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In two years, the Port of Jacksonville has gone from having no Asian container carriers to having eight. The Port of Jacksonville’s newest weekly shipping service … starting in mid-May via the Suez Canal, doesn’t call on any ports between Southeast Asia and the East Coast of North America, a “strong statement on how robust [...] APL at Busan The former Korean concession operated by a DP World consortium welcomed its first ship under its new management this week. Pusan Newport International Terminal (PNIT), a joint venture between PSA International (PSA) and Hanjin Corporation in Busan New Port, South Korea, started commercial operations and handled more than 800 moves from its [...] Neptune Orient Lines formed a new wholly owned subsidiary called Triton Shipping in Singapore to arrange financing for two new vessels with capacities of 10,000 20-foot equivalent units that it ordered in July 2007. … NOL’s announcement came after its CEO said last week that APL will charter up to 10 ships this year, each [...] 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 [...] Container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) are recommending a further general rate increase on ocean cargo moving from the U.S. to Asia. Effective April 1, 2010, WTSA carriers say they intend to raise dry cargo rates by US$300 per 40-foot container (FEU) and US$240 per 20-foot container (TEU), as well as [...] Linda Styrk was named managing director of the seaport division at the Port of Seattle. She has been with the port since 2005, most recently as director of seaport marketing. Styrk served previously as president of the office and warehouse operations at Universal Freight Forwarders. She also worked for 12 years at APL. Styrk replaces [...] The Port of Laem Chabang, Thailand, will soon add links to Los Angeles and Oakland. The New World Alliance (TNWA), which includes shipping lines Mitsui O.S.K. Lines (MOL), APL and Hyundai Merchant Marine, is adding the Thai port of Laem Chabang to its Pacific Southwest Express (PSX) service to provide a freight container link between [...] The U.S. Federal Maritime Commission, after a 45-day review, has allowed container lines in the Transpacific Stabilization Agreement (TSA) to discuss and coordinate strategies that will reduce air and water pollution, as well as vessel fuel consumption. The CEO of Hanjin Shipping Co. said it will be important for carriers, ports, terminals, regulatory agencies and [...] China Cosco Holdings Co., Hanjin Shipping Co. and eight other shipping companies plan to raise rates for hauling containers to Asia from the U.S. in a bid to end losses on transpacific routes. The Westbound Transpacific Stabilization Agreement set a guideline for lines to boost rates by $300 per 40-foot container and by $240 for [...] Before Vietnam’s Cai Mep port was put into operation in June 2009, goods went to Hong Kong or Singapore and then were transferred to bigger ships heading to the US. The longer itinerary of export goods cost Vietnamese exporters more money and they had to endure high risks during the shipping, loading, and re-loading of [...] A Yang Ming ship passes under the Golden Gate Bridge. A new trend in slow-steaming at 20-22 knots means it takes three days longer to cross the Pacific Ocean. Financially strapped ocean carriers are cutting fuel costs by reducing vessel speeds on a growing number of long routes, and the impact of what’s called slow [...] Vietnam’s Saigon Premier Container Terminal, which is operated by DP World, began operations in October 2009. When the terminal is fully built out, it is planned to have a capacity of 1.5 million TEUs a year. The new terminal is one of six new terminals that have opened, are under construction or are planned at [...] The Port of Tacoma has named Curt Stoner as the new senior manager of container terminal business. Before joining the Port, Stoner spent almost 15 years as commercial manager at a Port customer that serves Alaska. Prior to that, Stoner worked 10 years in sales at American President Lines. He worked as a sales trainer [...] Ocean container carriers’ share prices rose by an average 19 percent in the past year as growing optimism over a market recovery in 2010 outweighed the impact of record operating losses. The performance of 13 publicly listed shipping companies varied widely, ranging from a gain of 118 percent by Chinese carrier CSCL to a 48 [...] Vietnam’s logistics industry has many natural advantages and is well placed, to help develop a regional hub, according to the Vietnam news agency (VNA). … About ten foreign logistics corporations including Maersk Logistics, MITSUI OSK, APL and Logitem dominate the market, the news agency said. … However, some experts cautioned that marine transportation could also be [...] |
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