Maritime News

The CKYHE Alliance said today it would expand its coverage once again — this time opening up the scope of the alliance's trade loops to the United States.

Ships lined up at the Port of Long Beach. Source: @sbogucki12
In a reminder of the parking lot that the San Pedro Bay became during the 2002 lockout by the Pacific Maritime Association of ILWU workers, container ships are backed up once again off the ports of Los Angeles and Long Beach waiting for days for a berth as gridlock descends on the largest port complex in the Americas.

Emissions Map
The largest group of carriers in the trans-Pacific trade lane today unveiled a revised low-sulfur surcharge meant to tackle the costs associated with switching to the fuel in emissions control areas in North America on Jan. 1.

UPS will raise freight rates for air and ground packages, domestic and international shipments and less-than-truckload freight by 4.9 percent on average Dec. 29, the company said Monday.

The book is closed on a three-year cross-border trucking pilot project, but the debate over cross-border trucking with Mexico is far from finished.

A sharp drop in spot rates from Asia to the Mediterranean was facilitated by slowing cargo volumes and overcapacity, Drewry Maritime Research says.

The South Carolina Ports Authority today received the first ship call of a new consolidated South American east coast service that brings additional post-Panamax vessels to Charleston.

Members of the Transpacific Stabilization Agreement have filed for their 11th general rate increase this year in a continuing effort by carriers to shore up spot rates from Asia to North America.

Nicaragua canal
The HK Nicaragua Canal Development Investment Co. estimates it can complete a Nicaragua canal in five years at a cost of $40 billion, but more realistically, it will cost at least twice that amount and take 10 or more years to build the 173-mile-long waterway.

The slump in crude oil prices over the past three months has sharply reduced ocean carriers’ unit costs as they face declining cargo volumes in the seasonally slack fourth quarter.