Zim container ship in the Port of Haifa
 
Ocean carriers are paying a heavy price for failing to rein in capacity on the Asia-Mediterranean route despite the deepening economic crisis across southern Europe, according to shipping consultant Drewry.

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Commentary
 
A refrigerated shipper and motor carrier get two different readings on a temperature-controlled product. Now what?
 
The trans-Pacific eastbound trade is taking considerably longer than in the past to settle annual service contracts that will run through next April. Some ocean carriers walked away from large deals, while others are walking into them even at rates that appear to be below costs.

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The Port of Virginia is aiming to boost container traffic by capitalizing on its post-Panamax draft, tapping improved intermodal service, increasing customer service and developing distribution centers.