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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


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


Asia-N.Europe Box Rates Hit 6-Year Low

file photo

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 23 percent to $342 per 20-foot container (TEU) in the week ended on Friday, a source with access to Shanghai Containerized Freight Index data told Reuters. Freight rates on the world's busiest trade route are now at the lowest level since the index began in 2009 and have more than halved this month. Overcapacity of vessels and sluggish trade are behind the fall.


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


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


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.


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.


Port Infrastructure Projects Underway in Virginia

U.S. Transportation Secretary Foxx breaks ground on major infrastructure projects at the Port of Virginia; federal funding supports reduced congestion in nearby neighborhoods   U.S. Transportation Secretary Anthony Foxx today joined Virginia Gov


Direct Cambodia-China Cargo on Course

Image: Sihanoukville Autonomous Port (SAP)

 Two Chinese shipping giants are likely to sign agreements with Cambodia's Sihanoukville Autonomous Port (SAP), paving the way for exporters to move cargo directly from Cambodia to China, Xinhua reported.  Both Cosco and China Shipping are expected to sign with Sihanoukville Autonomous


Asia Dry Bulk-Capesize Rates Steady

Brazil-China capesize rates hit seven-month high; Pacific capesize market dragged by buoyant tonnage supply. Freight rates for capesize bulk carriers are likely to hold steady next week although a rush of cargo in the Atlantic would again provide the trigger for rates to move higher


Asia-Europe Box Rates Down 23 pct

file image (Maersk)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 22.8 percent to $400 per 20-foot container (TEU) in the week ended last Friday, data from the Shanghai Containerized Freight Index showed.  


Container Ship Industry ‘Lucky to Break Even' in 2015,

Image: Maersk Line

 Global shipping consultancy Drewry predicts the container ship industry will be "lucky to break even this year" as shipping rates slump due to catastrophic overcapacity.   A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner


US Imports Rising Ahead of Back to School Season

Photo: Port of Los Angeles

Import cargo volume at the United States’ major retail container ports is expected to increase 7.3 percent this month over the same time last year as retailers stock up for the busy back-to-school season, according to the monthly Global Port Tracker report released today by the National


Maritime Solutions for the Big Apple’s Growth

Photo: U.S. Department of Transportation

Like most of our Nation’s major urban areas, New York City is experiencing growing pains. The Big Apple’s rising population means surging needs for freight and services, which have made congestion a common reality for the city’s more than 10 million daily commuters.  


TT Club Urges Immediate Action on Box Weighing

File photo

Provider of insurance and related risk management services to the transport and logistics industry TT Club said it welcomes the initiative of the World Shipping Council (WSC) in its recent publication of guidelines to the industry in relation to implementing the SOLAS requirements that become


2GO Mulls 25% Hike in its Revenue

Image:  2Go Group

 2GO Group, Inc. plans to boost profit by a quarter this year amid a sanguine outlook on its logistics, distribution, and express courier businesses, a company official said.   The company has set a P1.1-billion ($0.04billion) net income target this year


Seattle, Tacoma Ports Welcome State Transport Investment

Photo: Port of Tacoma

Washington State Legislature’s passed a $16.2 billion transportation investment package that ports of Tacoma and Seattle say will benefit the state’s economy by speeding the movement of cargo through the ports and freight corridors.  


Maersk Line Seeks to Raise Asia-Europe Freight Rate

Photo courtesy of Maersk

Maersk Line, the world's largest container shipping company, told its clients on Tuesday it would raise the freight rate from Far East Asia to Europe by $1,000 per 20-foot container (TEU) as of Aug 1. The company declined to say what the current rate was or what the new rate would be as numbers


$1.7 billion NOL Up for Sale. Will Hapag-Lloyd Buy?

Photo: NOL Group

 Singapore Sovereign Wealth Fund Temasek Holdings has put Neptune Orient Lines (NOL) up for sale, says a Wall Street Journal (WSJ) report.   The WSJ reported that Temasek was in talks with one buyer in recent months but the two sides could not agree on a price for the loss-making


Strong Half Year for Antwerp Port

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  The port of Antwerp handled 104,529,242 tonnes of freight in the first six months of this year, up 6.4% on the same period last year. The strong performance during the half year was mainly due to the impressive growth in container freight (up 9.5% in TEU and 7


Container Equipment Leasing Rates Hit Record Lows

Development of per diem rental rates and ex-factory prices for newbuild 20ft standard container placed on long-term operating lease (LTL), 2004-16 (Source: Drewry Maritime Research)

Container equipment rental rates came under renewed pressure in 2014 and by mid-2015 new dry freight pricing was at a 10-year low, while lease rates had fallen to an all-time low, according to the latest edition of the Container Leasing report published by global shipping consultancy Drewry


FMC Approves Northwest Seaport Alliance

Photo: Port of Seattle

Upon competitive review and analysis of the Port of Seattle/Port of Tacoma Alliance Agreement, the U.S. Federal Maritime Commission (FMC) has voted unanimously to allow the Northwest Seaport Alliance to become effective as scheduled on July 23, 2015.  






 
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