Imports at the nation’s major retail container ports are expected to hit their highest level of the year again next month ahead of new tariffs set to take effect in December, according to the Global Port Tracker report released Wednesday by the National Retail Federation and Hackett Associates. New 15 percent tariffs that took effect at the beginning of September on a wide … [Read more...]
Amid Trade War, Busiest U.S. Port Readies for Robots
By Romy Varghese (Bloomberg) -- Pier 400 in Los Angeles is North America’s largest shipping terminal. More than 1,700 trucks pass through, on average per day, even in the middle of the U.S.-China trade war. All that cargo translates into thousands of miles driven within the facility each day, mostly by diesel vehicles, spewing pollutants. For APM Terminals, the part of … [Read more...]
Opinion: Trans-Pacific Beneficial Cargo Owners Deserve 18,000 TEU+ Container Vessels
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...]