Trucker turn times in Los Angeles-Long Beach are back to where they were in the spring of 2014 before the ports were crippled by labor slowdowns, but industry analyst Val Noronha is giving terminal operators in the largest U.S. port complex a grade of only D-.
When J.B. Hunt reports lower second-quarter intermodal volumes next month the culprits will be U.S. West Coast port congestion and the intermodal marketing company’s own decision to sacrifice market share for higher rates, according to a BB&T Capital Markets report.
The Port of New York and New Jersey handled record import container volume in May, the latest sign that diversion from West Coast ports is lingering months after their congestion cleared.
Skilled longshoremen are not showing up for work in the numbers they should be at the Port of Oakland, contributing to vessel backlogs and longer truck turn times, president of the Pacific Maritime Association said.
HHLA, Hamburg’s largest container stevedore, forecast a “moderate” decline in traffic in 2015 but stuck to its earnings forecast thanks to increased intermodal volumes.
Evergreen Line has confirmed an order for 10 ships each with capacities of 2,800 twenty-foot equivalent units, a move aimed at capturing a larger share of the profitable and growing intra-Asia trade market.
APL announced Monday that its PA2 service from North Asia will skip calls to the Port of Oakland through the end of July because of the port’s congestion problems.
Brazilian fresh beef exporters will begin shipping to the United States for the first time in 15 years in September, paving the way for forecasted volume of up to 9,000 twenty-foot-equivalent units annually.
European Union competition regulators approved French carrier CMA CGM’s acquisition of OPDR, the German short-sea shipping line.
Maersk has sold its majority-owned offshore support company Esvagt to private equity investors in the latest disposal of non-core operations as it focuses on container shipping and terminals and oil and gas exploration and drilling.
Container volumes via major public ports in India dipped about 1.5 percent in June year-over-year as a slump in the country’s global trade continued, according to the latest port statistics compiled by JOC.com.
A Tokyo-based research firm has downgraded its outlook for Japanese container trade in fiscal 2015, which started on April 1, citing a significantly slower pace of growth in imports than previously anticipated.
Hong Kong’s container throughput could halve in the next decade as a host of factors begin to stack up against the port that has seen a steady decline in volumes over the past year.