In-transit visibility options have skyrocketed over the past several years, making it easier than ever to track a shipment’s en route movements. The same cannot be said, however, for terminal visibility.
Cargo is moving a bit more smoothly at the Southern California ports, giving officials reason to hold off assessing stiff storage fees.
CEO Rodolphe Saadé says the CMA CGM Group is acquiring Fenix Marine Services to effectively manage its West Coast port operations.
The Los Angeles/Long Beach cargo community is confused about punitive fees on ocean carriers designed to expedite the clearance of containers from marine terminals.
The port congestion crisis is Southern California is not getting any better.
The Louisiana International Terminal will be capable of handling 2 million twenty-foot equivalent units annually.
Maersk plans sudden switch from Staten Island to New Jersey. The Staten Island terminal is fighting back.
Best February ever recorded despite challenges from coronavirus pandemic.
Ports of Seattle and Tacoma still operating normally but handling less cargo.
A new APM Terminals container terminal in Italy also expects to capture cargo moving to and from Switzerland, Germany and France.
Box-port operator Asian Terminals has seen a massive surge in nine-month revenues and profits but it has also witnessed a downturn in the third quarter of 2019.
Digitalization comes with its share of problems and it is vital for businesses to understand what the technology means before they go ahead and adopt it within their operations.
A study sponsored by Canadian dockworkers has tried to quantify the impact of container terminal automation.
PSA International Pte Ltd said it has completed the acquisition of Halterm Container Terminal in Halifax, Nova Scotia, from a fund managed by Macquarie Infrastructure and Real Assets.
Waterfront tensions are increasing as the Maritime Union of Australia declares more wharfside strikes around the country.
Australia’s import, export and logistics industries are in dismay at a massively escalating series of surcharges that are being unilaterally charged to truckers and shippers by the nation’s main box terminal operators. There have been hikes in surcharges of hundreds of percentage points. And, in one case, an imposed surcharge was literally increased over a couple of years by 2,372 percent. Industry executives are furious.
There has been a steep drop in the volume of box traffic handled at Hong Kong, one of the world’s busiest box ports. Containerized throughput at Hong Kong took a dive in the first three months of 2019 when compared to the first quarter of 2018, according to preliminary figures from the Hong Kong Marine Department. Box traffic was down, on average, by 10.2 percent in the first quarter of 2019 compared to the first quarter of 2018.
Global mega-box port operator China Merchants Port Holdings recorded a 6 percent increase in its world box throughput in 2018 compared to the year before. The Hong Kong Stock Exchange-listed port operator revealed its throughput details while disclosing that it had generated revenues of HK$10.16 billion (US$1.29 billion) in its annual report.
Ports, logistics and finance conglomerate China Merchants Port Holdings announced a massive jump in operating revenues and a rise in profits for the year ended December 31, 2018. Hong Kong Stock Exchange-listed China Merchants, which operates box and bulk ports primarily in China but also around the world, reported revenues of HK$10.16 billion (US$1.29 billion). That’s a 16.9 percent increase on the previous calendar year’s figure of HK$8.7 billion.
International terminal mega-operator, DP World, has announced a solid set of results for 2018. Revenues, earnings before interest taxation depreciation and amortization (EBITDA), and net profit all substantially increased last year compared to 2017. Acquisitions and increased box volumes drove revenues and profits. DP World has announced investment plans for 2019.
International Container Terminal Services (ICTSI) has released solid results for 2018. The port and terminal operator, which is headquartered in Manila, Philippines, had an up-up-up 2018 compared to 2017. ICTSI’s box volumes were higher, revenues increased and the group generated higher profit.
Longshoremen working for DP World Australia (DPWA) are fired up over an alleged threat to their income protection insurance. That benefit was granted to them by the company three years ago in the last round of negotiations for a collective employment contract known as an “enterprise agreement”.
Every three years each of the stevedore companies enter into a protracted and bitter dispute with the local longshoremen’s representative body, the Maritime Union of Australia. This short article explains how and why.
Wharfies are eyeing strikes at DP World Australia in pursuit of better terms and conditions in their next collective employment contract. Asian maritime shipping schedules and landside Australian logistics timetables could be thrown into disarray.
It’s a growth story at Western Australia’s main container port, Fremantle Ports (Freo), with just under 10 percent growth of international shipping container traffic in the last calendar year. Stevedoring at the port is also up for tender.
Rolling strikes by workers at the Hutchison Ports Australia box terminals in Sydney and Brisbane started at 6:00 a.m. (Australian Eastern Standard Time) yesterday January 17 and are causing logistics chaos.
