Current news, information and trends in the ocean freight industry covering freight lines, carriers, logistics and classification.
Posted 01/21 · 10:36 AM · LM Editorial
The Drewry Hong Kong-Los Angeles container rate benchmark, published in the latest Container Freight Rate Insight report, jumped 14% to $2,524 per forty-foot equivalent unit (FEU) this week, as the January peak season surcharge (PSS) took effect.
Posted 01/14 · 11:43 AM · LM Editorial
TOTE, Inc. announced it has committed to the construction of two new state-of-the-art containerships for the Puerto Rico trade, with options for three more vessels for additional domestic service. The agreement with General Dynamics NASSCO represents a major technological milestone in international shipping.
Posted 01/10 · 11:29 AM · LM Editorial
A diverse coalition of over 120 local, state and national stakeholders, ranging from farmers and manufacturers to retailers and wholesalers – representing the totality of the global supply chain – sent a letter today to the International Longshoremen’s Association (ILA) and United States Maritime Alliance, Ltd. (USMX) urging both sides to remain at the negotiating table until they “reach a new long-term contract.”
Posted 01/09 · 11:23 AM · LM Editorial
A new initiative to reduce the number of transaction problems experienced when trucks pick up or deliver containers at the marine terminals at the Ports of Los Angeles and Long Beach was introduced today
Posted 12/28 · 12:02 PM · LM Editorial
News that the International Longshoremen’s Association and United States Maritime Alliance have agreed to extend their contract negotiations for an additional 30 days was welcomed by the National Retail Federation today.
Posted 12/28 · 11:23 AM · LM Editorial
If the International Longshoremen's Association and the U.S. Maritime Alliance fail to come to terms on a master contract by midnight tomorrow, East Coast shippers will face a dismal start of the new year.
Posted 12/27 · 03:30 PM · LM Editorial
While the Federal Mediation and Conciliation Service – the federal agency charged with mediating private sector labor disputes – has the International Longshoremen’s Association meeting with management to avert an East Coast and Gulf port strike, shippers are bracing for the worst before the December 29 deadline
Posted 12/26 · 07:42 PM · LM Editorial
Matson, Inc. announced that it has signed a definitive agreement to acquire the primary assets formerly owned by Reef Shipping, a South Pacific shipping company based in Auckland, New Zealand that has been in business since 1968.
Posted 12/26 · 09:40 AM · LM Editorial
The Urban Land Institute’s (ULI) noted in a recent report that despite the extraordinary devastation caused by Hurricane Sandy, it was not particularly severe as storms go
Posted 12/24 · 10:51 AM · LM Editorial
This holiday season, let’s remember those toiling on the high seas, who make ocean cargo shipping the key symbol of globalization. It’s lonely and often dangerous work, done by professionals who – for the most part – remain background players in the worldwide distribution network. Without them, however, the backbone of the supply chain would surely crumble.