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Beijing’s displeasure over conglomerate’s plans highlights tightening business environment in Hong Kong. CK Hutchison, one of the largest conglomerates in Hong Kong, earlier this month announced plans to sell its stake in two ports on the Panama Canal to a group of US investors led by BlackRock. The plan, part of a $22.8bn megadeal that would grant… Read More
The chairman of one of the largest global investment managers says ports are as critical to future infrastructure of the global economy as data centers and power grids. BlackRock Chairman Laurence Fink in an annual letter to investors said that’s why the company spent 2024 transforming itself into a leader in private markets, the better… Read More
The National Transportation Safety Board (NTSB) has released findings on a costly crane accident at North Charleston Terminal that resulted in $4.5 million in damage when a crane barge struck a ship-to-shore crane during cargo operations. The incident occurred on January 4, 2024, when the towing vessel Royal Engineer, while pushing the crane barge Stevens 1471, attempted… Read More
The Georgia Ports Authority (GPA) set a new record in February with 479,850 TEUs, marking a 6 per cent increase compared to the same month in 2024. GPA President and CEO Griff Lynch credited the strong performance to the trust customers place in Savannah, stating: “This strong performance is a testament to the trust our customers place… Read More
South Carolina Ports (SC Ports) has announced the completion of a $55 million expansion project at Inland Port Greer, enhancing its intermodal capabilities and connectivity between the Port of Charleston and inland markets. The upgrades include an expanded container yard, which will increase cargo capacity by 50 per cent, as well as an additional 9,000 feet… Read More
The Port of New York and New Jersey reported a positive start to 2025, handling 720,747 TEUs in January—a year-on-year increase of 8 per cent compared to 667,346 TEUs in January 2024. Growth at the Port of New York and New Jersey was driven largely by a 10.5 per cent rise in imports, which totalled 378,632 TEUs,… Read More
Delivering on Commitment to Build a Modern Maritime Port, NYCEDC Signs Agreements to Demolish Four Out-of-Service Cranes, Purchase Modern Electric Crane, and Make Repairs to Red Hook Container Terminal Pier Infrastructure Investments Focus on Building “Harbor of the Future”, Advancing Blue Highway and Micro-Mobility Strategies that Reduce Truck Traffic, and Increase Capacity for Freight Bound… Read More
CK Hutchison will not sign a deal next week to sell its two Panama Canal port operations to a BlackRock-led group, Reuters reported, citing two sources familiar with the matter. The delay comes amid mounting political pressure from Beijing. The Hong Kong-based conglomerate had agreed earlier this month to sell most of its $22.8 billion global… Read More
BALTIMORE, MD— “One year later, we reflect on the lives lost, the importance of community, and the power that we possess to create a safer, brighter, and even more resilient future for our people,” said Ports America Chesapeake (PAC) President, Mark Schmidt. “The collapse of the Key Bridge revealed critical needs for investments to be made… Read More
DredgeWire Publisher Peter Bowe speaks about Baltimore bridge collapse in podcast U.S. Maritime Industry Delivers in Wake of FSK Bridge Collapse: One Year Ago Today We are at the one-year since the Francis Scott Key (FSK) Bridge collapsed over the Patapsco River’s Fort McHenry Channel in Baltimore, Maryland. Nearly 100 percent of the wreckage and debris removal was… Read More
A.P. Moller – Maersk (Maersk) and the Port Authority of New York and New Jersey (PANYNJ) have reached an agreement to extend the lease for APM Terminals (APMT) Elizabeth until December 2062. The lease for APMT Elizabeth, initially scheduled to expire in 2029, has been extended, marking a major milestone in the company’s long-standing partnership with the port. This 33-year lease extension opens the… Read More
The U.S. Trade Representative is gearing up for hearings this week on the proposed port fees targeting Chinese vessels. Industry and maritime executives are expected to detail the adverse effect the levy would have on the U.S. economy and global trade as a whole. The proposal could spell further uncertainty for global shipping following multiple rounds… Read More
The Port of Seattle recently signed an agreement with BNSF Railway Co. to acquire a 42-mile rail corridor in King and Snohomish counties for $107 million. King County — which plans to develop a trail on 32 miles of the corridor — is contributing $2 million toward the purchase price. The northern portion of the corridor will… Read More
ANNAPOLIS, MD — The Chesapeake Bay Bridge is one of 20 in the United States at high risk of collapse if struck by a ship, according to a new study released Monday by Johns Hopkins University. The study, sparked by the 2024 Francis Scott Key Bridge collapse in Baltimore, ranks the vulnerability of the nation’s bridges to a similar… Read More
to Be Held on Tuesday, March 25, 2025 The Port Commission of the Port of Houston Authority will hold its Regular Monthly Meeting on Tuesday, March 25, 2025, beginning at 9:15 a.m. in the boardroom of the Port Houston Executive Office Building, located at 111 East Loop North, Houston, TX 77029. It will be conducted as a hybrid meeting and open… Read More