A U.S. Federal Maritime Commission report on port congestion impact on demurrage and detention fees stopped short of recommending agency action and invited the industry to provide evidence of allegedly unreasonable practices.
The 64-page report, available at fmc.gov, described demurrage, which is charged for storage of containers on terminal space beyond allowable free time, and [...]
Special laws to sell the Port of Melbourne will be introduced into the Australian Victoria Parliament after DP World initiated legal action to stall the sale of the port.
The Australian government expects to collect an estimated $5-$6 billion from the long-term lease of the port, and has promised to use the money to pay [...]
The world’s third largest box carrier, French group CMA CGM has signed an agreement with the Port Authority of Jamaica granting the CMA CGM Group the concession of Kingston Container Terminal for 30 years. The terminal, consisting of a total 2,400 metres of wharf, an 80 hectare surface area and with up to 15.5 metres [...]
From Bloomberg News:
[S]hips’ crews were upbeat as last week’s accord over the Islamic Republic’s nuclear program brought the lifting of sanctions and the return to unfettered commerce one step closer. Few places are better located to benefit than the United Arab Emirates, Iran’s second-biggest trading partner after China since 2009, data compiled by [...]
GB Group has appointed SSA Marine to run its Port Lafito in Haiti, the country’s first panamax port.
The private industrial group has hired SSA to take on operations at Port Lafito, which is scheduled to open this month. The port marks SSA’s first foray into Haiti.
The $80m port is a private, public and [...]
By David Bacon, in the Dispatcher and David Bacon Reality Check blog:
PANAMA CITY, PANAMA (4/2/15) – You see a lot of parked taxis in the parking lot at the Panama Ports terminal here. They’re not waiting to give rides to longshoremen. Dockworkers themselves are the drivers. Longshore wages in Panama are so low that [...]
Southern California truckers who filed complaints with the Uniform Intermodal Interchange Agreement alleging unfair charges for extended storage and late return of equipment at congested marine terminals in recent months should start to see arbitration rulings beginning in mid-April.
Joni Casey, president and CEO of the Intermodal Association of North America, which administers the UIIA, [...]
SAN FRANCISCO (April 3, 2015) – ILWU Coast Longshore Caucus delegates voted Friday to recommend approval of the tentative agreement reached on February 20, 2015, between the union and employers represented by the Pacific Maritime Association (PMA).
The tentative agreement was approved on February 20 by the ILWU’s 16-member elected Negotiating Committee and 8-member [...]
From the Journal of Commerce:
Orient Overseas International Ltd.’s announcement that it will spend almost $1 billion on the purchase of six 20,000-TEU ships has put an end to speculation that the Hong Kong-listed line was interested in acquiring troubled APL from Neptune Orient Lines.
So with OOIL’s liner division OOCL out of the running, [...]
Excerpts from The Northern View:
A company owned by the government of Dubai is set to purchase Fairview Terminal from Deutsche Bank for $580 million.
DP World Ltd. announced today its intention to purchase the operations, with the transaction and expected to be complete in the second half of this year.
The agreement is subject [...]
Managers from the ports of Los Angeles and Long Beach met recently to agree a collaboration strategy to improve the efficiency of cargo throughput in a bid to clear the backlogs that have built up over recent months.
In the first formal talks since the Federal Maritime Commission’s decision to approve the two ports working [...]
The Greek government will sell its majority stake in the port of Piraeus within weeks, the country’s deputy prime minister told China’s official Xinhua news agency, a flip-flop from the leftist government as it seeks funds from its creditors.
The Syriza government of Alexis Tsipras took power in January on promises to end [...]
The Port of Long Beach (POLB) announced Wednesday that a kickoff meeting earlier this week with the Port of Los Angeles (POLA) marked the beginning of their collaboration to enhance velocity and efficiency throughout the gateway’s supply chain.
As the first meeting under the formal discussion agreement recently approved by the Federal Maritime Commission (FMC), [...]
Lummi Nation, which has fished the waters off Cherry Point for centuries, and Crow Nation, a tribe in Montana sitting on billions of tons of coal, have taken opposite stances on a proposed coal terminal on the Lummis’ historic fishing grounds.
Crow Chairman Darrin Old Coyote wrote the U.S. Army Corps of Engineers on Jan. [...]
Congestion that has slowed goods movement to a crawl at U.S. ports such as Los Angeles and Long Beach will continue to be an ongoing issue for years, until the nation invests in long-term maritime infrastructure, Chairman of the Federal Maritime Commission Mario Cordero said Thursday.
“Congestion has been a problem long before labor negotiations [...]