Logistics Management: Ocean Transportation

Recovery in Multipurpose Shipping Market May Have to Wait Until End of 2017

April 15, 2016

The multipurpose shipping market is not expected to recover until the end of 2017, when it is anticipated that there will be more bulk demand for the Handy vessels and therefore more breakbulk cargoes for multipurpose vessels, according to the latest Multipurpose Shipping Market Review and Forecast 2016 report published by global shipping consultancy Drewry.

Gains Seen in Dry Bulk Shipping May Fade in Second Half of 2016

April 15, 2016

IHS

Shipping rates for vessels transporting commodities such as coal, iron ore and grains racked up impressive gains in the first quarter of 2016 after hitting record lows, but the rally could flatten out into the second half as the macroeconomic outlook remains uncertain, according to IHS Inc.

Aye, Aye, Captain Robot

April 15, 2016

Maritime Executive

Last week, the Rolls-Royce led Advanced Autonomous Waterborne Applications Initiative (AAWA) project presented its first findings at a conference in Helsinki, expressing high hopes for vessel automation in commercial service -- and predicting that it will arrive soon.

Rates in Container Shipping Industry Expected to Continue to Fall

April 8, 2016

Maritime Executive

Shipping consultants Drewry have released their container shipping review for the first quarter 2016, and the outlook does not look positive.

Inchcape Shipping Services Expands in Mexico

April 7, 2016

Inchcape Shipping Services

Inchcape Shipping Services has opened a new office in Veracruz, Mexico.

CMA CGM Expands in West Africa; Upgrades Ethiopian Services

April 6, 2016

CMA CGM

CMA CGM is augmenting its container services linking the West African coast with Europe, Asia, the Middle East and India.

Weft Launches Real-Time Rank of Global Container Ports

April 6, 2016

Weft

Weft has developed a real-time ranking of global container ports. It is intended to provide companies with data related to such processes as procurement, contract negotiations and other shipment-planning decisions.

Import Growth Seen at U.S. West Coast Ports Outstrips That of East Coast Seaports

April 4, 2016

Datamyne

U.S. import volumes, measured in TEUs, have rebounded at West Coast ports so far this year. Imports through the port of Los Angeles increased 36 percent January through February of 2016 and 30 percent through the port of Long Beach, compared with the same time period in 2015, according to findings from Datamyne, which provides web-based international market intelligence.

Ocean Container Weight Verification Requirement May Greatly Boost Shipping Costs, Study Finds

March 29, 2016

Wall Street Journal

An impending international requirement that shippers verify the weight of their goods before transport will sharply raise shipping costs on major trade lanes and trigger delays in moving cargo through ports, according to a new report.

Confidence of Maritime Shipping Industry Sinks to New Low

March 29, 2016

Maritime Executive

Overall confidence levels in the ocean shipping industry fell to a record low in the three months ending February 2016, according to a survey by shipping advisory firm Moore Stephens.