Terminal operators in Los Angeles-Long Beach are beginning to reduce the vessel backlog built up during the longshore labor negotiations, raising the possibility that the largest U.S. port complex will be back to normal before mid-to-late May as originally expected.
Officials at the Panama Canal on Monday were still working their way through a significant vessel backlog after an “unusual” increase in the number of ships awaiting transit began to back up outside the waterway weeks ago.
Port of Santos users and operators were hit by a bombshell Friday when an injunction was imposed, halting the port’s much-needed dredging program.
HHLA’s operating profit jumped 10 percent in 2014 as it handled record volumes of containers at its three Hamburg terminals.
China’s Cosco Pacific will bid for a majority stake in Greece's port of Piraeus after the country's new socialist government apparently reversed course on its opposition to port privatization.
Despite the long-term landside congestion and intermittent labor troubles that led to some traffic diversions, Jawaharlal Nehru Port Trust achieved an all-time high in container-handling in fiscal year 2014-15, which is set to end March 31, according to the latest port data collected by JOC.com.
Ninety International Longshore and Warehouse Union coastwide caucus delegates on Monday will open meetings in San Francisco that will determine the fate of U.S. West Coast ports for the next five years. The caucus will recommend approval or rejection of the tentative ILWU-Pacific Maritime Association contract.
West Coast ports continue to reduce vessel and container backlogs that built up during the nine months of labor negotiations, with the ports of Oakland, Seattle and Tacoma progressing at a faster pace than Los Angeles-Long Beach.
Heavy volume from larger ships and carrier alliances is straining capacity at New York-New Jersey container terminals just when shippers are seeking alternatives to congested West Coast ports.
Terminal operators and equipment managers on the West Coast intend to form a discussion agreement that will allow them to work with industry stakeholders such as shipping lines, motor carriers and railroads to reduce congestion and improve cargo velocity.