Container volume at U.S. ports is expected to grow next year, but at a slower rate of three to four percent, down from five percent in 2015, says ratings company Moody's.
China's cabinet has approved the merger of its two biggest shipping conglomerates, China Ocean Shipping Company (COSCO) and China Shipping Group Company (parent of CSCL), in the government's latest effort to make the industry more competitive globally.
The number of vessels in the Great Lakes-Seaway system exceeds the five-year average as ships deliver much-needed supplies and make a final push to export grain before the St. Lawrence Seaway closes Dec. 30.
Retailers predict import volumes at the nation's major container ports will finish the year on a high note despite weak demand during this year's traditional peak shipping season.
Stakeholders at U.S. ports are spending $9bn a year to accommodate the next generation of super-sized container ships. But simply expanding physical infrastructure will not be enough to mitigate port congestion. With fewer vessels moving more containers per call, U.S. ports need to fundamentally change the way containers are moved in and out of terminals.
Retailers, manufacturers and farmers worldwide are protesting a new marine shipping safety rule they say will raise transport costs and cause delays at ports worldwide.
The U.S. is expected to change from a net importer of natural gas to a net exporter, with those exports destined for different regions of the world, especially Asia. It's a development that could see the nation building 100 new ships, a prospect that the Government Accountability Office says could take 30 years.
Import cargo volume at the nation's major retail container ports is expected to be essentially unchanged from last year this month as stores bring in the last round of merchandise for the holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Wallenius Wilhelmsen Logistics (WWL), a provider of roll-on/roll-off shipping and related logistics services, is increasing frequency and capacity in its service from Europe to the U.S. West Coast.
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