Filed in Ocean Freight
Tuesday, February 12, 2013
Company officials said this expansion was made to address market trends related to increased manufacturing and consumer demand in many regions, with these lanes originating in Asia, Europe, the Middle East, Africa, and South Africa. With this expansion, UPS has more than 1,700 direct LCL lanes serving 116 countries.
Posted on 02/12 at 12:04 PM
Ocean Freight •
Monday, February 04, 2013
The battle lines between shippers and carriers comprising the Transpacific Stabilization Agreement (TSA) are shaping up early as both sides make plans for future contracting.
Monday, January 21, 2013
The Drewry Hong Kong-Los Angeles container rate benchmark, published in the latest Container Freight Rate Insight report, jumped 14% to $2,524 per forty-foot equivalent unit (FEU) this week, as the January peak season surcharge (PSS) took effect.
Monday, January 14, 2013
TOTE, Inc. announced it has committed to the construction of two new state-of-the-art containerships for the Puerto Rico trade, with options for three more vessels for additional domestic service. The agreement with General Dynamics NASSCO represents a major technological milestone in international shipping.
Friday, December 28, 2012
News that the International Longshoremen’s Association and United States Maritime Alliance have agreed to extend their contract negotiations for an additional 30 days was welcomed by the National Retail Federation today.
If the International Longshoremen's Association and the U.S. Maritime Alliance fail to come to terms on a master contract by midnight tomorrow, East Coast shippers will face a dismal start of the new year.
Thursday, December 27, 2012
While the Federal Mediation and Conciliation Service – the federal agency charged with mediating private sector labor disputes – has the International Longshoremen’s Association meeting with management to avert an East Coast and Gulf port strike, shippers are bracing for the worst before the December 29 deadline
Wednesday, December 26, 2012
Matson, Inc. announced that it has signed a definitive agreement to acquire the primary assets formerly owned by Reef Shipping, a South Pacific shipping company based in Auckland, New Zealand that has been in business since 1968.
The Urban Land Institute’s (ULI) noted in a recent report that despite the extraordinary devastation caused by Hurricane Sandy, it was not particularly severe as storms go
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Monday, December 24, 2012
This holiday season, let’s remember those toiling on the high seas, who make ocean cargo shipping the key symbol of globalization. It’s lonely and often dangerous work, done by professionals who – for the most part – remain background players in the worldwide distribution network. Without them, however, the backbone of the supply chain would surely crumble.