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Haitian authorities have commissioned the country’s first Panamax port with the inauguration of Port Lafito, a 130,000 m2 container hub near the island’s capital of Port-au-Prince.

Published in Features / Interviews

Authorities at the Port of Los Angeles have announced plans to begin construction on a $44.6 million upgrade project to expand capacity at the container terminal operated by Yusen Terminals and allow access for larger vessels.

The Canadian government has announced it will invest in new capacity at the Port of Trois-Rivières  in Quebec as part of major upgrade work that is expected to attract total investment of $48.09 million.

Published in Finance Deals

The Port of Long Beach in California is to invest $555 million in a wide ranging expansion and modernization programme aimed at boosting capacity and attracting larger vessels.

Published in Finance Deals

A total of $28.9 billion of investment is required to upgrade U.S. transport infrastructure over the next 10 years in order to meet growing freight volumes, according to a new report from the American Association of Port Authorities (AAPA).

Published in Features / Interviews

The U.S. Federal Emergency Management Agency (FEMA) has announced funding of $100 million  to support increased preventative measures at ports across the country under its FY 2015 Port Security Grant Program (PSGP)

The investment comes via the Department of Homeland Security (DHS) and will be directed towards port authorities, facility operators, and state and local government agencies across the country and is designed to boost port security services via Area Maritime Security Plans (AMSP) and Facility Security Plans (FSP).  

“The Port Security Grant Program (PSGP) plays an important role in the implementation of the National Preparedness System by supporting the building, sustainment, and delivery of core capabilities essential to achieving the National Preparedness Goal,” FEMA said in a statement.

The annual grant program focuses on a wide-variety of solutions including: port-wide maritime security risk management, response and recovery from attacks involving improvised explosive devices (IED), enhanced maritime domain awareness, maritime security training and exercises and establishment of maritime security mitigation protocols to support port recovery and resiliency capabilities.  

Prospective applicants must apply by  12pm on May 19, 2015. More details are available via the FY 2015 Port Security Grant Program Notice of Funding Opportunity. 

Published in Security / Environment

ICTSI Oregon, the operator of the Port of Portland, has stated it is ‘very disappointed’ at shipping firm Hapag-Lloyd’s decision to cease its direct MPS service to the port but remains “committed” to the region and to finding new direct container services to replace the loss in volume.

Published in Regulation and Policy

Emirati port operator DP World has announced it will buy Canada’s Fairview Container Terminal for $457 million, expanding its presence on Canada’s west coast.

Published in Finance Deals

The chairman of the Federal Maritime Commission, Mario Cordero, has called for a long term investment strategy for U.S. ports to help tackle chronic congestion at docks across the country.

Published in Features / Interviews

Financial services firm Morgan Stanley has sold Montreal Gateway Terminals (MGT) to a consortium of investors that aim to turn the port into an international hub.

Published in Finance Deals


Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

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