Two large Quebec institutional entities in Canada’s French-speaking province have announced that they are taking a minority stake totaling C$112 million, invested in equal amounts, in Ocean Group, a maritime enterprise based in Quebec City specializing in harbor towing, dredging, marine equipment rental, shipbuilding and repair.
Peak season for ocean freight shipping is underway. Which means that, as it does every year at this time, space is about to get very tight. That can make it difficult to meet your delivery times unless you take proactive steps now to minimize the risk in your supply chain.
In an interview, Mario Cordero, executive director of the Port of Long Beach, told AJOT that the Port has “re-established the same annual container volume in 2017 that it had processed before the 2008 recession.”
Port of San Francisco Director Elaine Forbes urged November passage of a $425 million bond issue by San Francisco voters to rebuild San Francisco’s outdated seawall and combat higher sea levels caused by global warming.
It’s now obvious that the continuing driver shortage and implementation of ELD is not a phenomenon, but the new normal in the industry – we will be living with a tight labor market and high demand for the foreseeable future.
Griff Lynch, executive director of the Georgia Ports Authority, and other Peach State officials could not be more enthused about the Port of Savannah’s 10-year, $2.5 billion expansion, to grow annual throughput capacity of the Western Hemisphere’s largest single container terminal to 8 million 20-foot container units from its present 5.5 million TEUs.
Congressman John Garamendi (D-CA) told California maritime executives that the US Coast Guard is “seriously underfunded” and lacks the heavy ice breaker fleet that Russia and possibly China might deploy to dominate polar sea lanes.