Current news, information and trends in the ocean freight industry covering freight lines, carriers, logistics and classification.
Posted 10/21 · 10:01 AM · LM Editorial
Robert McEllrath – president of the International Longshore and Warehouse Union, who was arrested recently for leading a riot at the Port of Longview in which six security guards were held hostage – is now encouraging other acts of civil disobedience nationwide
Posted 10/20 · 09:50 AM · LM Editorial
The Port of Oakland reached a major funding milestone of nearly $350 million for harbor deepening and maintenance, this week, thereby enhancing its position as a leading U.S. ocean cargo export gateway
Posted 10/19 · 02:54 PM · LM Editorial
The Maritime Union of New Zealand is rightly contending that the responsibility for the Rena disaster lies with Government and authorities as much as with individual crew members
Posted 10/18 · 10:40 AM · LM Editorial
Ocean cargo shippers will have access to more than a million twenty-foot equivalent units (TEUs), thanks to the continuing introduction of new vessel capacity.
Posted 10/17 · 10:41 AM · LM Editorial
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
Posted 10/14 · 09:35 AM · LM Editorial
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
Posted 10/13 · 08:10 AM · LM Editorial
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
Posted 10/11 · 09:47 AM · LM Editorial
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.
Posted 10/10 · 06:38 PM · LM Editorial
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.
Posted 10/10 · 06:11 PM · LM Editorial
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.