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.

2014 trans-Pacific negotiations: Lower rates, more port-to-port moves

From the Journal of Commerce:

The results of the 2014-15 service contracting season in the eastbound Pacific are in, and from the perspective of ocean carriers, they’re not pretty.

Unless carriers can score impressive gains on the spot market and with peak-season surcharges, neither of which are guaranteed, it looks like they will lose money […]

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Shippers see benefits in mega-ships

Some shippers welcome larger container ships and carrier alliances as a way to add capacity and restore carriers’ health, but they warn that ports will have to adjust to avoid bottlenecks and added costs.

Larger ships were the theme of the Virginia Maritime Association’s annual international trade symposium, where several shippers said they believed economies […]

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