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Puget Sound longshore workers are experiencing a strong rebound. This photo was submitted by Seattle longshore worker Curt Treadwell. Submit your waterfront photos to longshorenews (at) gmail.com. Containerized imports at the Port of Seattle exploded last month, increasing 93.3 percent compared to June of 2009. The 88,763 TEUs recorded in June were the highest [...] CMA CGM SA, the French shipper reorganizing 5.4 billion euros ($7 billion) of debt, is seeking to put together a new investor group by a July 26 court deadline, said people with direct knowledge of the matter. CMA CGM, which began talks with creditors in September, needs the reorganization to avoid insolvency after breaching covenants on [...] Chassis will no longer be provided by several major carriers due to new rules on safety. The ‘Roadability Law’ as it is often referred to, has cause several leading shipping companies to withdraw the provision of the trailer chassis’ required in intermodal movements. Previously hauliers could collect both their designated container plus the trailer on [...] Late last week, shipping giants NYK Line and Evergreen announced they would stop providing chassis for cargo container units in the U.S. – effectively requiring truck owners to rent or own their own chassis. The announcements came in the weeks after similar news from shipping giants CMA CGM and OOCL. On Dec. 17, 2009, FMCSA began [...] Launched in 2006, the Emma Maersk measures 397 metres – quarter of a mile – from bow to stern, or longer than the any aircraft carrier. After months of speculation about their true capacity, AP Moller-Maersk Group has reported that the biggest ships in the company’s container fleet – which includes the world’s largest cargo [...] “The container business has been doing very well,” Jacob Pedersen, an analyst at Sydbank A/S. “The lack of containers and sharp increase in rates are definitely benefiting Maersk Line. This may be a signal that pricing discipline has returned to the industry.” Maersk had been projected to report full-year net income of 14.6 billion kroner ($2.5 [...] The Westwood Columbia, photographed in front of Mt. Fuji in Japan, is named for the Columbia River. The Westwood Shipping Lines service will carry between 220 and 240 containers per month under a six month contract with an option to extend for an additional year. If it proves successful, Port officials say the service could [...] Container volume moving through West Coast ports increased 14 percent in the first five months of the year. Growth was relatively balanced between imports and exports and across the regional gateways. Statistics published on the Web site of the Pacific Maritime Association also showed that, except for a slight dip in February, container volume increased steadily [...] Laid-up container vessels are beginning to return to service and new deliveries are being accepted in a sign that international trade is slowly recovering. The latest deliveries to be announced are to the CMA CGM Group, which has taken delivery of the CMA CGM LAMARTINE (6,500 TEU) and CMA CGM CALLISTO (11,400 TEU) in [...] John Wolfe faces the tasks of leading the port in difficult times and of repairing its reputation after two troubled and expensive expansions failed to live up to their promise. [In response to questions, Wolfe made the following comments:] We’ve already made a significant investment in infrastructure that’s underutilized, so we can accommodate growth [...] Maersk Chief Executive Nils Andersen told reporters in Singapore that Maersk will also keep adding to container box levels this year and the next to address the global shortage in the industry. “It will come back to pre-crisis levels, to a level where the industry can get return on their investments,” Andersen said of container freight [...] China Shipping Container Lines Co., the nation’s second-biggest cargo-box carrier, plans to impose an “emergency equipment surcharge” of $400 per forty-foot box on transpacific shipments next month because of a global shortage of containers. AP Moller-Maersk A/S, the world’s largest container line, has forecast an “unprecedented” shortage of cargo boxes because of a surge in shipping [...] The Board of Harbor Commissioners on Monday, June 28 approved a $716 million budget for the Port of Long Beach that continues to invest aggressively on environmental and capital improvement projects while keeping operating costs in check. The fiscal year 2011 budget represents a 19 percent reduction from the previous year. It includes $474 million for development projects [...] 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 [...] Hanjin Shipping has received its first 10,000TEU class containership. The “Hanjin Korea” is the first of the series of five 10,000TEU class ships ordered from Samsung Heavy Industries and is equipped with a fuel-efficient and eco-friendly engine that can reduce both fuel consumption and CO2 emission. Eun Young Choi, Chairwoman of Hanjin Shipping, commented, “With this [...] |
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