U.S. ports are under increasing pressure to modernize their facilities to handle larger vessels and keep their existing infrastructure up to par. Fortunately, for some ports, Uncle Sam is giving them a boost via Transportation Investment Generating Economic Recovery (TIGER) program.
Spot rates on the Asia-northern Europe trade plunged below $1,000 for the first time since March as September GRIs continued to slide, according to the latest Shanghai Containerized Freight Index.
Canadian National Railway faces a fine from the Canadian government after failing to obey Ottawa’s order to move a minimum amount of grain weekly.
Three major container lines have announced plans to launch a mega-alliance, dubbed Ocean Three, or as the JOC.com team likes to call it, O3.
Two Southern California politicians are asking the U.S. Army Corps of Engineers to hurry along repairs to the breakwater protecting the Port of Long Beach, two weeks after high winds and waves punched holes through the barrier.
Bunker prices have fallen to their lowest level in over a year after a three month slide, and oversupply may keep fuel costs for container lines relatively low throughout the end of the year.
State-owned Shipping Corporation of India has announced the launch of a fortnightly direct container service connecting major ports in the Indian subcontinent with Myanmar, starting this month.
T.S. Lines launches third India-China service in a vessel sharing agreement with Hanjin and Simatech
Mediterranean Shipping Co. today unveiled surcharges of up to $165 per 20-foot container on North European and North American routes that will be subject to new low-sulfur limits in 2015.
Air France initiated a contingency cargo plan today as pilots begin a week-long strike that will ground more than half of the carrier’s flights.
Work is scheduled to begin in October on a $30 million dredging project to widen a bend at the entrance of the channel at Port Freeport, Texas, in order to allow transit by larger ships.
The final piece of the puzzle, completing the circle –– container shipping analysts were searching for expressions to describe the Ocean Three alliance that was announced last week. But Drewry and SeaIntel were both in agreement that the alliance between CMA CGM, CSCL and UASC would see Ocean Three slot in just behind the 2M tie up of Maersk Line and MSC and see both alliances outpacing the rival networks of G6 and CKYHE.
Strong air cargo traffic out of Asia continued to lift Cathay Pacific volumes with August figures soaring almost 20 percent year-over-year and the Apple iPhone 6 launch expected to keep traffic high through September.