Filed in Ocean Shipping
Thursday, May 22, 2014
The much anticipated P3 Network vessel-sharing agreement, whose objective is to give ocean carrier heavyweights Maersk, MSC, and CMA CGM the ability to discuss and agree on the size, number and operational characteristics of vessels to be operated on transatlantic and transpacific trade lanes between the U.S. and Asia, North Europe and the Mediterranean, will be getting a later start than originally thought.
Posted on 05/22 at 08:34 AM
Ocean Shipping •
Sunday, May 18, 2014
Transpacific container lines continue to experience a surge in eastbound bookings that began in January and is expected to continue into the second half of 2014
Tuesday, May 13, 2014
Ahead of negotiations between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA), which began this week in San Francisco, a letter to ILWU President Robert McEllrath and PMA Chairman and CEO James McKenna pleaded the case for the sides to come to an agreement ahead of the June 30 contract deadline for West Coast dockworkers.
Thursday, May 01, 2014
With the Panama Canal expansion planned to meet its deadline in late 2015, shippers are busy determining which top gateways will best serve their future needs. Meanwhile, even more strategic complexity has been introduced with further consolidation of ocean carrier services. Are niche ports ratcheting up their game to catch residual volume?
Cost conscious shippers understand that fuel comprises between 40 percent and 60 percent of ocean carriers’ operating costs, and bunker surcharges are a similarly important line item on a shipper’s own income statement.
Monday, April 21, 2014
The newly created and expanded alliances of P3 and G6 will certainly review and revise port calls, but the shift in initial deployments will be subtle, says Neil Davidson, senior analyst of ports and terminals for Drewry Research.
Wednesday, April 09, 2014
With the Panama canal expansion meeting its deadline in late 2015, shippers are busy determining which gateways would best serve their future needs. But even more strategic complexity has been introduced this year with consolidation of ocean carrier services. Rather than whistling in the dark, the leading ocean cargo gateways are keeping their guard up.
Tuesday, April 01, 2014
Keeping vigilance on costs a given, say analysts
According to a new AlixPartners study, many of the major international players face more distress and even possible bankruptcy.
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Wednesday, March 26, 2014
The P3 Network vessel-sharing agreement, whose objective is to give ocean carrier heavyweights Maersk, MSC, and CMA CGM the ability to discuss and agree on the size, number and operational characteristics of vessels to be operated on transatlantic and transpacific trade lanes between the U.S. and Asia, North Europe and the Mediterranean, was given the green light by the Federal Maritime Commission (FMC) earlier this month.