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Container lines can reserve transits of vessels of up to 14,000 twenty-foot-equivalent units through the Panama Canal, providing carriers with the ability to gain greater economies of scale, which may or may not be passed onto shippers. READ FULL ARTICLE HERE
This year’s high river conditions on the lower Mississippi River have again deposited enough sediment in Southwest Pass to continue to disrupt shipping, costing operators millions of dollars, industry officials told the Mississippi River Commission on Friday (April 15). The navigable depth of Southwest Pass has dropped to 42 feet, when the channel is authorized to… Read More
Jailed former Guatemalan President Otto Perez was accused on Friday of negotiating and receiving part of a $25 million bribe in exchange for granting a port concession to a Spanish company, the attorney general’s office said on Friday. The latest accusation comes a year after a bribery scandal toppled Perez’s government, forcing his resignation and… Read More
Drayage and inland infrastructure bottlenecks that have long been a drag on growth at state-owned Chennai Port continue to drive up demand for alternative port options on India’s east coast. READ FULL ARTICLE HERE
The Patrick Port Botany Sydney terminal is closed as members of the Maritime Union of Australia participate in a 48-hour strike, with more work actions planned at the Brisbane container terminal next week. The stoppage, close behind one at Fremantle last week, has its roots in the breakdown of negotiations on employment terms and conditions… Read More
The U.S. government should concentrate harbor deepening funds on the most important gateways instead of scattering limited resources across multiple projects, said Curtis Foltz, CEO of the Georgia Ports Authority. Foltz suggested that the government identify the 10 or so most important gateways for major cargoes such as containers and bulk commodities, and give them… Read More
The high cost of dredging—deepening and maintaining port channels—is often cited as the main reason why ship calling costs, or so-called vessel-related charges, are high at Indian ports, compared with other harbours in Asia. This is because dredging costs are recovered from ships docking at the ports to unload and load cargo. That makes it… Read More
Several state lawmakers on Monday vowed to champion a hurricane protection system for the Texas coast — the Houston region, in particular — by giving money to scientists so they can finalize storm surge barrier proposals, or by working with members of Congress to bypass a lengthy U.S. Army Corps of Engineers process and secure… Read More
India’s ports sector continued its financial recovery in fiscal year 2015 to 2016 after its 12 major state-owned ports, known as major ports, booked an increase in operating profit of 19 percent. The country’s 12 public port trusts registered a combined operating profit of Rs. 4,268 crore ($641.5 million) in the year ending Mar. 31,… Read More
A port funding request that could provide revenues for dredging as the Los Angeles/Long Beach port complex prepares for the new megaships moved forward Tuesday when the House Committee on Appropriations included it in a draft bill. U.S. Rep. Janice Hahn’s request for $1.26 billion — which, if eventually approved, would be divvied up among… Read More
On Saturday, Iran’s official oil and gas media outlet, Shana, announced that India intends to spend $20 billion on developing energy and petrochem projects at the port of Chabahar in southeastern Iran, the closest deepwater Iranian port to the subcontinent. The Indian minister of petroleum and natural gas, Dharmendra Pradhan, said after a meeting with… Read More
Thousands of tonnes of materials have been ordered by the Government to address flood issues in the Shannon region – despite there being no new plan to handle the problem. Locals on the banks of the country’s largest river have been calling for urgent works to be carried out to prevent a recurrence of last… Read More
For the first time since the recession, the city is putting aside money for several years of beach restoration. It will keep the beach from Rudee Inlet to 89th Street on a regular replenishment schedule and reduce some of the concerns among beachfront residents such as Pearson. In this year’s proposed budget, the city plans… Read More
In the next year and a half, Long Beach residents could see a plan take shape that could tear down or otherwise modify the massive breakwater that sits offshore. About 50 people attended a community meeting at Bixby Park Community Center Thursday afternoon hosted by Mayor Robert Garcia and the U.S. Army Corps of Engineers,… Read More
The latest Container Shipping Forecaster from MSI suggests a more positive market outlook for the container shipping sector in 2016 than the analysis of most of its peers. Though its supply-side predictions are broadly aligned with those of Drewry and Alphaliner, MSI makes a more optimistic forecast on the demand side – indeed its trade… Read More