The International Longshore and Warehouse Union and the Pacific Maritime Association met for three days this past week without concluding negotiations; at the weekend, the parties announced a week-long recess in the talks. German carrier Hamburg Süd announced plans to acquire the container operations of Chile’s CCNI, in a move resembling the deal between larger competitor Hapag-Lloyd and Chile’s CSAV, and Crowley is reported to be in talks to acquire Horizon Lines’ Puerto Rico assets. Earnings reports by U.S. truckload carriers are pointing to a stronger freight recovery in the United States, though rail service continues to be held back. And on Friday, Anne S. Ferro announced her departure from the Federal Motor Carrier Safety Administration after five years leading the agency.
18 Jun 2014
Hamburg Süd said it will focus on further cost cuts and expansion of its core routes to and from South America through 2014.
17 Jun 2014
Hapag-Lloyd has plans to restructure its West Africa service network, including its West Africa Service and West Africa Mediterranean Express, in June and July.
16 Jun 2014
Additional intermodal capacity that was added between the port of Rotterdam and Bavaria has been well received and is helping address a capacity shortage.
11 Jun 2014
Lufthansa today warned that an expected rebound in its cargo business hasn’t materialized and there’s no pickup in sight as it lowered its profit targets for the next two years.
10 Jun 2014
Container ships with capacities of 10,000 TEUs or greater are more likely to be delayed at European ports than smaller vessels.
20 May 2014
20 May 2014
The Port of Hamburg’s container traffic grew by a market-beating 8 percent in the first quarter.
15 May 2014
An aggressive focus on operating efficiency is reflected in the first quarter results of Neptune Orient Lines, Hanjin and Hapag-Lloyd, although the savings were not enough to offset the effects of excess capacity, high bunker prices and weak freight rates that continue to plague the industry.
14 May 2014
Resurgent cargo flows on the Far East-Europe trade boosted HHLA’s first quarter earnings, but the rise of ocean carrier alliances is among the “fundamental uncertainties” clouding the rest of the year, Hamburg’s biggest container handler cautioned.