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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
The Port of Virginia continues to move near-peak season cargo volumes, thanks in part to the completion of all 13 new container stacks at Virginia International Gateway (VIG) – bringing the total number of stacks at the terminal to 28. It was the best February in the port’s history with 228,151 TEUs (twenty-foot equivalent units),… Read More
Championing Social Justice and Environmental Leadership The Port of Hueneme capped off a week of focus on California’s ports in February 2019 with a groundbreaking for their newest project, deepening the harbor an additional five feet. The project is largely funded by a $12.3 million TIGER Grant (Transportation Investment Generating Economic Recovery) from the U.S…. Read More
If successful, a 4th cruise ship berth would open in Seattle’s Pioneer Square near 1st and Main by 2022. The Port of Seattle is open for a sea change on Terminal 46. On Tuesday, the Commission voted 5-0 to release a ‘Request for Qualifications’ for a $200 million dollar renovation of the Terminal’s north side,… Read More
HOUSTON–(BUSINESS WIRE)–In his first weeks as Port Houston Commission Chairman, Ric Campo stressed his firm commitment to finding a solution to the concerns raised regarding one-way vessel traffic to accommodate the larger container ships calling the Houston Ship Channel. Wednesday, Campo provided testimony before the Texas Senate Committee on Ports Hearing and underscored his priority… Read More
Pixabay, MGN SAVANNAH, Ga. (AP) — President Donald Trump wants another $130 million to continue deepening the shipping channel to Savannah’s busy seaport. RELATED: New funding for Savannah Harbor Project could mean jobs, more for the midstate Trump’s budget request for fiscal 2020 would be the federal government’s largest annual expenditure yet on the $976… Read More
(IMG: WPMI) MOBILE, Ala. (WPMI) — The Port of Mobile has more than an $8 billion impact annually, which is certainly not chump change. But the modern era requires the channel to be widened and deepened for bigger ships. According to Port Executive Director Jimmy Lyons, that means five feet deeper than its current status… Read More
Houston — The Port of Corpus Christi should be able to load Aframaxes, Suezmaxes and partially loaded VLCCs to export US crude to international markets by October 2020, an executive with The Carlyle Group, an investor in the port’s expansion, said Tuesday. “We expect to be operational in October 2020 at 54 feet,” Ferris Hussein,… Read More