For U.S. West Coast ports, 2015 was going to be a year to solidify market share in the competitive U.S. container trades as ports on the East Coast prepared for completion of the Panama Canal expansion project. Instead, the first quarter of 2015 has been a nightmare for West Coast ports, with crippling congestion, an unsettled labor contract and declining container volumes.
East and Gulf Coast ports have been winning the market share battle in the U.S. containerized ocean trade since 2008. What happened?
The Indian federal government has approved a special-purpose company with equity participation of all major ports to implement rail connectivity projects aimed at improving supply chain services.
A year before its scheduled completion of a $5 billion-plus expansion, the Panama Canal Authority is discussing the idea of building even larger locks to allow head-to-head competition with the Suez Canal.
The Nigerian government has closed its ports, including Lagos, and land borders, and won’t open them until midnight Saturday to allow for “the peaceful conduct of the (presidential) elections.”
Officials at the Panama Canal are working their way through a significant vessel backlog after an “unusual” increase in the number of ships awaiting transit began to back up on either side of the waterway weeks ago.
Gulftainer’s goal to triple volume over the decade through aggressive investment came a step closer in 2014 after the terminal operator increased handling 8 percent year-over-year.
The Port of Virginia is shifting three rubber-tire gantry cranes to the newly reopened Portsmouth Marine Terminal to handle overflow from larger terminals, and expected to have two of the yard cranes ready for use today.
Members of Baltimore’s largest International Longshoremen’s Association voted to end 18 months of uncertainty b
Earlier this year before the three major equipment-leasing companies formed a gray chassis pool in Los Angeles-Long Beach, Direct ChassisLink Inc. was positioning 300 chassis into a marine terminal in Long Beach while Flexi-Van Leasing was pulling 280 of them out of the same facility. Thanks to the gray, or neutral chassis pool that went into operation on Mach 1, that type of inefficiency has very quickly become a thing of the past.