America’s Ports, Freight System Recognized in MAP-21 Surface Transportation Bill Reauthorization. With congressional passage today of MAP-21 (Moving Ahead for Progress in the 21st Century), the American Association of Port Authorities (AAPA) says elements in the two-year, $105 billion surface transportation reauthorization bill elevate the priority of freight movement in a way that constitutes major progress in recognizing the value of America’s seaports and freight network to the economy, jobs creation and business development. The bill, which includes important language in support of maintaining federal navigation channels and creating a national freight plan, authorizes and funds transportation programs at current levels through the end of fiscal 2014. AAPA Executive Vice President Jean Godwin said the association and its member ports have fought “long and hard” for many of the provisions agreed to in this bill. “For the first time, a surface transportation reauthorization includes consideration of the water transportation mode and elevates goods movement priorities that have traditionally been ignored in previous surface transportation bills,” said Ms. Godwin. “This legislation demonstrates meaningful progress toward creation of a national freight policy and highlights the critical importance of fully funding the costs of maintaining America’s federal navigation channels.”
President Obama is today, expected to sign a five-year, $305 billion transportation reauthorization bill that Congress overwhelmingly passed yesterday which includes $11 billion in new freight funding grants and programs and other top priorities among America’s seaports. The Fixing America's Surface Transportation (FAST) Act (H.R. 22) is the first long-term transportation bill in 10 years, and the first ever to make freight a priority and significantly focus on port
Stressing port industry concerns over the growing volume of freight moving over Americaâ€™s already congested transportation system, American Association of Port Authorities (AAPA) Executive Vice President and General Counsel Jean Godwin will go before the National Surface Transportation Policy and Revenue Study Commission on March 19 to urge Commission members to recognize the importance of efficient port access when making recommendations to Congress to address future surface
Asia to Northern Europe shipping freight rates for transporting containers jumped by 177.3 percent to $1.109 per 20-foot container (TEU) in the week ended on Friday, reports Reuters, quoting data from the Shanghai Shipping Exchange. As all major container shipping lines implemented a price hike announced earlier, the freight rates rose nearly three-fold. Freight rates on the world’s busiest shipping route have tanked this year due to overcapacity in
Freight rates for shipping containers from Asia to northern Europe fell 10 percent to $233 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the fifth consecutive week of falling freight rates on the world's busiest route. Rates are at their lowest since June 19, and widely seen as at loss-making levels. Rates dropped 20 percent from Asia to ports in the Mediterranean
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 13.9 percent to $469 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the fourth consecutive week of falling freight rates on the world's busiest route, and the current level is widely seen as loss-making to shipping companies.
The American Association of Port Authorities (AAPA), in coordination with the Georgia Ports Authority, will host the seminar Communicating the Importance of Infrastructure Investment, June 21-23, at the Hyatt Regency in Savannah, Ga. Targeting public and government relations professionals throughout the freight transportation industry, the conference will focus on effectively communicating with policymakers, and those who influence policy
Container shipping company Maersk Line, a unit of Danish conglomerate A.P. Moller-Maersk , plans to raise freight rates sharply on main routes from ports in Asia to ports in northern Europe, with effect from Nov 1. Rates for twenty foot equivalent unit containers (TEU) will rise by $900, Maersk Line spokesman said after the company sent a letter to clients. According to the Shanghai Containerized Freight Index, twenty foot rates from Asia to Europe stood at $705 this week and it is
As the shipping operator BG Freight Line is set for a new freight service connecting the links, Scotland’s food and drink, chemical and manufacturing industries are looking for a boost. BG Freight Line, wholly-owned by Clydeport owner Peel Ports, has extended its Irish Sea network with a new service connecting Rotterdam, Liverpool, Belfast, Dublin and Greenock. The route, which will also take in Belfast
Shipping freight rates for transporting containers from ports in Asia to Northern Europe surged 327.7 percent to $988 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. The fourfold increase was the result of planned rate increased announced earlier in October by the majority of the largest shipping companies. In the week to Friday
Amazon.com Inc is aggressively expanding its logistics operations in China as part of a broader effort to control the rising cost of shipping billions of packages. Its plans in China, outlined in filings there, include handling cargo and customs for goods headed to ports in Japan
Landside freight transportation funds would increase; navigation, port security and emission reduction funds would drop The American Association of Port Authorities (AAPA) said today it is encouraged by the potential of significant gains for landside freight transportation programs
The Port of Hamburg reports higher bulk cargo throughput and strong growth in rail and inland waterway seaport-hinterland traffic in 2015 – downturn in container handling. In 2015 seaborne cargo throughput in the Port of Hamburg was 5.4 percent lower at 137.8 million tons.
Maersk Line posted a steep decline in profit last year to $1.3bn, well down from the 2014 result of $2.3bn and below its most recent forecast as freight rate declines accelerated in the latter stages of 2015. The net profit of Maersk Group in 2015 amounted to 0
Global liquefied petroleum gas (LPG) export volumes for the calendar 2015 reached 80 million metric tons, an 11 percent increase over the previous year. U.S. LPG exports alone reached a record of nearly 21 million metric tons
Freight volumes at the Port of Gothenburg for 2015 increased by more than one million tonnes – up from 37.1 million in 2014 to 38.2 million last year. The number of cars shipped rose by 29 per cent whilst container volumes fell by two per cent
CaroTrans, a global non-vessel operating common carrier (NVOCC) and ocean freight consolidator, has entered a partnership with Thrutainers International, an established NVOCC in South Africa. This cooperation creates a U.S.- Sub-Saharan Africa import/export LCL service network in this important
China's Cosco is among investors expected to bid for the development and operation of a freight centre with access to the national railway network and Greece's largest port in Piraeus, a government official told Reuters on Wednesday.
Western Australia-China rates hit near 17-year low; owners explore laying-up ships. Freight rates for capesize bulk carriers on key Asian routes should remain flat next week as the Lunar New Year holiday in China will curtail chartering activity, shipbrokers said on Thursday.
Antwerp Port Authority today made a partnership agreement with the Industrial and Commercial Bank of China (ICBC). The Memorandum of Understanding was signed last week at the official opening of the ICBC’s Antwerp branch in Brasschaat Castle
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 8.1 percent to $431 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.
China's COSCO already the sole bidder for Greece's Piraeus Port. Buying both would give COSCO a European transhipment hub. China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said
French container line CMA CGM has announced imminent changes to its PCRF line service which links Northern Europe with the French West Indies, by adding two new calls at Zeebrugge and Rotterdam and increasing freight capacity on the route.
International delegation in Malmö discussed future transport systems for European Ports Discussions surrounding future transport systems were in focus when Pat Cox, European Coordinator for the ScanMed Core Network Corridor, visited Copenhagen Malmö Port on Monday.
North America’s largest mining, manufacturing and agricultural companies have helped identify four top priorities to improve the competitiveness of Great Lakes shipping, and as a result, the prosperity of the entire region. These priorities will be the Chamber of Marine