Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

FMC evaluating Transpacific carrier agreements; Carriers known as “Flags of Convenience” investigated

From Logistic Management:

The ongoing trend of consolidation in the ocean cargocarrier arena is being confronted with more scrutiny by regulatory agencies.

Two agreements related to the west coast and trade flows between the United States and Asia were addressed this week by the Federal Maritime Commission, as were recent developments regarding government linked ocean […]

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US bill would make carriers choose: alliances or discussion groups

From the Journal of Commerce:

Congress is considering legislation that would force carriers to choose between membership in rate discussions and ocean carrier alliances, while also giving maritime regulators more power to protect domestic third-party service providers from potential alliance collusion.

Legislators’ recent interest in rewriting the Shipping Act of 1984, which was last amended […]

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Carriers, shippers team up to prepare for new container weight rules

From the Journal of Commerce:

Container lines, U.S. shippers and logistics providers are coming together to figure out the best way to prepare for the July 1 start of new global regulations requiring the weighing of containers before they are allowed to be loaded onto a ship.

The Agriculture Transportation Coalition and the Transpacific Stabilization […]

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FMC to launch website to track congestion surcharges

From the Journal of Commerce:

The U.S. Federal Maritime Commission will launch a website soon that will serve as a clearinghouse for port congestion surcharges, following industry confusion over planned U.S. West Coast surcharges, Commissioner Michael A. Khouri said Tuesday.

“The commission is gathering information from the carriers to compare announcements and actual tariff language […]

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Container availability rising, ocean carriers say

A shortage of available rail cars has impeded westbound cargo shipments, including grain.

Westbound trans-Pacific carriers expect container availability to increase in the next three weeks at most key U.S. intermodal hubs, according to a weekly U.S. Department of Agriculture survey.

The latest data show expectations of increased container supply in most locations, except […]

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TSA aims for rate hike

The Transpacific Stabilisation Agreement (TSA) group of container lines is trying for another big rise in rates from Asia to the US.

It said its 15 members should add at least $600 per 40-foot container (feu) from 1 August, lifting numbers over $4,000 per box.

Companies like Maersk Line, MSC, CMA CGM, Cosco and Hanjin […]

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2014 trans-Pacific negotiations: Lower rates, more port-to-port moves

From the Journal of Commerce:

The results of the 2014-15 service contracting season in the eastbound Pacific are in, and from the perspective of ocean carriers, they’re not pretty.

Unless carriers can score impressive gains on the spot market and with peak-season surcharges, neither of which are guaranteed, it looks like they will lose money […]

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Transpacific box lines try for another rate increase

Member lines of the Transpacific Stabilization Agreement (TSA) have announced a $300 per feu increase from Asia to US West Coast and $400 per feu to all other US destinations from 15 May.

“Carriers continue to play catch-up on rates, which have been effectively stagnant since 2011,” said TSA executive administrator Brian Conrad. “Modest revenue […]

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Carrier lobby groups secure nod for merger

The 15 TSA members, which include Orient Overseas Container Line, Cosco Container Lines, China Shipping Container Lines and Maersk Line, control about 85 per cent of the freight transported from Asia to the US. Members of the WTSA, which has seen membership drop to eight members from 10, including OOCL, Cosco and Evergreen Line, […]

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Trans-Pacific Carriers Seek Profitability, Stability in 2013

From the Journal of Commerce:

Carriers in the eastbound Pacific look to 2013 as a year in which they will return to profitability. They also intend to avoid the extreme rate volatility that defined their relationship with customers last year.

This optimistic scenario could play out if carriers’ performance in January sets the tone for […]

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Maersk Gaining as U.S. Imports Most Boxes in Five Years

Maersk, the largest container line by market value, will report a 44 percent gain in net income to 21.9 billion kroner ($3.8 billion) for this year, according to the mean of 18 analyst estimates. The Copenhagen-based company also owns oil tankers and drilling rigs, with container shipping generating 45 percent of revenue, data compiled by […]

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Peak Surcharge Fuels 20 Percent Jump in Trans-Pacific Rates

Average spot rates on the eastbound trans-Pacific trade surged by 20 percent this week as carriers put a peak-season surcharge into effect on June 10.

The Drewry benchmark rate for shipping a 40-foot container from Hong Kong to Los Angeles rose to $2,700 per FEU this week from the level of $2,250 per FEU last […]

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Neptune Orient Gains as U.S. Ship Rate Jumps: Singapore Mover

Neptune Orient Lines Ltd. (NOL), Southeast Asia’s biggest container shipping company, gained the most in almost a week after the spot rate for hauling cargo to the U.S. west coast jumped to the highest in two years.

Neptune Orient rose 2.9 percent to close at S$1.08 in Singapore. China Shipping Container Lines Co. (2866), the […]

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Asia-US box freight set to increase by $600 from June 10 on peak season surcharge

Sea freight between Asia and the US is set to increase by nearly $600 a 40-ft container.

This is due to a peak season surcharge imposed by shipping lines operating in the sector to be effective from June 10.

The lines, which are part of the Transpacific Stabilisation Agreement, said that the Asia-US container shipping […]

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Container Lines Seen Ending Losses After Rates Jump 36%

From Bloomberg news:

‘Shipping lines have been victorious in raising rates this year because they have exercised discipline,’ said Jee Heon Seok, an analyst at NH Investment & Securities Co. in Seoul. ‘They’re reaping the benefits of working together and that could mean annual profits.’

Container lines may have learnt their lesson after losing […]

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