The venture is supported by a new $400 million joint venture, led by the commercial real estate company CBRE. In addition, Homecoming Capital provided $100 million.
Agriculture Transportation Coalition (AGTC) Executive Director Peter Friedmann has again warned that the lack of a West Coast labor contract between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) could be “dangerous” and “permanent.”
The Busan Port Authority (BPA) expects to open its first totally automated container terminal in the latter part of 2023 and feature ship to shore cranes built in Korea.
Hawaii’s commercial harbor system operates as a hub-and-spoke system with Honolulu Harbor as the hub and primary entry point for freight. Congestion and sea level rise could put Hawaii’s hub-and-spoke system at risk. if not addressed.
The Korea Development Bank (KDB) has begun the process of selling “management rights” for Korean ocean carrier HMM...
MSC and COSCO will be the growth leaders in container shipping as other carriers such as Maersk focus more on logistics, according to noted global container shipping analyst Lars Jensen, principal at Vespucci Maritime.
“I really got to build something for Amazon… I wanted to go out and do it again” - Dave Clark
The Port of Long Beach is proposing a 400 acre state-of-the-art wind turbine manufacturing facility producing floating wind turbines for new California wind farms, according to the Port’s Executive Director Mario Cordero.
Ocean carriers should focus on transitioning from fossil fuels to decarbonized green fuels but expect an added cost of between $2000-$3000 per forty-foot container, warned Jeremy Nixon, CEO of Ocean Network Express (ONE).
The current impasse over the West Coast dockworkers’ contract is worse than during disruptions seen in the last contract talks of 2014-2015.
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