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As a damaged BP rig spills an estimated 20,000 to 40,000 barrels a day into the Gulf of Mexico, barge shipments from Midwest port cities so far remain largely unaffected by the growing spill. The U.S. Coast Guard has stopped three ocean-going vessels for cleaning since the rig erupted, but barge traffic in the Port of [...] Global shipping line CMA CGM has announced that Mobile, USA (Alabama) and Pusan, Korea will be added to its PEX3 service (Asia-Gulf of Mexico) effective May 20, 2010. The shipping line said that the upgrade will allow a wider port coverage with the best transit times between Asia and the US Gulf coast where CMA CGM [...] This NASA photo from May 11 shows the oil spill in the Gulf of Mexico off the coast of Louisiana. Grain exporters and farmers have feared the impacts on shipping. An export-led recovery in U.S. containerized trade volumes appears to be taking root, and though imports still show only uneven progress, the massive oil spill [...] The biggest grain-shipping port in the U.S. may be disrupted by the spread of the BP oil spill in the Gulf of Mexico, threatening to depress domestic prices by encouraging importers to buy from South America. More than half of the grain inspected for export from the U.S., the world’s largest grower of corn and soybeans, [...] This WINK news graphic shows the projected path of the oil that's contaminating the Gulf of Mexico. Click on the image to read the WINK news story. “The biggest near-term risk from the oil spill is the potential for the disruption of shipping traffic in and out of the Port of New Orleans,” said the [...] With the recession showing signs of ebbing, Gulf of Mexico ports hope hundreds of millions of dollars in expansion projects proposed before the downturn will help them capture more trade as the world economy recovers. A US$5.25 billion project to expand the Panama Canal will allow the largest container ships to cut through to the [...] “We’re the Western Hemisphere’s largest tonnage port district and top gateway for US export and import traffic,” says Joel T. Chaisson, Port of South Louisiana Executive Director. “Our bulk dock has added more capability and we’re in the process of building a finger pier. We’re also working on a major project for a container and distribution [...] |
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