Total container capacity supply by ocean carriers on the three main east/west shipping trades rose by an average of five percent in 2001 despite the recent attempts of several carriers to remove excess capacity, according to a report released this week by ComPair Data Inc., a global ocean shipping research and information technology firm based in Jacksonville, Fla. Several ocean carriers in the transpacific and Asia/Europe routes made capacity cut-backs in the last three months of 2001, according to the January 2002 World Liner Supply report from ComPair Data, leading to an average 1-percent reduction in east/west capacity. But those reductions did not outweigh the addition of substantial new vessel capacity early last year or the ongoing expansion of other carriers, which led to the overall annual capacity increase. Results of the January 2002 World Liner Supply report show that transpacific shipping lines have expanded capacity by three percent between January 2001 and January 2002. Transpacific capacity currently amounts to over 196,000 TEUs a week (equivalent to a yearly one-way capacity of 10.2 million TEUs), down six percent from the corresponding figures in October 2001, but up from capacity offered in January 2001. "Capacity growth has slowed down, but there are still concerns about a further rise in over-capacity in the major trades," said Hayes H. Howard, president of ComPair Data
Americas Systems has implemented a solution geared for the U. S. Customs 24-hour rule compliance, allowing ocean carriers and NVOCCs to comply with new EDI and information standards required by Customs for all shipments loaded on vessels calling at ports in the United States. Ocean carriers and Non-Vessel Operating Common Carriers (NVOCCs) must transmit shipment manifest data into Customs Automated Manifest System
Evergreen America Corporation, agents for global ocean carrier Evergreen, has moved U. S. headquarters to Jersey City, NJ , from Morristown, NJ, effective November 17. The move returns more than 200 jobs to Jersey City. The new address is 1 Evertrust Plaza, Jersey City, NJ 07302. For ten years, Evergreen America maintained its head offices at the Evertrust Building, which is owned by an Evergreen Group division, before moving to Morristown four years ago.
Network Pipeline has introduced Crew Vision 2001, an Internet-based personnel logistics database tool for use by fleet personnel departments in the marine industry. The new system can be used for commercial shipping lines and passenger cruise lines internationally. Based in Fort Lauderdale, Fla., Network Pipeline's Crew Vision system provides ocean carriers and passenger cruise lines with a paperless solution in regards to crew management.
B+H Ocean Carriers Ltd. Has acquired a 1993-built, 83,000 DWT Combination Carrier to be renamed MV SAKONNET for $36.4 million. The purchase, made effective as of January 15, 2006, also reflects the continuation of a five-year Time Charter which commenced in October, 2005. The purchase was effected through an existing tax lease structure with the Company as disponent owner through a bareboat charter party. Additionally
Evergreen Line announced it has been selected by Wal*Mart Stores Inc. as International Ocean Carrier of the Year for 2007-2008. The award is presented every year by the nation's leading retailer for service excellence in ocean shipping. The award was presented to Jay Buckley, Executive Vice President, Business, of Evergreen Shipping Agency (America) Corp., the U.S. agent for Evergreen Line, at Wal*Mart's headquarters in Bentonville, Ark
International maritime experts named APL the world’s best shipping line, and honored it for outstanding innovation. The Singapore-based container carrier received the Global Ocean Carrier of the Year award as well as the Innovation IT of the Year award here at the Containerization International awards. An eight-strong judging panel selected APL from a field of finalists including Maersk Line, CMA CGM and Hyundai Merchant Marine
USA Maritime, a coalition of ship owning companies, maritime labor organizations & maritime trade associations states its position. USA Maritime Chairman James L. Henry corrects reports about the efficacy of the U.S. Merchant Marine in delivering U.S. food aid and to comment on the detrimental effects of proposed changes to the Food for Peace Program (PL 480) offered in the Administration’s Fiscal Year 2014 budget. Excerpts from his statement are as follows:
Freightgate, Inc., announced that GeoLogistics has completed implementation of Freightgate's most recent release of Tariff-Trek!(tm) solution to manage its FCL and LCL contracts. Designed to be the flexible answer to the long-standing problem of ocean carrier service contract management, distribution and organization, Tariff-Trek! replaces countless pages of rates with an interactive, searchable web-enabled solution. The latest release adds increased efficiencies for surcharges
Horizon Lines recieves '2011 Platinum Carrier Award' for the 6th time in succession from Lowe's Company Horizon Lines, Inc., one of the nation's leading domestic ocean shipping companies, has been awarded the "2011 Platinum Carrier Award" by home improvement retailer Lowe's Companies Inc. Horizon Lines is the only Jones Act ocean carrier to receive a 2011 award from Lowe's for domestic ocean transportation service.
Ocean carriers’ plans to get rid of surplus 8,000 teu vessels by dumping them into the Asia – East Coast of S. America tradelane appears to have seriously backfired. The recent launching of MSC’s new Ipanema service in the middle of April
Horizon Lines, Inc. has announced that William A. Hamlin has been named Executive Vice President and Chief Operating Officer. In his new role, Mr. Hamlin will continue to report to Sam Woodward, President and Chief Executive Officer. Mr
Has the Panama Canal expansion already outgrown itself? How does the success or failure of the administration's export initiative impact your bottom line? Breakbulk is flourishing; what does that mean to your business? These questions and other hot topics will be the focal point of the
Evergreen Line, Pacific International Lines, Sinotrans and Yang Ming have announced cooperation in the China, Taiwan, and Australia trade commencing from Ningbo on June 7, 2013. The China-Australia-Taiwan (CAT) service will be operated with six vessels of 4,250 TEU
Average global freight rates have fallen to a 15-month low, according to Drewry’s new online Container Freight Rate Insight. Drewry’s Global Freight Rate Index fell 12% in April to reach its lowest level since February 2012, when container shipping was still recovering from the last
Ocean carriers cannot afford to operate services from Asia to Europe at rates which are between 25% and 30% lower than in January, says Drewry. Although the recent collapse of rates was excessive, it will not be reversed until carriers withdraw at least two more loops to North Europe –
Attempts by carriers to tackle the capacity overhang are being undone as new orders for Ultra Large Container Vessels (ULCVs) continue to make the headlines, according to Drewry’s monthly report Sea & Air Shipper Insight. The news that China Shipping Container Lines will join Maersk
The Containerization & Intermodal Institute (CII) organized seminar focuses on the Panama Canal, the update on U. S. export initiatives and breakbulk shipping. Michael Masserman, Executive Director for Export Policy, Promotion & Strategy, International Trade Administration
Descartes Systems Group announced that in conjunction with Nippon Automated Cargo and Port Consolidation System (NACCS) it has launched a number of education sessions around the world to help ocean carriers and forwarders prepare for the upcoming Japan Advanced Filing Requirement (AFR)
Come Jan. 1, 2014, the maritime industry in California faces a looming reality: ships must link up to port alternative maritime power (AMP). “Compliance is not optional,” said T.L. Garrett, vice president of Pacific Merchant Shipping Association.
Port of Long Beach (POLB) terminals saw a dramatic 37% increase in cargo in February 2013 compared to same month last year. The terminals moved 36.6 percent more containers compared to the same month one year ago ― including a nearly 46 percent surge in imports and a 17.2 percent jump in exports
George M. Jones joins Los Angeles Maritime Law offices of Charles D. Naylor. An experienced trial attorney, Mr. Jones brings to the firm more than 20 years of maritime law experience. “I’ve known George for almost 20 years, and amongst fellow maritime lawyers
INTTRA released findings of a global study of high-volume shippers and freight forwarders that included 4 of the top 5 global logistics providers. Four years of economic volatility have intensified pressure on carriers and shippers to seek new ways to reduce costs and have seen no relief
INTTRA release study findings that show 81% of surveyed ocean shippers look to cut costs through e-Invoicing in 2013. The findings were based on a global study of high-volume shippers and freight forwarders that included 4 of the top 5 global logistics providers.
New ships and new navigational technology play a part as Seaways report 2012 tonnage exceeds forecasts A number of newly built state-of-the art vessels came into service within the Seaway in 2012, boasting sharp increases in fuel efficiency and reductions in emission levels