Tag: North America

US container imports to grow significantly in 2017

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, […]

Royal Caribbean to build new cruise terminal in Miami

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 […]

ICTSI terminates lease in Portland

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 […]

Port of Virginia starts expansion project

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 […]

HMM and MSC share Hanjin’s TTI in US

TTI Long Beach Terminal

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 […]

HMM pulled out of the race for Long Beach Terminal

TTI Long Beach container terminal, California

South Korea’s Hyundai Merchant Marine Co. (HMM) has withdrawn from a joint bid with MSC for a controlling 54% stake in Total Terminals International LLC (TTI), an operator of Long Beach Terminal, California, writes The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 […]

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