Carriers in the eastbound Pacific predicted the volume of containerized imports from Asia will likely increase 6 to 8 percent this year. However, as the lines enter service contract negotiations with their customers, they noted that market conditions in the largest U.S. trade lane remain uncertain.
The Transpacific Stabilization Agreement, a discussion group of 15 [...]
Neptune Orient Lines Ltd., owner of Southeast Asia’s largest container line, plans to boost capacity about 7 percent this year as a rebounding global economy revives trade and freight rates. The company will charter as many as 10 vessels this year, each with a capacity of as much as 6,000 standard twenty-foot equivalent boxes, the [...]
The Channel Islands, near LA/Long Beach
Officials are scrambling to come up with a new plan to deal with an increased number of ships skirting the Channel Islands to avoid complying with strict new air standards. Since new California Air Resources Board rules that mandate ships within 24 miles of the coast burn cleaner [...]