Maersk Line has announced plans to build seven new 3,600 teu ships, following an agreement with COSCO Shipyard Co, as part of the company’s new-build investment programme.
“Our strategy is to grow with the market and to do so we need new vessels from 2017. We expect to place additional orders this year,” said Søren [...]
The Port of Long Beach (POLB) announced Wednesday that a kickoff meeting earlier this week with the Port of Los Angeles (POLA) marked the beginning of their collaboration to enhance velocity and efficiency throughout the gateway’s supply chain.
As the first meeting under the formal discussion agreement recently approved by the Federal Maritime Commission (FMC), [...]
The shipping services arm of China Ocean Shipping, Cosco International reported its profit attributable to equity holders for the year ended 31 December 2014 rose 48.6% year-on-year to HK$359 million ($46.3 million).
Revenue, however, fell 18.5% to HK$7.59bn as contributions from the core shipping services businesses decreased.
Cosco International noted that the overhang of shipping [...]
Lummi Nation, which has fished the waters off Cherry Point for centuries, and Crow Nation, a tribe in Montana sitting on billions of tons of coal, have taken opposite stances on a proposed coal terminal on the Lummis’ historic fishing grounds.
Crow Chairman Darrin Old Coyote wrote the U.S. Army Corps of Engineers on Jan. [...]
Congestion that has slowed goods movement to a crawl at U.S. ports such as Los Angeles and Long Beach will continue to be an ongoing issue for years, until the nation invests in long-term maritime infrastructure, Chairman of the Federal Maritime Commission Mario Cordero said Thursday.
“Congestion has been a problem long before labor negotiations [...]
Excerpts from American Shipper:
Michael A. Khouri
Federal Maritime Commissioner Michael Khouri wants the FMC to request the four major alliances of ocean liner carriers to provide new information on the steps each is taking to reduce congestion at U.S. ports.
“We have received private reports and seen numerous press accounts that the operations of [...]
France’s CMA CGM SA is in talks to build at least three container megaships, joining the race among the top container operators that already use such vessels to increase their market share on the world’s busiest trade routes, people with knowledge of the matter said Tuesday.
The ships would be able to carry around 20,000 [...]
From the Journal of Commerce:
Port leaders — including Port of Los Angeles Executive Director Gene Seroka, Port of Long Beach Chief Executive Jon Slangerup and Long Beach Board of Harbor Commissioners President Doug Drummond — also stressed that they were taking responsibility for the months of congestion that brought terminals to near gridlock and [...]
From the Associated Press:
DP World, the Dubai-based international port operator, said Thursday its profit rose 12 percent in 2014, a year in which it assumed ownership of a sister company that runs free-trade zones in the Gulf emirate.
The government-backed company said it earned $675 million in profit attributable to its owners last year, [...]
Harbor leaders will consider Monday extending its cap on dockage fees three more months to give supply chain stakeholders some relief from the congestion issues they’re experiencing at the Port of Long Beach.
Usually, it takes about three days to load and unload goods from ships. But bottlenecks at the port is causing port operators [...]
The Panama Canal Authority said on Tuesday it had asked for an international arbitration panel to review a decision to award US$233 million to the consortium expanding the canal in a dispute over cement quality.
The consortium, led by Spain’s Sacyr and Italy’s Salini Impregilo, and including Belgium’s Jan de Nul and Panama’s CUSA, said [...]
The Western Canadian province of Saskatchewan expects to post a slim budget surplus in the 2015-16 fiscal year, helped by changes in how it taxes potash mining companies, the government said on Wednesday.
The province is home to mines owned by Potash Corporation of Saskatchewan, Mosaic Co and Agrium Inc . Germany’s K+S AG and [...]
From a PierPass news release:
In the wake of a tentative labor deal announced Feb. 20 and the formation of a port-wide chassis pool on March 1, marine terminals at the Port of Los Angeles and Port of Long Beach moved 46% more cargo containers by truck during the first half of March compared with [...]
MSC is interested in ordering ten ships of 11,000 TEUs — far from the size of the latest megaships of more than 19,000 TEUs.
For those believing that Maersk Line’s 18,270-TEU Triple‐E class ships can actually be filled up to design capacity, says Dynamar, the carrier’s flagship Maersk McKinney Møller recently left Algeciras with 18,168 [...]
Excerpts from the Los Angeles Times article titled ‘Shifts in oceangoing commerce upend cargo trade at U.S. ports’:
[The] fight between shipping companies and the dockworkers union, resolved last month, was only one of the causes of chronic congestion at the nation’s busiest seaport complex.
Sweeping changes in the global shipping industry have upended cargo [...]