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The multi-million dollar renovation on the port's main dock will enable the port and Tuloma Stevedoring, the operator of the port's main dock, to handle over one million tons of steel and break bulk cargo each year.
The Danish ocean carrier will alter its ME2 and ME3 loops between the Mediterranean and the Middle East and Indian Subcontinent this month.
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd announced general rate increases.
Industry advisors to the Commerce Department are calling on the government to get involved much sooner when contract talks between dockworkers and terminal operators diminish port productivity.
A group of Republican House lawmakers on Friday exercised a rarely used “discharge petition” to gather enough support to force a vote on the chamber floor to reauthorize the U.S. Export-Import Bank.
The legislation (HR 702) also includes a provision to increase funding for the 60 ships in the Maritime Security Program from $3 million to $5 million.