WILMINGTON – GT USA Wilmington CEO Joe Cruise has spent decades managing the flow of goods crossing international waters, but unlike many in the seafaring business he didn’t grow up […]
WILMINGTON – A Michigan-based real estate investment firm and logistics company recently acquired a Baltimore-based distribution and logistics company, and in turn acquired a more 200,000-square-foot cold-storage warehouse near the […]
CLAYMONT – A large Massachusetts road salt distributor has acquired the state’s only private port on the Delaware River near the Pennsylvania border for $17 million, according to county land […]
WILMINGTON – Following the onset of the COVID-19 pandemic, ports around the world have been beset by workforce shortages, unacquired cargo stacking up in storage yards and transport ships lining […]
WILMINGTON – In a rare show of unity in the United States, ambassadors from all of the European Union countries fanned out across Delaware on Monday to promote trade, scientific […]
WILMINGTON – Dayka & Hackett, an importer, packager, and distributor of fresh fruit from South America, is relocating its operations to the Port of Wilmington after being lured by port […]
GT USA Wilmington, partnering with KoneCranes, has taken delivery of five new Rubber Tired Gantry (RTG) cranes at the Port of Wilmington in Delaware, which will significantly strengthen the terminal’s […]
WILMINGTON – Gulftainer has wasted no time in making an impact as the new operator of the Port of Wilmington, but it has had to navigate the uncertain waters of […]
PHILADELPHIA – The head of the Federal Reserve Bank of Philadelphia told Delaware business leaders Tuesday morning that he expects the state’s banking and finance sectors to weather the coronavirus […]
Delaware State Treasurer Colleen C. Davis on Nov. 4 attended the iconic Closing Bell ceremony at the NASDAQ Stock Exchange. The event celebrated Delaware’s contributions to the global economy. “Delaware’s unique […]
By Alex Vuocolo GT USA Wilmington, a subsidiary of Gulftainer, has announced that the Port of Wilmington is getting $17 million in improvements over the next two years. The upgrades […]
By Ken Mammarella Special to Delaware Business Times The operator of Europe’s second-largest port on December 6 invited the Port of Wilmington to become a sister port. Wilmington would be […]
Gov. John Carney on Tuesday finalized an agreement to lease the Port of Wilmington to GT USA Wilmington, LLC, the local subsidiary of global shipping company Gulftainer. The agreement lays […]
(AP) — An injured worker was hoisted from a ship at a Delaware port over the weekend. Wilmington Fire Battalion Chief John Looney tells news outlets that the worker was […]
By Ken Mammarella Special to Delaware Business Times The Port of Wilmington’s budget for the current fiscal year is $1.4 million earnings before interest, taxes, depreciation and amortization on revenue […]
By John Stapleford Guest Columnist The governing board of the Diamond State Port Corp has approved a proposed partnership between international port operator Guiftainer and the state to privatize the […]
The devil is in the proverbial details, but, at first glance, the “privatization” of the Port of Wilmington with its redevelopment by UAE-based Gulftainer seems like a good deal for […]
By KEN MAMMARELLA Special to Delaware Business Times The board of directors of the Diamond State Port Corp. voted unanimously on Friday to approve a preliminary agreement to lease the […]
(AP) — State lawmakers are encouraging Delaware residents to weigh in on a proposal to allow a private corporation to operate the Port of Wilmington. Gov. John Carney last week […]
Delaware is moving closer to expanding the Port of Wilmington and possibly creating 5,000 new jobs. The News Journal of Wilmington reported Sunday that state and port officials are reviewing three […]
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