An influx of additional cargo volumes as carriers seek to avoid hostilities in the Persian Gulf has gridlocked Saudi Arabia’s port of Jeddah, a critical gateway on the Red Sea.
It is shaping up to be a profitable year for the ocean carrier's new CEO Till Ole Barrelet, who took over the top job from Jeremy Nixon on July 1.
The modernization project is meant to enhance the competitive position of Seattle-Tacoma among other ports along the West Coast of North America that have outperformed the NWSA this year.
