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Port of Philadelphia Recognized as “Main Port of Destination” for Fruit Departing Brazil

The announcement that the Port of Philadelphia is the main port of destination for fruit departing Brazil was one of the best announcements on Tuesday, August 2, 2016, during the IX Workshop of the National Mango Board – NMB in the São Francisco Valley, sponsored by Valexport and the National Mango Board – the organization responsible for the program marketing the United States Department of Agriculture. Manuel Michel, Executive Director of the ... [+]

SCPA Posts FY Operating Earnings of $39M

South Carolina Ports Authority reports 2016 fiscal year-end operating earnings of $39 million, revenues of $211 million and operating expenses of $172 million. “The Port closed the FY2016 books with solid financials, reflecting our commitment to achieving the necessary performance to support our aggressive capital investment ... [+]

Virginia Handles 217,900 TEUs in July; CY Growth 1.1%, Gains Made in Rail, VIP Volumes

The Port of Virginia through July handled 1.5 million TEUs, which is an increase of 1.1% when compared with the same period last year; the port closed July having handled 217,910 TEUs. “On a calendar-year basis, our rail volume is up 10%, VIP volume is up ... [+]

Disappointing Hapag-Lloyd rate development affects results in first half 2016

Subdued economic growth in many parts of the world, persistently tough competition in the liner shipping industry and further declines in freight rates have marked the first half of the 2016 business year. While transport volume remained stable in the first six months at 3.7 million ... [+]

JAXPORT berth goes electric as new cranes approach

A multi-faceted rehabilitation project of Berth 35 at JAXPORT's Blount Island Marine Terminal is nearing completion with the installation of a high-voltage electrical system in anticipation of the arrival of three new 100-gauge electric container cranes this month. The berth’s improvements increase energy efficiencies, reduce emissions ... [+]

Port Corpus Christi Celebrates World Class Cable Stayed Bridge Construction

Along with State and Federal Officials, Port Corpus Christi is excited to announce the beginning of a truly momentous project. With a symbolic turning of the dirt the official U.S. 181 Corpus Christi Harbor Bridge Replacement Project is set to begin. The groundbreaking ceremony took ... [+]

St. Lawrence Seaway traffic sluggish in July

“We are about half-way through the 2016 navigation season and our overall cargo tonnage numbers are down by 11%,” said Betty Sutton, Administrator of the Saint Lawrence Seaway Development Corp. “The lack of iron ore and coal has definitely been a contributing factor for this ... [+]

Container volumes down at Port of Long Beach for July

Cargo at the Port of Long Beach Container volume at the Port of Long Beach was down 7.7% in July compared to the same month in 2015, when harbor terminals handled a record amount of cargo. Dockworkers moved 637,091 TEUs last month. Imports totaled 325,608 containers, ... [+]

Maersk Group Delivers Profits

In response to challenging supply-demand imbalances, the Maersk Group continues to execute on factors that are within its control by reducing cost and delivering high operational performance. The Group delivered a profit of $1.1 billion negatively impacted by the average container freight rates and oil price. ... [+]

No Trade Barriers, Please

Bloomberg News recently reports Trond Westlie, CFO of Maersk, recently voicing concerns over how a potential shift in US policy could threaten global trade. He told Bloomberg:: “In general, trade barriers weaken global growth. Low trade barriers not only help trade growth, but also economic growth. ... [+]

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