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.

FMC Chairman addresses US-China regulatory issues

Consolidation of shipping lines, realignment of carriers alliances, environmental improvements in the shipping industry and achieving supply chain efficiencies were all among topics addressed during the U.S.-China Bilateral Maritime Consultations held in Los Angeles last week.

Federal Maritime Commission (FMC) Chairman Mario Cordero co-headed the U.S. delegation to the meeting with Deputy Maritime Administrator Michael […]

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China Shipping vessels left LA after getting $5 million shore power upgrade

Port of L.A. helped pay for cleaner China Shipping vessels–which later stopped docking in L.A.

From an article titled ‘Port of L.A. helped pay for cleaner China Shipping vessels — which later stopped docking in L.A.’ in the Los Angeles Times:

The Port of Los Angeles paid a Chinese government-owned shipping company $5 million in […]

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China Shipping and Cosco merge to become China Cosco

From a Reuters report titled ”China launches new shipping giant to battle downturn”:

China on Thursday launched a challenge to global shippers AP Moller Maersk and Mitsui OSK Lines, but analysts said the giant company must slim down its workforce and order book to weather one of the industry’s worst-ever slumps.

Created from the state-driven […]

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Cosco merger may change industry dynamics

From Marine Link:

The merger between China Shipping group and the Cosco Group has given rise to a mammoth company that could trigger stability and extended consolidation in the global shipping industry, says a report in the WSJ.

The merger will free the two Chinese shipping groups from competing against each other at home and […]

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Officials seek action to correct emissions breaches at Port of Los Angeles

Elected officials are demanding swift action and increased oversight at the Port of Los Angeles following disclosure that a second major shipping company has been allowed to skirt requirements to reduce harmful diesel emissions.

Port officials failed to require two large terminal operators, TraPac and China Shipping, to comply with air quality improvement measures the […]

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Port of LA criticized after TraPac terminal falls short on air quality mandates

Excerpts from the Daily Breeze:

TraPac terminal, Port of Los Angeles

The Port of Los Angeles is coming under renewed criticism following release of an audit that revealed air quality-improvement mandates were not met by the 173-acre TraPac terminal.

The revelations come on the heels of the port’s acknowledgment late last year that it had […]

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Cosco gets new chairman as China Shipping merger drags on

Ma Zehua, the man who replaced Wei Jiafu as chairman and party secretary for China Cosco Holdings in 2013 when the charismatic executive quit unexpectedly, stepped down Thursday as chairman of the mainland’s largest carrier.

He will be succeeded by non-executive director Wan Min, China Cosco said in a filing to the Hong Kong […]

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Janice Hahn calls for independent oversight of Port of L.A.’s anti-pollution efforts

From the Los Angeles Times:

Rep. Janice Hahn (D-San Pedro) is throwing her support behind the demands of harbor-area residents calling for independent oversight of the Port of Los Angeles after its failure to impose air quality improvements at one of its busiest shipping terminals.

The Times reported Monday that beginning in 2009, top port […]

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China Approves Merger of Cosco, China Shipping

China’s two state shipping giants will combine their container-shipping assets among other restructuring efforts, as part of a multibillion-dollar merger to strengthen the nation’s competitiveness in an industry battered by weak demand and persistent overcapacity.

China’s State Cabinet on Friday approved the merger between China Ocean Shipping (Group) Co., or Cosco Group, and China Shipping […]

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Container shipping on the cusp of a major shakeup

Plagued by overcapacity and ongoing losses, the container shipping industry is rife with talk of potential mergers and acquisitions. The consolidation of the highly fragmented industry is long overdue, especially when contrasted with such other heavily capitalized transportation sectors as railroads and airlines.

The possibility that a new wave of M&A may be imminent was […]

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CSCL, Cosco in early stages of merger, FMC commissioner says

A U.S. Federal Maritime Commissioner said he was told earlier this week by representatives of China Shipping Container Lines and Cosco that the container lines are in the early stages of a merger.

FMC Commissioner William Doyle told JOC.com that China’s two largest container lines are working to be as transparent as possible regarding the […]

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Port of Los Angeles has failed to meet pollution-cutting measures

From the Los Angeles Times:

The Port of Los Angeles has failed to carry out vital pollution-reduction measures it agreed to make after a legal settlement more than a decade ago, according to a document released by the port.

In an environmental notice, the port revealed it has not completed 11 of 52 measures it […]

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Possible merger talks see Cosco and CSCL extend trading halt

Cosco and China Shipping said recently that they were discussing a “material event,” widely believed to be a merger, and would extend the trading halt on Hong Kong and Shanghai exchanges that has been in force since August 10.

“At present, the event is in the planning process, there are still uncertainties,” China Cosco Holdings […]

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Shippers land $147,000 in fines for violating marine fuel sulfur regulations

China Shipping was one of the four shipping lines that incurred the fines.

The California Environmental Protection Agency (CEPA) has announced that its Air Resources Board (ARB) had fined four shippers a combined $146,719 for failing to adhere to the U.S. state’s marine fuel regulations.

CEPA listed the companies found to be in non-compliance as […]

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Shipping industry consolidation set to continue, says CMA CGM executive

CMA CGM teamed up earlier this year with China Shipping Container Lines Co. and Middle East shipping major United Arab Shipping Co. to share vessels and port facilities on some of the world’s largest trade loops.

From the Wall Street Journal:

The high cost of buying giant new container ships, coupled with fierce competition […]

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