Due to extreme weather issued this winter, the Port of Virginia has seen container volumes fall slightly. An unusual issue for a port that is celebrating record setting trends and numbers year after year, the beginning of the calendar...
Your friends are encouraging you to go ahead and do it. The product is selling well here, why not expand your business and sell overseas. You have the extra inventory. You think to yourself, “What do I have to lose?” There...
Once the $6.3bn agreement to buy OOCL is approved, Cosco will become the third largest container line in the world. The agreement, announced July 9th, is the latest in a string of consolidations that will see 75% of all...
In a combined effort to encourage cooperation, communication, and efficiency in regards to operations, safety and customer service, Georgia Ports Authority and the Virginia Port Authority filed a request with the Federal Maritime Commission to create the East Coast...
On Tuesday, a press release from the ILA called for a shutdown of ports along the Atlantic and Gulf Coasts to protest job losses and highlight hiring practices that purposely reduce the numbers of dockworkers, causing immeasurable damage to...
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,...
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...
The Virginia Port Authority plans to enter an agreement to become a sister port with the Port of Mariel, Cuba to enhance trade between the two. Virginia Governor, Terry McAuliffe spearheads the idea of linking the ports, working tirelessly...
