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.

Cosco is to buy OOCL – ‘almost a done deal’ says insider

From The Loadstar:

China’s Cosco Shipping may be about to announce that it is to acquire Hong Kong-based carrier OOCL.

An insider source has told The Loadstar a takeover of the container arm of Tung family-led Orient Overseas International (OOIL) is “almost a done deal”.

In January, reports surfaced of a $4bn price tag put […]

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China Shipping diverting cargo from LA port to Long Beach because of environmental restrictions, LA port chief says

From The Daily Breeze:

China Cosco Shipping Corp., the world’s fourth largest shipping line, is diverting its cargo away from the Port of Los Angeles to its competitor in Long Beach because of more lax environmental rules at its terminal there, the chief of the L.A. port said Thursday.

The Chinese company, one of the […]

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Matson expands SPX service between US West Coast the Samoas

Honolulu-based ocean carrier Matson is increasing the frequency of its South Pacific Express (SPX) service to Samoa and American Samoa to 14 days, up from every 28 days, the carrier has confirmed.

The new fortnightly schedule has been made possible by the company’s acquisition of a larger, faster vessel that has been christened Samoana. The […]

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US bill would make carriers choose: alliances or discussion groups

Congress is considering legislation that would force carriers to choose between membership in rate discussions and ocean carrier alliances, while also giving maritime regulators more power to protect domestic third-party service providers from potential alliance collusion.

Legislators’ recent interest in rewriting the Shipping Act of 1984, which was last amended in 1998, has been sparked […]

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CMA CGM posts higher Q1 profits

From Marine Link:

Container shipping line CMA CGM posted higher first-quarter profits, helped by a turnaround at recently acquired NOL, and gave an upbeat assessment for the current quarter in another sign that the shipping industry is emerging from a slump.

The French-based group reported on Friday a first-quarter net profit, including Singapore-based NOL which […]

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Port of Los Angeles and GE's 'digitized maritime shipping' partnership launches

GE Transportation has issued a news release on the project, excerpted here:

Last November, GE Transportation and the Port of Los Angeles announced a partnership to develop a first-of-its-kind digital solution to keep cargo flowing efficiently through America’s largest container port. Since, the partners have been working together to build a platform that digitizes maritime […]

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OOCL breaks largest containership record with 21,413-TEU vessel

The OOCL Hong Kong, with a length of 1,312 feet and a width of 193 feet, will serve the Asia-Europe trade lane as part of the LL1 service.

Hong Kong-based ocean carrier line OOCL has knocked Maersk from the largest containership top spot after christening the 21,413 TEU OOCL Hong Kong at the Samsung […]

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Dubai’s DP World confirms 10 injured when ship hits cranes at Jebel Ali port

Click the image to watch the video posted by Humans At Sea

Dubai ports operator DP World has confirmed that 10 people were injured in an accident involving a container vessel at the Jebel Ali port last week.

The incident occurred when the vessel collided with the harbour wall at the port’s […]

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Maersk reveals changes to Hamburg Süd executive board post-takeover

Maersk Line is wasting no time in putting its blue stamp on the executive board of soon-to-be acquired Hamburg Süd, but says it “intends to maintain the business model” of the north-south niche carrier.

After the completion of the transaction – still subject to some regulatory approvals but anticipated for Q4 – Maersk said not […]

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Matson, U.S. shipyard mark ‘Aloha Class’ milestone for Hawaii fleet

Excerpts from Marine Link:

Philly Shipyard, Inc. (PSI) and Matson, a U.S. carrier in the Pacific, have marked a milestone in the construction of the first of two new “Aloha Class” containerships to be delivered to Matson in the third quarter of 2018 and first quarter of 2019, respectively. Designed specifically for Hawaii service, […]

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New shipping alliances jam up truck traffic for Port of Seattle

From KOMO News:

Ocean carriers realigned their partnerships last month to better manage costs. Now those ships are just arriving to the West Coast out of Asia and operating under these newly forged alliances. However, this quickly evolving industry is causing major slowdowns for the Port of Seattle.

At Terminal 18, the global shipping changes […]

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Maersk Line to pay $4 billion for Hamburg Sud

The world’s biggest container shipping company Maersk Line will pay 3.7 billion euros ($4.02 billion) for its acquisition of smaller German rival Hamburg Sud, it said on Friday.

Combined, the two companies will be able to realize annual operational savings of about $350 million to $400 million, Maersk Line said in a statement fleshing out […]

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OOCL to evaluate potential partnerships with online retail giants

From Seatrade Maritime:

The advent of e-commerce and its increasing popularity on a global scale have prompted container carrier Orient Overseas Container Lines (OOCL) to evaluate and relook at potential partnerships with online retail giants, according to Andy Tung, ceo of OOCL.

“As a supplier of hard cargo goods, we are still not sure what […]

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Port of Everett begins rail expansion

Authorities at the Port of Everett have commenced construction on a new rail line, strengthening multimodal links for freight forwarders transporting breakbulk via the deepwater hub.

The US$3.4 million project is the second phase of the port commission’s terminal rail enhancement strategy which will increase the on-terminal rail footprint from 9,200 lineal feet to 12,500 […]

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Port of Oakland says ‘bring it on’

From Logistics Management:

A Port of Oakland executive is eager for changes in the way container shipping lines operate. Maritime Director John Driscoll said in an interview that newly formed ocean carrier alliances will benefit his port.

“We’ll see larger vessels coming to the port, which is a good thing,” he recently told employees. “We’ll […]

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