Terminal operators and equipment managers on the West Coast intend to form a discussion agreement that will allow them to work with industry stakeholders such as shipping lines, motor carriers and railroads to reduce congestion and improve cargo velocity.
A leading European barge operator will levy a congestion surcharge on containers shipped to and from Rotterdam next week.
East and Gulf Coast ports have been winning the market share battle in the U.S. containerized ocean trade since 2008. What happened?
Yemen has shut down its major seaports after a series of airstrikes from neighboring Saudi Arabia against rebels fighting Yemen’s Western-backed government, according to various reports.
The Port of Tokyo will become Japan’s first and Northeast Asia’s second port to join the international Environmental Ship Index program and reward environment-friendly container ships
New depth restrictions on container ships calling at the port of Santos, supported by pilots citing dangers to navigation from shallow channels, is sparking criticism from carriers and terminals affected by the restrictions.
The Port of Houston’s volume of loaded import containers in February jumped 44 percent from a year earlier, boosted by shippers seeking an alternative to congested West Coast ports.
OOCL and Yang Ming Line have expanded their joint China-Pakistan Express (CPX) Service by adding a direct call at Adani Hazira Container Terminal, a private facility in West India, starting in mid-April.
For U.S. West Coast ports, 2015 was going to be a year to solidify market share in the competitive U.S. container trades as ports on the East Coast prepared for completion of the Panama Canal expansion project. Instead, the first quarter of 2015 has been a nightmare for West Coast ports, with crippling congestion, an unsettled labor contract and declining container volumes.
The Indian federal government has approved a special-purpose company with equity participation of all major ports to implement rail connectivity projects aimed at improving supply chain services.
Hapag-Lloyd, Germany’s biggest container line, slumped to a net loss of 603.7 million euros [$652 million] in 2014 largely due to the one-off cost of acquiring and integrating Chilean carrier CSAV.
The slow season continued to exert its negative influence on spot rates across major east-west trades, with Asia-Mediterranean leading the way down this week and hitting lows not seen since October 2013, according to the latest reading of the Shanghai Containerised Freight Index (SCFI).
A year before its scheduled completion of a $5 billion-plus expansion, the Panama Canal Authority is discussing the idea of building even larger locks to allow head-to-head competition with the Suez Canal.