Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Containership Charter Rates Rising

Containership charter rates are rallying as ocean carriers scramble for tonnage in response to a stronger-than-expected rebound in cargo volumes as the industry emerges from its deepest recession.

A gearless Panamax vessel with 3,500 20-foot equivalent units capacity is earning $7,000 a day, up 19 percent from $5,450 in December and $425 above the 2009 [...]

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‘K’ Line to sail bigger ships to Tacoma

“K” Line will add bigger ships and more container capacity to its Asia – West Coast services in April. The Japan-based shipping line is replacing six 3,400-TEU ships that currently call in Tacoma with six 5,200-TEU ships. From Transport Weekly, March 17, 2010

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