Contship Italia, Italy’s largest container terminal operator, has signed a strategic memorandum of understanding with Sina Port and Marine, Iran’s biggest port company, to take advantage of moves by the U.S. and the EU to ease sanctions following the nuclear deal with Tehran.
“It is a historic day – a day for removing barriers,” proclaimed U.S. Secretary of State John Kerry on July 20, as Cuba and America reopened their embassies and ended a 54-year diplomatic stalemate.
After bleeding market share in the first few months of 2015 because of congestion and labor problems, the Seattle-Tacoma gateway appears to be leveling off in the competitive Pacific Northwest. Port Metro Vancouver, British Columbia, is likewise leveling off, but Prince Rupert continues to register impressive double-digit gains compared to last year.
A new joint venture between DP World and Toll Logistics in Sydney, Australia, could provide a container shuttle out of Port Botany and slash exports of empty boxes.
Five firms, three joint ventures and two single companies, are aiming to win a concession to modernize Davao Sasa, a major gateway for Philippines exports, particularly bananas.
Work on the New Port Project at Al Wakrah, Qatar, is rapidly progressing towards completion as the small Gulf nation seeks an alternative to the congested existing port.
Oman International Container Terminal operated by Hutchison Port Holdings, will quadruple capacity to 6 million 20-foot-equivalent units, to capitalize on the recent closure of the Port Sultan Qaboos, Muscat.
The Port of Miami posted double-digit container volume growth in June, a testament to the port’s concerted effort to boost organic growth and preserve business diverted from the U.S. West Coast during the port congestion crisis in late 2014 and early 2015.
State-owned Container Corporation of India is expanding its intermodal services connecting the country’s southeastern container ports, beginning its second rail service to a southeastern port in as many months.
Long Beach Container Terminal, which will open a terminal early next year the Port of Long Beach has billed as the world’s greenest container terminal, received the Mayor’s Green Port award Wednesday at ceremonies marking the 10th anniversary of the Long Beach Green Port program.