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After a five-year lull, construction restarted this week on the final phase of the Main Channel deepening project at the Port of Los Angeles, which will eventually allow larger cargo vessels to access harbor terminals, officials announced Friday. “The Main Channel deepening project is a lifeline to maintaining our competitive edge during the critical years ahead [...] 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 [...] After announcing recently a mega fleet expansion plan involving 100 vessels, Evergreen Group chairman Y.F. Chang has ordered 10 8,000-TEU container ships from a South Korean builder, as well as considering to order 12 same-class container ships from CSBC Corp., Taiwan. Evergreen is executing fleet expansion when shipbuilding costs are still relatively low. The direct flights [...] Yang Ming Marine Transport Corp., Taiwan’s second-largest container shipping company by revenue after Evergreen Marine Corp., expects stronger-than-expected US demand to boost its full-year profit, company Chairman Frank Lu said. “Demand on the US routes will be robust until late November,” Lu told reporters at a luncheon, adding the company, which has agreed with its clients [...] Evergreen Line and China Shipping Container Lines are teaming up to start a trans-Pacific service linking Los Angeles and Oakland with central and northern China. … The new service, which is to be called the China/South US West Coast Service 2 (CPS2), in response to the booming Asia – U.S. trade, which has been experiencing [...] Some shipping lines are demanding that truckers start supplying their own container chassis — a move that many in the international supply chain are watching closely. Atlantic Container Line (ACL), recently announced that as of June 1, 2010, it will no longer provide chassis to contracted truckers and it will shift all of its carrier arranged [...] After refraining from placing any order for new ships for the past two years, the head of the Evergreen Group now sees the opportune time to order 100 new containerships in the near future and negotiations with shipbuilders are expected to start in May. In 2007 and 2008 with high freight rates and tight spaces, shipowners [...] Evergreen is expected to sail from Tacoma on May 23. Taiwan-based carrier Evergreen Line will resume its 20-port pendulum service to Tacoma six months after it withdrew the US West Coast-Asia/Mediterranean (UAM) service, with a May 10th sailing from Kaohsiung. The 20-port pendulum service for the region will range from Tacoma to Valencia, Spain, via [...] Three Evergreen cranes clear the Bay Bridge on Tuesday, March 16. Click on the photo to read the Oakland Tribune article. Three giant cranes from China sailed under the Bay Bridge on Tuesday morning on their way to the Port of Oakland, barely clearing the bottom of the span. The cranes, bought by international shipper [...] China Cosco Holdings Co., the nation’s largest container-ship operator, expects to win its targeted rate increase in new contracts as world trade rebounds and shipping lines curb capacity. “I’m full of confidence” about the on-going annual contract negotiations, the Cosco President said in a March 12 interview in Beijing. “The full recovery has yet to [...] 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 [...] 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 [...] 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 [...] Neptune Orient Lines, the world’s fifth largest container shipping firm, reported a wider-than-expected fourth-quarter net loss but said business conditions have improved. The company … has cut staff and reduced capacity over the past 15 months to cope with weaker cargo volumes, but it said demand is gradually returning. “There have been improvements in volumes and asset [...] |
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