Latest Container terminals Stories

By Jon Hurdle PHILADELPHIA (Reuters) - The Port Authority of New York and New Jersey filed a lawsuit on Friday to stop a United Arab Emirates company from taking over management of its container terminal at Port Newark in New Jersey. The authority, jointly owned by the states of New York and New Jersey, argued that the deal under which state-owned Dubai Ports World would take over management from the British company P&O violates the terms of P&O's lease. The transaction is part of a...

By K.T. Arasu CHICAGO (Reuters) - Bales of hay for Japanese beef cattle,soy for tofu aficionados in Taiwan and dolls for American kidsare crossing the oceans in a fast-growing wave of containertrade between the United States and Asia. Fueling the boom is China, with its seemingly endlesssupply of shoes, furniture and toys to U.S. companies likeWal-Mart Stores Inc. , the world's largest retailer. "Containerized exports from China to the U.S. West Coastwill increase 50 percent over the next...