion delays are starting to cost shippers money — and customers in some cases.
09 Dec 2014
The U.S. Federal Maritime Commission will launch a website soon that will serve as a clearinghouse for port congestion surcharges, following industry confusion over planned U.S. West Coast surcharges, Commissioner Michael A. Khouri said today.
09 Dec 2014
Part of the reason South Atlantic ports haven’t seen as much congestion as their Northeast and Southern California counterparts is because the operating port model is more prevalent there, Federal Maritime Commissioner Michael Khouri said today.
08 Dec 2014
Congestion at Asia ports this is year is continuing to force intra-Asia carriers to charter feeder ships more frequently and for shorter time periods in order to maintain weekly schedules.
05 Dec 2014
The Port of New York and New Jersey handled record container volume in October, and port officials report progress on a broad effort to prepare for larger ships expected to accompany the mid-2016 raising of the Bayonne Bridge.
02 Dec 2014
With congestion and other terminal-related charges increasingly impacting bottom lines, ports are rapidly moving to center stage in ocean carriers’ strategic planning.