Ports

Container CEOs jointly attack US ports for having insufficient infrastructure

If US ports were better equipped and worked like ports in Asia, the severe bottlenecks on the US West Coast might have eased off long ago. CEOs of two container majors strike back with a surprisingly clear quest to invest more and work longer hours.

CMA CGM buys 50 percent of TTIA terminal in Algeciras

French shipping group CMA CGM buys 50 percent minus one share of Spain’s Total Terminal International Algeciras (TTIA) port terminal.

Port of Los Angeles takes steps to battle port congestion

Port of Los Angeles on the US West Coast plans to divert container ships to other ports in an effort to get control of the congestion problems that currently cause bottlenecks for both containers and ships, report several media.

Two major European ports join forces

Antwerp and Bruges have agreed to merge the two cities' ports in an effort to strengthen their position in the global supply chain. The merger is expected to take a year.

German terminal operator saw its result plunge by EUR 100 million last year

The coronavirus pandemic made a big dent in the result at the largest terminal operator in the Port of Hamburg in 2020, which launched a cost-cutting program towards the end of the year.

Growth sidestepped DP World despite 71 million teu throughput

Port operator DP World handled 71.2 million teu in 2020. This corresponds to a growth of just 0.2 percent compared to 2019, but it was better than the market, says the company's CEO.

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