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As a consequence of the deteriorated market, the Maersk Group has adjusted its expectation for the 2015 result from an underlying result around $4.0 billion to $3.4 billion.
The previous expectation, as announced in the Q2 report, was based on an underlying result contribution from Maersk Line above $2.2 billion. The Group now expects an underlying result from Maersk Line of around $1.6 billion.
The Group’s sensitivity guidance for the last six ...
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Spliethoff offers service from Antwerp & Zeebrugge via Baltimore to Cleveland, when the Great Lakes are closed due to ice.
No need to worry about the Great Lakes freezing solid any longer. Due to continuing growth and demand from the market, Spliethoff is introducing a twice ...
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LILLY + Associates International has released a new white paper, “PortMiami Tunnel: The New Standard in Transportation Infrastructure.” The study is the first of its kind to explore the rich history of the tunnel responsible for removing nearly 1.5 million trucks from the streets of ...
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The Port of Los Angeles has entered a long-term agreement with Hecate Energy Harborside LLC to build, operate, and maintain photovoltaic (PV) solar power systems (PV Systems) that will generate electricity at multiple site locations within the port. The PV Systems will feed clean energy ...
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Crowley Maritime Corporation and Panasia Co., Ltd., a South Korean-based leader in smart, green technology, have announced the signing of a strategic partnership agreement for ballast water treatment systems to be installed during retrofitting of Crowley vessels. The agreement includes technical services, engineering, integration, commissioning, ...
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The Los Angeles Board of Harbor Commissioners has approved agreements between the Port of Los Angeles and its two largest Community Investment Grant Program recipients, International Trade Education Programs Inc. (ITEP) of Carson, CA. and the Los Angeles Maritime Institute (LAMI) of San Pedro.
The two ...
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Moody's Investors Service and Standard & Poor's Ratings Services affirm South Carolina Ports Authority's (SCPA) solid financial position, citing a growing regional economy, significant capital support and a strong operating profile as key factors in the positive ratings.
The ratings come as SCPA plans to issue ...
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August Sees Most TEU Containers Ever
The Port of Baltimore continued its impressive record-setting year in August with the most TEUS ever handled in one month. A record 86,149 TEU containers crossed through the port in August, passing the previous single-month record of 79,644 TEU containers ...
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U.S. Transportation Under Secretary Peter Rogoff and Boston Mayor Martin J. Walsh recently hosted the seventh of 11 nationwide regional forums on the Beyond Traffic draft framework at Boston University.
The Beyond Traffic report examines the trends and choices facing America's transportation infrastructure over the next three decades, including a ...
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In a highly choreographed event involving a stream of concrete trucks, huge pumps and dozens of workers, contractors have completed a critical “pile cap” that allows crews to start erecting the first of two 515-foot-tall towers for the new bridge under construction at the Port ...
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