LOCAL PORT NEWS

  • Port sinks to sixth straight fiscal-year loss

    NORFOLKThe Virginia Port Authority on Monday reported an operating loss of $17.1 million for the fiscal year that ended June 30 - its sixth consecutive fiscal-year loss.

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  • Norfolk terminal's appointment system delayed again

    The enforcement of an appointment system for truckers calling at the port's Norfolk International Terminals container facility has been pushed back to later this year.It had been set to start Monday after being rescheduled from June 16.

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  • Got a Container? Need one? Matchmaker offers to help.

    PORTSMOUTHTowering stacks of empty cargo containers are familiar sights around ports all over the country, including Hampton Roads.So many empty boxes were piled up at the APM Terminals’ container facility in Portsmouth last week that the port sent truckers a text message telling them the terminal wouldn’t take any more, at least for the time being.

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  • Norfolk Southern files suit over oil shipment records

    WASHINGTONNorfolk Southern Corp. has sued the state of Maryland to stop the public release of information about shipments of crude oil by rail.

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  • Norfolk Southern 2Q profit rises 21 percent

    Riding a rebound in rail shipments after a harsh winter, Norfolk Southern Corp. enjoyed record profits in the second quarter.The Norfolk-based railroad said Wednesday that its net income for the quarter surged 21 percent from the year before, to $562 million. That worked out to a profit of $1.79 a share, which was 5 cents higher than the consensus of analysts surveyed by FactSet.

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US & INTERNATIONAL

  • Egypt threatens DP World with port project withdrawal

    The government has threatened to withdraw a contract granting DP World the right to run a containers depot at Ain Sokhna port due to the company’s failure to implement investments stated in its contract with the Egyptian government since it bought the terminal. An admonition sent by the Red Sea Ports Authority to the company’s [...]

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  • Volatile atmosphere at Gaza demonstration prevents Longshoremen from entering Port of Oakland terminal

    Members of the International Longshore and Warehouse Union were unable to report to work Sunday night at SSA Marine’s terminal in Oakland, Calif., due to volatility associated with a large demonstration and significant police presence at the gates of the facility. In 2005, Oakland police fired rubber bullets in similar circumstances, wounding several longshoremen who [...]

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  • Kinder Morgan to combine its family of companies

    The group of oil and gas pipeline and storage companies controlled by Kinder Morgan but traded separately will combine and become the 4th biggest U.S. energy company by market value. The companies announced Sunday that Kinder Morgan Inc., Kinder Morgan Energy Partners, Kinder Morgan Management and El Paso Pipeline Partners will all combine under the [...]

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  • Are shippers fleeing US West Coast ports?

    From Port News: US West Coast ports are still at risk of a strike or other form of industrial action, forcing shippers to divert their cargo to different routes, as well as to use other distribution methods, Fitch Ratings reports. The ongoing contract talks between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime [...]

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  • Japan freezes assets of N. Korea entity over weapons development

    Japan said Friday it will freeze the assets, effective the same day, of a North Korean entity in line with a U.N.-mandated sanction against Pyongyang for its nuclear weapons and ballistic missile development. Japan took the measure after Ocean Maritime Management Co. was included in late July in a list of companies and individuals subject [...]

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