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Hurricane damage to chassis has created equipment shortages that are hitting truckers with hours-long delays and demurrage costs at Port of New York and New Jersey marine terminals. “It’s an absolute disaster,” said Tom Heimgartner, president of Best Transportation in Port Newark. Other port drayage operators also expressed frustration at chassis shortages, long lines at [...]  Shippers loaded 12 foreign-flagged tankers with gasoline, diesel and other fuels to help relieve the storm-struck U.S. Northeast under a rare waiver of U.S. marine law, the government said on Thursday. The cargoes, which must be delivered by Nov. 20 under the waiver of the 1920 Jones Act, were slated to be discharged at ports [...] Longshoremen began unloading a variety of cargo Sunday morning at the Maher and APM container terminals along Newark Bay in Elizabeth, the Port Authority of New York and New Jersey said. Several ships were expected at the two terminals today, said the Port Authority. Jim McNamara, a spokesman for the ILA, said it wasn’t just [...] Longshore members on the West Coast are supporting our brothers and sisters on the East Coast. From Portland Local 8 Federal Credit Union: As you know, Hurricane Sandy pounded the East Coast, killing dozens, leaving millions without power, and thousands without homes or transportation. Our Brothers and Sisters in the International Longshoremen’s Association working the [...] The U.S. Department of Homeland Security on Friday issued a temporary, blanket waiver of the Jones Act to allow foreign-flagged oil tankers from the Gulf of Mexico to help supply the Northeast with fuel, after Hurricane Sandy shut two refineries in the region. The waiver will run through Nov. 13, the department said. More at [...] The Port of Virginia has just begun receiving cargo diverted from the Port of New York/New Jersey as a result of the damage caused to that critical Northeast port by Hurricane Sandy. Port leaders do not have a projection on the amount of cargo that could be diverted to Virginia, but on Tuesday they began [...] Already $305 million in public money has been spent on the Port of Anchorage expansion, but not all that went toward the dock in question. New roads, an expanded rail line, a new port security system and a fuel pipeline were built with project money as well, according to federal officials. That work will [...] The Journal of Commerce reports:
Hurricane Sandy, October 29 The Port of New York and New Jersey remained closed on Wednesday, while all other ports in the Northeast and mid-Atlantic reopened by Wednesday morning following the passage of Hurricane Sandy. The terminals in New York Harbor could remain closed for at least another day as [...]
Tropical Storm Isaac Major grain-trading companies shut down grain elevators in Louisiana to take precautions as Tropical Storm Isaac advanced toward the U.S. Gulf Coast. Archer Daniels Midland Co. (ADM) closed four elevators and its port operations in New Orleans, and rival Cargill Inc. said it was working on closing two elevators near the city. [...] Several major carriers have recently reported losses. Among them: Hapag-Lloyd Posts $172 Million First Quarter Loss German ocean carrier Hapag-Lloyd’s first quarter net loss widened to 132.4 million euros ($172 million) from 22.1 million euros ($28.7 million) a year ago as lower freight rates and higher fuel costs outweighed double-digit growth in container traffic. (More [...] Japanese exports to the United States surged 23.9 percent in March from a year earlier, to $12.7 billion, on strong auto and auto parts business, according to preliminary figures released by the Finance Ministry on recently. It was the fifth consecutive monthly rise. Japanese imports from also rose, but at a much slower pace of [...]
AJC reports that ‘Manufacturers have moved some production overseas to avoid the damage inflicted by the strong yen, a trend that has accelerated in recent years. Some economists say the trade balance will be in the black again within two years, but the era of very large surpluses that allowed Japan to build a [...] Projections of what will happen to the debris have been made by Nikolai Maximenko and Jan Hafner at the University of Hawaiʻi at Mānoa‘s International Pacific Research Center, shown in the animated image above. The 2,000-mile-long debris field from the March tsunami in Japan is expected to reach beaches in Hawaii next winter and [...] Everett has been identified by the US Department of Homeland Security (DHS) as a Strategic Recovery Port, in the event of a natural or man-made disaster. Constructing this additional half-mile rail line alongside the shipping terminals at the port of Everett would provide more opportunities for faster recovery from such a disaster impacting Seattle, Tacoma [...] Auto ship at Portland's Terminal 4 Japan’s slumping exports to the rest of the world have begun to show clear signs of recovery for the first time since the catastrophic earthquake and tsunami hit the northeastern part of the country on March 11. According to preliminary figures released by the Finance Ministry, Japan’s overall [...] |
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