Two recent news items from Tacoma’s News Tribune:
Port of Tacoma reports best year since 2008
A new report from the Port of Tacoma shows container traffic up nearly 16 percent last year over 2011 to 1.711 million container units.
That container volume was pumped up by the move of the Grand Alliance container [...]
After three straight months of losses, container traffic began to rebound at the Port of Oakland last month, growing nearly five percent compared with the same month in 2011.
Oakland moved a grand total of 203,446 TEUs in May 2012, a jump of 4.9 percent over the previous May. Numbers were up in three of [...]
Several major carriers have recently reported losses. Among them:
Hapag-Lloyd Posts $172 Million First Quarter Loss
German ocean carrier Hapag-Lloyd’s first quarter net loss widened to 132.4 million euros ($172 million) from 22.1 million euros ($28.7 million) a year ago as lower freight rates and higher fuel costs outweighed double-digit growth in container traffic. (More [...]
Steep declines in imports of furniture, toys and footwear in February helped pushed U.S. containerized imports down 5.8 percent year-over-year, the first decline in four months.
An early Lunar New Year shutdown of factories in China exacerbated the year-over-year import loss, but the 18.6 percent month-to-month decrease still suggests weakening volume. Overall U.S. containerized imports [...]
CMA CGM swung to a net loss of $30 million in 2011 from a $1.6 billion profit in 2010 but the French ocean carrier said cost savings and lower ship charter rates will return it to the black this year.
Revenue was up 4 percent to $14.87 billion as traffic grew 11 percent against [...]
Global maritime firms are starting to take container ships out of operation as rising fuel prices and falling freight rates erode profits, the head of industry leader Maersk Line said on Thursday.
Around 5 percent of the global container capacity, or 800,000 twenty-foot equivalent units (TEUs), are in lay up, an industry term for taking [...]
Import volume through major U.S. container ports should be nearly flat in January before rising this spring, the National Retail Federation and Hackett Associates said in their monthly Global Port Tracker report.
“We’re headed into the slow season for cargo shipments, but forecasts indicate that retailers will be stocking up this spring in anticipation of [...]
Containerized imports generally lagged but exports continued to grow in October at the ports of Oakland, Portland, Tacoma and Seattle.
Year-to-date exports at all of the northern West Coast ports are higher this year than they were in the first 10 months of 2010, reflecting the continued strong growth of U.S. exports. The trend toward [...]
The Port of Los Angeles continued to see a strong rise in export cargo, buoyed by the weak dollar that has been boosting overseas demand for U.S. goods.
The volume of imported freight through the Port Of Los Angeles ticked up 5.5% in October, compared to the year-ago period, although it still slipped 1% [...]
Having reached a recent low of around 100,000teu earlier this year, the volume of idle container capacity has been on the rise as freight and charter rates weakened and boxship owners and operators have found it harder to employ their vessels.
“The hefty imbalance between supply and demand leaves carriers with surplus tonnage that [...]
U.S. imports on the world’s biggest trading route are dropping for the first time in almost two years as consumer confidence weakens to the lowest level since the recession that ended in 2009.
Container volumes on the Asia-to-U.S. route fell 3.8 percent in the third quarter, the first decline since the last three months of [...]
The following three articles are in the Journal of Commerce. Click on the headlines to read the full articles.
NYK Loses $150 Million in ‘Increasingly Severe’ First Half NYK said weak rates and a strong yen contributed to a $150.3 million loss for the first six months of its April-March fiscal year, and the diversified [...]
The Port of Tacoma’s seesaw container business numbers were up again in September after falling in August. … While the container business remains irregular, several of the port’s other business lines are doing well.
The breakbulk business is up 66.7 percent for the year. The auto business is 50.7 percent higher than last year. Log [...]
Protesters on Wall Street
Sam Wood, an unemployed 21-year-old, said he was there because he doesn’t think it’s fair “the way that the rich get more breaks than the poor.”
“What I really want to achieve is to educate people about what’s going on with the economy right now,” he said as he [...]
In August, container volume dipped 12.3 percent to 535,929 20-foot equivalent units (TEUs) at the Port of Long Beach, Calif., “reflecting a general weakness in the economy,” port officials said in a prepared statement.
“After experiencing record gains in 2010 and continued growth in the earlier part of the year, trade volumes have declined … [...]