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Retail Container

Strong Growth in Merchandise Imports to Resume in Fall

Import volume at the nation’s major retail container ports is expected to increase a modest 1.1% in July over the same month last year but a slow summer should be followed by significant increases as retailers head into the holiday season this fall, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “With the economy recovering slowly, retailers have been cautious with imports this summer but it’s clear that they expect an upturn later in the year,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Import numbers have been close to flat since spring, but we expect to see stronger increases this fall.” Cargo import numbers do not correlate directly with retail sales or employment because they count only the number of cargo containers brought into the country, not the value of the merchandise inside them. But the amount of merchandise imported nonetheless provides a rough barometer of retailers’ expectations. U.S. ports followed by Global Port Tracker handled 1.38 million Twenty-foot Equivalent Units in May, the latest month for which after-the-fact numbers are available. That was up 1.2% from April but only 0.6% from May 2012. One TEU is one 20-foot cargo container or its equivalent.


Retailers Stocking Up Ahead of Holiday Season

Import volume at the nation’s major retail container ports is expected to grow 5.1% in September over the same month last year as retailers head into the holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. “Retailers are making up for the slow imports seen earlier in the year,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said


NRF: Imports Rising as Strike Looms

file photo taken by K. Sweeney

Retail Imports to Increase 2.3 Percent in January as Port Strike Threat Continues.   Import cargo volume at the nation’s major retail container ports is expected to increase 2.3 percent in January over the same month last year as retailers continue to urge labor and management to avoid a strike at East Coast and Gulf Coast docks, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.  


Retail Imports to Increase 2.3 Percent in March

 Import cargo volume at the nation’s major retail container ports is expected to increase 2.3 percent in March over the same month last year despite federal spending cuts that could slow down cargo processing, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Retailers are aware of the impact of the cuts on Customs operations at the ports and are working to plan accordingly so the impact on


Retailers Remain Cautious on Merchandise Imports

Import volume at the nation’s major retail container ports is expected to increase 1.1% in June over the same month last year, reflecting modest growth expectations as retailers head toward the back-to-school and holiday seasons, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “With the economic recovery moving slowly, retailers are being cautious this summer and could hold off on stocking up for the


U.S. Retail Imports Expected to Rise

Import volume at the nation’s major retail container ports is expected to grow 1.8% in December over the same month last year, and the year should end with an increase of 2.3% over 2012, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Imports have seen good growth over last year and retailers are well-stocked as the holiday season continues


Retail Container Traffic to be Up Six Percent

 Import cargo volume at the nation’s major retail container ports is expected to be up 11 percent in February over the same month last year and the first half of 2011 should be up six percent over the same period in 2010, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.   “Strong growth in 2010 has retailers cautiously optimistic that the economic recovery is finally taking hold


Retail Imports to Rise in March

Containership_Marad.jpg

Import volume at the nation’s major retail container ports is expected to increase 12.4 percent in March as retailers begin to stock up for the spring and the summer season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Retailers are bouncing back from the annual post-holiday slowdown and getting ready for the surge in activity that comes each year as the weather warms up


Imports Rising as West Coast Issues Continue

NRF Vice President for Supply Chain and Customs Policy Jonathan Gold

Year-over-year import cargo volume at the nation’s major retail container ports is expected to continue to rise during most of the first half of 2015 despite significant congestion still impacting West Coast ports, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Now that a federal mediator is on the scene, we hope the mediator will be able to help the parties quickly reach a new contract so we can


Imports Rising as Threat of West Coast Ports Shutdown Looms

Photo: MARAD

Import cargo volume at the nation’s major retail container ports is expected to rise 10.1 percent this month over the same time last year even as West Coast ports come closer to a possible shutdown due to the lack of a contract with dockworkers, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “With cargo volume growing as the economy continues to recover


Asia-Europe Box Rates Plunge 27 pct

Image: file photo (Maersk)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 26.7 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.


Larger Ships, Demand Driving Port Investment Boom

APM Terminals Mobile Alabama (Photo: APM Terminals)

Rising global container port demand and ever larger vessels are driving terminal operators to make significant investments in additional capacity, according to the Global Container Terminal Operators Annual Report 2015 published by global shipping consultancy Drewry.


Cosco Pacific Profits up 12%

Photo: COSCO Pacific Ltd

 Major terminal operator Cosco Pacific has reported a 12% on-year increase in net profits for the first half of this year to nearly $164.4m on good cost control and optimisation of management efficiency.   However the revenue of the port and box leasing unit of Chinese state


Hapag-Lloyd Swings to Profit in H1 2015

Photo:  Hapag-Lloyd

 German container carrier Hapag-Lloyd is starting to see the commercial benefits of its integration with the container shipping arm of Compañía Sud Americana de Vapores (CSAV), which is now expected to deliver larger synergies than initially anticipated.  


Ship of the Future: Container Feeder

(Photo: Deltamarin)

More Cargo, Less Fuel, Greater Flexibility are Design Hallmarks Deltamarin debuted a design that it dubs the first state-of-the-art container vessel of its series, the A.Delta2300. With extensive R&D the maritime design house delivers what it believes to be a 'best-in-class' design


July Surge Leads Long Beach to Record Volumes

Photo: Port of Long Beach

Cargo container volumes surged through the Port of Long Beach in July, with an 18.4 percent increase over the same month in 2014, making July a record month in the port’s 104-year history.   Previously, the port’s best year was 2007, just before 2008’s recession


Port of Virginia Cargo Volumes Mount in July

Photo by Virginia Port Authority

 The Port of Virginia handled 226,000 TEUs in July, the highest amount ever recorded for that monthly period in the port''s history.   The Virginia Port Authority, which operates terminals in Portsmouth, Newport News and Norfolk, reported Thursday that 225


Maersk Cuts Growth Forecast

Photo: Maersk Line

 Though the Danish conglomerate AP Møller-Maersk posted higher-than-expected earnings, it has cut its forecast for global trade growth and abandoned several medium-term profit forecasts, as per a report in FT.   Maersk overcame low oil prices and freight rates in its container


Asia-Europe Box Rates Plunge Again

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 23.2 percent to $640 per 20-foot container (TEU) in the week ending on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.


Singamas Depots Damaged in Tianjin blast

Picture: Singamas Container Holdings Limited

 Container maker and logistics player Singamas Container Holdings says that some of its container depots operated by its Singamas Logistics (Tianjin) (SLTC) unit, were damaged in the explosions at Tianjin Port, reports Reuters.  


Hamburg 2015 Port Forecasts Revised Downward

Photo: Port of Hamburg

The Port of Hamburg Marketing Association has slashed its forecast for container volumes at Hamburg's port, a hub for eastern European trade, due to weakening growth in China and shrinking trade with Russia. The association said on Monday it now expects container volumes to fall 7 percent to 9


Tianjin Explosion Highlights Growth of Accumulation Risks

The recent catastrophe at the port of Tianjin in China resulted in the loss of at least 100 lives and many more people are still missing. It is far too early to speculate on the cause, but the explosions left extensive physical damage as well as the appalling loss of life.  


Maersk to Boost Asia-Euro Box Rates Sharply

File Image (Maersk)

The world's largest container shipping company, Maersk Line, plans to raise spot freight rates sharply on main routes from ports in Asia to ports in northern Europe, with effect from Sep 1, the company said. Spot rates for twenty foot equivalent unit containers (TEU) will rise by $1,000


Brookfield Acquires Australian Port and Railroad Operator for $8.6-billion

Patrick Terminals and Logistics. Photo: Asciano Limited

 A group lead by Brookfield Infrastructure Partners, a global asset manager, had reached an agreement to buy the Australian port and railroad operator Asciano for about $8.8 billion in cash and stock, and that it was shopping for ports farther afield in a push to expand, reports NY Times.


India to sell 5% stake in Dredging Corp

Photo: Dredging Corporation of India

 India will sell 5 per cent of its stake in the country's largest dredging company, Dredging Corporation of India (DCI).    The government will sell up to 1.4 million shares of face value of Rs 10 each, representing 5 percent of the total paid up equity share capital of the company






 
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