WAN HAI FACES $950,000 FINE UNDER REVISED FMC SETTLEMENT OVER DETENTION CHARGES Ocean carrier Wan Hai would pay a $950,000 fine under a proposed settlement involving claims it wrongfully charged US shippers detention penalties on 21 occasions in the spring of 2021, according to a revised agreement submitted to the Federal Maritime Commission (FMC). The …
by admin
SC PORTS TURNS TO TRAC, FLEXI-VAN TO HELP LAUNCH CHASSIS POOL The South Carolina Port Authority will be able to launch its proprietary chassis pool as scheduled in March thanks to a last – minute agreement to secure 5,000 chassis from two major equipment providers. ILWU, PMA ISSUE UPDATE ON CONTRACT TALKS The International Longshore …
by admin
EAST COAST PORT OF SAVANNAH SEES CARGO VOLUMES DIP IN JANUARY The Port of Savannah saw total cargo volumes dip 11.5 percent last month compared to January 2022, The Port of Savannah handled a total of 421,714 TEUs in January, dragged down by a 16 percent year over year drop in imports. Compared to pre-pandemic …
by admin
PROLONGED LABOR TALKS RAISE SPECTER OF PERMANENT CARGO LOSS FOR WEST COAST PORTS The contract negotiations between the 22,000 port workers in the International Longshore & Warehouse Union (ILWU) and 70 employers on the US west coast, represented by the Pacific Maritime Association (PMA) are back on track.But there is rising concern that the long …
by admin
PORT OF SAVANNAH INCREASING REEFER CONTAINER CAPACITY The Georgia Ports Authority is increasing chilled cargo capacity at the Port of Savannah to stay ahead of anticipated growth in demand for reefer container volumes. Private chilled and frozen warehouse space in Savannah is set to grow by 1% in 2023 to more than 2.2 million square …
by admin
EAST COAST CONTAINER IMPORTS STILL FAR ABOVE PRE-PANDEMIC LEVELS East Coast ports continue to rack up wins versus West Coast rivals. Port announcements in recent days highlight just how much ground the East Coast has gained during the pandemic era. The latest stats also reveal that the sequential month-on-month volume slide from the pandemic peak …
by admin
PORT OF SAVANNAH CARGO VOLUMES HIT RECORD 5.9 MILLION TEUS IN 2022 The Port of Savannah, billed as the fastest growing container terminal in the U.S., handled a record 5.9 million TEUs in 2022 for an increase of 5% over 2021, the Georgia Ports Authority announced Tuesday. The Port of Savannah last year benefitted from …
by admin
US GULF PORTS AIM TO SUSTAIN VOLUME GAINS AFTER BANNER 2022 Houston and Mobile are both in the middle of major expansion projects, including dredging to allow bigger ships to call, but those projects will not complete until 2025 at the earliest. CHARLESTON GROWTH DRIVES PRIVATE EQUITY ACQUISITION OF DRAYAGE CARRIER Population and economic growth …
by admin
EAST COAST PORT OF NEW YORK AND NEW JERSEY HOLDS LEAD AS BUSIEST U.S. PORT IN NOVEMBER The Port of New and New Jersey ranked as the busiest port in the United States for a fourth month in a row in November. The Port of New York and New Jersey first overtook the Port Los …
by admin
EAST COAST PORT HOUSTON POSTS ANOTHER CONTAINER GAIN IN NOVEMBER If U.S. imports are slowing, Port Houston has yet to get the memo. The U.S. Gulf Coast’s busiest port reported an 11% jump in container volumes in November, bucking a trend of year over-year declines at other major U.S. ports. Port Houston’s Barbours Cut and Bayport container …
by admin