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.
The international shipping industry is only spending 0.1 percent less on bunker fuel than it was 24-weeks ago, but that fluctuation equates to big savings: $117 million daily.
Construction on the controversial Nicaragua canal linking the Atlantic and Pacific oceans will begin on Dec. 22 on the Pacific side, according to the government officials.
Hapag-Lloyd and CSAV just need approval from Ukraine and China to merge and create the fourth-largest container lines, after Mexican regulators gave the tie-up the green-light this week.
Volume gains in Tacoma helped offset another month of year-over-year losses in Seattle, pushing Puget Sound container throughput up in October for the first time in four months.
Five carriers today joined Mediterranean Shipping Co. in announcing congestion surcharges on cargo heading from Asia to U.S. West Coast ports.
Truckers are complaining about a tariff change that restricts their ability to collect detention payments for excessive wait times and subjects them to $50 fees for avoidable trouble-window visits at most Port of New York and New Jersey container terminals.
A Teamsters-affiliated group in Southern California on Friday said it halted picketing that began this week at facilities operated byPacer ACartage, Harbor Rail Transport, LACA Express, QTS and WinWin Logistics.
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
U.S. retailers today expressed their disappointment that coastwide U.S. West Coast port labor talks won’t begin until early December and reiterated their call for President Obama to get involved.
Maher Terminals has ordered eight additional straddle carriers for operation at its terminal in the Port of New York and New Jersey.