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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
Shipping lines covered do not include MSC (privately held), PIL and CMA CGM (no longer publicly publishes EBIT). The major shipping lines (that report on – and have so far published – their financial figures) have recorded a combined 2024 EBIT of $27.3 billion. “In comparison, the combined EBIT for 2021 and 2022 was nearly… Read More
What are the key objectives behind the USTR’s proposal to introduce fees of up to $1.5 million on Chinese-built or Chinese-flagged ships entering US ports? David McCullough: The primary goal is to push back against China’s alleged dominance in international shipping while bolstering US shipping capacity. The broader issue is the dramatic increase in the number of Chinese… Read More
For a symbol of the chaos engulfing world trade since the Trump administration walked into the White House, look no further than a pile of 16,000 metric tons of steel pipes. Stevedores in Germany should be preparing to load the first batch on a container ship bound for a massive energy project in Louisiana. Instead… Read More
The Chesapeake Bay Bridge and another Maryland crossing should undergo a “risk of collapse” test, Key Bridge investigators said. ANNAPOLIS, MD — As the National Transportation Safety Board continues its investigation into the deadly collapse of the Francis Scott Key Bridge in Baltimore, the safety administration has identified numerous bridges that are also at risk of collapse… Read More
The US senator highlighted the amplified significance the ship channel will have, not just locally, but state and worldwide once finished. CORPUS CHRISTI, Texas — U.S. Senator John Cornyn stopped by the Port of Corpus Christi on Wednesday to meet with local leaders and discuss the Corpus Christi Ship Channel improvement project. It is expected… Read More
Cyber and Perimeter Security Measures Were Key Focuses of Inspection For the 16th consecutive year, the Helen Delich Bentley Port of Baltimore received a top U.S. Coast Guard security assessment for its six state-owned, public marine terminals. The Coast Guard’s inspection of the Maryland Port Administration (MPA) facilities included a detailed review of all security protocols… Read More