Port of Oakland: Tariffs could stymie volumes
The port’s 2019 volumes are up, but China accounts for 38% of its trade.
British Columbia a hotbed of port expansion
Both container and bulk terminals have a large number of projects planned.
Blackstone makes $18.7 billion investment in warehouses
Purchase of 179 million square feet of space from Singapore’s GLP is part of plan to meet e-commerce demand.
Big ships raise concerns in insurance industry
“Insurers have been warning for years that the increasing size of vessels is leading to a higher accumulation of risk,” says Allianz.
Canada to spend $47.5 million on Port of Halifax
Funds will be used to increase rail capacity and reduce truck traffic in downtown Halifax.
Maersk withdrawing from two discussion agreements
The shipping line says the move is in line with a decision to quit other voluntary discussion agreements in 2017.
Number of ship total losses lowest in a century
“Heightened political risks to vessel security, complying with 2020 emissions rules and the growing number of fires on board bring challenges.”
Hapag-Lloyd introduces container monitoring program
Hapag-Lloyd LIVE initially will equip all the company’s reefer containers with equipment to monitor temperature and other data.
Tanker captain acquitted in pollution case
After being detained for 19 months in Louisiana, the master of the Ridgeway Alexander Z is allowed to return to Russia.
No growth in air cargo seen in 2019
Demand not expected to increase because of the impact of higher tariffs on trade.
Canadian port employers, ILWU reach tentative accord
Dockworkers return to work Thursday afternoon after all-night negotiations.
New Jersey exit from Waterfront Commission blocked
Judge says New York must concur with New Jersey’s desire to leave the bi-state law enforcement agency.
Concerns raised about NVOCC renewals in China
Attorney reports difficulties for U.S. firms as China moves from national to provincial registration of non-vessel operating common carriers.
Hutchison, CN sign up to develop Quebec terminal
Hong Kong-based Hutchison Ports, Canadian National Railway and the Port of Quebec say they will partner to build a $775 million deep-draft container terminal.
AVAIO Capital investing in Novaporte
AVAIO and Sydney Harbour Investment Partners announce a partnership to develop and finance the Nova Scotia multipurpose terminal.
Maersk investing in Traxens
Maersk joins CMA CGM and MSC as an investor in the manufacturer of “smart container” technology.
CMA CGM outlines adaptations for changing market
French carrier raises cost-saving targets and reports a smaller net loss in the first quarter of 2019.
TradeLens could ‘improve trust in data’
Analyst at Drewry believes the decision by CMA CGM and MSC to join the IBM-Maersk digital shipping platform is a significant event.
Employers to lock out ILWU Canada members Thursday
Union president calls the move “a reckless, irresponsible and needless decision that will undermine the economy.”
CMA CGM and MSC joining TradeLens
Two more carriers join the “blockchain-enabled” shipping platform developed by Maersk and IBM.