Maritime News

Port Metro Vancouver is receiving a modest windfall in container volume thanks to the uncertainties surrounding longshore contract negotiations on the U.S. West Coast, but it might have profited even more if its terminals had more capacity to handle diverted cargo. Projects are planned to expand its capacity substantially over the next 10 years.

The Port of Oakland was returning to normalcy Wednesday after four days of on-again, off-again demonstrations by anti-Israel protesters involving the Zim Piraeus container ship.

Maersk Line star
In reporting its second-quarter and first-half 2014 results this week, Maersk Line again showed how its financial fortunes are diverging from most of the rest of the container shipping industry.

Evergreen container ship, Ever Lambent
The cost benefits of Evergreen Marine joining the CKYH Alliance were reflected in its second-quarter earnings, which saw the Taipei-based carrier returning to profitability.

Overall capacity operated by the Top 21 container carriers increased 5.6 percent or 847,000 TEUs in the last 12 months, according to industry analyst Alphaliner’s latest newsletter, furthering chronic overcapacity in the container shipping market.

APL Logistics container loading in New York
Neptune Orient Lines said Wednesday media reports that it plans to sell its logistics business, APL Logistics, for up to $900 million are "preliminary and exploratory in nature.”

Arctic waters
The melting polar icecap is reheating ages-old dreams of cross-Arctic shortcuts for deep-draft ships sailing between the Atlantic and Pacific oceans. But logistics managers shouldn’t count on it happening next year — or even in the next decade.

Taiwanese ocean carrier Yang Ming Line has upgraded its intra-Asia service network to better meet growing demand in the region.

The SSA Marine terminal at the Port of Oakland remained closed Tuesday because longshoremen refused to report to their jobs, even though the anti-Israel demonstrators who had blocked entrance to the facility on Sunday were long gone.

Maersk McKinney-Moller
Maersk Line and Mediterranean Shipping Co. do not require regulatory approval from China for their proposed “2M” vessel sharing agreement on the east-west trades, Maersk Line said today.