Panama Canal expansion was not waste of time

It’s now a full year since Panama opened the upgraded Panama Canal, but the canal remains unable to handle any vessel carrying 13,500 TEU’s or more. However, this does not mean that the expansion was a waste of time and money, Xeneta notes.

DP World may revive US$1.6 billion Jebel Ali terminal 4 expansion next year

DP World, one of the biggest port operators globally, may resume development next year of the US$1.6 billion...

Honduran Puerto Cortes Terminal Set For Expansion Works

Operadura Portuaria Centroamericana SA de CV (OPC), a subsidiary of International Container Terminal Services, Inc. (ICTSI), has signed a contract with China Harbour Engineering Company (CHEC) for the first phase of the expansion of the Specialized Contai

11 New Services Added to Panama Canal

The Panama Canal has welcomed 11 new services through the waterway since its expansion, the canal authority said, adding that this number is expected to grow further as global shipping lines are redrawn to take advantage of the canal’s economies of scale.

DryShips Announces Strategic Expansion Into the Gas Carrier Market

DryShips Inc., an international owner of drybulk carriers and offshore support vessels, announced today that, it has agreed to enter into a “zero cost” Option Agreement (“LPG Option Agreement”) with companies controlled by its Chairman and Chief Executive

TraPac Cleared to Expand Oakland Container Terminal

TraPac, an operator of the second largest marine terminal at the Californian Port of Oakland, has received approval from the US Board of Port Commissioners for the expansion project that would nearly double the size of the terminal.

PortMiami Wins USD 33 Mn in Future State Grants

A total of USD 33 million in State grants have been allocated to US East Coast PortMiami over the next five years, according to Miami-Dade County.