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Labour disputes at key maritime gateways are continuing to spread, increasing port delays and disrupting international supply chains, fuelled by an escalating cost of living crisis. While much attention has been focused on European and North American disputes, the wave of port strikes has been spreading to the southern hemisphere, South Africa, Chile and Australia… Read More
For the past 22 years, the Port of Los Angeles has been the busiest container port in North America, moving around 10 million cargo containers filled with goods for Americans and bringing in roughly half a billion dollars in revenue each year to the state of California. But for the past three months, the Port… Read More
By Judith Powers On December 5, the South Carolina Ports Authority celebrated the completion of its five-year channel deepening project, officially opening the new 52-foot channels with a gathering of participants and stakeholders at the Mount Pleasant Waterfront Park near the harbor entrance. Charleston is now the deepest harbor on the U.S. East Coast. Guests… Read More
Shipping giant CMA CGM Group has signed a binding agreement to acquire two container terminals in the Port of New York and New Jersey as part of the group’s efforts to strengthen its terminal operations and investment in the North American market. The investment comes at a time when the Port of New York and… Read More
Following a significant increase in throughput causing months of backlogs as containerships waited for berth space, the Georgia Ports Authority (GPA) has unveiled a plan to upgrade and realign port operations in the Port of Savannah. The U.S.’s fourth-busiest container port, Savannah has witnessed a substantial increase in throughput with August and October being its… Read More
It’s the direct vessel service that could open new doors for European business locally. It was a day of note for JAXPORT as the money came in to facilitate a long-discussed raising of power lines over the St. Johns River. The initial million dollars arrives in fiscal year 2023, with more than $16 million on the way… Read More
The Belledune Port Authority (BPA) has signed a Memorandum of Understanding (MOU) with Germany’s largest seaport, the Port of Hamburg, to collaborate on the movement of dry and liquid bulk commodities, and manufactured products, between Canada and Germany, with a focus on clean fuels and green products. The Port of Hamburg, located on the River… Read More
Lee Cranford stood on a grassy rise behind his office at the Virginia Inland Port and pivoted slowly, pointing into the near distance toward one massive building after another. Interbake. Sysco. Ferguson. Nature’s Touch. Toray. Axalta. Family Dollar. The companies trade in products as varied as frozen foods and plumbing supplies, but all rely on… Read More
Enviva Inc. (NYSE: EVA), the world’s leading producer of sustainably sourced woody biomass, held a ceremonial ribbon cutting at its recently opened marine export terminal at the Port of Pascagoula, Miss., on November 30. The event commemorates Enviva’s commitment to deliver positive economic impact, growth, and green jobs to Mississippi, as well as the company’s… Read More
The Port of Houston Authority is planning to add capacity by converting Bayport Container Terminal (BPT) into an additional container yard. The plan involves converting a total area of 100 acres at BPT in Bayport East End effectively increasing container volumes while improving terminal efficiency and reducing emissions. The East End was originally developed as… Read More
Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced it has entered into a long-term sale and purchase agreement (SPA) with INEOS, for the supply of liquefied natural gas (LNG) from Phase 1 of its Port Arthur LNG project under development in Jefferson County, Texas. Under the SPA, INEOS has agreed to purchase approximately 1.4 million… Read More
The Port of Seattle has approved the largest capital plan in its history at $5.3 billion over the next five years, alongside a property tax increase of $78.42 annually per average homeowner. The Center Square previously reported on the proposed property tax levy and how it would be a 2% increase from $78.7 million in 2021… Read More
Increased investment is required all across the maritime supply chains to better prepare for future global crises and to continue the emergence of developing economies says a new report from the UN Conference on Trade and Development (UNCTAD). The agency, which focuses on economic development, cites the disruptions caused by the pandemic as well as… Read More
The Port of Seattle Commission approved final adoption of the Port’s 2023 budget and five-year capital plan today, proposing historic investments in our facilities and organization. These investments will enable the Port to support key industries, lead on environmental sustainability, and deliver for the people who rely on the port even in uncertain times. “Local industries and… Read More
The Port Authority of New York and New Jersey released the agency’s proposed $8.3 billion 2023 budget, which consists of $3.7 billion for operating expenses, $2.9 billion for annual capital spending, and $1.7 billion for debt service and deferred expenses. Following a $3 billion revenue loss during COVID-19, the proposed 2023 budget ensures that the… Read More