Port News

A federal judge has allowed a bank to foreclose on and sell its interest in more than 1,500 Hanjin Shipping containers to repay the bank for owed lease payments.

The bids for a 40-year operating concession will be submitted to the London office of US investment bank Morgan Stanley.

Beyond the headline numbers of multi-billion-dollar investments, Belt and Road is an opaque concept.

The SEZ is designed with a 494-acre site for processing activities and a 190-acre zone for non-processing operations.

The International Dockworkers’ Council on Monday called off worldwide strikes slated for March 23.

New York may be the city that never sleeps, but the four main terminals at its namesake port, the Port of New York and New Jersey, are closed by 7 p.m.

The company posted a record adjusted EBITDA margin of 54.4 percent.

The services to the US Southeast are the latest in a series of trans-Pacific services the Haifa-based carrier has been introducing ahead of the restructuring of the global vessel-sharing agreements April 1.

The system will help increase the number of New Panamax ships that can pass through the Panama Canal from an average of five a day at present.

Nagoya is Japan’s third-largest container port for foreign trade and Yokkaichi is ninth.