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BALTIMORE, MD – Tradepoint Atlantic (TPA) and Terminal Investment Limited (TiL) today announced the release of an economic impact study conducted by Infrata that finds that Sparrows Point Container Terminal (SPCT) will have a significant, generational impact on the State of Maryland. By 2035, SPCT is projected to add an additional $1.54 billion annually in benefits… Read More
The U.S. Navy has exonerated 256 Black sailors who refused to go back to work after an explosion that killed hundreds of people in 1944, the military service announced Wednesday. The blast that happened at the Port Chicago naval weapons station in California killed 320 people and injured 400 more. Mostly Black personnel and white officers… Read More
ILA President Harold Daggett Says Threat of October 1st Strike At Atlantic and Gulf Coast Ports Growing More Likely As Current Contract With USMX Expires in 80 Days NORTH BERGEN, NJ – (July 12, 2024) The leader of the International Longshoremen’s Association says the threat of a strike at all Atlantic and Gulf Coast Ports… Read More
NEW YORK –S&P Global Ratings assigned its ‘AA-‘ long-term rating to the Port of Seattle’s approximately $172 million series 2024A (non-AMT) intermediate-lien revenue refunding bonds and approximately $667 million series 2024B (AMT) intermediate-lien revenue and refunding bonds. The outlook is stable. Bond proceeds from series 2024A and a portion of the series 2024B will refund… Read More
The U.S. Coast Guard documented more than 200 ships losing power, propulsion, steering or suffering equipment failures since March 26. That’s the day a drifting cargo ship struck and collapsed Baltimore’s Key Bridge. The NTSB’s initial findings into the collision and Key Bridge collapse show the 112,000-ton cargo ship Dali lost power and control as… Read More
NORTH CHARLESTON, S.C. – Officials with the South Carolina Ports Authority are always monitoring traffic volume to determine what’s working. New data reveals that in fiscal year 2024, the ports saw a total final period container volume of more than $1.3 million. That’s actually down 3.5% from 2023 but port leaders say numbers fluctuate a… Read More
An upcoming addition to the Port of Baltimore will generate 8000 new jobs and add $1.5 billion to Maryland’s GDP, the groups behind the project said today. Tradepoint Atlantic and Terminal Investment Limited released the results of an economic impact study showing that the Sparrows Point Container Terminal is projected to hit those economic benchmarks… Read More
US port operators are opposing the Biden administration’s plan to impose a 25% tariff on Chinese-made ship-to-shore (STS) cranes, arguing it would harm port productivity and raise costs for consumers. The National Association of Waterfront Employers (NAWE) contends that the tariffs won’t deter manufacturers and could limit ports’ ability to handle larger ships. They also dispute cybersecurity… Read More
The California Governor’s Office of Business and Economic Development is funding 10 technology projects at some of the nations busiest containerized import stations. The California Governor’s Office of Business and Economic Development on Thursday announced it will award $27 million to support data system development and interoperability across five ports that handle 40% of all of the… Read More
The Ports of Los Angeles and Long Beach are pouring $25 million into new charging infrastructure for electric heavy-duty drayage trucks as California forges ahead with its long-term electric vehicle mandates. The San Pedro Bay ports will partner with regional air quality agencies to install 207 charging units at eight sites in Southern California in a project that will… Read More
The terminal, which has been closed since January 2023, will significantly expand handling capacity at the growing port. The South Carolina Ports Authority (SCPA) and the International Longshoremen’s Association reached an agreement to reopen the Hugh K. Leatherman Terminal “as soon as possible,” SCPA President and CEO Barbara Melvin said at a June 25 board… Read More
The Cordova Small Boat Harbor is opening for business upon completion of a two-year, $40 million renovation and upgrade. Turnagain (formerly Turnagain Marine Construction) executed the design-build contract to replace the old harbor, significantly expanding its capacity to accommodate 727 vessels and making it one of Alaska’s largest single-basin harbors. Collaboration Builds Success The rebuilt… Read More
BALTIMORE – The remaining structures of Baltimore’s Key Bridge will soon be demolished, according to the Maryland Transportation Authority, which includes the remaining ramps on either side of the bridge’s main span. Those portions of the bridge cannot be reused as part of a new Key Bridge. Demolition is scheduled to begin this summer or… Read More
The container ship Dali is gone. So, too, is the bulk of the 50,000 tons of wreckage that tumbled into the Patapsco River when the Francis Scott Key Bridge collapsed on March 26. Some of the last vestiges of the Key Bridge and its demise are the two existing ramps — which led to the bridge’s main… Read More
A Maryland board led by Gov. Wes Moore approved a $50.3 million emergency contract on Wednesday to pay a Swedish construction company that removed debris from the March collapse of the Francis Scott Key Bridge. While the work to remove debris from the federal channel in the Patapsco River was done by the U.S. Army Corps of Engineers,… Read More