The amount of time container ships spend at port continued to rise in the first half of 2019, despite relative gains in terminal efficiency, according to an analysis of JOC.com port productivity data.
Annual Review and Outlook -
Annual Review and Outlook -
India’s port development efforts include reinvigorating dozens of minor coastal harbors in order to enhance their freight handling capability.
After a lengthy hiatus, the Export-Import Bank of the United States (EXIM) recently approved a $5 billion loan to finance US exports for the development of a liquefied natural gas (LNG) project in northern Mozambique.
The International Maritime Organization’s low-sulfur fuel mandate will cause all-in container freight costs to rise next year, but there is a bigger bill coming in the form of decarbonization.
Recently imposed tariffs, a persistent oversupply of vessels, and evolving shipper requirements are redrawing traditional trade lanes for multipurpose and heavy-lift (MPV/HL) carriers.
A survey of small businesses shows truckers still looking for growth ahead, despite a tough market in 2019.
Marseilles-based CMA CGM has expanded its trade finance solutions, offering products to both importers and exporters that make use of improving supply chain visibility.
Slowing economies at both ends of the Asia-Europe trade have had little effect on the container volume being handled by the ports of Rotterdam and Antwerp.
The recent wobbles of WeWork connect to the forwarder Flexport, which shares the same primary investor, but also might be constrained to grow in the way a pure software provider does.
Dockworkers involved in contract negotiations at the Port of Montreal received support this week from an international union that attended a hearing on whether the ports are so important to public health and safety that they can’t be subject to a strike or a lockout.
Downward rate pressure caused by overcapacity and the wide range of fuel surcharge levels carriers are presenting to cargo owners suggests that fuel cost will become a competitive battleground in the aftermath of IMO 2020.
A slight increase in eastbound trans-Pacific spot rates reflects final shipments that left China before Golden Week, but dozens of blank sailings already announced for October-November indicate carriers expect imports to be weak going forward.
The spot market on Asia-Europe remained basically flat this week as carrier rate increases and capacity adjustments arrested a downward slide.
Faced with massive truck congestion daily, officials at Bangladesh’s main port are studying the feasibility of building an automated overhead conveyor system to move containers more efficiently.
PMSA President John McLaurin says the high costs and environmental rules at California ports have chased freight away, but acknowledges other factors such as the four-corner strategy of national retailers and costly intermodal rail rates have contributed to eroding market share.
CSX Transportation and Union Pacific Railroad reported weak intermodal volume for the third quarter, but insisted their networks are lean, efficient, and ready to fully capitalize when the market rebounds.
GCT has joined with a number of other terminal operators in participating in the IBM- and Maersk-developed TradeLens platform to get better access to container data and visibility.
APM’s terminal at the Port of New York and New Jersey, which is undergoing a major upgrade, will be led by an executive with shipping, intermodal and chassis experience, starting Nov. 1.
The two-day "El Dorado" tech experience will address the growing need among beneficial cargo owners, third-party logistics providers, container lines, ports, and other freight transportation interests to understand the true value of technology and navigate an increasingly complex landscape of vendors and emerging technologies.
Citing environmental concerns, most carriers are rejecting the northern sea route through the Arctic as an option for container shipping, despite the commercial benefits derived from the shorter transit.
Infrastructure investments in our seaports, both on land and in the water, bolster our economy, provide job opportunities and enhance competitiveness. Port Canaveral is facing unprecedented demand for bulkhead space — the highest in the port’s 65-year history.
Port Everglades is evolving rapidly with more than $1 billion of infrastructure improvements underway or scheduled for the next five years.
Having compensatory ocean freight rates has a domino effect on our industry. When shipowners make money, ports make money, allowing ports to make significant investments in necessary infrastructure, equipment, and technology.
Our future is that of a state-of-the-art integrated gateway, which enables us to think more comprehensively about freight movement and our multimodal efforts in order to meet the industry’s changing needs.
In the face of uncertainty, it’s best to stick with fundamentals. For seaports, that means cost control and operating efficiency.
One solution for a port our size? Diversification, which is why we’re focused on offering shippers a variety of ways to access markets in this ever-changing world economy.
While increased tariffs may result in temporarily decreased volumes, we are focusing on diversifying our cargo mix as set forth in our strategic growth plan.
For those who are unable to adjust and thrive in today’s new playing field, largely characterized by ever more competitive carriers with scale advantage and fewer alliances with greater market influence, we may see further consolidation taking place or companies struggling desperately to survive.
Our response to change: Embrace it. We are committed to actively redefining the role of ports in the end-to-end supply chain by embracing our digital transformation.
We’re exploring how data sharing offers greater cargo visibility and can reduce truck turn times and yard dwell.
We will monitor the implementation of IMO 2020 to enforce a 0.5 percent global sulfur cap on the industry, as well as the growing digitalization, e-commerce, blockchain, and autonomous shipping.
Safety and zero harm remain top priorities. These core values continue to be imperative and must be an integral part of the industry’s culture, extending to all personnel, labor, operations, cargo, and the environment.
While ports will always face new challenges associated with supporting evolving and complex global supply chains, dominant themes continue to be gateway performance and capacity.
Emerging technologies are not limited to ship design and operation. They must also be used to make seagoing careers more attractive.
There may be a shortage of reefer containers in the year ahead.
the South Carolina Ports Authority is working to finalize major infrastructure projects that will enhance our operating efficiency and assimilate anticipated Southeast regional growth.
2019 will see a continued embrace of information technology to facilitate cargo transportation. All sectors of the marine cargo-handling industry should adapt their operations to utilize these tools that are becoming more widespread.
Canada’s international trade is growing, which has a direct impact on regions like Metro Vancouver, home of Canada’s largest port.
The truck driver shortage will continue to be a major problem as the present ratio between number of drivers available to number of loads is way out of reach to control.
E-commerce may end up the greatest change ever in both the consumer and business markets.