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Port of Long Beach The long-planned $1 billion Middle Harbor Project redevelopment project will create a facility capable of handling twice as much cargo (up to 3.3 million TEUs a year) while cutting air pollution in half from current levels. This will be possible because ships will use shore power, and the facility will feature [...] The Hanjin Shipping Co. CEO’s recent comment that he expects the U.S-Asia trade lane to return to profit next month is good news for Jacksonville, Miss. His positive forecast bodes well for robust volumes the planned container Dames Point terminal, which is slated to open late 2013. It also means that more of Hanjin’s cargo [...] 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 [...] Cosco Container Lines said Tuesday it will restore capacity on its weekly North China-U.S. Southwest Express service by bringing back six 7,500-TEU vessels to replace the six current 5,500-TEU vessels. The Chinese carrier will start adding the larger capacity vessels to the string on April 24 and phase all of them in by the end [...] Senior executives at some of the world’s biggest operators of car-carrying ships have expressed doubts about how quickly the sector will recover from a slump, in spite of plans by one of the sector’s biggest investors for an initial public offering of shares and capital-raising. Demand in the car-carrier sector, which handles new and used vehicles [...] “K” Line will add bigger ships and more container capacity to its Asia – West Coast services in April. The Japan-based shipping line is replacing six 3,400-TEU ships that currently call in Tacoma with six 5,200-TEU ships. Two of Japan’s largest shipping firms, NYK and “K” Line, reached agreements with shipbuilders to convert some container ship orders to orders for bulk carriers and other vessels, as demand for container shipping is expected to take time to make a full-fledged recovery. NYK agreed … to convert seven of its 14 container ship orders to [...] 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 Port of Laem Chabang, Thailand, will soon add links to Los Angeles and Oakland. The New World Alliance (TNWA), which includes shipping lines Mitsui O.S.K. Lines (MOL), APL and Hyundai Merchant Marine, is adding the Thai port of Laem Chabang to its Pacific Southwest Express (PSX) service to provide a freight container link between [...] Buffeted by the adverse global economic environment, Kawasaki Kisen Kaisha (”K” Line) again suffered losses in the third quarter of consolidated fiscal year 2009. The company said consolidated operating revenues for Third Quarter of FY2009 accounted for Yen 212.503 billion, a decrese of Yen 105.554 billion compared with the same peiod of the previous year. [...] 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 [...] Vietnam’s Saigon Premier Container Terminal, which is operated by DP World, began operations in October 2009. When the terminal is fully built out, it is planned to have a capacity of 1.5 million TEUs a year. The new terminal is one of six new terminals that have opened, are under construction or are planned at [...] The second cargo vessel to traverse directly between Viet Nam and the US’s East Coast berthed last weekend at the Tan Cang – Cai Mep Container Terminal in Ba Ria-Vung Tau Province, Vietnam. The vessel, Hong Kong’s MV OOCL America – part of the Grand Alliance – is one of the fleet’s 10 freighters with [...] Seaspan on Jan. 8 took delivery of its latest containership. The MOL Empire from Hyundai Heavy Industries has a capacity of 5,100 20-foot equivalent units. The new ship brings the charter company’s fleet to 43 vessels. … Seaspan has 25 more new containerships on order scheduled for delivery over the next two and half years, [...] Ocean container carriers’ share prices rose by an average 19 percent in the past year as growing optimism over a market recovery in 2010 outweighed the impact of record operating losses. The performance of 13 publicly listed shipping companies varied widely, ranging from a gain of 118 percent by Chinese carrier CSCL to a 48 [...] |
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