U.S. exports of several agricultural products including pork, beef, poultry, apples and forage products are shrinking, and some export opportunities could be lost permanently because of dockworker slowdowns and the gridlock that has emerged at West Coast ports, the Agriculture Transportation Coalition reports.
Many Canadian importers are receiving shipments two to three weeks longer than usual and exporters are missing sailing windows because of container vessels delays at U.S. West Coast ports are rippling north.
Greece’s new government, headed by the populist left wing Syriza Party, said it will scrap the planned privatization of the port of Piraeus, one of Europe’s fastest-growing container ports, fueling uncertainty over its stance toward the nation’s shipping community, which controls the world’s largest fleet.
China Cosco Holdings ended 2014 in profitable territory, growing its net earnings by 50 percent to $56 million on the back of cost cuts, improved revenue and lower bunker fuel prices.
Container carriers and logistics service providers in Asia are confident that the steady growth in exports from China will not be heavily impacted by a slowing of the mainland economy.
Capacity additions and a significant acceleration in cargo volumes helped drive strong third-quarter results for Adani Ports and Special Economic Zone (APSEZ), India’s largest private port infrastructure developer.
The world's largest ocean freight forwarder Kühne + Nagel has vowed to expand its leadership position as it launched a series of global events to commemorate its 125th anniversary in Bremen on Wednesday.
Vessels are backing up at an alarming rate at West Coast ports due to congested marine terminals and work slowdowns by the International Longshore and Warehouse Union.
The Philippines-based terminal operator ICTSI, which operates the Port of Portland’s only container terminal, said Wednesday it is experiencing even more intensive hard-timing tactics by the International Longshore and Warehouse Union than at other West Coast ports, and continued job actions could threaten the terminal’s viability.
Evergreen Marine Corp. on Wednesday finalized plans to charter an 11-strong fleet of 18,000 TEU ships, becoming the latest carrier to deploy ultra-large container vessels but raising questions about how appropriate such ships designed for an era of slow steaming are after the recent plunge in oil prices.
Low fuel prices and intermodal improvements delivered record fourth-quarter profits to Marten Transport, as the refrigerated carrier got more money out of its rolling assets.
Antwerp posted a 4.7 percent increase in container traffic in 2014, trailing a 5.7 percent rise at close rival Rotterdam but reversing a 0.7 percent decline in 2013.
Jan de Rijk Logistics will provider "road feeder service" for IAG Cargo in Spain, handling the air freight company's Iberian traffic.