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.
Escalating Middle East Tensions Trigger Projected Surge in War Risk Premiums and Freight Rates
In a significant escalation of tensions in the Middle East, Iran’s capture of the MSC Aries, a container ship linked… Read More
Water Resources Bill Moving Along in U.S. Congress
The House Transportation and Infrastructure Committee of the U.S. Congress approved a bipartisan Water Resources Development Act (WRDA) of 2016… Read More
Planned Port Capacity Will Be Sufficient in Most of the World
The capacity improvements currently planned in seaports around the world will be “sufficient enough” to accommodate future trade growth to… Read More
India-Iran Port Deal the Beginning of More Extensive Relationship
India pledged last week to contribute $500 million to the development of a port at Chabahar in southern Iran. The… Read More
NCBFAA Urges FMC to Accept VGM Process Agreement
In a letter to the Federal Maritime Commission (FMC), National Customs Brokers and Forwarders Association, Inc. (NCBFAA) General Counsel Edward… Read More
Chinese Investment in New Container Terminal in Panama
The Panama Maritime Authority (AMP) has signed a contract for a new container terminal on the Atlantic side of the… Read More
U.S. Organization Announces Major Container Weighing Initiative
The Ocean Carrier Equipment Management Association (OCEMA) is working with six major U.S. ports to develop a solution that would… Read More
Container Volume Up Three Percent at South Carolina Ports
The South Carolina Ports Authority reported a 2.8 percent increase in twenty foot-equivalent unit (TEU) volume fiscal year to date,… Read More
Commemorating National Maritime Day
A little-known annual American commemoration took place earlier this week. May 22 was National Maritime Day. It was declared by… Read More
Florida East Coast Railway Delivers First Intermodal Shipment Purchased on EZ Buy
Florida East Coast Railway (FECR) has delivered the first intermodal shipment purchased through its new tool EZ Buy, an online… Read More
European Maritime Day Focuses on Investments in Blue Economy
Every year the international conference and exhibition that celebrate European Maritime Day offer maritime stakeholders a dynamic platform for dialogue… Read More
U.S. Senate Passes Bill to Fund U.S. Navigation Infrastructure
The U.S. Senate passed the fiscal 2017 Energy and Water Development Appropriations Bill by a vote of 90-8 last week…. Read More
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