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Port Freight

AAPA: MAP-21 Passage is Forward Progress

AAPA_100Year_tag.jpg

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 Welcomes FAST Act

Kurt Nagle, president and CEO of the American Association of Port Authorities (AAPA) Courtesy AAPA

  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


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


Asia to Northern Europe Shipping Rates Jump 177%

Photo by Maersk Line

 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


Asia-N.Europe Box Rates Dive 13 pct

The CMA CGM Ben Franklin loads cargo alongside the pier (file image: Marad)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 13.1 percent to $636 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. The shipping industry has been battling overcapacity linked to a glut of new vessels ordered during a boom period before the global financial crisis of 2007-2009.


Asia-Europe Box Rates Fall Again

File Image (Maersk)

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.


Asia-Europe Box Rates Slip 10 pct Last Week

A Maersk containership loading at berth (File image)

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


Scottish Exporters Bullish on New Shipping Service

BG Rotterdam. Photo: B.G. Freight Line B.V

 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


Asia-Europe Box Rates Soar 328 pct

A Maersk Containership (file image)

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


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


Transportation Electrification Arrives at the Waterfront

Credit: Clean Air Engineering - Maritime (CAEM)

Transportation electrification (TE) is starting to impact California like no other state, maybe unlike any other place in the world. Essentially, and eventually, TE depends on replacing gasoline and diesel engines with renewably generated electric power


Is Dry Bulk Still on Track for Profitability in 2019?

© Volodymyr Kyrylyuk / Adobe Stock

The dry bulk industry remains well on target for profitable freight rates in 2019, according to BIMCO. This relies however, on the projected fleet supply growth rate of 0 percent in 2017 continuing. The handymax segment may even see profits in 2018 as demand may go beyond 2 percent in 2017 before


Asia Tankers-VLCC Weighed by Excess Tonnage

File Image (CREDIT: AdobeStock)

MidEast, West Africa rates diverge; oil output curbs in Iraq and West Africa could weigh on tanker market.   Freight rates for very large crude carriers (VLCCs) are likely to remain under pressure with hire rates from the Middle East to Asia tracking lower in the face of excess tonnage in


New Intermodel from Antwerp Port to Rhine-Ruhr-Main

Photo: H&S Container Line GmbH

 The rail operator H&S Container Line is introducing an additional round trip between Andernach in Germany and the two container terminals in the Deurganck dock in the port of Antwerp.    H&S already operates on this route


Asia Dry Bulk-Capesize Rates to Climb Again

File Image (CREDIT: AdobeStock)

Number of spot capesize cargoes double from January levels; Pacific capesize earnings now around $14,000 per day.   Freight rates for large capesize dry cargo vessels on key Asian routes, which hit multi-month highs this week, are set to jump further next week on tight tonnage supply and


Asia Tankers-VLCC Rates Falling as Tonnage Outweighs Demand

File Image (CREDIT: AdobeStock)

Freight rates for very large crude carriers (VLCCs), which fell to five-month lows this week, are set to drop further as excess tonnage and an absence of port congestion weigh on the market, brokers said.   Supertanker charter rates, which are already below the breakeven levels for ship


Spot Freight Rates Soar from North Europe to Asia

Photo: Maersk Line

 Spot container freight rates from North Europe to China increased by 45 percent this week, reaching a four-year high.   The “World Container Index assessed by Drewry” market reading on the route from Rotterdam to Shanghai jumped to $1,076 per 40ft dry container today


Intermodel Usage Excels in Port of Gdansk

Photo: Port of Gdansk/Kacper Kowalski

 The Port of Gdansk  handled a total of nearly half a million trucks and almost 240,000 railway wagons in 2016.    In comparison to 2015, it was a leap of 43% in the case of trucks, and of 24% in terms of the intensity of rail traffic


Asia Dry Bulk-Capesize Rates Pressured Abundant Tonnage

File Image (CREDIT: AdobeStock)

Capesize rates from Western Australia to China at 8-week high; shipowners parking ships off South Africa to stop rates falling.   Freight rates for large capesize dry cargo vessels on key Asian routes could remain rangebound next week as abundant tonnage puts a ceiling on freight rates even


Asia Tankers-VLCC Rates Uncertain on Tonnage Woes

File Image (CREDIT: AdobeStock)

MidEast tanker rates fall to $22,000 a day, below breakeven; 52 VLCCs to be delivered this year, highest since 2011.   Freight rates for very large crude carriers (VLCCs), which fell to four-month lows this week, face an uncertain direction next week as refinery maintenance and excess


More Room for Asian VLCC Rates to Fall

Image: Ocean Freight Exchange

VLCC rates on the AG/Japan route tumbled by nearly w10 points within a day to w60 on Tuesday, after news of S-Oil placing Australis on subs for an AG/Onsan run at w54.75, loading March 13-15 basis 274kt, broke. Charterers went for the jugular


Hapag-Lloyd 2016 Profit Dips on Weaker Box Rates

File photo: Hapag-Lloyd

FY operating profit down 66 pct and freight rates down 15.4 percent in 2016. Company says merger benefits, cost cuts help.   German container shipping firm Hapag-Lloyd on Tuesday reported a 66 percent year-on-year fall in operating profit for 2016


Georgia Ports mark busiest month

The Ports of Savannah and Brunswick achieved a 26 percent increase in total tonnage in January, compared to the same month last year. Find print quality images here. (Georgia Ports Authority  Stephen B. Morton)

The Georgia Ports Authority achieved outstanding January results, with double-digit growth across all business sectors and a 26 percent increase in total tonnage.   "The Port of Savannah is unrivaled in its connectivity into the heartland of the U.S


Asia-North Europe Box Rates Up 7 pct

File Image: Credit Port of Boston

Container spot freight rates from Asia to Northern Europe rose 7 percent to $961 per twenty-foot equivalent units (TEU), the Shanghai Containerized Freight Index showed on Friday.    Freight rates from Asia to ports in the Mediterranean rose $38 to $882 per TEU


St. Louis Regional Freightway, New Orleans Port Sign MoU

Brandy D. Christian (Right), President and CEO of the Port of New Orleans, and John M. Nations, President and CEO of Bi-State Development, sign an MOU Feb. 23, 2017 at the Port Administration building between the Port and the St. Louis Freightway. Photo Port of New Orleans

The Board of Commissioners of the Port of New Orleans and the St. Louis Regional Freightway today entered into a Memorandum of Understanding (MOU) to exchange market and operational information with the goal of growing trade and building upon existing and new business relationships between the two






 
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