The port of Piraeus has approved a long delayed-agreement with Cosco Pacific under which the Hong Kong-based company will invest a further 230 million euros ($285 million) in container facilities at Greece’s largest port.
There is optimism that the congestion choking the port of Manila since February may finally be addressed after Philippine government officials and the shipping industry came together in the capital to tackle the crippling problems.
There will be no speedy solution to the congestion that is creating bottlenecks at ports around the world as terminals battle to cope with growing trade and surges in container volume.
Seven container ships, two more than the previous day but fewer than earlier in the week, were at anchor on Thursday morning awaiting berths at the congested ports of Los Angeles and Long Beach, according to the Marine Exchange of Southern California.
The port of Rotterdam will triple the discount on tariffs for deep-sea containers that are transshipped to other ports in Europe over the next three years in a move likely to trigger a response from its main rival Hamburg.
Operations at the port of Montreal are returning to normal after a day-long strike by municipal workers opposi
A yard expansion project by International Container Terminal Services, Inc. (ICTSI) in Manila has been completed and will help the port address the growing volumes and congestion that has choked the port since February.
The Port of Seattle Commission on Tuesday approved its 2015 budget that calls for $373.8 million in capital expenditures for the seaport and for Sea-Tac International Airport.
The National Customs Brokers and Forwarders Association of America on Wednesday charged that ocean carriers may be violating the U.S. Shipping Act with their congestion surcharges at West Coast ports.
For the second time in two weeks, three carriers are reversing their decision to implement port congestion surcharges, though the reason wasn’t immediately clear.