By Albert A. Melvin (Opinion) - The deployment of 18,000+ Ultra Large Container Vessels in the Trans-Pacific trade would substantially decrease the operating costs of shippers, consignees and ship owners. There is a proposed port in Sonora, Mexico that has the potential of being the first purpose-built port in North America capable of handling, on a steady basis, the largest … [Read more...]
Port of Virginia Completes First Phase of $375 Million Expansion
The Port of Virginia announced Friday it has completed phase one of the $375 million expansion project at the Norfolk International Terminals (NIT) terminal with the addition of 12 new container stacks. Construction on the NIT expansion got underway in January 2018, with the project completion scheduled for 2020. The centerpiece of the project is the construction of 30 … [Read more...]
Ports That Boomed on China May Never Be the Same as Trade Shifts
By Shruti Date Singh (Bloomberg) -- An industry that saw dramatic growth in the decade before Donald Trump took office is now concerned his administration’s trade tussle with China, and the lack of a deal with Japan, will cut future growth short. Ports in the Pacific Northwest have invested hundreds of millions of dollars to expand their ability to ship America’s … [Read more...]
Georgia Ports Authority Unveils ‘Big Berth, Big Ship’ Expansion Plan for Savannah
The Georgia Ports Authority unveiled a plan Tuesday to expand the Port of Savannah to simultaneously handle six 14,000 TEU vessels by 2024. The plan, called the Big Berth/Big Ship program, was unveiled by Georgia Ports Authority Executive Director Griff Lynch speaking at the Georgia Foreign Trade Conference. "No other single container terminal in North America has the … [Read more...]
Port of Los Angeles On Track to Surpass 9 Million TEU This Year, But November Volumes Down
America's busiest container port, the Port of Los Angeles, processed 832,331 Twenty-Foot Equivalent Units (TEUs) in November 2018 putting it on track to once again surpass 9 million TEUs this year. November marked the fifth consecutive month volumes exceeded 800,000 TEUs and the sixth busiest month in the Port’s history. Compared to November 2017, however, November 2018 … [Read more...]