Import cargo volume at the nation's major retail container ports is expected to increase 7.3 percent this month over the same time last year as retailers stock up for the busy back-to-school season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to the Container Forecaster report published by global shipping consultancy Drewry.
Low material costs and stable demand have driven the price of new container equipment down to record lows where it is forecast to stay, according to the latest edition of the Container Census report published by global shipping consultancy Drewry.
Shippers are still steaming over delays caused by West Coast dockworkers during contract negotiations with terminal operators in late 2014 and early 2015. But problems at the region's ports extend well beyond union intransigence.
Shipowners operating in the trans-Atlantic dry bulk market, where prices have been plumbing two-year lows on the back of acute vessel oversupply and shifting patterns in minerals demand, could be facing brighter days, according to the latest special report released by Platts.
It's been about five years since ocean carriers began selling off their chassis in the U.S., forcing shippers to obtain the equipment elsewhere. But the new regime is anything but settled.
Shipping will require an additional 42,500 officers by the end of 2019 to cope with the expected growth in the main cargo carrying fleet, equivalent to 7 percent growth over the five-year period. But the persistent shortage of officer crew is receding, according to the latest Manning report published by global shipping consultancy Drewry.
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