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Port of Los Angeles sets busiest January record

The Port of Los Angeles handled 826,640 Twenty-Foot Equivalent Units (TEUs) in January 2017, an increase of 17.4 percent compared to January 2016. It was the busiest January in the port’s 110-year history, outpacing last January, which was the previous record for the first month of the year. It was also the second-best month overall for the Port, eclipsed only by last November’s 877,564 TEUs.

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Georgia Port container traffic increases

Container traffic leaps nearly 28% The Georgia Ports Authority (GPA) increased containerized cargo in March by 27.8 percent compared to the same month a year ago, for an additional 72,499 twenty-foot equivalent container units (TEUs).For the first time ever, the Port of Savannah moved 333,058 TEUs in a single month, surpassing its previous monthly record set in October 2014 by more than 21,000 TEUs."We are moving record volumes while maintaining excellent service levels for our customers," said GPA Executive Director Curtis Foltz. "Our March numbers have once again demonstrated the scale, flexibility and efficiency of the Garden City Terminal. Freight handling remained fluid, even with demand well above forecasts.""A 28 percent increase in container volume shows the level of trust cargo owners have in our efficient ports, and translates into jobs for Georgia and the U.S. Southeast," said GPA Board Chairman James Walters. "The ability to quickly move cargo to and from important inland markets via superior road and rail connections is a key reason Georgia is ranked the Number 1 state for business."Foltz added that the GPA is taking steps to increase capacity at Garden City Terminal, including construction of a new truck gate and the purchase of 30 ...

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Costamare orders five newbuild boxships of about 8,800 TEU capacity

At a cost of around $95 million each Costamare has announced the conclusion of shipbuilding contracts and charter agreements for five newbuild containerships of about 8,800 TEU capacity, to be built at Sungdong Shipyard in Korea.The Post-Panamax sized vessels are expected to be delivered between the first and the third quarters of 2013. The value of the contract was not disclosed, but the unit cost was said by the company to be similar to three 9,000TEU vessels ordered in China, at a cost of around $95 million each. On delivery, the five newbuilds will be chartered to Evergreen Group companies.Costamare says that it has additionally secured finance from a major European financial institution for two newbuilding container ship contracts with Sungdong Shipbuilding & Marine Engineering which were entered into in January 2011.The two newbuild containerships are expected to be delivered by the end of 2012, and will be chartered to Mediterranean Shipping Company for a 10-year period.Source: Motorship

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