The Port of Long Beach closed out its 2018 fiscal year having handled 8,000,929 twenty-foot equivalent units (TEUs) during the previous 12 months. This figure represents a new annual record and is 10.7 percent increase over fiscal year 2017. “We are poised to break our calendar year record at the end of December,” said Port of Long Beach Executive Director Mario Cordero. … [Read more...]
Port of Savannah Sets 8 Million TEU Capacity Goal by 2028
The Georgia Port Authority on Thursday unveiled a $2.5 billion plan to expand the capacity at the Port of Savannah to 8 million TEUs by 2028. Georgia Ports Authority handled a record 4.2 million TEUs at Savannah's Garden City Terminal in Fiscal Year 2018, representing an impressive 8.4% increase compared to 2017. The terminals current annual capacity is 5.5 million, making … [Read more...]
China’s Imports to U.S. Ports Peaking Early Amid Tariff Threat
By Lisa Baertlein LOS ANGELES, July 13 (Reuters) - Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products. Retailers such as Walmart Inc and Amazon.com face uncertainty due to U.S. President … [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...]
Two Killed After Mooring Line Snaps at Port of Longview, Washington
Two people were killed when a vessel’s mooring line snapped at the Port of Longview in southwestern Washington state last Thursday. The accident occurred as the Panama-flagged bulk carrier M/V Ansac Splendor was mooring at port early on June 28. “As a vessel attempted to move along the dock from one loading hatch to another, one of the vessel lines snapped in half and … [Read more...]