Maritime shipping - Articles - Page 7

Given Global Overcapacity, Chinese Province Orders Huge Cutback in Ship Building

October 27, 2015

Severe shipyard overcapacity in China has prompted the National Development and Report Commission's Jiangsu province to cancel work on 23 projects. The projects included construction of new docks, offshore vessels, facility conversion projects and additional expansions.

Once Sanctions Cash Rolls In, Iran Plans to Beef Up Its Maritime Fleet

October 26, 2015

Maritime Executive

With U.S.-led sanctions expected to be lifted soon as part of July's nuclear deal, Iran has unveiled a $120bn fleet expansion campaign.

Container Lines Show Marked Improvement in On-time Performance in Three Main East-West Trades

October 23, 2015

Drewry

Container service reliability across the three main East-West trades reached a new data series high in September, rising by 6.5 percentage points over August to the new record of 79.9 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.

Container Ships Lead the Way as Panama Canal Sets New Tonnage Record

October 14, 2015

Maritime Executive

The Panama Canal Authority (ACP) has set a new historical tonnage record, welcoming 340.8 million Panama Canal tons (PC/UMS) through the canal in the 2015 fiscal year.

Retail Shelves Well Stocked for Holiday Shoppers

October 14, 2015

NRF

Import cargo volume at the nation's major retail container ports is expected to increase 3.3 percent this month over the same time last year as retailers make final preparations for the holiday season, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.

Look for Continued Years of Overcapacity of Ocean Container Vessels

October 12, 2015

Drewry

Slowing global trade and a bloated orderbook of large vessel capacity mean that container shipping is set for another three years of overcapacity and financial pain, according to the latest Container Forecaster report published by global shipping consultancy Drewry.

Cargo Shipping Rates on East-West Lanes Have Fallen Sharply Since Early 2014

October 1, 2015

Drewry

Ocean freight rates for cargo moving under contracts on the major East-West routes have seen a sharp reduction since the beginning of the year, according to Drewry's Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight rates.

Environmental Concerns Delay Start of Construction of Nicaragua Inter-ocean Canal

September 28, 2015

Maritime Executive

The Nicaragua Canal project has been dealt another setback amid reports that construction will not begin until the first quarter of 2016 due to environmental mitigation measures.

GEFCO Acquires IJS Global

September 25, 2015

GEFCO Group

The GEFCO Group, a global player in logistics for manufacturers and in European automotive logistics, has signed an agreement with the private equity fund Nimbus to acquire the Dutch company IJS Global, which specializes in air and sea freight operations.

CO2 Emissions from Ocean Vessels Has Been on Decline Since 2009, Study Says

September 25, 2015

Maritime Executive

Annual reporting from BSR's Clean Cargo Working Group indicates that average CO2 emissions per container per kilometer for global ocean transportation routes have declined by 8.4 percent from 2013 to 2014 and by more than 29 percent since 2009.