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The Port of Corpus Christi’s multi-billion dollar Harbor Island project in Port Aransas will be allowed to move forward, after the 13th Court of Appeals lifted a stay on the project Monday. The court denied a petition filed by former port commissioner Kenneth Berry to halt the project based off claims the port, in part,… Read More
The closure of a portion of the Houston Ship Channel in the aftermath of the days-long Deer Park chemical fire could cost the petroleum and petrochemical sectors an estimated $1 billion in direct and indirect costs and lost revenues, experts said. Shutting down a major chunk of the Port of Houston for a few days… Read More
After more than a decade of planning, the Port of Iberia is finally positioned to begin a project designed to open the port to larger barges and ships. The Acadiana Gulf of Mexico Access Channel (AGMAC) dredging project would allow for the dredging of a 16-foot deep channel all the way from the port to… Read More
The Montreal Port Authority (MPA) and LOGISTEC Corp. yesterday announced a second phase expansion for Viau Terminal. Since a first phase was completed in 2016, the terminal has handled about 350,000 containers annually. Pegged to start in September and conclude in late 2020, the second phase is designed to boost annual capacity to 600,000 containers…. Read More
On Wednesday, South Carolina Ports Authority reported the strongest February container volume in its history and nearly 12 percent fiscal year-over-year growth. SCPA moved 178,131 twenty-foot equivalent container units (TEU) during the month of February, with 1.6 million TEUs handled since the fiscal year began in July. As measured by the total number of boxes… Read More
At a space-themed ceremony today, the Canaveral Port Authority and longtime cruise partner Carnival Cruise Line officially broke ground for construction of Port Canaveral’s new Cruise Terminal 3 complex. The new terminal, dubbed the Launch Pad, will be the home of Mardi Gras, the cruise line’s newest and most innovative ship, beginning in 2020. Port… Read More
FLORENCE, S.C. – South Carolina Ports Authority CEO James Newsome on Tuesday afternoon listed three areas of potential growth for Inland Port Dillon: retail distribution, export transload facilities, and manufacturing. Newsome, who has been president and CEO of the South Carolina Ports Authority since Sept. 1, 2009, was the featured speaker at the Greater Florence… Read More
The port plans to spend $19.6 million expanding container capacity at one berth and is working its its cargo operator, Ports America, to help pay for other container-related enhancements. TAMPA — Now that its cargo business is ramping up, thanks largely to two new weekly container ships from Asia, Port Tampa Bay has a new… Read More
The Port of Corpus Christi is preparing to ink a lease for a crude oil terminal on Harbor Island that could result in billions of dollars in new revenue. The port commission will meet Tuesday to decide whether to approve a 50-year lease with Lone Star Ports LLC, a joint venture between The Carlyle Group… Read More
Good-paying jobs for men and women — that’s one reason why Sen. Rick Scott says he’s pushing for millions of dollars in funding for Florida ports. “There are a lot of jobs around our airports for tourism and our ports especially for trade and if we do those things we’re going to continue to grow… Read More
The Port of Long Beach, California is booming, and it is preparing for even more growth despite trade tensions between the U.S. and China. It is also putting serious funding and effort into reducing its environmental footprint, striking a careful balance between rapid growth, competitiveness and community responsibility. Rapid growth Long Beach is the second-largest… Read More
Carlyle and commodities trader Trafigura AG are vying to open the first Texas port in Corpus Christi that can fully load supertankers. Carlyle has partnered with the port for a dredging project that would enable it to fully load supertankers capable of carrying 2 million barrels of oil to destinations worldwide. Trafigura has proposed an… Read More
Two of the biggest container ports on the U.S. East Coast received top billing from President Trump’s 2020 budget plan that allows their harbor deepening projects to remain on schedule for completion within three years. The South Carolina Port Authority (SCPA) was budgeted for $138 million to continue deepening Charleston harbor to 52 feet. The… Read More
The first phase of a $375 million expansion project for the Norfolk International Terminals (NIT) concluded this month, expanding capacity by 12 new container stacks. The Port of Virginia wove this into part of a $375 million expansion project scheduled to be completed in 2020. In all, 30 semi-automated container stacks served by 60 new… Read More
Carlyle Group Managing Director Ferris Hussein speaks with reporters at CERAWeek by IHS Markit. The Carlyle Group is investing $400 million into developing a crude oil export terminal near Corpus Christi. A Washington investment firm is making a $400 million bet that will allow Corpus Christi to regain and keep its status as the top… Read More