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...]
FMC Commissioner Issues Final Report on Demurrage and Detention Practices at U.S. ports.
By J. Michael Cavanaugh (Holland & Knight) - Commissioner Rebecca F. Dye has issued her Final Report for the Federal Maritime Commission's (FMC) fact finding investigation into demurrage and detention practices at U.S. ports (i.e., FMC Fact Finding 28). In the Final Report issued on Dec. 7, 2018, Commissioner Dye concluded that demurrage and detention practices at … [Read more...]
Port of Long Beach Tops 8 Million TEU in FY2018
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...]