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...
We’ve spent the year watching e-commerce grow into a behemoth shopping retailer, replacing brick-and-mortar experiences with convenient, almost second nature shopping from the comfort of our phones. While distribution centers have grown and new e-tailers sprung up, the monster...
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 another successful month, the Port of Virginia shows a 9% increase over March 2016 in container volumes for March 2017 as they moved 232,148 TEUs in preparation for the arrival of the COSCO Development – a 13,000 TEU...
According to an article in the Wall Street Journal, the US Justice Department raid on the Box Club meeting in late March was due to suspected collusion against tug boat operators by global shipping alliances. The increased attention on...
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...
As four of the largest vessel sharing alliances consolidate to become three even more powerful alliances to cut costs and increase leverage, the impact on ports and marine terminals could be enormous. The three major players in these alliances...
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,...
