Nineteen container ships were anchored outside the congested ports of Los Angeles and Long Beach Saturday morning, according to the Marine Exchange of Southern California.
Months of severe congestion caused container shipping line on-time performance to plunge nearly across the board in 2014, according to Danish research firm SeaIntel Maritime Analysis.
Harbor truckers in Los Angeles-Long Beach are preparing to legally challenge the International Longshore and Warehouse Union and marine terminal operators as soon as union mechanics attempt to detain trucker-owned or leased chassis at the ports under a reported agreement the ILWU reached with employers last week in coastwide contract negotiations.
Cargo volumes at non-major, also known as minor, ports in India expanded at nearly three times the pace of “major” ports owned by the federal government, reflecting rerouting of traffic to avoid ongoing congestion problems at major ports.
Hong Kong Air Cargo Terminals Ltd. (Hactl) ended a solid 2014 by recording its strongest quarter of the year as Asia’s air freight sector continued its robust recovery.
The new carrier mega-alliances are set to shake up market share on the key Asia-North Europe liner trade while shippers will benefit from a greater choice of services, and probably lower freight rates, according to Drewry Shipping Consultants.
China’s largest shipping company, China Ocean Shipping (Group) Co., sailed back to profit in 2014 after three loss-making years, according to mainland media.
A European Commission proposal calling for carriers and forwarders to identify the buyers and sellers of imported goods in their customs filings has been slammed by the World Shipping Council (WSC).
The development of Oman’s Sohar Port and Freezone and its links to the Arabian Peninsula and Gulf nations have placed the port city firmly on China’s radar as it works to build a “Maritime Silk Road” between Asia and Europe.
HONG KONG — An estimated 10 million square feet of warehousing space will be completed in the Shanghai area this year, wi
SingPost has acquired a 90 percent stake in New Zealand forwarder Famous Pacific Shipping as the regional e-commerce logistics specialist expands its Asia-Pacific footprint.
Only 60-70 percent of India’s port capacity was currently being utilized, and that issue should be addressed before the country embarked on ambitious new port projects, according to Visakhapatnam port chairman M.T. Krishna Babu.
With the global middle class set to grow by nearly 3 billion people by 2030, congestion threatens to choke trade and economic growth, economist Walter Kemmsies told the SMC3 2015 JumpStart conference last week.