“The current supply and demand balance will continue and we will not be reinstating the Loop 3 Asia-Europe service,” the alliance carriers said. Loop 3 was suspended in October as part of the alliance’s “winter program.”
U.S. Federal Mediation and Conciliation Service Director George H. Cohen said in a statement today that the U.S. Maritime Alliance and the International Longshoremen’s Association “made progress” during the past three days of contract negotiations held in Galloway Township, N.J. He said both sides “agreed that the negotiations will continue under our auspices.” […]
Cargo volumes in Southern California’s two major container ports were little changed in 2012 over 2011, but Long Beach benefited as a service used by the world’s three largest container carriers switched from a terminal in Los Angeles. Terminals in the Port of Long Beach moved a total of 6.05 million TEUs in […]
Drewry said its Hong Kong-to-Los Angeles container rate benchmark, published in the latest Container Freight Rate Insight report, jumped 14 percent to $2,524 per 40-foot container this week. The London-based firm said the $311 per 40-foot box increase in the benchmark rate shows that members of the Transpacific Stabilization Agreement achieved around 50 percent of their $600 target […]
Piracy on the world’s seas has reached a five-year low, with 297 ships attacked in 2012, compared with 439 in 2011, the International Chamber of Commerce’s International Maritime Bureau (IMB) said Wednesday. Worldwide figures were brought down by a huge reduction in Somali piracy, though East and West Africa remain the worst hit areas, […]
CMA CGM said in anticipation of reduced production during the Lunar New Year period in China, starting Feb. 10, it plans to cancel six sailings in the Far East-to-North Europe trade. Cancel one sailing on FAL 1, week 7. Cancel one sailing on FAL 10, week 7. Cancel one sailing on FAL 3, week 7. Cancel two sailings on FAL […]
Shipments of iron ore on the Great Lakes totaled 61.6 million tons in 2012, a slight improvement over 2011. The Lake Carriers’ Association (LCA) said the increase, 245,000 tons, is equal to about four cargos in a 1,000-foot-long vessel operating at current drafts which are significantly reduced by the dredging crisis and falling […]
Francisco Sanchez, undersecretary of international trade at the U.S. Commerce Department, said exports were up 34 percent from $1.5 trillion to $2.1 trillion in 2011.
Philip H. Greene Jr. will become president of TOTE Services, when Jorge Aguirre, a 33-veteran at the company, retires at the end of this month. Aguirre spent 16 years at sea, coming ashore with TOTE Services in June 1980 as a port captain at the Philadelphia headquarters of the company, then known as Interocean Management […]
Shippers are watching the talks nervously after ILA negotiators walked out of a negotiating session to discuss work practices in the Port of New York and New Jersey with the New York Shipping Association on Jan. 9.
“I’ve been here for 34 years and it is time,” Joseph Dorto said. “You always hear, ‘leave on a high note’ and we just completed the second best year in our history, so I think this is the right time.”
Non-vessel-operating common carrier CaroTrans has started a direct, weekly less-than-containerload export service from San Francisco to Japan. The service offers overall transits from San Francisco to Tokyo of 12 days; Yokohama, 13 days; and Osaka, Nagoya and Kobe, 17 days. There is no transshipment via Busan, South Korea, or additional handling via Los […]
Seaspan Corp. said Wednesday it signed contracts for the construction of five 14,000-TEU class containerships at Hyundai Heavy Industries. The vessels are scheduled for delivery in 2015 and will be constructed using Seaspan’s fuel efficient SAVER design. Concurrently with executing the newbuilding contracts, Seaspan signed 10-year, fixed-rate time charters for the vessels […]
The North American Millers’ Association (NAMA), a trade group representing the country’s largest flour shippers, said its vice chairman Jim Meyer has become chairman. The announcement was made as the immediate past chairman, Greg Schlafer, moves to a position in the potato business with ConAgra Foods and departs the milling business. Meyer was elected […]
Tonnage moving on the St. Lawrence Seaway in the 2012 navigation season totaled 38.9 million tonnes, 4 percent more than the prior year. Canada’s St. Lawrence Seaway Management Corp. (SLSMC), which manages the seaway in conjunction with the U.S. Saint Lawrence Seaway Development Corp., said demand for low-sulphur coal in Europe led to a […]
Vigor Industrial has entered an agreement with Daoda Marine Heavy Industry Co. (DDHI) to buy a new floating drydock for $40 million. At 960 feet long, with an inside width of 186 feet and a lifting capacity of 80,000 long tons, it will be the largest floating drydock in the United States. […]
Florida Gov. Rick Scott announced on Monday a commitment of $38 million in state and local funding to improve navigation on the St. John’s River at the Port of Jacksonville. Scott said the state will provide $36 million and the port and U.S. Army Corps of Engineers will provide an additional $2 million for […]
A wind turbine erected last year on the grounds of the Port of Milwaukee’s administration building produces significantly more electric power than the facility uses and the surplus is sold to the grid. In the first nine months of operation, the wind turbine generated almost 45,000 kilowatt-hours of electricity more than the port […]
Retailers are expected to ship heavier cargo quantities through the nation’s ports in January to beat a strike by longshoremen at East and Gulf coast ports on Feb. 6, if a contract isn’t reached.
At the conclusion of meetings last week in Lima, the United States and Peru agreed on a five-point action plan to support Peru’s forestry sector reform and further the South American country’s implementation of its obligations under the U.S.-Peru Trade Promotion Agreement (PTPA) Annex on Forest Sector Governance. This plan will deepen the […]
