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Issue #591

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Terminal Operators

Air Cargo Quarterly

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2014 Media Kit

Ports & Terminals

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ICTSI 2014 net income up 5% to US$135.7 million

AJOT | November 16, 2014 | Ports & Terminals

International Container Terminal Services, Inc. (ICTSI) reported unaudited consolidated financial results for the first nine months of 2014 posting revenue from port operations of US$779.2 million, an increase of 25 percent over the US$624.7 million reported for the same period last year, Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$326.1 million, 14 percent higher than the US$285.5 million generated in the first nine months of 2013, and net income attributable to equity holders of US$135.7 million, up five percent over the US$128.8 million earned in the same period last year.  Diluted earnings per share for the period was four percent higher at US$0.056 from US$0.054 in 2013.  Read More »

Charleston gains G6 East Coast/Northern Europe service

AJOT | November 14, 2014 | Ports & Terminals

The G6 consortium of ocean carriers recently announced the addition of Charleston to a major US East Coast/North Europe service, further increasing the frequency of weekly post-Panamax vessel calls to the Port of Charleston.
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ILWU and PMA trade charges amid West Coast slow down

Stas Margaronis | November 13, 2014 | Ports & Terminals

ILWU and PMA trade charges amid West Coast slow down

Craig Merilees, spokesman for the ILWU told AJOT that allegations by the PMA that the union is engaged in a work slow down at West Coast ports is, in fact, the result of “frustration by workers with the long-standing contract and congestion problems.” Read More »

Collaboration & Training Initiatives Critical to Protect Houston Ship Channel

PR Newswire | November 12, 2014 | Ports & Terminals | Ports | Wet Bulk Port

Harris County Judge Ed Emmett and U.S. Coast Guard Captain Brian Penoyer joined Houston Ship Channel Security District (HSCSD) chairman Gary Scheibe in outlining training initiatives and joint communication and response efforts that protect the Houston Ship Channel region. The three provided comments during an HSCSD news conference following the annual meeting of the District's 160 members. Read More »

China pays big to expand its clout along the new Silk Road

Reuters | November 10, 2014 | Intermodal | Rail | Liner Shipping | Ports & Terminals

China, already at the center of world trade, plans to spend billions of dollars to revive intercontinental land routes and develop maritime links to expand commerce and give it more weight in a freight system dominated by European shipping lines. Read More »

Retail imports set records despite continuing West Coast Port issues

AJOT | November 10, 2014 | Ports & Terminals | Ports

Import cargo volume at the nation’s major retail container ports is expected to slow down this month following record levels seen in September and October as retailers rushed to bring merchandise into the country ahead of a possible shutdown of West Coast ports, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. Read More »

Longshore Union’s job actions spread from Pacific Northwest to Southern California

AJOT | November 06, 2014 | Ports & Terminals

Escalating its use of orchestrated job actions that have already crippled terminal operations at Pacific Northwest ports, the International Longshore and Warehouse Union (ILWU) has now targeted the ports of Los Angeles and Long Beach by unilaterally refusing to dispatch hundreds of qualified, skilled workers for critically important positions transporting containers in terminal yards at the nation’s largest port complex. Read More »

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