The State of California on July 6 announced an investment of more than $1.5 billion—including approximately $450 million for zero-emission infrastructure, locomotives, vessels and vehicles—as part of the state’s work to build a more “efficient, sustainable and resilient supply chain.”
Port of Oakland
The Los Angeles Board of Harbor Commissioners on June 7 approved a $2 billion Fiscal Year (FY) 2023/24 annual budget for the Port of Los Angeles, calling for “increased investment in Port operational and public-access infrastructure, as well as support for a range of industry leading sustainability and decarbonization initiatives.”
Five California seaports sign a Memorandum of Understanding to launch the California Port Data Partnership. Also, Royal Vopak and AltaGas Ltd. form a new joint venture for a large-scale liquefied petroleum gas (LPG) and bulk liquids terminal in Prince Rupert, Canada.
While Port Houston in Texas posted record volume in 2022, December volume declined. Also, the Port of Oakland in California experienced full-year 2022 and December 2022 container volume falloffs.
Global shipping and logistics firm CMA CGM Group will acquire the GCT Bayonne and New York terminals at the Port of New York and New Jersey. Also, the Port of Oakland, Calif., reports November container volume declines.