Despite Hurricane Matthew at the beginning of the month, the Port of Virginia moved 238,567 TEUs, an increase of 2.2% from October 2015, in the single busiest month of the port’s history. The ability to handle post Panamax vessels...
With the shipping market in unfamiliar and difficult territory, Drewry looks to make sense out of what happened in 2016 and what is coming in 2017. Everywhere we look for guidance into the 2017 fiscal projections, ideas are positive,...
In an eventful week, the Port of Norfolk has seized $85,000 in stolen auto parts bound for Jordan and $150,000 in counterfeit Disney and Nickelodeon Apparel headed to California from Egypt. Because of a random export check, CBP officers...
Hurricane Matthew caused the southeastern US ports more headaches than dollars. Reopening on Monday after closing early in preparation for the weather system, few damages were reported from Hampton Roads to Port Everglades. Though the storm caused more than...
Hanjin has filed for Chapter 15 bankruptcy protection in US courts this week after creditors pulled back any funding at the beginning of the month. Chapter 15 gives a foreign company the benefits of U.S. bankruptcy law, including protections...
Cosco Shipping became the first neo-panamax vessel to traverse the newly expanded Panama Canal when Cosco Shipping Panama was pulled by tugboats through the new locks at Agua Clara. They’ve also received the dubious honor of having the first...
In order to prepare for the Olympic Games, more than 6,000 containers, holding almost 30 million items needed to arrive in Rio de Janeiro, Brazil. Among the three categories of cargo bound for the games (event equipment, technology, and...
Only weeks since the Panama Canal expansion was completed and ships again started passing through the legendary waterway. Before the historic reopening, 100 neo-Panamax vessels had reservations for commercial transit through the locks, which are wider than the old...
As SOLAS took effect on July 1st, ports around the country are moving together with shippers and exporters to create a steady and efficient process to alleviate any growing pains from the rules. According to the JOC, “U.S. maritime...
In a bit of a shocking twist, the Virginia Port Authority changed position this week and advised they will provide VGM weights to exporters to comply with the SOLAS rules. The Virginia Port Authority revised their approach to the...
