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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 [...] 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 [...] 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 [...] 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 [...] “Rates have increased, but more importantly, we have taken out costs by, among other things, reducing fuel consumption through slow steaming and better planning,” CEO Nils Smedegaard Andersen said in Maersk Post. “We are more competitive today than before the crisis,” Andersen said, adding that cost cutting would continue across the group as competitors are doing [...] “The Philippines could develop into the top three [markets] for reefer [refrigerated shipping] services,” Thomas Eskesen, senior director of Maersk Line’s reefer division said, referring to the country’s expected share in the global volume of refrigerated cargo. “This could happen in the next one to five years,” Mr. Eskesen said. The firm has recently been approaching [...] The South Carolina State Ports Authority wants to make all public port operations “common user,” a phrase people outside the maritime community learned when Maersk Line threatened to pull its business from the Port of Charleston. The SPA last year offered to move Maersk’s operations to what’s known as the common user gate, where SPA employees [...] A U.S. regulator and the European Union’s competition watchdog are monitoring the world’s top container shipping lines for any evidence of price fixing. The scrutiny comes as the prices shipping lines charge have kept rising even as the industry’s supply of new ships has continued to increase sharply. The shipping lines, including industry leader AP Moeller-Maersk [...]
Sawdust is exported from Coos Bay, Ore. for the manufacturing of particle board. The Oregon International Port of Coos Bay about 165 miles south of Portland, may one day develop a container terminal that can handle the 8,000-TEU class vessels that are common now in the trans-Pacific trade, but a channel-deepening project needed [...] Shipping lines including AP Moller- Maersk are charging South African exporters extra to handle containers as they start clearing a backlog from a two-week transport strike. Maersk is charging its customers an extra $75 per 20-foot container to partially offset losses incurred through the strike at state- owned ports and rail operator Transnet Ltd. The congestion [...] Hundreds of empty container ships sat idle off the coast of Singapore last year. The world’s top container lines lost an average of $1,500 per 20-foot equivalent unit of fleet capacity while racking up an estimated $15 billion in operating losses last year, AXS-Alphaliner reported in its weekly newsletter. The Paris-based information service said 18 of [...] 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 [...] A.P. Moller-Maersk, the Denmark-based parent company of APM Terminals and the two shipping lines, said its terminals unit had net profit of $115 million, compared with $60 million in the first quarter of 2009. Revenue rose 8 percent to $1.1 billion. For several years, APM Terminals has been working to increase its business from customers other [...] |
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