Mario Cordero has been named a likely candidate for the CEO post of the Port of Long Beach. The Board of Harbor Commissioners is expected to vote today to confirm his appointment, following the decision on his candidacy the Board made in an executive session on April 10, writes Long Beach Post. “After a comprehensive […]
Last week the Board of Harbor Commissioners that sets policy for the Port of Long Beach interviewed seven finalists for the post of the US second-busiest container port’s CEO. The new leader is expected to be announced by summer, although no candidates have been named so far, writes Long Beach Press Telegram. The port has […]
Hackett Associates in its latest Global Port Tracker report produced for the National Retail Federation (NRF) marks an “unusually high” growth in import volumes of US major retail container ports in January 2017, up 12.5% as compared with the previous year, reports NRF. The ports covered by the Global Port Tracker include Los Angeles/Long Beach, […]
Increasingly, cruise lines are taking terminal development at their ports of call into their own hands. Thus, in October 2015, Carnival Cruise Line completed the USD 85 mln development of the Amber Cove cruise port in the Dominican Republic. Norwegian Cruise Line invested USD 100 mln into port development at Harvest Caye, Belize, which welcomed […]
Philippine terminal operator International Container Terminal Services Inc. (ICTSI) has announced that its subsidiary ICTSI Oregon Inc. and the Port of Portland, USA, have mutually agreed to end the 25-year lease agreement to operate the container facility at Terminal 6 as from 31 March 2017, reports The Philippine Star. Following approval by the US Port […]
Yesterday at Virginia International Gateway (VIG), US East Coast, survey crews began the preparatory work commencing a USD 320 mln three-year expansion project that will nearly double the terminal’s annual capacity, announced the Virginia Port Authority press release. The project is the first of two large-scale expansion projects that, when complete in 2020, will increase […]
End of last week Terminal Investment Limited (TIL), a port operating subsidiary of MSC, confirmed the acquisition of Hanjin’s stake in Total Terminals International (TTI), a company which leases and operates container terminals in the ports of Long Beach and Seattle on the West Coast of the United States. The deal includes all of Hanjin’s […]
On Monday, January 23, President Donald Trump signed the executive order to withdraw the United States from the Trans-Pacific Partnership (TPP), reported CNN. With this act, he has started to fulfill his campaign promises “to undo America’s trade ties”. “Great thing for the American worker, what we just did,” Trump told reporters as he signed […]
Hyundai Merchant Marine Co. (HMM), announced last Friday its decision to buy a 20% stake in Total Terminals International LLC (TTI), an operator of Long Beach Terminal, California, wrote Business Korea. This news immediately follows the U.S. Bankruptcy Court’s approval of Hanjin Shipping Co.’s sale of its 54% stake in TTI to Terminal Investment Limited […]
South Korea’s Hyundai Merchant Marine Co. (HMM) has withdrawn from a joint bid with MSC for a controlling 54% stake in Total Terminals International LLC (TTI), an operator of Long Beach Terminal, California, writes The Wall Street Journal. In the beginning of December HMM and MSC formed a consortium to jointly acquire the stake in […]
