The Port of Redwood City announced that it received a mid-year financial report stating that gross revenues were up by 13% when compared year over year, from $4.5 million to $5.1 million.
On May 10th, Port of Long Beach Executive Director Mario Cordero announced the passing of Rick Cameron, former Deputy Executive Director who died at the age of 51.
U.S. House and Senate leaders are discussing a proposed ‘Ships Act’ to dramatically upgrade U.S. naval and commercial shipbuilding along the lines of the $52 billion CHIPS Act supporting...
As the clock ticks away, so do construction costs escalate in a high inflationary environment. Delays on the Contrecoeur project could mean the Port of Montreal will not have the container capacity it wants in place by 2027 to meet expected demand and thereby continue to compete effectively against key U.S. East Ports in a strong expansion mode - buttressed by the Biden Administration’s multi-billion-dollar infrastructure program.
At a time when the U.S. Maritime Administration (MARAD) is tasked with producing a National Maritime Strategy to upgrade U.S. shipbuilding and shipping, the libertarian Cato Institute’s proposal is to repeal the Jones Act.