The ports of Los Angeles and Long Beach handled 39 percent of U.S. container imports in 2002, but that figure fell to 32 percent by 2013, according to U.S. census data. They have lost business to competitors at a time when, overall, global trade is booming and imports are rising at all ports, including L.A. and Long Beach. And the ports are losing out to others that can handle larger vessels.
How much U.S. shale oil production is taken out of service will be a key driver of future tanker shipping earnings, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
SeaLand, an arm of the Maersk Group providing intra-Americas ocean carriage, has added the North Atlantic Express (NAE) service to its north-south network.
Typically, when a protracted longshore labor dispute comes to an end, and operations on the docks return to normal, all parties vow to move forward and bury any residual acrimony. This time around, that might not be the case.
CaroTrans, a global non-vessel operating common carrier and ocean-freight consolidator, has launched a weekly less-than-containerload service from Montreal, Quebec to Le Havre, France.
The volatility of global spot freight rates since the start of 2015 has continued to increase in comparison to 2014, according to rate assessments on 11 routes gathered by the World Container Index (WCI). Price turbulence on the globally important Asia-to-Europe routes has been particularly high in 2015 with monthly volatility increasing 43 percent on average in comparison to 2014.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
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