A total of 221 cargo theft incidents were reported in the United States during first quarter 2016, up 8 percent from the same 2015 period, but average loss value per incident fell 56 percent, according to the latest report from FreightWatch International.
Global container shipping lines will face one or two more years of pain as the industry consolidates amid overcapacity and weaker demand, Port of Long Beach CEO Jon Slangerup said.
The Jacksonville, Fla.-based liner carrier awarded a $21 million construction contract to Del Valle Group, S.P. of Toa Baja, Puerto Rico to upgrade its Isla Grande Terminal in San Juan.
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The Water Resources Development Act reauthorization includes provisions sought by the nation's port authorities related to how harbor deepening projects are funded, getting more money for maintenance dredging in the pipeline and authorizing new projects.
The Port Authority of New York and New Jersey is seeking to resolve an investigation by the U.S. Securities and Exchange Commission into the agency’s bond statements on the financing of tunnel, bridge and road projects.
Many East Coast ports reported a decline in loaded container volumes during the month, reflecting the fact that the overall container trade is tepid, South Carolina Ports Authority CEO Jim Newsome explained.