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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. [...] 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 [...] 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 [...] 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 [...] 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 [...] China bought 115,000 metric tons from U.S. exporters, the U.S. Department of Agriculture said, the largest reported transaction since 2001. The sales could pave way for more purchases by China, fueling a rally in Chicago corn futures. “Many more cargoes would come if everyone sees a smooth clearing at the Chinese customs for these first [...] The biggest reason to own a shipping company stock today is the nascent economic recovery. As economies recover, trade should rebound, and that will increase the demand for international shipping. That, in turn, should lead to an increase in shipping rates, which is often measured through the Baltic Dry Index (BDI). Of course, China is a [...] 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 [...] The new no-frills service will connect California with the Taicang Gateway, 60 km north of Shanghai. At a time when only the bravest might consider a major investment in container shipping by way of a brand new venture as a bright idea, next month TCC – The Containership Company – say they will launch their [...] An Evergreen ship at the Port of Tacoma Taiwan’s Evergreen Marine Corp plans to expand its fleet to cope with a recovery in container shipping since the end of the global economic crisis, a newspaper said Tuesday. Evergreen, the world’s fourth-largest maritime shipping company, plans to buy at least a dozen vessels that can carry [...] Longview's Berth 9 will be the site of the new $200 grain elevator buit by EGT Development, Inc. Click on the photo to read the Longview Daily News. The Port of Longview increased its revenue 7 percent from 2008, when it hauled in $23.5 million. Before then, the port had never broken the $20 million [...] |
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