The Port of Long Beach expects a “Temporary Empty Container Depot” planned for a vacant pier on Terminal Island to be open and operating in December, which will help to alleviate congestion at the docks. The Long Beach Board of Harbor Commissioners approved the use of 30 acres on Pier S for temporary storage of empty shipping containers. The temporary depot will help put back into circulation more chassis -- the wheeled trailer-frames that trucks use to haul cargo containers. Because many terminals are congested due to the current peak in cargo volume and have no room to accept empty cargo containers, more space is needed to temporarily store those empties. The temporary empty container storage depot will provide a location for truckers to deliver empty containers and remove them from a chassis, and then use the chassis to pick up loaded containers and haul them to their destination. Ports around the U.S. have been experiencing higher cargo volumes as importers prepare for the holiday shopping season. At the local port complex, a new chassis ownership system has at times left terminals and truckers without the equipment they need. The vacant Pier S site is currently being prepared to handle the incoming empty containers, and will be ready for use in December. Pasha Stevedoring and Terminals, a private company, will be the operator. The plan is to close the site by March 31, 2015
Farmers in northeast Oregon won't have to worry about having a reliable crane to load their products onto barges at the Port of Umatilla thanks to a $1 million grant from the Federal Railroad Administration (FRA) announced. The grant will pay to complete the installation of the new crane, upgrade the electric supply system and expand the container storage area on the port dock, the agency said. The crane will replace an aging gantry crane erected in the 1940's.
ICT group of companies will invest $30M in construction of the first transport and logistic center in St. Petersburg. This center, is expected to meet the highest international standards, will be constructed on Kubinskaya street in Predportovaya-1 industrial zone. Project management will be carried out by Incotec. Construction of the first phase of transport and logistic center is to start in March 2004. Total construction area will make 18,4 hectares
After more than thirty three years of continuous presence in Iraq, the CMA CGM Group will open a new bonded Dry Port near Baghdad in the Abu Ghreib area, in Iraq, in June 2013. Exclusively managed and operated by CMA CGM, the Dry Port will be the only one in Iraq, giving customers the opportunity to custom clear their cargo near Baghdad instead of Umm Qasr, according their convenience time. The Dry Port will connect to CMA CGM’s inland transportation network
Reftrade UK, a specialist in the sale and lease of refrigerated containers and temperature controlled units to the offshore energy sector, said it has made a £100,000 investment in its rental fleet to aid further business growth. The company said its investment will see Reftrade UK take a market-lead as the only rental supplier of 10ft and 20ft explosion proof containers. Greg Spence, Reftrade UK managing director said, “Following extensive market research
Gone are the days where a refrigerated unit was a 20ft container with a fridge pack attached. In today’s offshore environment it is it about quality and reliability and the safety of the people working with our kit from dock to deck, explains Greg Spence, managing director of Reftrade UK. The oil and gas industry is synonymous with the highest standards in health and safety, it is paramount to any operator and service company working in the sector
Maersk Line has announced the implementation of QUEST, which will enable a significant reduction in the energy consumption and CO2 emissions of refrigerated containers (reefers). QUEST (Quality and Energy efficiency in Storage and Transport) is a software solution, providing a new temperature control regime. The reefer container can cut the energy consumption used for cooling with up to 50% without impacting the quality of refrigeration solutions
Carrier Transicold’s Container Products Group recently achieved production of its 700,000th container refrigeration unit. Carrier Transicold is a part of Carrier Corp., a business unit of United Technologies Corp. (NYSE: UTX). Since shipping its first container refrigeration unit in 1968, Carrier has provided refrigeration units to nearly every shipping line, container-leasing company and major global produce shipper in the world.
Port of Los Angeles breaks ground on US$137-million railyard that will increase on-dock rail efficiency, reduce congestion and improve environment. Los Angeles Mayor Antonio Villaraigosa and Port of Los Angeles officials broke ground on a new intermodal storage railyard that will improve a vital link in the national freight network. The new yard will function as a critical link between the Port of Los Angeles and the Alameda Corridor, providing staging and storage for trains using the corridor
U.K. inland container service operator Pentalver opened a new five-acre site at the U.K.’s newest deep sea container port, DP World London Gateway, the London Port Authority announced. Plans for the site – which will be built in two phases – were revealed in January and position Pentalver as the largest container service operator at the port. The new yard, located adjacent to the port’s main gate, can be expanded to nine acres over the coming years.
Freight rates for transporting containers from ports in Asia to Northern Europe fell 8.1 percent to $713 per 20-foot container (TEU) in the week ended on Friday, the Shanghai Containerized Freight Index showed according to a source with access to the data.
After 25 years as CEO of Antwerp Port Authority, Eddy Bruyninckx has been raised to the nobility by H.M. the king of Belgium with the rank of baron. In Belgium the title of baron or baroness is reserved for those who have made a notable contribution in a particular sector
Japanese shipping company Mitsui O.S.K. Lines, has, through its wholly-owned subsidiary Lakler S.A., agreed to conclude a charter contract with Gas Sayago, for a floating storage and regasification unit (FSRU) project in Montevideo, Uruguay.
Hoover Container Solutions’ chairman and CEO, Donald Young, has been nominated and elected to the Petroleum Equipment & Services Association (PESA) Advisory Board for a three-year term. PESA’s leadership is comprised of experienced industry executives dedicated to advancing
Cosco has decided to transfer its containers to the port of Koper in Slovenia from Piraeus in order to deal with the Greek railway strikes. Cosco has got around the problem created for its freight forwarding network by Greek railway workers’ ongoing strike action by sending
United Arab Shipping Co (UASC) is considering the sale of its stake in United Arab Chemical Carriers (UACC) for oil and petrochemicals as part of its plans to merge with German container line Hapag-Lloyd, says Bloomberg.
Driven by strong imports, The Port of Virginia handled 216,672 twenty-foot equivalent units (TEUs) in its strongest June cargo performance on record that helped to push the port to a solid finish for fiscal year 2016. “We finished fiscal year 2016 in positive territory
The port of Antwerp handled a freight volume of 108,317,922 tonnes in the first six months of this year, 3.6% more than in the same period last year. The container volume in TEU expanded by 4.4% while liquid bulk grew even more, by 8.4%
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 17 percent to $776 per 20-foot container (TEU) in the week ended on Friday, the Shanghai Containerized Freight Index showed according to a source with access to the data.
The Cargo Shipping Market is estimated to gain momentum after fiscal year 2018 after years of sluggish growth. Cargo Shipping Market is projected to reach 12.52 Billion Tons at CAGR of 3.5% from 2016 to 2021. According to report Cargo Shipping Market - Global Trends and Forecast to
On July 15, 2016, Victoria International Container Terminal (VICT) signed a syndicated loan facility worth AUD 398 million (approximately USD 300 million) with seven leading global financial institutions, namely: Citibank N.A., KFW IPEX-Bank
A record number of around 150 container vessels are expected to be scrapped in 2016 but it will not be enough for an industry battling over capacity, low demand and falling rates, consultancy firm Drewry said. In 2015, demolitions were less than half of the expected 2016 level but it will not
Glencore books the STI Grace tanker to store fuel at sea-traders. This has not been the summer many oil traders had expected after last year's bumper profits. Banking on more of the same, the world's refineries have churned out more diesel
Maersk Line, the world's largest container shipping company, told its clients on Tuesday it will set the maximum freight rate from Far East Asia to Europe at $1,250 per 20-foot container (TEU) as of August 1, down by $200 from the previous month's comparable rate.
Navis has announced a new N4 terminal operating system (TOS) licensing agreement with Italian terminal, Trieste Marine Terminal (TMT). TMT selected the Navis TOS to optimize the terminal’s operational cycle and lower costs. The ultimate goal is to increase TMT’s efficiencies