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The Los Angeles Board of Harbor Commissioners has recently given its approval to a $2 billion annual budget for the Port of Los Angeles for the Fiscal Year (FY) 2023/24. The budget aims to increase investment in operational and public-access infrastructure at the port, as well as support various sustainability and decarbonisation initiatives, positioning the… Read More
Unions hope a $30 million grant to electrify tractors in a Long Beach, California, port terminal’s final push to become the world’s first zero-emissions facility will serve as a bulwark against lost jobs in an era of energy transition and increasing automation. The money from U.S. President Joe Biden’s administration for Long Beach Container Terminal’s… Read More
KEY POINTS Union Pacific lifted a temporary pause on all U.S. exports and empty containers to the ports of Los Angeles and Long Beach because of rail congestion. But the Pacific Ocean Region is now “red” on ITS Logistics’ U.S. Port/Rail Ramp Freight Index, citing a breakdown in talks between the ILWU and ports, and… Read More
With uncertainty over how long and how wide the disruptions will be in the current labor unrest at the West Coast ports, the National Retail Federation and National Association of Manufacturers are now calling for the Biden administration to engage with the parties to help them finalize a new contract. The retail trade group earlier… Read More
The Houston Ship Channel, an economic driver and a critical link to transporting goods and commerce with more than 200 countries around the world, generated $906 billion of economic value to the U.S. in 2022, reflecting a 13 percent increase since 2018, according to Port Houston’s latest economic impact study. The Houston Ship Channel complex encompasses… Read More
Watson Farley & Williams (“WFW”) has advised Pangaea Logistics Solutions Ltd. (“Pangaea”) on its acquisition of marine port terminal operations in Port Everglades/Fort Lauderdale and Port of Palm Beach in Florida, and the Port of Baltimore, Maryland from Host Terminals LLC (“Host”), in an all-cash transaction. Under the terms of the agreement, Pangaea will acquire… Read More
On 30th May, a fishing vessel sunk after colliding with a pilot boat on the James River at the Port of Virginia. According to the U.S. Coast Guard, it was alerted at 7:50 a.m. that the pilot boat, Swift, and a 38-foot deadrise-style fishing vessel, Miss Heather, had collided near the Newport News Small Boat… Read More
The World Port Climate Action Program (WPCAP) will be extended with a new focus on shore power, new fuels and green shipping corridors. This was agreed by the CEOs and leaders of 12 leading ports at a meeting in Rotterdam on the occasion of the first five years of the program. WPCAP members praised the… Read More
During the regular meeting of Port Commission of the Port of Houston Authority, Port Houston Chairman Ric Campo announced the results of the latest study of the economic impact of the Houston Ship Channel and Port Houston. “The Houston Ship Channel and the more than 200 private and eight public terminals along it continue to… Read More
At the Port of Los Angeles, inside a massive warehouse that now incubates ocean-related research and innovation, a shipping container filled with energy technology will soon be installed on a jetty next to the water. The equipment will connect to floating devices that capture energy as waves move up and down—a system that theoretically could cover… Read More
Port Freeport in the US Gulf Coast has celebrated the completion of the Berth 8 Construction Project. On 30 May, Port Freeport and guests joined together for a ribbon cutting ceremony to mark the finalisation of the project. On 14 November 2019, the Port Freeport Commissioners approved a construction contract with McCarthy Building Companies, Inc…. Read More
Leveraging its position as a Top 5 Container Port in the U.S., Port Houston will host its 2nd annual Houston International Maritime Conference (HIMC23) on October 30 – November 1, 2023. The conference will tackle broad maritime industry challenges and opportunities that will shape the entire global supply chain, with specific focus on Port Houston’s commitment… Read More
Despite being significantly down from last year, the three biggest ports in the U.S. have all seen month-over-month gains in both March and April. The Port of Los Angeles processed the most TEUs of the three in April at 688,110, down 22 percent from last April but up 10 percent from March. March numbers in turn were… Read More
South Carolina’s ports have witnessed an upswing in cargo volumes during the month of April. The positive trend can be attributed to the robustness of the Southeast market, which has attracted significant investments from retail importers and advanced manufacturers, amounting to billions of dollars. During April, SC Ports successfully moved 214,101 TEUs and 119,572 pier… Read More
The Jacksonville Port Authority (JAXPORT) is seeking a tenant for 79 acres at property located at the existing Talleyrand Marine Terminal. JAXPORT is currently soliciting proposals from Qualified Companies with the operational experience, financial capability and business vision to enter into a long-term lease agreement for the development JAXPORT-owned industrial in Jacksonville. Specifically, JAXPORT seeks one or… Read More