Port News

Maher Terminals and the Port Authority of New York and New Jersey have been at odds over a number of issues over the past decade.
Maher Terminals and the Port Authority of New York and New Jersey have agreed to settle an eight-year-long legal dispute.

Terminal operators and stevedores make up the second-largest group of organizations making financial claims against bankrupt Hanjin Shipping.

Shippers are warning that the Russian government’s raising of stevedoring tariffs to boost port infrastructure investment may squeeze out some operators and force importers and exporters to eat the higher costs.

The value of M&A deals fell 30 percent in the third quarter, but the Port of Melbourne sale saw Asia and Oceania leading the way.

As good as Los Angeles and Long Beach are in attracting strong demand, they must contend with the fractured nature of 15 million TEUs being spread out over 13 terminals.

US ports could be an unexpected beneficiary of the historic settlement between the US government and German automaker Volkswagen.

CSX Transportation and Ports America agreed to the hand-over in January.

Untraditional deals that finance harbor dredging or underwrite the purchase of entire ports are receiving more consideration.

Port officials in Manila said a new terminal appointment and booking system has substantially reduced the possibility of congestion that has plagued port facilities in the city for the past two years.

The sagging hopes for dredging the port of Santos to 17 meters have been given a lift by a new wave simulator at the University of Sao Paulo.