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CMA CGM acquires GCT terminal assets in New York

CMA CGM acquires GCT terminal assets in New York

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…

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Port Houston reports box volume growth

Port Houston reports box volume growth

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…

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SeaPort Manatee receives US$12 million grant to upgrade container yard facilities

SeaPort Manatee receives US$12 million grant to upgrade container yard facilities

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…

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New empty container transportation center commences operations at Shanghai port

New empty container transportation center commences operations at Shanghai port

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…

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PhilaPort welcomes new Wan Hai Lines East Asia service

PhilaPort welcomes new Wan Hai Lines East Asia service

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…

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Port of Long Beach records busiest July ever

Port of Long Beach records busiest July ever

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%…

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Asia-US East Coast capacity up 18.9%

Asia-US East Coast capacity up 18.9%

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…

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Congestion shifts to US East Coast ports

Congestion shifts to US East Coast ports

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…

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