Sea

GCT USA Welcomes HMM’s Return

GCT USA was proud to welcome the Hyundai Hope to GCT Bayonne on May 16, 2020. The call marks the return of HMM (formerly Hyundai Merchant Marine) vessels to US East Coast services after a three-year hiatus. At 13,154 TEU, it also brings the first larger vessel call of THE Alliance (THEA’s) EC2 service to GCT Bayonne. HMM officially joined THE Alliance on April 1, 2020, as its fourth full member. ... [+]

Port Manatee registers $3.9 billion annual economic impact

Port Manatee’s annual economic impact comes in at more than $3.9 billion, with the port directly and indirectly generating 27,156 jobs, according to a report released on May 19 to the Manatee County Port Authority. “As this new study underscores, Port Manatee is abundantly fulfilling ... [+]

Hapag-Lloyd Financials

For the first quarter of 2020, Hapag-Lloyd recorded earnings before interest and taxes (EBIT) of US$176 million, which is below the corresponding prior-year figure of US$243 million. The Group net result declined to approximately US$27 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased ... [+]

Maiden Call

On April 30, 2020, the Ocean Network Express Aquila made its first call at the Port of Long Beach. The 14,052-TEU vessel docked at the ITS terminal at Pier G, and was worked there by six gantry cranes [+]

Port of Long Beach Handles Fewer Shipments in April

Economic effects of the COVID-19 pandemic continued to impact trade at the Port of Long Beach in April with fewer cargo containers moving through the nation’s second-busiest seaport. Dockworkers and terminal operators moved 519,730 TEUs last month, down 17.3% from April 2019, which remains ... [+]

Port of Los Angeles Former Harbor Commission Passes

Jaime L. Lee, President, Los Angeles Board of Harbor Commissioners, issued this statement on May 13: "The Port of Los Angeles and Los Angeles Board of Harbor Commissioners are saddened to hear of the passing of S. David Freeman, a pioneer for environmental advocacy. As ... [+]

SC Ports works three large vessels, reports April volumes

S.C. Ports Authority worked three of the largest vessels to ever call on the Port of Charleston in April — the 13,200-TEU OOCL Chongqing, the 14,000-TEU Monaco Bridge and the 14,000-TEU APL Sentosa. S.C. Ports handled 176,152 twenty-foot equivalent container units (TEUs) at the Wando ... [+]

Yang Ming Financials

During its May 13 board meeting, Yang Ming Marine Transport Corporation revealed that consolidated revenues for Q1 totaled US$1.15 billion, a decrease of 1% compared to with US$1.14 billion in revenue from the same period of previous year. The company’s net loss, after tax, ... [+]

COVID-19 Impacts to Port Cargoes

Updated April 30, 2020, by the American Association of Port Authorities (AAPA). Containerized cargo is down 20-25% from the same time periods in 2019. Blank sailings, where ships cancel port calls, resulted in a revenue loss of roughly $300,000 per blank sailing at large ... [+]

First Solar Selects Greenville

Good news for South Carolina Port Authority (SCPA) First Solar, Inc., America’s largest solar manufacturer, has selected Greenville, SC, for its new distribution hub on the East Coast. Headquartered in Arizona, First Solar operates the Western Hemisphere’s largest photovoltaic (PV) module manufacturing footprint in Northwest Ohio, as well as factories in Malaysia ... [+]

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