After months of delay, the Port of New York and New Jersey is moving to break a truck-replacement deadlock that motor carriers say threatens their continued ability to serve the U.S. East Coast’s busiest port.
California Gov. Jerry Brown on Monday signed a bill that will enhance the ability of ports to secure additional bond revenue for infrastructure and environmental projects. This will make it easier for Los Angeles, Long Beach and Oakland, three of the six largest U.S. container ports, to be more competitive through freight infrastructure development.
The Russian government will begin work on a new deep-sea port in the enclave of Kaliningrad, between Poland and Lithuania on the Baltic Sea, by the end of the year.
Privately-operated Mundra Port recorded double-digit container throughput growth in the first fiscal half, driven in part by diversions from Jawaharlal Nehru Port disruptions and congestion that dragged down volumes at India’s largest public container handler during the same period.
Long Beach had one its best Septembers ever, continuing a recent trend in which West Coast ports are regaining some of the market share they lost this past year due to congestion and work slowdowns that accompanied the coastwide dockworker negotiations.
Containerized imports at the Port of Oakland in September increased for the seventh straight month, demonstrating that the Northern California port has recaptured some of the market share it lost earlier this year during the congestion that plagued all West Coast ports during the longshore contract negotiations.
A Tokyo-based research firm has significantly downgraded its outlook for the Japanese container trade in fiscal 2015, predicting a 1.3 percent contraction compared to its previous forecast of 2 percent growth.
Brazilian port and trade associations have won an extension of a policy allowing terminal operators to import equipment with little to no tax.
PSA International this weekend broke ground on a fourth container terminal at Jawaharlal Nehru Port Trust, which will provide a future avenue to ease congestion at India’s largest container gateway.