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Port Freight

AAPA: MAP-21 Passage is Forward Progress

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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.”


AAPA to Testify at National Surface Transportation Commission Meeting

Stressing port industry concerns over the growing volume of freight moving over America’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


AAPA and GPA to Host Conference

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


POLB Named Best in N. America

The Port of Long Beach earned “Best Seaport in North America” honors at the 2013 Asian Freight and Supply Chain Awards in Beijing. The 2013 Asian Freight and Supply Chain Awards recently hosted in Beijing by the Cargonews Asia shipping trade publication, witnessed the 16th win in the past 18 years for Long Beach. The award recognizes the best ports as judged by importers, exporters, and logistics and supply chain professionals.


National Freight Advisory Approves Harbor Maintenance Tax

The National Freight Advisory Committee yesterday unanimously approved a recommendation to pass legislation that will ensure that the Harbor Maintenance Tax is utilized for its intended purpose - to keep the nation's harbors and channels dredged and maintained at their maximum authorized depth for the safe shipping of commerce. The resolution was championed by Paul C. LaMarre III, Executive Director of the Port of Monroe, Michigan.


Maersk to Bump Asia-Europe Rates

File photo: a Maersk containership

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


Panama Ready To Step Out On Its Own

As heads of state gather in Panama for Dec. 14 ceremonies in advance of the transfer of the Panama Canal on the Dec. 31, the small Caribbean nation of 2.8 million prepares to step out of Washington's shadow. Since the U.S.S. Nashville guaranteed Panama's independence from Colombia in 1903, the U.S. has maintained a military garrison in Panama and kept administrative control of the canal it built across the isthmus. For decades, Panamanian nationalists rallied to the cry of "one flag


AAPA Expresses Concern Over Stalled Contract

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 The American Association of Port Authorities today sent a strong message to Congressional Senate, House and Committee leaders, urging them to "take swift action" to avert a rail strike on Dec. 6, which would lead to a discontinuation of freight rail service, potentially costing American businesses and consumers $2 billion a day.   "Railroads are a vital component of the freight transportation system and are critical to international trade and goods movement


Mediterranean/N.American Freight Rate Stagnancy

Image credit APM

Ocean carriers were unable to increase freight rates between the Mediterranean and North America from November to January due to continuing poor vessel utilisation and the approaching threat of P3, according to the latest edition of Drewry's Container Insight Weekly. Westbound According to Drewry’s Container Freight Rate Insight, the average all-in freight rate quoted to forwarders for spot cargo from Genoa to New York remained a poor $1,950/40ft throughout.


U.S. Port Delay Boost February Air Freight

Global air freight volumes rose 11.7 percent year-on-year in February, driven by the Chinese New Year, the International Air Transport Association said on Wednesday. Freight volumes traditionally increase in the weeks leading up to the holiday, which last year occurred in January, while congestion at U.S. ports also boosted the results. Asia-Pacific carriers saw freight volumes rise 20.8 percent, while North American carriers reported an 8.7 percent rise.


Vale Concludes Sale of VLOCs to Cosco

Vale Brasil. Photo by Vale

 Brazilian miner Vale has completed the sale of four other large iron ore carriers to China Ocean Shipping Company (Cosco), which was agreed last September.    This transaction is related to the agreement signed with Cosco on September 12, 2014.  


Antwerp Port Launches Breakbulk Application

APCS is the network of systems and solutions for electronic communication in the port of Antwerp.

  Port of Antwerp has launched breakbulk application for more efficient freight handling. Antwerp has long been the breakbulk port par excellence in Europe. This status finds expression each day anew in a flexible range of high-quality services tailored to the requirements of the customer


Asia Dry Bulk-Capesize Rates Mixed on Uncertainty

Capesize rates slide after hitting 5-month high. Rates for capesize bulk carriers eased this week after hitting their highest since December, and could come under pressure next week if charterers hold back cargoes, ship brokers said. "So far, I can't see too much cargo in the market


Shipping Freight Rates Drop Amidst Overcapacity

file image: a containership docked at the port of Oakland, CA

Shipping freight rates on the world's busiest route, from Asia to Northern Europe, fell by the largest percentage amount since 2008, reflecting wild volatility in the market as vessel operators continue to wrestle with overcapacity. Rates for transporting containers from Asia to Northern Europe


Signet Continues US Expansion

Signet continues Gulf of Mexico expansion and opens U.S. East Coast office; awarded multi-vessel contracts - containers to Caribbean ports   Signet Maritime Corporation informs it has completed Phase II of a $250 million capital expansion program with the acquisition and integration of the


Torm Posts First Quarterly Profit in Five Years

TORM Ugland (Photo: Torm)

Debt-stricken Danish tanker operator Torm has posted its first quarterly net profit in five years thanks to higher freight rates. The company swung to a net $8.6 million profit in January-March compared with a net loss of $222.6 million in the first quarter last year.


Hapag-Lloyd Sees Profit Jump in Q1

Photo: Hapag-Lloyd

Hapag-Lloyd generated a profit in the first three months of this year, and concluded the first quarter with a profit of EUR 128.2 million (prior year period: EUR -119.1 million). EBITDA reached EUR 283.6 million (prior year period: EUR 2.9 million) and the underlying EBIT was EUR 160


CaroTrans Adds Direct Montreal-Le Havre Service

Canada to Northern Europe connection sails May 22   Global non-vessel operating common carrier (NVOCC) and ocean freight consolidator CaroTrans today announced a new weekly less than container load (LCL) service from Montreal to Le Havre, France. This direct service has a 14 day transit.


Hapag Lloyd Back in the Black

Image: Hapag-Lloyd AG

 German container line Hapag-Lloyd has defied the challenging market environment in the containership market and returned to profit in the first quarter of 2015 euros as a stronger dollar and lower bunker prices helped to offset weaker freight rates.  


Asia Dry Bulk-Capesize Rates Steady

Rates for capesize bulk carriers, which climbed to their highest since at least January on Wednesday, are likely to remain steady next week on tighter tonnage supply, ship brokers said. That comes as charterers could hold back cargoes to cool this week's rise in freight rates


Crude Oil Tanker Market Weakened, says OPEC

Graph provided by OPEC

 Crude oil tanker market sentiment weakened in April as average spot freight rates dropped on most reported routes, OPEC said in its latest monthly report.   On average, dirty tanker freight rates were down 8% from the month before


Drewry Expects Dry Bulk Shipping Recovery in 2017

Graph: Drewry Dry Bulk Forecaster

 Despite a modest recovery in earnings anticipated over the next two years, the dry bulk shipping market is not expected to return to profitability until 2017, says the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.  


Asia-N.Europe Box Rates Plunge 23.6 pct Last Week

File image: a containership docked at a U.S. West Coast Terminal.

Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 23.6 percent to $658 per 20-foot container (TEU) in the week ended on Friday, data from the Shanghai Containerized Freight Index showed. The drop in freight rates on the world's busiest shipping


ICTSI Laguna Dry Port Expansion

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  International Container Terminal Services, Inc.’s (ICTSI) dry port unit, Laguna Gateway Inland Container Terminal (LGICT), recently broke ground to start the expansion of new facilities which include extended and dedicated storage areas for loaded and empty containers


Maersk Line to Increase Asia-Europe Rates

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Shipping company Maersk Line, owned by A.P. Moller-Maersk, plans to increase freight rates for transporting containers from Asia to Northern Europe by $800 per 20-foot equivalent unit (TEU) from June 1, it said on Tuesday. With a fleet of more than 600 vessels






 
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