Port News

The value of M&A deals fell 30 percent in the third quarter, but the Port of Melbourne sale saw Asia and Oceania leading the way.

As good as Los Angeles and Long Beach are in attracting strong demand, they must contend with the fractured nature of 15 million TEUs being spread out over 13 terminals. 

US ports could be an unexpected beneficiary of the historic settlement between the US government and German automaker Volkswagen.

CSX Transportation and Ports America agreed to the hand-over in January.

Untraditional deals that finance harbor dredging or underwrite the purchase of entire ports receiving more consideration. 

Port officials in Manila said a new terminal appointment and booking system has substantially reduced the possibility of congestion that has plagued port facilities in the city for the past two years.

The sagging hopes for dredging the port of Santos to 17 meters have been given a lift by a new wave simulator at the University of Sao Paulo.

PierPass meeting with stakeholders could eventually result in a new pricing model for extended gates in LA-LB.

A federal judge on Tuesday allowed a chassis company to terminate leases with Hanjin Shipping.

DP’s World’s container traffic increased slightly in the first nine months of the year.