Matson Reports Strong Earnings

Matson Reports Strong Earnings

Matson, Inc. this week reported a net income of $12.5 million, or $0.29 per diluted share, and consolidated revenue of $532.4 million in its first quarter. "We are off to a solid start for the year with Ocean Transportation operating income coming in as expected with a number of positive and negative factors, and Logistics posting stronger-than-expected operating income,” said Chairman and Chief Executive Officer Matt Cox. “Within Ocean Transportation, we saw continued strong demand in our China service and steady performance in SSAT, but we also faced significant weather-related issues that primarily affected our Hawaii service. In our Logistics…
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Long Beach Breaks Cargo Record

Long Beach Breaks Cargo Record

A 13-year-old cargo record had been broken last month at the Port of Long Beach. The port handled 628,121 TEUs shattering the 619,512 TEUs April 2016 record. It represents an increase of 1.6 percent compared to April 2018. Imports were up 1.8 percent to 317,883 TEUs compared to last year, while exports fell 12.7 percent to 123,804 TEUs. Empty containers jumped 13.5 percent to 186,435 TEUs. Port Executive Director Mario Cordero said the increase in empty containers reflect the lingering effects of imported cargo being rushed in during the fourth quarter of 2018 ahead of potential tariffs. “Ocean carriers have…
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Busy April for Los Angeles

Busy April for Los Angeles

The Port of Los Angeles posted its busiest April in history, moving 736,466 TEUs last month, according to latest numbers released Thursday. This represents a 4.4 percent increase over April 2018 and 3 percent more than April 2017, which previously held the record with 714,755 TEUs. This is despite flat imports, which were at 360,745 TEUs, and a 5.6 percent drop in exports to 155,533 TEUs. Empty containers, which are shipped overseas to be replenished with goods, jumped 22.5 percent to 220,189 TEUs. Compared to 2018, port volumes are up 4.5 percent in the first four months of the year.…
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Vancouver USA Secures Funds for Terminal 1

Vancouver USA Secures Funds for Terminal 1

The Port of Vancouver USA has secured $4.7 million in the 2019 state capital budget for the next phase of redevelopment at Terminal 1, the port announced earlier this month. The money will go toward designing and renovating Vancouver Landing, where the American Empress cruise ship docks are located, and designing and building the East Portal stormwater facility, where all the development’s runoff will be treated. “We are extremely appreciative of the support and leadership of our legislators,” said port CEO Julianna Marler. “I especially want to recognize Senators Annette Cleveland and David Frockt, and Representative Monica Stonier for their…
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Port of San Diego, Navy Partner on Blue Economy

Port of San Diego, Navy Partner on Blue Economy

By Karen Robes Meeks The Port of San Diego’s Blue Economy effort has acquired a significant partner in the US Navy. The port and the Naval Undersea Warfare Center Division, Keyport have signed a Partnership Intermediary Agreement to help push the innovation of a Blue Economy, which seeks to balance economic growth and coastal preservation in the San Diego area. “Our role in the arrangement with the Port of San Diego is to provide expertise, and collaborate, where possible, in developing ocean technologies that may benefit the US Navy,” said NUWC Division, Keyport Deputy Customer Advocate Jay Cavalieri. “This arrangement…
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Oakland Scrap Paper Shipments Up

Oakland Scrap Paper Shipments Up

By Karen Robes Meeks Shipments of scrap paper rose three percent in the first 10 months of 2018 at the Port of Oakland, bucking a trend for US exports. The port, which considers waste paper its biggest export by container volume, moved 110,400 TEUs of it between January and October 2018, close to 18 percent of Oakland’s total export volume. Most of it went to Asia to use for packaging material. The statistic is impressive, considering the tariff standoff between the US and China and China’s more stringent standards on foreign scrap. While scrap paper shipments to China, the port’s…
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Closure Expected for Long Beach Rail Traffic

Closure Expected for Long Beach Rail Traffic

By Karen Robes Meeks Starting March 9, commuters should anticipate an operational closure at 9th Street near Pico Avenue in Long Beach’s west side. The Port of Long Beach says the closure will allow for longer trains and the movement of cargo using on-dock rail rather than by trucks, a move that will mean less pollution. The closure will also mean better traffic flow and safety, especially at Pico Avenue, Pier B Street and the on- and off-ramps to and from the 710 Freeway. Oversized trucks will be able to access the crossing with special permits and at appointed times,…
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New Port of Seattle General Counsel

New Port of Seattle General Counsel

By Karen Robes Meeks The Port of Seattle has tapped Pete Ramels, a Senior Deputy Prosecuting Attorney in the Civil Division of the King County Prosecutor’s Office, to be its General Counsel and Chief Compliance Officer. “I am honored to join the Port of Seattle as General Counsel and look forward to using my years of legal experience in government, real estate and land use to help our region prosper during this time of economic growth and opportunity,” said Ramels. In his new role, Ramels will advise port leaders on legal matters and oversee the port’s legal team and public…
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Olympia CEO Finalists

Olympia CEO Finalists

By Karen Robes Meeks The Port of Olympia Commission is expected to choose an executive director on Dec. 21. The commission will interview the finalists in executive session before announcing its decision in public session later that afternoon. From a pool of 37 candidates, the port whittled it down to three finalists: Sam Gibboney, who served as the Executive Director of the Port of Port Townsend; Geir-Eilif Kalhagen, who was Director of Northern California and Pacific Northwest for Metro Ports in Long Beach, California; and Dan Stahl, COO of the Port of Longview. The chosen candidate will replace Ed Galligan,…
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San Pedro Bay Ports Consider Emissions Plans

San Pedro Bay Ports Consider Emissions Plans

By Karen Robes Meeks The ports of Los Angeles and Long Beach are asking the public to weigh in on a draft assessment that looks at the feasibility of clean truck technology – a document that will help the nation’s two busiest seaports reach a key goal within their Clean Air Action Plan. The new version of the plan, which the ports updated in 2017, calls for zero-emissions trucks by 2035 and zero-emissions cargo-handling equipment by 2030. According to the port, the draft released Tuesday lays out the current landscape in this market, including available technology and infrastructure, economic factors…
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