Ports & Terminals

Tanzania dreams big with port project at former slave harbor

Reuters | March 16, 2015 | Ports & Terminals

In its heyday, Bagamayo was a gateway to the heart of Africa for colonizers, with trade goods surging in from the Indian Ocean, and timber, ivory and countless slaves exported from the east coast harbor. Read More »

Global Ports scraps dividend as economic turmoil hits imports

Reuters | March 16, 2015 | Ports & Terminals

Russia's Global Ports will scrap its dividend due to the economic turmoil that has crippled the freight market in Russia, the London-listed ports operator said. Read More »

U.S. military moves 51 specialty aircraft through JAXPORT

AJOT | March 16, 2015 | Ports & Terminals | Ports

The U.S. military landed 48 specialty Army helicopters and three Air Force helicopters at JAXPORT's Blount Island Marine Terminal during a multi-day operation. The aircraft shipments are being handled by the U.S. Army's 832nd Transportation Battalion which is headquartered at Blount Island. Read More »

Russia’s Global Ports scraps dividends, looks to sell shares

Reuters | March 16, 2015 | Ports & Terminals | Ports

Russia’s Global Ports will scrap dividends and look to sell additional shares, the London-listed ports operator said on Monday, reflecting economic turmoil that has crippled the freight market in Russia. Read More »

U.S./Iceland Ambassadors to visit Maine

AJOT | March 16, 2015 | Ports & Terminals | Ports

The Honorable Robert Barber, United States Ambassador to Iceland, and His Excellency Geir Haarde, Iceland's Ambassador to the United States will visit Maine on Tuesday, March 17th. Read More »

RUSCON opens a veterinary control station at Novorossiysk as economic sanctions change Russian impor

AJOT | March 16, 2015 | Ports & Terminals | Ports | Container Port

The economic sanctions imposed on Russia by the EU and the US have prompted RUSCON, one of the leading container specialists in the country, to open the first bonded veterinary control reefer facility at its off-dock terminal in Novorossiysk, South Russia. Read More »

Virginia congestion mitigation update

AJOT | March 16, 2015 | Ports & Terminals | Ports

The Port of Virginia continues to take immediate action to help mitigate the congestion that has beset Virginia International Gateway (VIG) during the last week. Read More »

Tanzania dreams big with port project at former slave harbour

Reuters | March 16, 2015 | Ports & Terminals | Ports

In its heyday, Bagamayo was a gateway to the heart of Africa for colonisers, with trade goods surging in from the Indian Ocean, and timber, ivory and countless slaves exported from the east coast harbour. Read More »

Houston Ship Channel reopened Friday after shutdown due to fog

Reuters | March 13, 2015 | Ports & Terminals | Ports

The Houston Ship Channel re-opened to all inbound and outbound vessel traffic on Friday after shutting on Thursday afternoon due to heavy fog, according to the Houston Pilots. Read More »

Port of Virginia takes steps to ease East Coast congestion

AJOT | March 13, 2015 | Ports & Terminals | Ports | Container Port

The Port of Virginia continues to take immediate action to help mitigate the congestion that has beset Virginia International Gateway during the last week. Read More »

Port of Virginia congestion mitigation update

AJOT | March 12, 2015 | Ports & Terminals

The Port of Virginia continues to take immediate action to help mitigate the congestion that has beset Virginia International Gateway during the last week. Read More »

East and West African ports without quay cranes discharge and load in real-time with arl-shipping.co

AJOT | March 12, 2015 | Ports & Terminals

Using handheld devices at the quay side, stevedores at a number of ports in East and West Africa handling port calls with vessels’ own gear, log the discharged and loaded containers with the Sea Side Crane Executor app from arl-shipping.com, passing handlings confirmations to the shipping line during the calls. Read More »

Houston Ship Channel fully reopened after vessel collision

Reuters | March 12, 2015 | Ports & Terminals

The Houston Ship Channel was fully reopened, after responders completed initial salvage operations on a damaged chemical tanker and successfully moved the vessel, the Central Texas Coastal Area Committee (CTCAC) said. Read More »

Hutchison Port Trust markets dollar bonds

Reuters | March 11, 2015 | Ports & Terminals | Ports

Hutchison Port Holdings Trust has announced price guidance for an offering of 144A/Reg S notes of three and five years at respective yields of around 140bp and 150bp over US Treasuries. Read More »

Houston Ship Channel closure prompts refinery rate cuts

Reuters | March 11, 2015 | Energy | Refinery | Ports & Terminals | Ports | Wet Bulk Port

Exxon Mobil Corp said on Wednesday that it cut production rates at the second-largest refinery in the United States as crude deliveries were held up by wreckage that partially closed the Houston Ship Channel for a third day. Read More »

Zepol’s data shows severe impact on US trade from West-Coast port issues

AJOT | March 11, 2015 | Ports & Terminals

Zepol reports that total U.S. container imports are down over 5% this year, compared to 2014. Read More »

European ports set to lose LNG supply to Egypt this summer

Reuters | March 11, 2015 | Ports & Terminals

Europe is likely to attract fewer liquefied natural gas (LNG) shipments than previously expected this summer as Egypt gears up to become the region's top-paying importer, traders said, potentially increasing gas prices in northwest Europe. Read More »

Houston Ship Channel remains partially shut

Reuters | March 11, 2015 | Ports & Terminals

Marine traffic in the Houston Ship Channel will remain partially halted until salvage ships retrieve an anchor that broke off a bulk carrier that collided with a tanker on Monday, the U.S. Coast Guard said. Read More »

Port of Long Beach extends life of congestion relief depot

AJOT | March 11, 2015 | Ports & Terminals

To help Port of Long Beach terminals quickly work through a backlog of cargo, the Long Beach Board of Harbor Commissioners has unanimously approved an extra six months of operation for a temporary container storage facility on the harbor district’s undeveloped "Pier S." Read More »

Port of Virginia completes bond sale; debt costs reduced, $15M will be saved

AJOT | March 11, 2015 | Ports & Terminals | Ports

Buoyed by strong reviews from three leading bond ratings agencies, the Virginia Port Authority (VPA) completed the sale of $141.8 million of port facilities revenue refunding bonds to investors last week. Read More »