Avrupa Depolama Hizmeti

The likely sale this year of the Port of New York and New Jersey’s largest marine terminal portends possible changes to how it will be operated in the long run.

While linehaul performance has largely returned to normal for US Class I railroads, delays and bottlenecks triggered by the severe winter storm two weeks ago have now moved downstream to terminals in Chicago, Cincinnati and Memphis.

The subsidiary of Manila-headquartered International Container Terminal Services said the agreement extends the lease expiration from 2040 to 2066.

Inland water transport offers a lower-emission alternative routing for out-of-gauge cargoes, with cost-efficiency, lower energy consumption, and fewer accidents among other advantages.

The digital trade body argues that online sellers outside the EU were able to scale rapidly by exploiting gaps in customs and regulatory enforcement that European businesses could not legally replicate.

The move to split Logistics and Services into three product segments reflects the sensitivities around a division that underpins the carrier’s integrated end-to-end strategy launched in 2017.

Marine terminals are using the new longshore contract to tackle one of the port’s recurring problems, with the union’s support, as they look to boost efficiency at the biggest port along the US East Coast.

The shock in spot market rates after the recent snowstorm and frigid temperatures has rivaled the severe winter weather of February 2021, which kickstarted an entire year of rising rates on shippers.

The carrier’s solid interim earnings through 2025 ensured a positive full-year result, but red ink made its first appearance in two years on the company’s quarterly balance sheet.

New Delhi has formed a consortium of six state-owned entities to push ahead with a plan to launch a large nationally owned container carrier, to be known as the Bharat Container Shipping Line.