Current news, information and trends in the ocean freight industry covering freight lines, carriers, logistics and classification.
Posted 10/12 · 12:02 PM · LM Editorial
“We’re pleased with the ongoing buildup of import cargo,” said Maritime Director John Driscoll. “Our job now is to maintain the momentum.”
Posted 10/08 · 03:33 PM · LM Editorial
Slowing global trade and a bloated orderbook of large vessel capacity mean that container shipping is set for another three years of overcapacity and financial pain, according to the latest Container Forecaster report published by global shipping consultancy Drewry.
Posted 10/07 · 04:57 PM · LM Editorial
More than 20 U.S. port authority officials and their key staff, representing seaports from all four U.S. coasts, will gather on October 8 to meet with Congressional leadership to discuss the upcoming surface transportation bill and the U.S. Army Corps of Engineers’ navigation budget.
Posted 10/06 · 03:50 PM · LM Editorial
Kurt Nagle, president and CEO of the American Association of Port Authorities recently voiced his endorsement of this trade legislation
Posted 10/02 · 12:50 PM · LM Editorial
The United States Environmental Protection Agency (EPA) has awarded the Port of Oakland $277,885 to upgrade cargo-handling equipment and reduce exhaust emissions on the waterfront.
Posted 10/01 · 04:00 PM · LM Editorial
Today, the volume rankings of the leading ocean cargo carriers only tell half the story. With the planned merger of two of China’s largest players, and the pending sale of Singapore’s NOL, the whole scenario may be set for major upheaval.
Posted 09/29 · 08:03 AM · LM Editorial
Ocean freight rates for cargo moving under contracts on the major East-West routes have seen a sharp reduction since the beginning of the year
Posted 09/21 · 01:42 PM · LM Editorial
The Institute for Energy Economics and Financial Analysis is presenting testimony to the Oakland City Council today that questions the wisdom of a proposal to expand the Port of Oakland’s coal-export capacity at the Oakland Army Base Redevelopment project.
Posted 09/21 · 01:32 PM · LM Editorial
The Port of Oakland said today it’s nearly a third of the way through its annual maintenance dredging program for 2015.
Posted 09/14 · 03:15 PM · LM Editorial
The California State Senate is withholding pay raises that would have exceeded Pilot's current take home pay of more than $450,000 per annum.