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BlackRock, its subsidiary Global Infrastructure Partners and Terminal Investment Limited have inked a $23 billion deal to acquire majority stakes in two ports in Panama from CK Hutchison. The deal is an opportunistic move as China’s involvement with the ports has raised concerns from the Trump administration, according to PitchBook analyst Jonathan Geurkink. China has been using the ports to… Read More
A proposal from the United States Trade Representative’s (USTR) office that would charge Chinese ships up to $1.5 million to call at U.S. ports could disrupt ocean carriers and potentially cause headaches for shippers and end consumers alike. The hawkish measure from the USTR office was recommended after a months-long probe into China’s maritime, logistics and shipbuilding… Read More
BRUNSWICK — The board of the Georgia Ports Authority voted Monday on a lease with Wallenius Wihelmsen Americas LLC, and to continue improvements at GPA’s bulk facility on Colonel’s Island. The approvals at the board meeting on St. Simons Island are in keeping with the $152 million investment the authority plans to make in the… Read More
Aggressive US backlash against Chinese maritime dominance could see Chinese-built vessels charged up to US$1.5 million when entering US ports Given the massive numbers of Chinese ships now in fleets around the world, international freighting firms are worried The US has proposed charging up to US$1.5 million for Chinese-built vessels entering the country’s ports in… Read More
WASHINGTON – The US economy is starting to show signs of strain as President Donald Trump’s abrupt moves to shrink federal spending, lay off government workers and impose tariffs on America’s largest trading partners rattle businesses and reverberate across states and cities. Funding freezes and firings of federal workers, combined with the prospect of costly… Read More
Feb 25 (Reuters) – More than 45,000 U.S. dockworkers represented by the International Longshoremen’s Association ratified a new six-year contract on Tuesday, formalizing a deal that offers bumper pay hikes and averts any potential disruption until 2030. Terms of the contract, previously agreed upon by the labor union and the United States Maritime Alliance, included… Read More
WASHINGTON – The U.S. Trade Representative’s office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S. ports as part of its investigation into China’s growing domination of the global shipbuilding, maritime and logistics sectors. USTR said in a January 16 report on a probe, opens new tab launched during the administration of former President… Read More
Why is 2025 such an important year for shipping decarbonisation? A quick guide to why 2025 is such an important year for shipping decarbonisation. International shipping is the lifeblood of the global economy, transporting more than 80 percent of all goods. However, the same system that the world depends on for efficient transport comes with… Read More
The Port of Richmond proudly announces that Dutra, a leading provider of dredging, marine construction, and aggregate services, has expanded its operations at the port with the lease of Basin 1 at the historic Point Potrero Marine Terminal (PPMT). This expansion marks a significant milestone in the port’s commitment to fostering business growth and supporting… Read More
During Georgia Ports Authority annual ‘State of the Ports’ conference, port officials announced plans for the Talmadge Bridge, the Savannah River and their outlook through 2030 Source
Volumes up 25.4%, exceeding 5-year average for imports and exports The NWSA started the year with strong cargo growth as high vessel schedule reliability, consistent rail service, and new customers contributed to January volumes exceeding the 5-year average. Full international imports increased 34.7%, the eleventh consecutive month of growth and 9.5% above the gateway’s five-year… Read More
TALLAHASSEE, Fla. – Florida port leaders continue to point to supply-chain problems in recent years as they push lawmakers to increase transportation infrastructure funding. Appearing before the House Economic Infrastructure Subcommittee on Thursday, a panel of port officials pointed to a need for improvements as a hedge against future supply logjams and to offset competition from… Read More
By Noah Hertz Gov. Ron DeSantis announced Friday that Lynda Kirker will fill a vacant seat on the St. Augustine Port, Beach and Waterway Authority Board. Kirker, who lives in St. Augustine, is a retired chief financial officer of Flagler Hospital and works as a certified public accountant. Jacksonville Today thanks our sponsors. Become one. Speaking… Read More
The Port of Los Angeles has processed 924,245 TEUs in January 2025, the busiest start in the port’s 117-year history, up 8 per cent over the previous year. January 2025 loaded imports totalled 483,831 TEUs, a 9.5 per cent increase over the previous year. Loaded exports came in at 113,271 TEUs, a 10.5 per cent decline from 2024…. Read More
INDIANAPOLIS – Ports of Indiana has hired maritime logistics executive David Parrott to serve as the statewide port authority’s Chief Operating Officer. Parrott has worked in the marine industry for 30 years as a former CEO of Liberty Terminals, vice president of operations for Metro Ports, and international logistics manager for Schneider Logistics and Wallenius… Read More