Texas port traffic recovers slowly after Dolly
July 24, 2008The Port of Brownsville remained closed on Thursday, a day after Hurricane Dolly raked the region with high winds and heavy rains that left much of the region with power outages.
The West Gulf Maritime Association said the port is expected to reopen on Friday. Pilots are not boarding vessels, but the seaport office is operational.
In […]
Galveston secures industrial development loan
July 24, 2008The Port of Galveston and the state of Texas closed on a $28.1 million infrastructure improvement loan through the Texas Industry Development Loan Program, which provides long-term capital at below-market rates for strategic economic development projects in Texas.
The loan funds will be used to revitalize and modernize the port’s aging infrastructure and will be paid […]
Read more >>BBC, Clipper start Asia-South America service
July 23, 2008Asia Project Chartering, a partnership between BBC Chartering and Clipper Projects, is launching a new heavy-lift and project cargo liner service between ports in Asia and the west coast of South America.
The new one-way service, named APC SAFE Line (West Coast Service), extends the already existing route of the APC SAFE Line (East Coast Service) […]
US poultry exports set record
July 21, 2008U.S. poultry exports to Russia, China and Mexico are setting records for volume and value, although egg exports have fallen off.
A weak dollar and rising Chinese demand are “driving the bus,” said Toby Moore, vice president of communications for the USA Poultry & Egg Export Council. “China’s hog herd has been hit hard by […]
Arcapita enters venture for China wind farms
July 21, 2008Bahrain investment bank Arcapita has formed a joint venture with Colossus Holdings to develop a 1,650-megawatt portfolio of wind farms in China.
Total investment is pegged at more than $2 billion by 2012, and if successful would prove a source of breakbulk and project cargo for logistics services providers.
Arcapita in May acquired intermodal services provider […]
Is wind the answer?
July 21, 2008By Janet Plume
Anyone who is not thinking about the high cost of fuel prices today is living in a vacuum. Higher transportation costs are pushing up the price of everything from groceries to construction materials, with little in our everyday lives left untouched.
When people aren’t trying to stretch their checkbooks to cover all these higher costs, many […]
Cargo volume slips at New Orleans
July 21, 2008The Port of New Orleans’ general cargo volume was off 26 percent during the first four months of the year, to approximately 2 million tons from 2.7 million tons during the same period of 2007. A steep drop in steel imports hit the port particularly hard. Iron and steel totals were down 43.81 percent for […]
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