The terms "port" and "seaport" are used for different types of port facilities that handle ocean-going vessels. Global trade is largely dependent on maritime transportation into these destinations. There are major ports in six of the seven continents, from Port Said in Egypt to Australia’s Port of Melbourne, to the Port of Santos in Brazil. Asia is home to many of the world’s busiest seaports; the Port of Shanghai is the largest in the world in both cargo tonnage and activity, followed by the Ports of Singapore and Hong Kong.
Hanjin Bankruptcy Took Its Toll
Slowed by industry headwinds and challenges that included a major customer declaring bankruptcy, the Port of Long Beach still moved almost 6.8 million containers in 2016, its fifth best year ever. Overall cargo declined 5.8 percent in 2016 compared to 2015, as the port was impacted by new ocean carrier alliances and the August bankruptcy… Read More
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