The Korean port’s increase in container volumes resulted from the Hanjin Incheon Container Terminal opening this year, Incheon Port Authority (IPA) President Yoo Chang-kuen said.
The commercial fleet management, dedicated transportation and supply chain solutions provider saw second quarter net earnings drop 14 percent to $74 million compared to the same 2015 period despite a 2 percent uptick in revenues.
The Dubai, United Arab Emirates-based global port terminal operator signed a memorandum of understanding with state-run Taiwan International Ports Corporation to build and operate Kaohsiung Port’s Terminal 7 in Taiwan.
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The Seattle-based terminal operator’s new Tuxpan Marine Terminal in eastern Mexico received its first customer last Monday with the arrival of the 4,178-TEU Hammonia Venetia.
Federal Maritime Commissioner Richard A. Lidinsky Jr. said that ports in the United States must continue to expand and improve to handle rising container volumes in order to stay competitive with neighboring foreign ports.
The massive $5.3 billion project comes with “considerable safety concerns,” which could lead to accidents and delays for shippers and higher claims for insurers, according to a new report from the London-based risk management consultancy.