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PortMiami Dredging Clears Way for Mega Ships
The completion of the PortMiami deep dredge project, which deepens the port’s main harbor channel from 42 feet to a depth of 52 feet to accommodate Post-Panamax ships, was announced by Florida Governor Rick Scott. Of the total $220 million cost for the channel deepening, the state of Florida invested $112 million and Miami-Dade County invested $108 million. Governor Scott announced plans to fully fund…
Will Opening of Expanded Panama Canal Be Delayed?
Though cracks were detected in the concrete walls of one of the locks of the newly expanded Panama Canal last month, the Panama Canal Authority (ACP) is maintaining…
Hapag-Lloyd Adds 6,000 Reefer Containers
In order to profit from the growing reefer markets in South America and Asia, Hapag-Lloyd has ordered 6,000 cutting-edge reefer containers – more than ever before in the company’s history. Hapag-Lloyd is gearing up for the temperature-sensitive cargo business in the important South American market. The liner shipping company is already operating the fourth-largest reefer container fleet in the world. In August, Hapag-Lloyd ordered 6,000 more reefers, all of them of the latest generation.
CMA CGM's Profits Jump 67% in Q2
French shipping giant CMA CGM, reported a 66.7% jump in net profit to $156m in the second quarter of 2015. The result compared to a $94m net profit in the same period a year earlier.
CMA CGM 2Q Post Higher Profit
* Volumes carried during the second quarter increased by 6.2% year-on-year, to 3.3 million TEUs, compared to global market volume growth of between 1% and 2%. *…
As the Reefer Market Grows, Hapag-Lloyd Invests Record Volumes
Hapag-Lloyd is investing a double-digit million amount in its container fleet and has ordered 6,000 (12,000 TEU) of the latest generation of reefer containers. The…
Egypt's Sisi Launches Nationalist New Suez Canal Celebration
Egypt staged a show of international support on Thursday as it inaugurated a major extension of the Suez Canal which President Abdel Fattah al-Sisi hopes will power an economic turnaround in the Arab world's most populous country. The former armed forces chief, who led a military takeover two years ago but ran for president as a civilian last year, told a ceremony attended by leaders of France, Russia, Arab and African states that Egypt would defeat terrorism.
Rail Deal to Boost New Orleans Container Flow
The Port of New Orleans and CN signed a memorandum of understanding (MOU) that will see the parties develop greater supply chain efficiencies aimed at drawing more container traffic through the Port to North American markets. “We and our Port of New Orleans gateway partners have a mutual interest in ensuring the competitive and efficient movement of container goods through the gateway and growing its market share,” said JJ Ruest, CN’s executive vice president and chief marketing officer.
Panama Canal’s Third Set of Locks Set for Water Trial
Water will start rushing into the newly expanded Panama Canal on Thursday (local time) in one area that was widened, ahead of the waterway's April 2016 re-inauguration.
Hapag-Lloyd Orders 5 New Containerships
When the expansion of the Panama Canal is complete, liner shipping companies will finally be able to use larger vessels. Hapag-Lloyd has therefore ordered five state-of-the-art ships. Hapag-Lloyd has ordered five modern container ships from the South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI) for its South American trade. Each of the new ships is 333 meters long, 48 meters wide and has capacity for 10,500 standard containers (TEU).
Trade Promotion Authority Means Business
Eddy Hayes, Chairman of the Board of Directors, World Trade Center of New Orleans, and Gary LaGrange, President and Chief Executive Officer of the Port of New Orleans, discuss New Orleans’ role as a key U.S. port city and address opportunities for trade expansion. As New Orleans approaches her 2018 tricentennial we are reminded of New Orleans’ metamorphosis from accidental trading post to key port city.
PSA Starts Expansion Work on 2m teu Panama Terminal
Singapore-based port operator PSA Panama International Terminal (PSA Panama) has started a USD 400 million expansion of its container terminal located on the west bank of the Panama Canal Pacific.
Hapag-Lloyd Orders 5 Ships for More Panama Canal Trade
Ship container line Hapag-Lloyd has placed an order for five vessels as it looks to bolster trade in Latin America ahead of next year's planned expansion of the Panama Canal…
Expanded Panama Canal to be Operational by April 2016
The widened Panama Canal is expected to finally be up and running in April 2016, after months of delays and cost overruns, AFP reports. The expansion project area will allow bigger ships to transit…
Largest Ship Ever Calls on Savannah
The Georgia Ports Authority welcomed the largest ship ever to call on the Port of Savannah today when the ZIM Tianjin docked at Garden City Terminal. "This 10,000…
Contract Awarded for Savannah Harbor Dredging
The U.S. Army Corps of Engineers has awarded a $134.5 million contract to the Great Lakes Dredge and Dock Company to begin dredging work for the expansion of the Savannah Harbor.
Port Manatee Gains Funding for Harbor Deepening Study
Port Manatee and its stakeholders look to benefit from full federal funding of a feasibility study related to deepening of its channel and harbor area, the port said. Manatee Harbor, near the Gulf of Mexico entrance to Tampa Bay, is one of only 10 waterways in the continental United States identified for such U.S. Army Corps of Engineers funding in the fiscal 2016 civil works budget announced by President Obama Monday, February 2.
GLDD, ESG in Steel Cutting Ceremony
Eastern Shipbuilding is pleased to announce that on, Monday, September 15, 2014, Great Lakes Dredge & Dock Company, LLC “(Great Lakes”) (NASDAQ: GLDD) and Eastern Shipbuilding Group, Inc. (ESG) cut steel starting the construction of a new Trailing Suction Hopper Dredge ATB . The cutting ceremony of the 433’ Trailing Suction Hopper Dredge Barge took place in Eastern’s under roof pre-fabrication building at its Allanton facility in Panama City, Florida.
Eastern Shipbuilding Start Construction of Dredge Barge ATB for Great Lakes
Eastern Shipbuilding is pleased to announce that on, Monday, September 15, 2014, Great Lakes Dredge & Dock Company, LLC and Eastern Shipbuilding Group, Inc. (ESG)…
Demand for Coastal and Transoceanic ATBs Grows
Along the way, ATBs gain speed, efficiency, safety – and popularity. Operators of articulated tugs and barges, or ATBs, say they like the maneuverability, weather reliability, stability, speed of these units, and the manner in which the tug pushes the barge. As a marine transportation concept, they can also simply be described as versatile. ATBs move petroleum, chemicals, coal, grain, containerized cargo and rail cars for customers on the U.S. coasts, rivers, the Great Lakes and overseas.