CMA CGM on Wednesday announced the acquisition of German short sea shipping line OPDR in the latest move by the French carrier to boost its share of the fast growing intra-European container shipping market.
Congestion at West Coast ports could get slightly worse over the Thanksgiving weekend as longshoremen and employers take time off to celebrate the holiday.
Carriers are proceeding with the largest single trans-Pacific eastbound rate increase in years but have only postponed making a formal announcement.
A combination of manufacturing migrating from China to its Southeast Asian neighbours and improving road infrastructure is set to grow cross-border trade, despite the import and export of containers taking up to three weeks in some countries.
Keeping track of the constantly changing rates and amendments in the container booking system is complex and an exercise in frustration for forwarders, beneficial cargo owners (BCOs) and NVOCCs, but crucial to establishing a bottom line cost, believes CargoSphere president Neil Barni.
The U.S. Government Accountability Office says the military should revise practices that cost taxpayers $823 million in fees over 10 years for late return of shipping containers, mostly for the war in Afghanistan.
Reinstated port congestion surcharges for container imports into the U.S. West Coast will go into effect beginning on Wednesday.
With reports of more 18,000 TEU ships soon to be ordered as carriers continue to pursue lower operating costs, the focus is again turning to what the next largest class of ships would look like.
One potential consequence of the congestion at West Coast ports - a shortage of containers in Asia due to difficulties repositioning them back from the U.S. - is being watched closely but does not seem yet to be creating widespread problems.
APM Terminals is eyeing expansion in Turkey to take advantage of container volume growth at the nation's Mediterranean and Black Sea ports.
The idle container ship fleet has fallen to its lowest level since the global financial crisis erupted in late 2008 , as port congestion on the U.S. West Coast and in Manila keeps vessels in work.
The Port of Houston Authority has selected Lockwood, Andrews & Newnam Inc. to design the first phase of a new rail line to the port’s Bayport terminal.
The value of U.S. trade with Mexico and Canada increased by $7.8 billion in September, exceeding $100 billion for the seventh straight month as manufacturing activity and freight shipping in all three North American Free Trade Agreement partners expanded.