Cargo volumes moving from North America to North Europe picked up in the first quarter, but are “unsustainable due to the austerity measures being taken by most European governments,” according to an article in the current edition of Drewry’s Container Insight Weekly. Drewry said exports from North America to North Europe improved significantly […]
An effort by container shipping companies to deal with surplus tonnage by cascading 8,000-TEU vessels into the trade lane between Asia and South America’s east coast “appears to have seriously backfired,” Drewry said.
Operators of 60 U.S.-flag ships in the Maritime Security Program will only get about 75 percent of their normal monthly stipend in August and none in September due to sequestration of the federal budget.
News reports say a Chinese company, HK Nicaragua Canal Development Investment, is working with the Nicaraguan government on a $40 billion project that would provide a vessel transit alternative to the Panama Canal.
Gerry Wang, the chief executive officer of Seaspan, one of the world’s largest builders and charterers of containerships, told financial analysts that while freight rates are depressed, there is no shortage of demand for efficient new vessels.
The agreement with the Oregon International Port of Coos Bay, signed last week, is to run the 134-mile railroad. CBR has been running revenue freight trains on the line since October 12, 2011, under an interim agreement.
Masamichi Morooka, the chairman of the International Chamber of Shipping (ICS), said this week that new legislation to protect the environment could potentially cost the shipping industry $500 billion between 2015 and 2025. “As many companies struggle to survive during the difficult years ahead, we must persuade governments to avoid placing yet more […]
U.S. Transportation Secretary Ray LaHood named seven people to the board of the U.S. Merchant Marine Academy, which has been rocked by a series of controversies in recent years.
The composer Alan Hovhaness incorporated recordings of whale songs into one of his symphonies, but a new group of composers are working another sound from the sea into their tune: foghorns. A musical performance featuring on-shore bands and what the creators of the event promise to be “an armada of vessels positioned off […]
Drewry cautions that shippers may see a deterioration in service if the current price war in the ocean container industry continues. “The carrier financials that have so far been published for the first quarter of 2013 present the same mixed bag of results that typified 2012. Some carriers made a little money but […]
Cargo is moved by sea from the ports of Jakarta, Port Kelang, Bangkok, Haiphong, Keelung and Singapore. Shipments are then routed by rail through the China corridor to the Kazakhstan border crossings of Dostyk and then on to Almaty.
Carlile’s 700 employees will join Saltchuk’s national team of 5,500 workers. Carlile will remain a standalone company headquartered in Anchorage. Other Saltchuk Alaskan firms include Totem Ocean Trailer Express and Delta Western.
John Nardi was appointed president of the New York Shipping Association (NYSA) on Tuesday by its board of directors. Nardi, who has been executive vice president of NYSA since 2011, succeeds Joseph C. Curto. Nardi played a key role on the NYSA bargaining committee as it engaged in year-long negotiations with the […]
Four, 50,000 DWT Jones Act product tankers being built by General Dynamic’s NASSCO shipyard in San Diego for American Petroleum Tankers will be “LNG-conversion-ready. Construction of the first tanker is scheduled to begin in 2014.
Maersk Line said it will implement rate hikes on several trades: A general rate increase (GRI) for dry cargo moving from the Middle East, India and Pakistan to the United States and Canada will take effect on July 3. The increase will be $300 for 20-foot containers, $400 for 40-foot standard containers, $450 for […]
Maersk announces rate hikes
The NVOCC CaroTrans said it has entered into a strategic alliance with Multifreight Consolidator System, Inc. (MFCSI), an NVOCC in the Philippines market. CaroTrans said the two companies “will offer fast, reliable, less-than-containerload (LCL) and full containerload (FCL) import and export cargo services between North America and the Philippines. A direct, weekly service […]
Germanishcher Lloyd has designed a ship called “C-Dragon” that has design layout features considered to have an effect on container movement times. The ship is designed to have capacity of 3,736 TEU.
Maersk, MSC and CMA CGM have been deploying vessels on transpacific lanes that average 32 percent more TEUs than the normal ship size on the lane, according to an article in the latest issue of Drewry Container Weekly.
The American Association of Railroads (AAR) and National Industrial Transportation League (NIT League) last week sparred over proposed changes in railroad regulation. The AAR, which represents the country’s “Class 1,” or largest freight railroads, last week claimed they “could lose revenue up to 80 percent of their entire annual capital budgets if a […]
