The world’s largest ship financiers, mostly German, could see their vessel assets, dominated by container ships, written down by up to 20 percent in the European Central Bank’s impending review of Eurozone banks’ resiliency.
06 Aug 2014
The U.S. ocean container trade via European ports, including transshipments, increased 3.8 percent year-over-year to 4.6 million laden 20-foot-equivalent units in the 12 months ending March 2014, according to PIERS, the data division of JOC Group.
05 Aug 2014
Marginal changes in container imports market share show U.S. East Coast ports slowly took business away from their West Coast competition in the first half of 2014.
Weekly wrap-up for Aug. 2, 2014: Vancouver penalties cutting truck turn times; congestion worsens at North European ports
02 Aug 2014
Port Metro Vancouver’s penalty system for terminals is cutting truck turn times and drawing attention from other North American ports struggling with drayage challenges. And congestion seen earlier this year at Rotterdam has continued, prompting diversions and surcharges, and the congestion is spreading to other ports in the North Europe range.
31 Jul 2014
Lufthansa Cargo today posted another profitable quarter despite lower traffic and revenue, overcoming a weakening global air freight market that has trapped many of its leading rivals in the red.
29 Jul 2014
Facing growing port congestion, the Port of Hamburg is implementing a far-reaching plan to better manage truck traffic of containers moving in and out of its terminals.
29 Jul 2014
AirBridgeCargo Airlines, Russia’s largest scheduled cargo carrier, plans to add more routes and boost frequencies of existing services over the next six months after traffic soared 16 percent to an all-time high in the first half of the year.
28 Jul 2014
Worsening congestion at the port of Rotterdam has prompted two short sea and feeder shipping lines to impose surcharges of around $100 per container.
26 Jul 2014
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.
25 Jul 2014
Hamburg Süd has signed a preliminary agreement to acquire the container operations of the Valparaiso, Chile-based Compañía Chilena de Navegación Interoceánica, or CCNI, by Dec. 31, 2014.
23 Jul 2014
German banks’ toxic shipping loans are a matter of concern ahead of the European Central Bank’s stress tests, the International Monetary Fund warned.