Port News

Port of Manzanillo, Mexico
Despite ongoing congestion at the Los Angeles-Long Beach port complex, don’t expect Mexican ports to become major gateways for U.S.-bound cargo anytime soon, Transplace CEO Thomas Sanderson said Tuesday.

The tentative agreement between West Coast longshore workers and terminal operators is already affecting truck pricing, with spot market dry van rates from Los Angeles rising 4 cents to $1.92 per mile on average in the week that ended Feb. 28, according to DAT Solutions.

Cargomatic, the company driving the "Uberization" of local trucking in Southern California, wants to use its technology to break the massive container logjam at West Coast ports. The "Silicon Beach" tech company is offering a free-flow program designed to get ocean containers stacked up in port terminals on trucks and moving inland more quickly.

Gate operations resumed Thursday morning at the South Shore of Burrard Inlet at Port Metro Vancouver, with the exception of the Centerm container terminal after a four-alarm chemical fire closed the facilities Wednesday.

Port of Rio de Janeiro, Brazil
Rio de Janeiro will be the first container port to benefit from Brazil’s $1.28 billion dredging program.

The U.S. Army Corps of Engineers awarded a $134.5 million contract for deepening the Port of Savannah’s outer harbor channel 18.5 miles into the Atlantic Ocean.

The port of Rotterdam Authority’s revenue rose in 2014 on increased activity in Europe’s largest container hub, but profits were reduced by higher interest charges linked to record investments in new facilities.

International Container Terminal Services, Inc. (ICTSI) reported a 6 percent growth in net profit in 2014, driven by solid revenue increases in its international expansion.

Indian dockworker unions have tentatively agreed to defer a nationwide indefinite strike that was to begin March 9 by a week, setting the stage for negotiations between the stakeholders to reach a settlement.