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The discount variety chain's 1.5 million-square-foot facility in Upstate, South Carolina is expected to generate major trade growth for the Port of Charleston, according to South Carolina Port Authority CEO Jim Newsome.
Georgia Ports Authority said TEU volumes in Savannah have climbed almost 17 percent in the past 12 months.
Foreign Minister Sameh Shoukry said Monday that Egypt is capable of protecting the new waterway that runs alongside the existing canal.
Meanwhile, maritime consultant Drewry said it believes the sale of G6 Alliance member APL's parent company Neptune Orient Lines is unlikely at this time, despite the line being a "habitual loss maker."