The U.S. Army Corps of Engineers has given its final substantive approval for the deepening of South Carolina's Charleston harbor to accommodate post-Panamax container ships.
The Swedish government has proposed a tonnage tax system that means Swedish shipping companies will operate under competitive conditions similar to companies in other countries in Europe. The tonnage tax would be introduced in summer 2016.
Import cargo volume at the nation's major retail container ports is expected to increase 1.2 percent this month over the same time last year as retailers head toward the holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
The United States Maritime Administration has issued Advisory 2015-02 concerning possible contamination by hazardous materials caused by the explosions that occurred last month at the Port of Tianjin, in China.
The dry bulk shipping market will remain in recession due to contracting demand for iron ore and coal, and any recovery is not expected until 2017, according to the Dry Bulk Forecaster report published by global shipping consultancy Drewry.
The product tanker market has enjoyed healthy returns in recent years on the back of structural changes taking place in trading patterns. However, impending fleet growth is expected to reduce the sector's earnings over the medium term, according to the Product Tanker Market Annual Report 2015 published by global shipping consultancy Drewry.
Lloyd's Register is classing the world's largest-ever container ships – led by a recent contract to oversee the building of six ultra-large container ships of more than 20,000 TEUs.
Rising global container port demand and ever larger vessels are driving terminal operators to make significant investments in additional capacity, according to the Global Container Terminal Operators Annual Report 2015 published by global shipping consultancy Drewry.
Breaking a run of six consecutive months of improvement, container service reliability across the three main East-West trades declined in July, falling by 4.0 percentage points from June to 73.3 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.
