James R Bruner News

Maersk Exec says Ports need to Prepare for Flood of Cargo

According to a report in the Virginian Pilot, the North American head of shipping conglomerate A.P. Moller-Maersk Group called for increased investment in U.S. ports and said planning is already under way for the second phase of the new terminal his company is building in Portsmouth, Va. James R. Bruner, president and chief executive officer of Maersk Inc., said North American ports need to vastly increase their capacity to handle a flood of cargo containers expected from Asia in coming years. He spoke Thursday evening at the annual banquet of the Virginia Maritime Association, formerly the Hampton Roads Maritime Association, at the Norfolk Marriott Waterside and Waterside Convention Center. The number of containers moving to and from North America grew 13 percent last year, he said.