In another important milestone of its Expansion Program, the Panama Canal Authority announced the completion of phase three of the dry excavation project in the construction of the Pacific Access Channel

In keeping with observations made by shipping analysts in London and Copenhagen, a major U.S. trade intelligence company said ocean carrier capacity continues to outstrip demand

The Baltic and International Maritime Council in Copenhagen forecasts inflow of new container tonnage in 2011 to be at 1.3 million twenty-foot equivalent units

While the biggest ocean carriers seek the economies of scale from ever-larger super post-Panamax ships, they run the risk but of introducing too much capacity at the same time, thereby ruining the already fragile supply/demand balance.

Ocean cargo activity at the Port of New Orleans expanded earlier this month, with the announcements that CMA CGM and CSAV (Compañía Sud Americana de Vapores) have added New Orleans to the Gulf Bridge Express service, which links the Gulf Coast to the Caribbean and ports in Central and South America.

An excess of capacity on key routes, as well as poor discipline from carriers means that container shipping lines will not cover their cost of capital in 2011, and many will lose money once again.

Senator Carper is one of our country’s leading public servants dedicated to advancing and growing the competitiveness of the nation’s transportation system and the maritime industry.

The timing of the decision by the U.S. Court of Appeals for the Ninth Circuit to overturn a ban on drayage owner-operators at the Port of Los Angeles could not have been better

Shippers and truckers hailed a decision by the U.S. Court of Appeals for the Ninth Circuit to overturn a ban on drayage owner-operators at the Port of Los Angeles late yesterday

Analysts with the Paris-based consultancy, Alphaliner, are advising shippers to cast a critical eye on ocean carrier promises for “daily cut-offs.”