Port Saint John officials have announced a lease agreement with DP World for the operation of its container terminal within the context of the largest private and public sector investment in the New Brunswick port in decades. This means that starting on January 1, 2017, DP World will replace Logistec Corporation, which has been managing the Rodney Container Terminal for 20 years.
With the creation of the NWSA in August of 2015 the ports of Seattle and Tacoma integrated their operations forming a mega complex spanning 25 miles of Puget Sound. So what’s happened in the year that followed?
In December President Obama signed the bill into law authorizing $305 billion in federal funds over five years for rail, highway development, public transportation and motor vehicle/motor carrier safety not know as FAST.
It was announced last week the Permanent Court of Arbitration (PCA) in The Hague ruled in favor of the Philippines in their dispute with the People’s Republic of China over territorial claims in the South China Sea. Shortly after the announcement, Beijing rejected the ruling as illegal while Washington immediately chimed in with a statement that The Hague ruling was both legal and binding.