More than five weeks after West Coast longshoremen and waterfront employers reached a tentative contract, the Port of Oakland is still trying to regain the vessel calls it lost.
DP World and the government of the Maldives have signed an agreement for the latter to build an up to $300 million deepwater port complex on the industrial island of Thilafushi.
The Port of Baltimore will combine a $200,000 U.S. Transportation Department grant with $300,000 in state funds to continue a program subsidizing replacement of old drayage trucks with newer, less-polluting vehicles.
Shippers out of Cameroon's largest port are reporting nearly month-long delays, and at least one container line has said it will begin imposing emergency congestion surcharges.
Goldman Sachs Infrastructure Partners and Infracapital are selling a combined stake of at least 30 percent in Associated British Ports, the U.K.’s biggest ports operator, for about £1.6 billion ($2.37 billion).
The Chennai Port Authority, India’s second-largest state-owned container gateway, is poised to reach a record throughput volume in fiscal year 2014-15, which ends March 31, the latest port statistics collected by JOC.com reveal.
China Merchants Holdings (International), the mainland’s largest port operator, reported a 7.4 percent increase in net profit during 2014 when it handled 80.84 million 20-foot containers at its global terminals to record a volume growth of 13.4 percent.
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.