A diverse group of shippers is challenging fees that container lines and marine terminals impose for delays at US ports. But first the shippers need approval from federal maritime regulators. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
Shipping faces threat from EU of unilateral levy on carbon emissions
The shipping industry faces the threat of paying a levy to the European Union on its greenhouse gas emissions as lawmakers from the bloc grow increasingly impatient with the slow progress being made by the global effort to tackle the issue. The industry, which accounts for around 90 percent of goods transported globally, has rejected […]
BCG: Container industry overcapacity to increase through 2020
Based on trends from the last two years, growth in containership capacity will continue to outpace demand in the next few years despite record ship scrapping so far in 2016, according to a recent report from the Boston Consulting Group.
Japanese Shippers to Merge Container Operations; Shares Surge
Japan’s three biggest shippers agreed to combine their container operations to create the world’s sixth-largest box carrier, as the industry steps up consolidation this year amid a global turmoil in the sea-cargo business.
LA-LB terminals far from sure bet for investors
Marine terminal engineer Larry Nye has drawn up plans for container facilities around the world, but when it comes to choosing his preference for a US location, he doesn’t have to leave home. “Los Angeles-Long Beach is such a sure bet in terms of long-term demand,” he said. However, this sure bet of 15 million […]
Feds Give the Ocean Alliance its Approval
The Federal Maritime Commission (FMC) has concluded its review of the proposed OCEAN Alliance, allowing it to become effective on Monday, October 24, 2016.
West Coast Ports Evaluating Truck Congestion Alternatives
The marine terminals at the Ports of Los Angeles and Long Beach held a workshop with industry stakeholders over the weekend to evaluate potential alternatives to the current extended gates model used at the ports under the OffPeak Program.
Shippers look deeper than carrier losses to avoid next Hanjin
When shippers awoke on Aug. 31, they faced q new reality: Hanjin Shipping, along with many of its retail, manufacturing and other shipper customers, assumed the company’s main creditor, the Korean Development Bank, would blink and grudgingly accept the container line’s plan to tackle its $5 billion debt. They were wrong. The bank had had […]
LA-LB’s multifaceted big ship strategy shows work ahead for other US ports
The more than decade-long comprehensive effort mounted by terminal operators in Los Angeles-Long Beach to efficiently work the largest mega-ships shows other US ports have their work cut out for them, a Los Angeles port terminal operator said Monday. (This article requires registration at the Journal of Commerce. To access, please click on the above […]
Container shipping market has bottomed out, says Drewry
Hanjin’s receivership represents the trough of the container shipping market and despite continuing concerns of weak trade growth and fleet oversupply a gradual market recovery is now expected, according to the latest annual Container Forecaster and Review 2016/17 report published by global shipping consultancy Drewry.