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East and West Coast port upgrades – a risky financial investment?

Posted by PortVision on Dec 13, 2016 6:07:00 AM

The new Panama Canal may not turn out to be an economic windfall for east and west coast US ports – at least in the short term. Just as the new Panama Canal channel and locks ramp up after the June 2016 opening, shippers like Nippon Yusen, Mitsui OSK Lines and Kawasaki Kisen are expecting major operating losses ($780 million) for the fiscal year ending in March 2017, as reported by Bloomberg Businessweek. As well, at a recent conference, the CFO of Haapag-Lloyd mentioned that the shipping industry is looking at the highest ship-scrapping levels ever seen. In Singapore, one of the world's largest ports, shipping container traffic fell 8.7% in 2015 and 1.7 % in 2016, so far.

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Port of New York and New Jersey completes deepening project for today's Panamax sized ships

Posted by PortVision on Nov 29, 2016 6:07:00 AM

The growing trend towards larger cargo vessels has initiated a number of dredging projects around the world. Panamax ships require a 50 foot draft; many ports in the US, in partnership with the US Army Corps of Engineers, are focusing on increasing the depth of their navigation channels.

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New Panama Canal moving port projects forward to accommodate Panamax traffic

Posted by PortVision on Nov 22, 2016 6:07:00 AM

After a nine-year construction project costing $5.4 billion, the new Panama Canal channel and locks opened, doubling its capacity in this important transit between the Pacific and the Atlantic Oceans. The canal will now host 42 vessels a day and by 2020 that number will increase to 51.

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Are there issues navigating the new locks in the Panama Canal?

Posted by PortVision on Sep 27, 2016 6:07:00 AM

During the first ship's inaugural transit through the newly expanded canal, a navigation error caused a crash, as reported by the New York Times. The Cosco Shipping Panama, a Chinese container ship, scraped along a canal wall.

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Mega-ship Challenges and Benefits for Ports

Posted by PortVision on Apr 19, 2016 6:07:00 AM

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Port of Baltimore Ready for Large Ships

Posted by PortVision on Mar 29, 2016 6:04:00 AM

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Port Profile: The Northwest Seaport Alliance

Posted by Chris Leslie on Jan 5, 2016 5:07:00 AM

In August of 2015, the ports of Seattle and Tacoma unified to create the Northwest Seaport Alliance; a first of its kind in North America. Under a newly unified management of each port’s marine cargo facilities, the Northwest Seaport Alliance looks to attract more marine cargo and increase job growth for the region through strengthening the Puget Sound gateway.

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PortVision's Top 10 Blogs of 2015

Posted by Chris Leslie on Dec 30, 2015 5:07:00 AM

Happy New Year from Oceaneering's PortVision!

2015 was a great year here at PortVision. We received more blog views and new subscribers than ever before. Thank you to all of our readers for your support and we look forward to the new year!

Here are the top 10 Blogs of 2015:

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Port of Corpus Christi to Expand Ship Channel

Posted by Chris Leslie on Sep 10, 2015 7:05:00 AM

On August 21st, the Port of Corpus Christi hosted its annual State of the Port Address. hosted by the Corpus Christi Hispanic Chamber of Commerce.

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Do Mega-Ships mean Mega-Investment?

Posted by PortVision on Jul 14, 2015 9:05:00 AM

As manufacturers all over the world look to bring down their transportation costs, a number of them have turned to shipping companies that promise larger ships. These so-called Mega-Ships are able to transport record amount of cargo (containers, LNG, or crude), yet they present several logistical and financial challenges to the ports that host them.

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