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The Port of Los Angeles processed 487,846 Twenty-Foot Equivalent Units (TEUs) in February, a 43% decrease from the previous February’s all-time record. “February declines were exacerbated by an overall slowdown in global trade, extended Lunar New Year holiday closures in Asia, overstocked warehouses and a shift away from West Coast ports,” said Port of Los… Read More
Enstructure, a leading U.S. marine terminal and logistics company, announced today that it has acquired Richardson Companies (“Richardson”). Founded in 1969, Richardson is a premier terminal and logistics company with primary operations in Port Houston and the Port of Mobile. Richardson is an industry leader in breakbulk operations, handling a diverse mix of breakbulk cargoes, including… Read More
As anticipated, US container imports in February were massively down from the highs of the previous year, with US west coast ports in particular suffering a huge 37% drop. According to the McCown report, which covers the top ten US container ports, import throughput last month fell a record 28%, to 1,454,438 teu, the lowest… Read More
Fears of a slowing economy are leading to fewer containers moving across the Charleston waterfront, with the State Ports Authority reporting a nearly 13 percent decline in February compared to the same month a year ago. Imports, which drove port traffic throughout the pandemic as homebound consumers went on a spending spree, took the biggest… Read More
The Port of Los Angeles has witnessed a significant throughput decline last month, moving 43 per cent less than its previous February’s all-time record. Total cargo at the port reached 487,846 TEU in February, while container traffic at neighbouring Port of Long Beach also declined to 543,675 TEU last month, down a third from the same… Read More
A combination of the Lunar New Year, ongoing labor negotiations and concern about a slowing global economy resulted in the Port of Los Angeles seeing a 43% year-over-year drop in container cargo in February. The port processed 487,846 20-foot-equivalent containers, down from last year’s 857,764. “February declines were exacerbated by an overall slowdown in global trade, extended… Read More
Paul Matthews, CEO of the Port of South Louisiana, sat down with Biz New Orleans this week to provide an update on the port’s plan to purchase the Avondale Global Gateway for $445 million from Virginia-based maritime company T. Parker Host. The facility is the site of the former Avondale Shipyard, which at one time… Read More
European ports are preparing for a major regulatory change next year in how the hundreds of companies in their global supply chains address cybersecurity as ports have become a target for criminal hacker groups and state-sponsored attacks. Cybersecurity rules approved by the European Union for pharmaceuticals, transportation, energy and other critical infrastructure companies are set to take effect in 2024 and… Read More
The California Association of Port Authorities (CAPA) issued the statement as the governments of California and Japan announced a letter of intent that pledges to develop green shipping corridors along a critical trade route in the global supply chain. Today, the California Association of Port Authorities applauded the announcement that the State of California would… Read More
From record volumes a year earlier the Port of LA handled 487,864 teu in February 2023, a 43% drop on the same month in 2022. “February declines were exacerbated by an overall slowdown in global trade, extended Lunar New Year holiday closures in Asia, overstocked warehouses and a shift away from West Coast ports,” said… Read More
Cruising is making a big comeback. Cruise lines say bookings are rolling in like tall waves. And the Port of Galveston is welcoming new ships and terminal upgrades. Cruise passengers are bidding a farewell to the pandemic, and saying ‘all aboard’ to deals that have been up to 30% off. But that high demand is already starting… Read More
This weekend marked the first time in PortMiami’s history that a cargo vessel, the Motor Vessel (M/V) Seaboard Blue, was bunkered at PortMiami using liquified natural gas (LNG) as a fuel. Shell, using its Q4000 bunker barge, filled the Seaboard Blue with LNG prior to its inaugural southbound sailing to Honduras and Guatemala. The 1,000… Read More
A total of $17.6 million was divided equally among four contractors by county commissioners last week, a step forward in Miami-Dade County’s masterplan for Port Miami. “The current magnitude of the Seaport’s Capital Improvements Program (its 2035 master plan) and its complexity,” Mayor Daniella Levine Cava explained in a report to the commission, “requires teams… Read More
The Bellingham Shipping Terminal wharf is being upgraded this year as part of an ongoing rehabilitation project. This project includes the replacement of a deteriorated structural component at the Central Terminal, dock repairs at the South Terminal and maintenance dredging of high spots underwater, according to Port of Bellingham spokesperson Mike Hogan. The goal of… Read More
Three cranes originally scheduled to be removed from the Port of Baltimore’s Seagirt Marine Terminal Thursday will now begin their journey to a new home on Saturday morning, the Maryland Transportation Authority said. The three cranes have been at the Seagirt Marine Terminal since its opening. To avoid distracting drivers on the Francis Scott Key and… Read More