Port News

Eco Flow, a Southern California harbor trucking company backed by a venture capital firm in Los Angeles, on Monday announced with the Teamsters union the formation of a motor carrier with employee drivers.

Noting what could be the “new normal” at the ports of Los Angeles and Long Beach, the Marine Exchange of Southern California said Monday there were no container ships at anchor, and none are expected to stop at anchor on Tuesday, either.

Port of Hamburg intermodal
German locomotive drivers began near week-long strike Monday afternoon that threatens to clog container yards at the country’s leading ports and cause massive disruption to industrial supply chains across Europe’s largest economy.

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.