Port News

Greece is expected to launch the long delayed privatization of the port of Piraeus, a top 10 European container hub, this week as its leftist government reluctantly undertakes reforms demanded by its international creditors.

Capacity additions coupled with higher cargo volumes fueled a 33 percent year-over-year jump in Adani Ports and Special Economic Zone’s consolidated net earnings in fiscal year 2014-15, which ended March 31.

Seattle and Tacoma took a big hit in the first quarter as its market share among Canadian Pacific Northwest ports took a dive amid longshore labor disruption.

The first major step towards Indonesia’s goal of building a huge maritime network across the island nation will be made later this year when the Indonesia Ports Corporation (IPC) nominates a single contractor to deliver 35 new or improved ports.

Senate appropriators last year derailed Congress’ attempt to give U.S. ports the $1.2 billion for maintenance dredging and berth work — as set by the Water Resources Reform Development Act — by coming up $100 million short for fiscal year 2015.

$1.1 billion terminal operator ICTSI sold its stake in a Japanese container terminal on Okinawa to focus on other global port operations.

A deeper channel and additional berths will help South Korea's Busan Port Authority keep up with rising container volumes and bigger box ships.

APM Terminals in Rotterdam officially opened the container terminal of the future on April 24 with the aggressive prediction that Maasvlakte II will improve vessel productivity by 40 percent.

The Port of Oakland confirmed Friday that cargo handling will resume on the evening shift after the port was closed for the day shift for a rescheduled labor meeting. Normal operations along the vessels, in the yards and at the gates are scheduled to start at 7 p.m. Pacific time.

Drivers who walked off their jobs on Monday at three harbor drayage companies in Southern California to protest alleged misclassification and wage theft returned to work Friday, according to a statement by the Teamsters-affiliated Justice for Port Truck Drivers.