The Port of Savannah handled record 4.2 million twent-foot equivalent containers (TEU) in its 2018 fiscal year for an impressive 8.4% increase year-over-year, Georgia Port Authority reported Monday. The figure marks a new record the port and the first time in its history that it has handled more than 4 million TEU in a single year, ranking it the second busiest on the U.S. … [Read more...]
Port of Virginia’s Harbor Deepening Project Gets Final Federal Approval
The project to make the Port of Virginia "wider, deeper and safer" has taken a critical step forward after receiving final approval for the project from the U.S. Army Corps of Engineers. The Army Corps’ Chief of Engineers’ Report, issued Tuesday, is the final federal review of the project and clears the way for the deepening and widening of the commercial … [Read more...]
U.S. East Coast Dockworkers Agree to New Six-Year Master Contract After ‘Tough’ Negotiations
By Alexander Whiteman (The Loadstar) - Shippers are breathing a sigh of relief after US east and Gulf coast dock workers reached “tentative” agreement on a new six-year master contract, following years of tough negotiations. The International Longshoremen’s Association (ILA) announced the news yesterday, adding that the agreement with the US Maritime Alliance (USMX) now … [Read more...]
As Trump Talks of Trade Losses, China is a Win for U.S. East Coast Ports
By Howard Schneider CHARLESTON, S.C., May 31 (Reuters) - For America's fastest growing East Coast ports, trade with China equals billions of dollars of investment and thousands of well-paid jobs in the heart of Trump country and not, as the president portrays it, the death knell for America's middle class. At Atlantic ports in the southern United States, harbor channels are … [Read more...]
‘Bomb Cyclone’ Hits U.S. East Coast Energy, Power Supply
By Scott DiSavino and Devika Krishna Kumar NEW YORK/LONDON, Jan 4 (Reuters) - A severe winter storm froze pipes and disrupted services at refineries on the U.S. Atlantic coast on Thursday, sending fuel prices higher as heavy snowfall and high winds caused electricity outages for almost 80,000 homes and businesses. Utilities in the Southeast have restored service to some … [Read more...]