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New Global Export Hub to Support Braskem’s U.S. Polypropylene Production Facilities with Packaging, Warehousing and Shipping Services to International Customers Facility to Support Global Exports up to 450 Million Pounds Annually and Complements Braskem’s Existing Network of Global Export Hubs Philadelphia, Pa. & Charleston, S.C. – June 1, 2020 – Braskem (B3: BRKM3, BRKM5 and… Read More
Port of Los Angeles, MSC (Mediterranean Shipping Company), APM Terminals Los Angeles and International Longshore and Warehouse Union (ILWU) Locals 13, 63 and 94 successfully moved 18,465 containers from the MSC Isabella during a single ship call at APM Terminals’ Pier 400 last week. This new all-time world record — equal to 34,263 Twenty-Foot Equivalent… Read More
On Wednesday, the Baltimore City Board of Estimates approved the sale of the first round of tax increment financing (TIF) bonds for the Port Covington development. This round of TIF bonds, which will be sold on the market by the Maryland Economic Development Corporation (MEDCO), will result in $148 million for infrastructure at the 235-acre,… Read More
The Mayor’s Budget Review Committee unanimously approved Monday a $75 million allocation for Jaxport to spend on its harbor deepening project. The allocation now advances to City Council for approval. The allocation includes a $35 million grant from the city and a $40 million bridge loan, advancing money that will be paid over two years… Read More
Port of Québec attracts major International Organizations QUÉBEC, June 22, 2020 /CNW Telbec/ – The Laurentia Project will become the cornerstone of a new and dynamic global ecosystem for innovation in logistics and maritime transportation technologies with the announcement today by the Québec Port Authority of the signing of memorandums of understanding with seven major… Read More
Container activity at Port Houston, the largest container port on the United States Gulf Coast, continued slowing in May due to the coronavirus outbreak and TEUs were down 16%. Container activity remains up 1% for the year compared to 2019. Port Houston handled a total of 222,250 twenty-foot equivalent units (TEUs) in May, compared to… Read More
Funding for restoration and improvements to Barbours Cut Container Terminal HOUSTON–(BUSINESS WIRE)–Port Houston receives nearly $80 million toward its efforts to restore and improve wharf and yard space at its Barbours Cut Container Terminal. The U.S. Department of Transportation (USDOT) awarded $79,472,000 from the Infrastructure for Rebuilding America (INFRA) program to Port Houston, which was… Read More
SOMERVILLE, NJ – The Department of Transportation on Friday announced that the Portal North Bridge replacement—a key component of the broader Gateway Project that includes building a new trans-Hudson rail tunnel—has officially moved forward into the engineering phase of the program. The existing Portal North Bridge is 110 years old, badly in need of repair,… Read More
America’s Central Port, located on the Mississippi River, just south of St. Louis at Granite City, Ill., has released some details on how it will invest the $1.26 million awarded it for container-on-barge (COB) operations in the latest round of MARAD Marine Highway grants. The port is an intermodal hub whose river operations are managed… Read More
The Port of Los Angeles announced Friday that its partner shipping companies and local union members moved 18,465 containers during a single stop, setting a world record. Port officials said the MSC Mediterranean Shipping Co., APM Terminals Los Angeles and International Longshore and Warehouse Union Locals 13, 63 and 94 successfully moved the containers from… Read More
Proposed revenues for Fiscal Year 2021 is slightly up, while total expenses are down. LOS ANGELES—The Port of Los Angeles Board of Harbor Commissioners approved the annual budget for the operation of Cabrillo Way Marina by Westrec Marina Management, May 21. Westrec proposed a revenue of $6,527,055 for Fiscal Year 2021, a 0.5 percent increase… Read More
Container volumes in May were down at most of the nation’s major seaports as the facilities struggled with the deepening U.S. recession and the slowdown of Asian and European economies at the start of the coronavirus outbreak earlier this year. Port of Los Angeles, the nation’s busiest, reported a 29.8% year-over-year decline in twenty-foot-equivalent (TEU)… Read More
The Galveston District of the U.S. Army Corps of Engineers (USACE) recently received a signed Chief of Engineers Report for the proposed Houston Ship Channel Expansion Project. The report culminates a four-year, $10 million study conducted by USACE in partnership with Port Houston to identify needed channel improvements, determine economic value to the nation and… Read More
The Federal Emergency Management Agency obligated an estimated $2 million to repair the Lighthouse Beach Fishing Pier in Port Lavaca. The pier was destroyed in 2017 by Hurricane Harvey. The Texas Department of Emergency Management will reimburse the city for 90% of project costs as long as the city adheres to FEMA guidelines. Jody Weaver,… Read More