CLEVELAND— The Port of Cleveland will soon have a second freighter traversing the Atlantic Ocean. Despite financial losses on its freighter to Europe, the Cleveland- Cuyahoga County Port Authority has reached an agreement with its Dutch partner to add a second ship to the trans-Atlantic service.» Read More
Australia's Port Hedland, which handles about a fifth of the world's seaborne-traded iron ore, will reopen on Wednesday after being spared the brunt of a cyclone that has also shut other major ports in Western Australia.
The threat of imminent labor unrest at four U.S. Pacific Northwest ports was averted on Wednesday as the dockworkers union said its members would stay on the job despite "substandard" contract terms being imposed unilaterally by grain shippers.
A U.S. port workers union has accused APM Terminals, a port operator of A.P. Moller-Maersk, of spying on union representatives in Los Angeles by tapping their phones.
As the Greek government contemplates shedding state-owned assets to help pay down staggering debts, it could consider leasing or even selling the rest of the port to China, the New York Times reports.
The outlook of the container shipping industry remains uncertain, according to NOL’s Chief, as the industry grapples with concerns over rising fuel costs, overcapacity and ripple effects from the Japan disaster. Shipping veteran Ron Widdows, who helms the Singapore-based company, the world’s sixth-largest container shipping company, talks to CNBC’s Christine Tan.