Ocean Ports & Carriers: Page 101

Ocean Ports & Carriers

Ports America To Exit Port Of Oakland, Invest Elsewhere

Ports America is active in planning its expansion and investment opportunities in its existing locations at both the Port of Tacoma and the ports of Los Angeles and Long Beach.

Idle cranes at the Port of Oakland.

Ocean Ports & Carriers

Amazon Moves Into Ocean Freight Forwarding

The Seattle retailer registered itself with a federal agency overseeing ocean transportation, a step towards allowing it to serve as an intermediary for suppliers shipping merchandise in or out of the U.S.

A slowdown in Chinese economic growth has hammered the global shipping industry, which exited the Great Recession to take advantage of low interest rates to buy new ships to handle a rising amount of coal, iron ore and consumer goods. But as China’s factories scale back and the economies of Europe and North America gear down, the amount of cargo traversing the oceans has slowed.

Ocean Ports & Carriers

Virginia Port Signs First U.S. Port Trade Agreement With Cuba

Port of Virginia

The recently-opened Mariel Port, just west of Havana, aims to become a major shipping center as larger ships pass through the Panama Canal and use it as a logistical hub.

Governor McAuliffe (third from left, back row) and the Port of Virginia delegation witnessing the signing of MOU between the Port of Virginia and the Cuban National Port Authority.

Presidential Politics Threatens Trans Pacific Partnership Pact

From small freight brokers like Portland, Ore.-based Geo. S. Bush & Co. Inc. to global logistics giants like United Parcel Service Inc., supply chain providers are gearing up for a surge in business they believe the historic agreement will bring to Pacific trade.

Ocean Ports & Carriers

Imports Surge At U.S. Ports

Imports through major U.S. ports surged in November as retailers resumed bringing goods into the country after slowing their restocking earlier in the fall.

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Florida: Primed For Perishables

Across the Sunshine State ports and infrastructure are ready for the expansion of the Panama Canal with hopes to become the preferred destination of perishables from the Americas.

An aerial view of PortMiami's recently completed deep dredge project that makes the port the only global trade hub south of Virginia capable of handling post-Panamax ships.

Tracking The Future Of Food Logistics

A focus on transportation fundamentals contrasted with developments in food safety and security, telematics, the IoT, grocery e-commerce, and new ways to think about agriculture and consumption are leading the list.

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CCM CGM Agrees To Acquire Neptune Orient Lines

CMA CGM, a global leader in container shipping, announced a pre-conditional voluntary general cash offer for Neptune Orient Lines (NOL), Southeast Asia’s largest container shipping company, subject to the satisfaction of the pre-conditions specified in su

CMA CGM has made a preliminary offer for Neptune Orient and is conducting due diligence, though it hasn’t been granted exclusivity, while discussions with Maersk are less advanced, people with knowledge of the matter said before Neptune Orient’s announcement.

E-Commerce Solutions

E-Commerce Gives Online Shipping Carriers An Edge As Holidays Approach; Railroads, Ocean Vessels And Truckers Sales Fall

Physical retailers are sitting on near record-high inventories as consumer spending hasn’t yet caught up with hopes of a surge stoked by low gasoline prices.

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Triton Container International And TAL International Merge, Creating Largest Intermodal Freight Container Fleet

Triton International

Under the terms of the transaction agreement, Triton and TAL International will combine under a newly-formed holding company, Triton International Limited, which will be domiciled in Bermuda and is expected to be listed on the New York Stock Exchange.

The transaction, which has been unanimously approved by the boards of directors of both companies, will create the world’s largest lessor of intermodal freight containers with a combined container fleet of nearly five million twenty-foot equivalent units (TEU) and revenue earning assets of $8.7 billion.

Ocean Ports & Carriers

Georgia and South Carolina Ports Authorities Partner on Ocean Terminal

Georgia Ports Authority

The updated agreement outlines the development of terminal design and infrastructure, plans for financing and execution of the operational decisions during the permitting process.

The South Carolina State Ports Authority and the Georgia Ports Authority will jointly own and operate the terminal, which will be located in Jasper County near the entrance of the Savannah Harbor.

Ocean Ports & Carriers

U.S. Ports Post Big Decline In September And October

For the first time in at least a decade, imports fell in both September and October at each of the three busiest U.S. seaports, according to data from trade researcher Zepol Corp.

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