Port of Los Angeles has announced the completion of the Everport Terminal Improvement Project, located at berths 226-236 along the Los Angeles main channel. Amounting to US$65 million, the project will allow Everport Container Terminal to improve its container-handling efficiency and capacity to accommodate larger container ships. The deployment of larger vessels is therefore anticipated to encourage fewer ship calls,…
November volumes at the Port of Virginia in Norfolk were at an all-time monthly record, according to the Virginia Port Authority. Year-over-year volumes were nearly 4% higher, totaling 290,759 twenty-foot equivalent units. However, November’s volumes were down nearly 9% from October totals, which was the highest monthly volume on record at 318,482 TEUs. Import loads and empties supported November volumes, with import loads…
China’s near 100% monopoly of the container manufacturing business could have an Asian rival soon. Two South Korean firms – Seojin Systems and Ace Engineering – are constructing a container factory in Haiphong, Vietnam, due to go into operation in the middle of next year. The project is supported by state-run ship finance specialist Korea Ocean Business Corporation (KOBC). The…
