The Port of Virginia’s efforts to curb congestion took a literal hit Sunday morning after a barge struck a rail bridge, forcing Norfolk Southern Railway to delay five intermodal services and end two.
Saudi Global Ports has opened its newest container terminal in Dammam’s King Abdul Aziz Port.
Labor and port congestion will continue to be top issues facing shippers this year, said Jim Pyburn, Director of Business Development, Port Everglades. At TPM 2015, he provides commentary on the year ahead as well as an update on intermodal investments and overall business at the port.
A Teamsters-supported organization that is attempting to organize owner-operator truck drivers in Southern California said Monday a number of drivers were picketing the yards at several trucking companies, as well as marine terminals in Los Angeles-Long Beach.
Adani Ports and Special Economic Zone, India’s biggest private port infrastructure developer, is poised to snap up another container port contract in the country.
For a region dismissed not so long ago as a bit of a backwater, where inefficiency, corruption and chronic congestion were the norm, east Africa is beginning to show its mettle.
Hutchison Port Holdings Trust recorded a fall in first-quarter net profit of 49 percent, as a one-off gain in March last year and slowing foreign trade hit the performance of its Pearl River Delta terminals.
Cosco Pacific shrugged off concerns of a slowing China as its first-quarter net profit surged almost 20 percent and container volumes grew by 6.6 percent compared to the first three months of last year.
Huge feeder networks required to serve the mega-vessels calling at Singapore and the growing number of connections generated by shipping alliances are placing the port under growing pressure.