California’s ports are rebounding as volumes passed pre-recession levels.
The Port of Stockton was awarded a rating upgrade by Moody’s in recognition of improved revenues and lower debt on March 28th.
The admission was stunning - the US Coast Guard saying it will not enforce the new international container weight rule has raised serious doubts as to whether the rule, scheduled to go into effect on July 1, can now be enforced.
David Williams, president and CEO of Safmarine a Maersk company told AJOT he is cautiously optimistic that the company's trade related to Africa and West Central Asia, will recover from the current slowdown and increase to 4% per annum by 2020.
In 2016, California’s farmers are hoping for rain to help alleviate the impact of the drought that has hurt the region’s agricultural exports.
In State of the Port speech, Oakland Port Director Chris Lytle says he expects no negative impact from the departure of stevedoring giant Ports America from the Port of Oakland.
Ocean carriers - and by extension, shippers - will be facing “very challenging and competitive” conditions in 2016, according to Christopher Koch, Senior Advisor at the World Shipping Council.
Terminal Island is a largely artificial island located in Los Angeles County, California, between the city of Los Angeles and the city of Long Beach.
The new Long Beach Container Terminal is due to come on stream next year with final phase of completion in 2019. The size of the Long Beach facility and level of automation could make it a game changer on terminal design and operation in North America.
The Teamsters Union has expanded labor actions from its on-going strike at Pacific 9 Transportation to include three other harbor trucking companies serving the Ports of Los Angeles and Long Beach, according to Barb Maynard, spokeswoman for the Teamsters Port Division.
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