In 2013, the Nicaraguan president, Daniel Ortega and Wang Jing, a relatively unknown Chinese businessman made headlines when they announced that Nicaragua was going to build an inter-oceanic passage to compete with the Panama canal. The initial cost for...
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...
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...
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 the bunker surcharge drops, some shipping lines are rerouting their vessels to move around the Cape of Good Hope instead of voyaging through the Panama and Suez Canals. Carriers offset the distance by speeding up the ships so...
On December 26th, the largest containership, the CMA CGM Benjamin Franklin, called on Los Angeles, CA. With a capacity of 18,000 TEUs the Benjamin Franklin is the first megaship to call on a US port. Up to this point,...
With the labor issues on the West Coast, the East Coast of the United States saw growth in the first quarter of this year. In fact, the East Coast actually outpaced the West Coast in containerized cargo 48-44 percent,...
Craney Island is a manmade island located near the entrance to the navigational channel of the Elizabeth River and could be an integral component in the growth of Hampton Roads port when the Panama Canal expansion is completed. Everyone’s...
Projected to open in 2015 with the ability to accommodate containerships larger than 5000 TEU’s (Twenty-foot equivalent units), the widening of the Panama Canal will provide new economic opportunities for the Port of Virginia, the carriers who call the...
