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Monday, October 21, 2019

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  • Martin Rushmere (13) (X)

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The new normal for the Jones Act -- big profits?

Posted to Martin Rushmere (by Martin Rushmere) on December 30, 2013

There’s been a new twist to the Jones Act, sending another signal that it’s time for change. Money crunchers are making a huge profit from the artificial market in the domestic oil trade. ExxonMobil has chartered the Overseas Cascade at $110…

UNCTAD (PART II) World consolidation continues

Posted to Martin Rushmere (by Martin Rushmere) on December 12, 2013

The UNCTAD review shows just how much the industry and the maritime world have changed over the last five years. The industry trend of consolidation and trimming excess fat shows up in unexpected corners. The average number of shipping companies…

The power play starts at Los Angeles

Posted to Martin Rushmere (by Martin Rushmere) on November 26, 2013

When a minor cog in a political machine starts asking whether jobs will be lost at a port because of the drive for greater efficiency, you know there are real problems ahead. That in essence is the situation facing Los Angeles following the…

Shortsea is sailing under greater power

Posted to Martin Rushmere (by Martin Rushmere) on June 30, 2013

Potentially good news for US water-borne commerce. Shortsea shipping is again showing signs of renewed vitality. The first barges on the Stockton to Oakland “Marine Highway” have made their trip, loaded with animal feed. But the project is still the equivalent of a see-saw…

Fracking could be the new future for some ports

Posted to Martin Rushmere (by Martin Rushmere) on April 28, 2013

Northwest and as the door on a coal terminal closes, another opens for hydraulic fracturing (fracking). Gray’s Harbor, normally associated with autos and breakbulk, is eyeing a huge bonanza in the form of crude-by-rail. The stuff will probably come from the fields…

Civil engineers update their report card on ports

Posted to Martin Rushmere (by Martin Rushmere) on March 31, 2013

In what is essentially an update of a 2012 report, The American Society of Civil Engineers has awarded a C grade to the nation’s seaports and their efforts to keep up with essential maintenance and improvement. Much of the report I covered in…

The trans-Pacific group sets teeth on edge again

Posted to Martin Rushmere (by Martin Rushmere) on August 30, 2012

Hackles are rising over the 15-member “discussion” group, the Transpacific Stabilization Agreement, and its “discussion” that has led to an “adjustment” (when any authority speaks of an “adjustment”, you can be darn sure the price is going up) of the bunker charge of $17 per FEU to the West Coast…

Long Beach stands toe-to-toe with its bigger neighbor

Posted to Martin Rushmere (by Martin Rushmere) on June 28, 2012

A dramatic shift in financial bulk is taking place at the two main Southern Californian ports over the next 18 months. For the first time, Long Beach will be looking its neighbor, Los Angeles, in the eye. The two ports are standing virtually…

End of the voyage for FastShip?

Posted to Martin Rushmere (by Martin Rushmere) on March 28, 2012

FastShip has been an idea whose time has never come. In September, 2010 I reported that the ultra high-speed service to Europe was still waiting at the dockside for more money to get going. Matters were made worse by congress wanting to shift…

Cross-currents show up in the Harbor Maintenance Tax uproar

Posted to Martin Rushmere (by Martin Rushmere) on December 29, 2011

That proposal to apply the Harbor Maintenance Tax to imports taking the long way round through Canada and Mexico is stirring up considerable debate that exposes sharply different viewpoints. So much so that the Shipping Federation of Canada…

The ILWU and Panama pilots tie-up might not have the pulling power

Posted to Martin Rushmere (by Martin Rushmere) on September 23, 2011

The Panama Canal's Alberto Aleman Zubieta is doing the rounds of the maritime equivalent of the TV talk shows – annual conferences and conventions. Most recently he was at the South Carolina trade conference, where the audience pondered deeply…

Los Angeles and Gambol Industries Get Closer to the Rocks

Posted to Martin Rushmere (by Martin Rushmere) on December 2, 2010

Bond ratings for the Port of Los Angeles might just be getting a downgrade within the next year, and by extension, so will those for Long Beach. The Gambol Industries shipyard controversy will be the reason. Gambol's objections center on cost…

Long Beach Blows a Raspberry at Local Politicians

Posted to Martin Rushmere (by Martin Rushmere) on July 15, 2010

The principle of "One hand washing the other" might apply to Washington bureaucrats and politicians, but Long Beach port authorities are having none of it. The angst over the LB city council demanding an extra dollop of cash from the port for the Tidelands fund continues…