Standing on the stage at this month’s TPM Conference, Matthew Shay delivered a pointed message to those responsible for months-worth of delays, millions of dollars in lost retail sales, and the loss of jobs and export opportunities: “Enough is enough! The interest of thousands” can no longer threaten the livelihood of millions.
News & Analysis
28 Aug 2015
Hutchison Ports Australia and the Maritime Union of Australia agreed Friday to return to the negotiating table, preventing a looming court action and paving the way to an end of a bitter fight over layoffs at Hutchinson’s Brisbane and Sydney terminals.
27 Aug 2015
Global terminal operator DP World reported a 22 percent increase in net profit during the first half of 2015 but said it expects growth to slow amid a “challenging” global economy during the rest of year.
26 Aug 2015
Gulftainer has appointed a former Maersk Line and DP World executive as CEO of its international operations as the container terminal operator expands its global footprint.
25 Aug 2015
The Port of Oakland’s announcement last week that it intends to open its terminal gates an extra day each week demonstrates two hard, cold facts about U.S. port operations in this era of big ships. The traditional menu of five weekday gates each week is no longer adequate to handle today’s cargo volumes, but extra gates cost money, and someone — often the shipper — has to pick up the tab.
24 Aug 2015
Increasing container demand of 4.5 percent annually through 2019 and the cascading of larger ships on to smaller trades will require marine terminals to invest to handle another 168 million 20-foot equivalent units.
19 Aug 2015
Global Ports, one of Russia’s top container terminal operators, has shaken up its leadership in an effort to reverse its fortune after plummeting container volume.
18 Aug 2015
Adani Ports and Special Economic Zone on Monday signed a concession agreement to develop the much-publicized Vizhinjam International Container Transshipment Terminal, allowing India’s largest private port developer to begin construction on the green-field project November 1.
18 Aug 2015
Cosco Pacific container throughput registered a meager 1.3 percent growth in July as China’s slowing exports dragged down volumes at the mainland’s second largest port operator.
17 Aug 2015
Brookfield Infrastructure Consortium, a global asset owner and operator, has purchased Asciano, owner of some of Australia’s largest container terminal and rail freight operations for $12 billion.
17 Aug 2015
The Pacific Maritime Association sees the medical provisions of the new International Longshore and Warehouse Union contract as a win-win proposition for both parties.