Amid the deluge of year-end statistics highlighting the yawning economic gap between the European Union’s more solid northern member states and its debt-stricken southern half there’s one that looks, at first glance, like a mistake — container traffic.
Read the latest news about terminal operators and ongoing projects and upcoming plans.
News & Analysis
31 Jul 2014
The largest container terminal operator in the Port of New York and New Jersey has lost another bid to reduce the fees it must pay to the port authority.
31 Jul 2014
Terminal operator and stevedore Ports America, with services in every major U.S. port, is expanding its footprint on the U.S. West Coast.
30 Jul 2014
A U.S. House Republican has asked Treasury Secretary Jack Lew to review whether the granting of a 35-year container terminal concession at Florida’s Port Canaveral to United Arab Emirates-based port operator Gulftainer will impact national security.
29 Jul 2014
Last winter, congestion at Port Metro Vancouver was so bad that it triggered a month-long strike by hundreds of truck drivers. Four months later, turn times are averaging less than an hour.
26 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association met for three days this past week without concluding negotiations; at the weekend, the parties announced a week-long recess in the talks. German carrier Hamburg Süd announced plans to acquire the container operations of Chile’s CCNI, in a move resembling the deal between larger competitor Hapag-Lloyd and Chile’s CSAV, and Crowley is reported to be in talks to acquire Horizon Lines’ Puerto Rico assets. Earnings reports by U.S. truckload carriers are pointing to a stronger freight recovery in the United States, though rail service continues to be held back. And on Friday, Anne S. Ferro announced her departure from the Federal Motor Carrier Safety Administration after five years leading the agency.
26 Jul 2014
Hutchison Port Holdings Trust (HPH Trust) reported a 16 percent rise in first-half net profit on the back of improved U.S. and European cargo and greater transshipment volume.
24 Jul 2014
DP World’s container traffic increased 9.3 percent on a like-for-like basis in the first half of 2014.
22 Jul 2014
An infrastructure investment group and a British pension fund have agreed to acquire APM Terminals’ semi-automated container terminal at the Port of Virginia for an undisclosed price.
13 Jul 2014
LONG BEACH, Calif.
12 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association surprised watchers by announcing a 72-hour hiatus in their negotiations so that the union could deal with unrelated talks in the Pacific Northwest, and by extending the expired coastwide contract during the suspension of negotiations.