Current news, information and trends in the ocean freight industry covering freight lines, carriers, logistics and classification.
Posted 07/01 · 06:00 AM · LM Editorial
This year marks the centennial anniversary of the opening of the Panama Canal. And as I write, laborers are expanding the canal so that it can accommodate vessels that are 25 percent longer, 53 percent wider, and whose draft is 23 percent deeper.
Posted 06/26 · 04:27 PM · LM Editorial
A cautiously optimistic outlook based on realigned expectations, as well as the United States returning to the top of the rankings, are the themes of the 2013 A.T. Kearney Foreign Direct Investment Confidence Index, a regular measure of senior executive sentiment at the world’s largest companies.
Posted 06/19 · 08:32 AM · LM Editorial
The money is for maintaining America’s deep-draft navigation channels and harbors and is as part of the U.S. Army Corps of Engineers’ fiscal 2014 funding bill.
Posted 06/17 · 03:57 PM · LM Editorial
The results of the AgTC's 2013 Ocean Carrier Performance Survey were announced late last week at the 25th Annual Meeting of the Agriculture Transportation Coalition in San Francisco, with APL winning top ranking
Posted 06/13 · 06:54 PM · LM Editorial
Thursday’s U.S. Supreme Court ruling rejecting two more concession requirements in the Port of Los Angeles clean-trucks program was praised by the American Trucking Associations
Posted 06/10 · 01:36 PM · LM Editorial
Further evidence that West Coast ports will protect their market share after the Panama Canal expansion surfaced last week as the Los Angeles Harbor Commission adopted a 2013-14 fiscal year (FY) budget of approximately $1.1 billion for the Port of Los Angeles.
Posted 06/06 · 03:56 PM · LM Editorial
The two ports have agreed to share strategies and best practices on topics ranging from port infrastructure, environmental and security challenges, and strategies to enhance trade competitiveness.
Posted 05/30 · 10:22 AM · LM Editorial
The most recent edition of the Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics pointed out that ongoing difficult, but slowly improving, economic conditions continue to hinder international trade to Northern Europe.
Posted 05/30 · 09:15 AM · LM Editorial
While ocean carriers leveraging slow steaming in an effort to reduce fuel costs is not entirely new, a recent report from London-based maritime consultancy Drewry Maritime Research suggests there is more to come, especially in a few key trade lanes.
Posted 05/29 · 03:25 PM · LM Editorial
Ocean cargo carriers comprising the Transpacific Stabilization Agreement (TSA) announced their intention to raise rates this summer.