Current news, information and trends in the ocean freight industry covering freight lines, carriers, logistics and classification.

New threshold in containership delivery reached

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.

Panama Canal completes major step in expansion program

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

More news surfacing on ocean carrier volumes

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

Capacity glut continues to haunt ocean cargo arena

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

Are ocean carriers in a “boom and bust” cycle?

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.

Ocean shipping: CMA CGM, CSAV expand service at Port of New Orleans

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.

Ocean carriers not likely to capture more revenue, say analysts

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.

U.S. Port Person of the Year champions inland waterways

Posted 10/07 · 03:17 PM · LM Editorial
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.

A victory for both SoCal ports

Posted 09/26 · 10:45 PM · LM Editorial
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

Port of Los Angeles must continue to use non-union drivers

Posted 09/26 · 10:27 PM · LM Editorial
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

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