Current news, information and trends in the ocean freight industry covering freight lines, carriers, logistics and classification.
Posted 03/07 · 11:04 AM · LM Editorial
Now that the first half 2011 prediction has been raised, the report is calling for 7.5 million TEU during that period, which would be a 9 percent gain over the first half of 2010. In 2010, the report said there was a total of 14.7 million TEU moved—a 16 percent gain over 2009, which was largely achieved due to 2009’s 12.7 million TEU serving as the lowest annual tally since 2003.
Posted 03/04 · 06:38 AM · LM Editorial
Stakeholders representing importers, exporters, motor carriers, ports, and marine terminal operators (MTOs) reconvened at an industry working group meeting, co-chaired by PierPASS and Ability-TriModal, to continue discussions on potential solutions to limit congestion outside the marine terminal gates at the ports of Los Angeles and Long Beach.
Posted 02/25 · 01:17 PM · LM Editorial
The American Association of Port Authorities has expressed “deep concerns” over the proposed funding cut for the Department of Homeland Security’s Port Security grant program that was included in the Continuing Resolution (CR) bill that recently passed the House of Representatives
Posted 02/24 · 05:35 PM · LM Editorial
The Agriculture Transportation Coalition is asking its members to share information on ocean carrier practice regarding Entry Summary Declaration
Posted 02/24 · 09:33 AM · LM Editorial
Just how closely hemispheric seaports are working together will be explored at an upcoming conference examining the North American Free Trade Agreement
Posted 02/24 · 12:00 AM · LM Editorial
The Panama Canal expansion - expected to be complete by 2014 - has seaports throughout the hemisphere readying for a new competitive landscape. For most, that means offering value-added services designed to move inbound goods faster than ever before. Here’s where the preparations currently stand.
Posted 02/23 · 08:05 AM · LM Editorial
In a move signaling confidence in renewed demand for capacity, Maersk Line has signed a contract with Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build 10 of the world’s largest vessels in the global container flreet
Posted 02/22 · 02:04 PM · LM Editorial
UPS announced it has expanded its UPS Preferred LCL (less-than-container-load) Ocean Freight service to ten additional Asia-based ports, which it said provides shippers with up to 40 percent faster door-to-port United States-bound delivery for LCL shipments.
Posted 02/22 · 09:46 AM · LM Editorial
A moderate increase in European import and export volumes is expected in 2011, according to the most recent edition of the Global Port Tracker Report published by Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
Posted 02/21 · 12:06 PM · LM Editorial
The next home to America’s Cup was once a vibrant ocean cargo destination too. What happened?