The United Nations Economic Commission for Latin America and the Caribbean (Comisión Económica para América Latina y el Caribe or CEPAL) has voted Puerto Cortés operated by Operadora Portuaria Centroamericana (OPC), the Honduran subsidiary of International Container Terminal Services, Inc. (ICTSI), as the best maritime terminal in the Central America-4 (CA-4) region and 24th best in Latin America.
Container cargo movement at OPC grew 4.5 percent in 2018 over the previous year, CEPAL noted in its...
- Seaborne cargo throughput reaches 34.6 million tons (up 6.0 percent)
- USA now second largest trading partner in container traffic
- Container throughput increases by 6.4 percent to 2.3 million TEU
- Hinterland traffic growth: 8.0 percent
Germany’s largest universal port is again on a growth path, achieving a distinct advance in the first quarter of 2019 with seaborne cargo throughput ahead by 6.0 percent at 34.6 million tons. Both general cargo throughput at 23.9 million tons – up 5.4 percent- and...
The fate of Hambantota port, which the Sri Lankan government leased to a Chinese firm for 99 years, has been hotly debated since the launch of the Belt and Road Initiative (BRI). Western experts and media have used the port as proof that China is using the BRI as a tool for creating a debt …
Deal marks the first purchase of a private firm by a govt-owned firm under IBC
Jawaharlal Nehru Port Trust (JNPT) has won approval from the National Company Law Tribunal (NCLT) to buy debt-laden Dighi Port Ltd for ₹853.3 crore in one of the cheapest deals in the port sector.
On May 8, the Mumbai Bench of the NCLT approved the resolution plan submitted by JNPT, India’s biggest container port, for Dighi Port, marking the first instance of a government-owned company. acquiring a private firm...
It can be very stormy in the Rotterdam sometimes. The nightmare of many a container depot and terminal, because strong winds can blow over stacked empty containers and cause serious damage. Windbreaker International has developed an effective precaution: a cast-iron coupling that connects the...
GPA Executive Director Griff Lynch reported the Port of Savannah had its busiest April ever, pushing its fiscal year-to-date totals to 3.7 million TEUs, an increase of 8.7 percent (300,815 TEUs) compared to the same period in FY2018.
According to a statement, for the month of April, the GPA handled 76,000 TEUs of intermodal cargo, an 11 percent increase over the same month last year. Of the total cargo crossing the docks at Garden City Terminal since the start of FY2019 (July-April), 776,600...
The Board of Directors of the Georgia Ports Authority on May 20 elected William D. McKnight as chairman. McKnight, who has served as vice chairman since 2018, will assume his new responsibilities July 1. Along with McKnight, the board elected Patrick “Kelly” Farr Jr. as vice chairman, while Joel Wooten will remain in his role as secretary-treasurer.
McKnight thanked outgoing Chairman Jimmy Allgood for his example of steady leadership over the past three years.
William D. McKnight commented:
April 2019 was the busiest April ever for The Northwest Seaport Alliance’s international container volumes. At 265,781 twenty-foot equivalent units (TEUs), it marked an 18.4 percent rise over April 2018. International container volumes for the first four months of 2019 also set records at 1,041,303 TEUs, a 13.6 percent increase from the prior year.
“While we continue to monitor the effects of tariffs, we remain committed to supporting our customers move cargo efficiently through our gateway,”...
On May 29, the Port of Corpus Christi will see the commencement of the Ship Channel Improvement Project.