Maritime News

Weekly wrap-up: Mega-alliances, LA-LB issues and trucking growth
Issues at the Los Angeles-Long Beach were on JOC.com readers’ minds this week, along with mega-alliances and growth in the trucking industry.

Spot freight rates on the key Asia-north Europe trade are reported to have slumped to just $750 per 20-foot container, down more than $1,000 since the beginning of the year.

LA stacktrain
The percent of import containers arriving at the Los Angeles-Long Beach gateway that were transloaded into domestic containers for onward rail transport into the interior U.S. continued to increase last year and is forecast to continue rising in 2014.

Westbound trans-Pacific carriers expect container availability to increase in the next three weeks at most key U.S. intermodal hubs, according to a weekly U.S. Department of Agriculture survey.

Westbound trans-Pacific carriers expect container availability to increase in the next three weeks at most key U.S. intermodal hubs, according to a weekly U.S. Department of Agriculture survey.

ship in Black Sea
DFDS, one of Europe’s largest short sea-shipping and logistics operators, this week announced plans to close a second route in response to tougher environmental regulations that will sharply increase the cost of ships’ fuel from 2015.

Maersk Line CEO Soren Skou on Friday discussed the proposed “2M’ vessel-sharing agreement with China’s Ministry of Commerce, as the carrier works to avoid a repeat of the rejection that it received from Chinese regulators for its proposed P3 alliance in June.

Ocean carrier rate revision roundup for Sept. 19
Multiple container lines have planned general rate increases in numerous trade lanes in October, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.

SCFI Shanghai to Northern European ports rate September 19, 2014
Spot rates on the Asia-northern Europe trade plunged below $1,000 for the first time since March as September GRIs continued to slide, according to the latest Shanghai Containerized Freight Index.

Global Ship Lease has agreed to acquire an 8,063-TEU container ship from a “leading” though unnamed container line for $55 million, according to the container ship charter company.