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The new weekly Matson service to Long Beach will begin in mid-August and be in full deployment by early October. Matson Navigation Company announced Thursday that it is expanding its service between China and the Port of Long Beach by adding a second string of vessels. The new vessels will provide service from the ports of [...] This Port of Grays Harbor photo shows longshore workers driving imported autos off a ship. The port has also gained export business, including exporting Jeeps to China that formerly passed through East Coast ports. The Port of Grays Harbor, WA, says its first-half export activity has more than doubled over the same period last year. [...] High fuel costs, slow steaming and other global factors have made going the extra distance through the Panama Canal less enticing. West Coast ports have fast rail connections to the east – considerably faster than going south to Panama, transiting the canal, and then steaming back north to the East Coast. Although ships ton-for-ton and [...] Hamburg, the port city that sends 1 million tons of goods to foreign markets each week, has a reply to those who say Germany’s economy is too reliant on exports. “Nonsense,” said the city’s Chamber of Commerce president. “You cannot say Germany has to stop exports, it makes no sense. Germany was born out of this.” Chancellor [...] Archer Daniels Midland Company recently announced a strategic investment of $100 million in Agricultural Bank of China , and the opening of an office in Beijing, marking the company’s goal of encapsulating the growth opportunities prevailing in China and Asia. Archer said that China has a sizeable agricultural market with huge demand and supply. Archer’s objective [...] Maersk Chief Executive Nils Andersen told reporters in Singapore that Maersk will also keep adding to container box levels this year and the next to address the global shortage in the industry. “It will come back to pre-crisis levels, to a level where the industry can get return on their investments,” Andersen said of container freight [...] Commodity shipping costs measured by the Baltic Dry Index extended their longest losing streak in almost five years as an expanding fleet overwhelmed weakening demand for grain, coal and ore carriers. The index fell 41 points, or 1.7 percent, to 2,406 points, the lowest since October 2009, according to the Baltic Exchange in London. That’s the [...] China Shipping Container Lines Co., the nation’s second-biggest cargo-box carrier, plans to impose an “emergency equipment surcharge” of $400 per forty-foot box on transpacific shipments next month because of a global shortage of containers. AP Moller-Maersk A/S, the world’s largest container line, has forecast an “unprecedented” shortage of cargo boxes because of a surge in shipping [...] In the past, Port of Tacoma officials’ energy was targeted toward high-dollar container development. … Now, with orders from the Port of Tacoma Commission to right its financial ship, port officials are looking back to less troubled times and less glamorous business. Last fall, the port leased about 16 acres of the 26-acre log export facility [...] CMA CMA is counting on increased American exports to South China and Taiwan. CMA CGM has announced the July 10 return of the Yang Tse service linking South, Central and North China to the West Coast of the United States. Operated in partnership with Maersk Line and MSC, this service will deploy six vessels of 6,500 [...] “The U.S. consumer pulled the world economy for years,” said Walter Kemmsies, chief economist at Moffatt & Nichol engineers. “Now it’s the rest of the world’s turn. The U.S. has to export more,” he told the annual conference of the Agriculture Transportation Coalition in San Francisco. The containerization of grains and other food products will enhance [...] China Cosco Holdings Co., the nation’s largest container line, said it had won a targeted increase in transpacific rates, bolstering industrywide efforts to end losses. Hanjin Shipping Co. and China Shipping Container Lines Co. have also said that most customers accepted higher rates in annual contracts as rebounding U.S. consumer spending spurs demand for shipments of [...] Rising log and grain exports to Asia boosted Port of Longview revenue 27 percent in the first quarter of 2010, as the port showed it could thrive without wind energy imports. The port reported Tuesday that it pulled in $7.3 million in revenue during the first three months of the year, up from the $5.8 million [...] Evergreen Line and China Shipping Container Lines are teaming up to start a trans-Pacific service linking Los Angeles and Oakland with central and northern China. … The new service, which is to be called the China/South US West Coast Service 2 (CPS2), in response to the booming Asia – U.S. trade, which has been experiencing [...] |
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