Filed in Ocean Freight
Tuesday, October 25, 2011
In a move signaling future rate pressure in the nation’s most robust ocean cargo trade lane, Horizon Lines, Inc. announced it will discontinue its Five Star Express (FSX) trans-Pacific container shipping service between the U.S. West Coast, Guam and China
Friday, October 21, 2011
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
Thursday, October 20, 2011
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
Wednesday, October 19, 2011
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
Tuesday, October 18, 2011
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.
Monday, October 17, 2011
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
Friday, October 14, 2011
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
Thursday, October 13, 2011
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
Monday, October 10, 2011
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.
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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.