Ports News Updates

The new facilities will add to the UAE’s plans to build oil pipelines and expand other ports as it looks to reduce its dependence on the Strait of Hormuz.

The historic boost to U.S. crude exports triggered by the Iran war will likely endure, according to the head of the largest U.S. oil port.

DP World exited the U.S. port business in 2006 on security concerns raised by some American lawmakers citing Sept. 11 terrorists’ links to the United Arab Emirates.

The Quad group is a key strategic partnership for cooperation on maritime security, supply chains and regional strategy as China expands its military and economic influence.

The Department of Transportation has awarded $774 million in port infrastructure grants, with Alaska, Texas and Florida gaining the highest amounts.

The largest U.S. ports said rising supply chain uncertainty is affecting the flow of goods into the country, complicating forecasting and import comparisons.

Port of Los Angeles Executive Director Gene Seroka stressed that while cargo flows remain intact, the broader operating environment has become more unpredictable.

Panama Ports cites the Central American nation's “illegal state takeover” of the Balboa and Cristobal ports, and challenged a Feb. 23 executive decree it said authorized the seizure of its assets.

CK Hutchison's plans to sell its global ports are at an impasse a year after the deal was announced, with hopes pinned on a meeting between Donald Trump and Xi Jinping to yield a breakthrough.

Currently, Maersk operates 65 ground freight facilities in the U.S. The next terminals to open will be smaller than the Fontana site, the spokeswoman said.