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BALTIMORE, MD—The Helen Delich Bentley Port of Baltimore is breaking records after years of steady decline. According to data released by the state of Maryland, the port processed approximately 52.3 million tons of foreign cargo in 2023, shattering the previous record of 44.2 million tons in 2019. The impressive number of foreign cargo arrivals is linked to a… Read More
Imagine standing at the edge of one of America’s bustling ports—machinery humming, cranes towering against the skyline, and workers guiding the ballet of cargo containers. This vivid scene is set to transform even further as the Biden administration earmarks a staggering $21 billion to rejuvenate the nation’s maritime gateways. At the heart of this initiative,… Read More
The United Nations Conference on Trade and Development (UNCTAD) recently highlighted the critical challenges facing global trade due to disruptions in key maritime shipping routes. In its report, “Navigating Troubled Waters: The Impact to Global Trade of Disruption of Shipping Routes in the Red Sea, The Black Sea, and the Panama Canal,” UNCTAD delves into… Read More
Amid mounting scrutiny and an executive order over “national security” concerns surrounding Chinese-made cranes, US ports are continuing to operate and commission them. US President Joe Biden issued an executive order Wednesday addressing cybersecurity and espionage concerns over Chinese-made cranes in use at American ports. The administration also pledged $20 billion toward infrastructure security over… Read More
Developers of a new $1 billion container terminal at Tradepoint Atlantic in Baltimore County, Md., say they expect to break ground by the end of next year and open in 2028, creating 1,100 jobs. But much of that timeline depends on navigating a complex government permitting process and resolving environmental issues, such as how to safely dispose… Read More
KEY POINTS The Biden-Harris administration is announcing a series of actions to strengthen the cybersecurity of America’s ports. President Biden is to sign an executive order on Wednesday. One key issue, according to senior administration officials, is the 80% of ship-to-shore cranes moving trade at U.S. ports that are manufactured in China. The Biden administration… Read More
THE MARITIME ASSOCIATION OF THE PORT OF NEW YORK AND NEW JERSEY ANNOUNCES 2024 INTERNATIONAL MARITIME HALL OF FAME HONOREES Award presentation slated for May 15th in New York City New York, February 20, 2024— The Maritime Association of the Port of New York and New Jersey (MAPONY/NJ) announces the 30th International Maritime Hall of Fame (IMHOF) award dinner… Read More
The Port of Los Angeles handled 855,652 TEU in January, the second-best start to the year on record. It was the sixth straight month of year-over-year (YoY) growth, trailing only the pandemic-induced freight boom in 2022, and it outperformed January 2023 by 18 per cent. Port of Los Angeles Executive Director Gene Seroka said: “Two… Read More
The Council of the EU announced that the defensive operation will have an initial one year duration and a mandate to protect commercial vessels against attacks at sea by providing situational awareness and accompanying ships in the region. In its announcement, the EU said it would cooperate with “like-minded international partners” but the creation of… Read More
Approximately 80% of all S&P 500 companies have reported fourth-quarter earnings as of last Friday, and of those, 75% have reported earnings per share (EPS) above estimates. That’s well above the 10-year average, according to FactSet. The reason I bring this up is because many investors and pundits appear to believe that the only stocks doing well… Read More
Over the past 10 years, Tradepoint Atlantic has worked to clean up the infamous remnants of the Bethlehem Steel Days to bring back new reimagined glory days to the Port of Baltimore. “This is the next major phase of redevelopment and clean up at Sparrows Point,” said Aaron Tomarchio, Executive Vice President of Tradepoint Atlantic…. Read More
The Georgia Ports Authority sets export record for the third year consecutive year; the Alabama Port Authority and CSX partner to launch a new intermodal facility; and the Port of Cleveland receives $32 million to modernize its facilities. Georgia breaks export record with almost $50B in trade in 2023 For the third consecutive year, exports… Read More
MOUNT PLEASANT, S.C. (WCIV) — In 2022, South Carolina Ports broke ground on its Navy Base Intermodal Facility, a project that could change the flow of cargo traffic in the area and bring economic change to the state. Port leaders say the facility is on schedule to open in 2025. The Navy base will become a… Read More
One major repair project at Port Manchac is nearing completion, and another could potentially be going out for bid in the next three to four months. South Tangipahoa Parish Port Commission Executive Director Patrick Dufresne told commissioners during a commission meeting Wednesday that the long-awaited new truck scale, damaged during Hurricane Ida, should soon be… Read More
The Port of Los Angeles and the Port of Long Beach are both rebounding from a down year in 2023. In January, the Port of Long Beach saw a 17.5% increase in cargo compared to the same time last year. Port of Long Beach CEO, Mario Cordero, joined “Inside the Issues” host Amrit Singh to… Read More