After volume rose 2.6 percent year-over-year in 2015, the Santos port authority expects volume through South America’s largest container port to inch up slightly this year, as the recession takes its toll, particularly on trade with its top trade partner, China.
The Port of Oakland Commission Thursday approved a $1.5 million program to help fund night and weekend gates during the next 12 weeks when Outer Harbor Terminals will transition out of the port and its cargo volume is redistributed to other facilities.
DP World on Friday unveiled a plan to invest $1 billion in India over the next few years, as the Dubai-headquartered terminal operator looks to tap into potential growth opportunities in the emerging Asian economy.
Big Port of St. Petersburg, Russia’s busiest seaport in terms of container traffic, posted a 27.8 percent year-over-year decline in container throughput for 2015 but is planning to regain its lead in the market in the coming years.
APM Terminals plans to retrofit at least five cranes at its Pier 400 terminal at Los Angeles to make them capable of handling fully laden mega-ships of up to 20,000 twenty-foot-equivalent units.
Adani Ports and Special Economic Zone, India’s largest port infrastructure developer, recorded a big jump in its net earnings in the third fiscal quarter on the back of continued capacity expansion.
The United States and any other country that is party to SOLAS can delay implementation of the International Maritime Organization’s controversial container weight rule by up to a year, a fact bound to increase pressure on the U.S. Coast Guard to extend the deadline past July 1 to avoid potential trade disruption.
In a sign that U.S. container volumes in 2016 could turn out better than forecast, the Port of Los Angeles last month handled 704,398 twenty-foot-equivalent units, making it the busiest January in the port’s history.
Chassis provider TRAC Intermodal and a technology provider have unveiled cloud-based software designed to allow intermodal equipment providers and motor carriers to automate billing and reconcile invoices.
Truck turn times at the Middle Harbor container terminal in Long Beach will improve greatly when the automated facility receives its first vessel April 7 because truck traffic will be completely separated from vessel operations, the company’s top executive said.