Global Container Terminals Inc. (GCT) has announced that it has entered into an agreement to sell its US-based terminal assets to French container shipping company CMA CGM Group. GCT currently operates two terminals in the United States, GCT New York on Staten Island, New York and GCT Bayonne in Bayonne, New Jersey, in the Port of New York and New…
Container volumes grew by double digits at Port Houston in October. A total of 371,994 TEUs were handled by the port during the last month, translating to a 13% increase compared to October 2021. Loaded containers reached the highest volume ever and were up 21% compared to the same month last year. Overall, container volumes from January to October at…
SeaPort Manatee, one of Florida’s largest deepwater seaports, has been awarded a federal grant of nearly US$12 million to advance a 67,000m² expansion of container yard facilities at Florida Gulf Coast trade gateway. The upgraded infrastructure of SeaPort Manatee is one of 26 projects for which a total of US$1.5 billion in Infrastructure for Rebuilding America (INFRA) grant funding was…
Shanghai Port Northeast Asia Empty Container Transportation Center has officially started operations at the port of Shanghai, the busiest container port in the world. The new container facility covers an area of 450,000m² and has an annual handling box capacity of 3 million TEU. “The new center will help us to apply digitalised and intelligent management to promote communications between…
PhilaPort welcomed the arrival of the vessel Wan Hai 315 to the Packer Avenue Marine Terminal this week. The weekly Asia – America 9 (AA9) Service makes calls to Haiphong, Vietnam; Shekou (Shenzhen), Shanghai, and Qingdao, China; Kaohsiung, Taiwan; and Balboa, Panama on its way to Philadelphia. “The arrival of Wan Hai Lines’ AA9 Service gives shippers a better alternative for…
The nation’s top port for containers is out with some big numbers again today. The Port of Los Angeles reported preliminary July figures showing an estimated 935,345 TEU crossed its docks last month, outpacing the previous record set in 2019 by 2.5%. The Port of Los Angeles has now set monthly records in five of seven months in 2022. Compared…
The Port of Long Beach (POLB) has achieved its busiest July on record in terms of TEU volumes, despite a cooldown in consumer spending. More specifically, dockworkers and terminal operators moved 785,843 TEU last month, which represents a slight increase of 0.13% from the previous record set in July 2021. Imports fell 1.8% to 376,175 TEU, exports decreased by 0.5%…
Congestion on the US West Coast led to a sharp increase in both demand and capacity on the Asia-US East Coast routes. Quoting Sea-Intelligence data, Xeneta said that in the three months to July 24, capacity between Asia and the US East Coast was up 18.9% on-year to an average of 210,000 teu. “Compared to the average weekly capacity in…
June container volume at Port Houston totaled 323,823 TEU, an 11% increase compared to the same month last year, marking the largest June in its history for containers. This is the fifth month this year with a double-digit increase over 2021, a record year for Port Houston’s container volume. Year-to-date, Port Houston has handled two million TEU, specifically 1,897,065 TEU,…
Port congestion in the US has shifted eastwards with more vessels now waiting at New York and Houston ports than Los Angeles and Long Beach. Congestion at US West Coast ports hit the headlines last year as it reached record levels with vessels waiting more than three weeks to berth at the key ports of Los Angeles and Long Beach…
