Search results for: us-east-coast

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  • 23 August 2019
    Business & Finance

    States along the US East Coast are seeking to procure more than 19,300MW of offshore wind capacity through 2035, according to an analysis from S&P Global Market Intelligence and S&P Global Platts. Legislation, regulation and, now, approved power purchase agreements are encouraging the development of the new capacity, though only 30MW of offshore wind resources […]

  • 23 August 2019
    Business & Finance

    States along the US East Coast are seeking to procure more than 19,300MW of offshore wind capacity through 2035, according to an analysis from S&P Global Market Intelligence and S&P Global Platts. Legislation, regulation and, now, approved power purchase agreements are encouraging the development of the new capacity, though only 30MW of offshore wind resources […]

  • 14 April 2015
    Business & Finance

    Spot rates from Asia to the US East Coast are now typically 2.1 times higher than to the US West Coast, prompting three new weekly services from Asia to USEC, according to Drewry Supply Chain Advisors. First up, the CKYHE Alliance started a new Asia-USEC via Panama service with a maiden departure by the 4,211 TEU Ever […]

  • 9 March 2015

    The US East Coast (USEC) ports, which have benefited the most from the West Coast labor contract dispute, seeing record monthly throughputs, should brace themselves for another shift in market dynamics. Spot rates from Asia to the USEC are now typically x2.1 higher than to the USWC, up from an average of x1.6 through 2013 and the first five months […]

  • 27 April 2016
    Business & Finance

    The pan-Asian container shipping alliance CKYHE Alliance said that it will provide more and restructured services through five Asia-US East Coast services from early June of 2016. The alliance members, comprising COSCON, “K”Line, Yang Ming, Hanjin and Evergreen Line, said that the services, AWE1/AWE3/AWE4/AWE8/NUE, will be redesigned on the route. Namely, the AWE1/AWE3/NUE loops will be upsizeded, while the AWE4/AWE8 […]

  • 10 October 2016

    Following the passing of Hurricane Matthew, seaports in North Carolina, South Carolina, Georgia and Florida are returning to normal operating conditions. The North Carolina State Ports Authority said the Ports of Wilmington and Morehead City will return to a normal operating schedule on October 10, 2016. In addition, the South Carolina Ports Authority (SCPA) said it […]

  • 18 June 2015
    Business & Finance

    Following the USD 5 billion Panama Canal expansion in 2016, up to 10 percent of container traffic to the US from East Asia could shift from West Coast ports to East Coast ports by 2020, according to new research conducted by The Boston Consulting Group (BCG) and C.H. Robinson. In 2014, about 35 percent of […]

  • 3 November 2015
    Business & Finance

    The Virginia Port Authority (VPA), based in Norfolk, US, handled 215,520 TEUs (twenty-foot equivalent units) in September, an increase of 7.2 percent compared with the same month last year. With this, VPA marked the seventh consecutive month of TEU volumes exceeding 210,000 units. In the first quarter of fiscal year 2016, The Port of Virginia’s cargo […]

  • 5 October 2016

    The US Coast Guard has set port condition X-Ray for a number of ports in Florida and port condition Whiskey for one South Carolina’s port in response to Hurricane Matthew, which is currently located in the Caribbean sea and moving towards the US East Coast. Effective October 4, 2016, the USCG set port condition X-Ray for Port […]

  • 17 February 2016

    2015 was a busy year for container traffic on the US East Coast with the arrival of 7.9 million TEU of loaded containers, a 12.6% increase when compared to 7 million in 2014, BIMCO’s data shows. While the US East Coast ports experienced a surge in incoming traffic, labour issues and port congestion gloomed over the […]

  • 24 February 2017
    Business & Finance

    The International Longshoremen’s Association (ILA) has called for a one-day shutdown of US East Coast and Gulf Coast ports to protest over job losses. The date of the planned industrial action, which includes a march of dockworkers on Washington, was not disclosed. The protest will be organized due to hiring practices in some of the […]

  • 30 May 2016

    The container shipping sector is bracing for a major impact from the long-awaited opening of the expanded Panama Canal, scheduled to take place on June 26, 2016.  China COSCO Shipping’s container vessel Andronikos will be the first ship to transit the expanded canal, marking the completion of the USD 6 bn project. As a result, the Post-Panamax vessels with […]

  • 2 September 2016

    The US Coast Guard has halted maritime traffic at major seaports on the country’s east coast in response to Hurricane Hermine. The USCG has set Port Hurricane Condition Yankee for the ports of Charleston, Brunswick, Savannah, coastal South Carolina and coastal Georgia due to Hurricane Hermine. In addition, the USCG has set Port Condition Zulu […]

  • 23 October 2014
    Business & Finance

    MSC Mediterranean Shipping Company S.A. has confirmed continued direct shipping services from Northern Europe to the key U.S. ports of Boston and Philadelphia. The revised service is due to come into effect in early 2015. MSC says that while the 2M vessel sharing agreement with Maersk Line will deliver operational benefits for MSC clients, the proposed […]

  • 12 July 2016
    Business & Finance

    Poor container shipping freight levels and the countdown to the reformation of alliances in March of 2017 have pre-empted any mass invasion of new capacity in the Asia-East Coast North America (ECNA) trade, thus further drift of cargo from a West Coast routing to an East Coast carriage will be gradual, according to shipping consultancy […]

  • 20 December 2013
    Business & Finance

    Aegean Marine Petroleum Network Inc. (Aegean) yesterday announced the completion of the previously announced acquisition of the U.S. East Coast bunkering business of Hess Corporation. The transaction, which includes bunkering operations that averaged 1.8 million metric tons in annual sales over the past three years, is valued at $30 million plus the value of the […]

  • 10 June 2016

    The Port of New York and New Jersey will be able to handle 14,000 TEU vessels toward the end of 2017, officials at the Port Authority of New York and New Jersey confirmed on June 7. The planned completion of the 50-foot Harbor Deepening Project later this summer and the anticipated completion of the navigational […]

  • 28 February 2017
    Business & Finance

    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. “The Expanded Canal has had a global ripple effect on maritime trade,” said […]

  • 19 March 2019
    Business & Finance

    Cape Sounio transited the Panama Canal from Asia before reaching the US East Coast.

  • 6 October 2016

    The US Coast Guard has set port condition Zulu for South Florida ports, closing the ports to all vessel traffic due to the passing of the Hurricane Matthew. The USCG has closed Port Canaveral, Port Miami, Miami River, Port Everglades, Port of Palm Beach, Port of Fort Pierce and all other South Florida terminals and […]

  • 18 October 2019

    The works to make the Port of Virginia the deepest port on the US East Coast are set to begin in January 2020.

  • 23 September 2011

      Virginia Port Authority’s top-to-bottom shake-up will leave no stone unturned in its quest to make the port more competitive on the US East… (PortStrategy) [mappress] Source: PortStrategy, September 23, 2011;