Fitch: U.S. Port Growth Steady as NAFTA Decision Looms
U.S. ports are positioned for another solid year of growth, though the Trump administration's evolving stance on both domestic and international trade is a long-term development worth a close watch, according to Fitch Ratings in its latest sector briefing. This after a strong 2017 in which ports on both coasts saw overall growth through the year. "Moving to larger ships and implementing operational alliances have helped drive volume growth on both coasts in 2017," said Emma Griffith, Director.
Container Fleets & Demand Growing in Step -BIMCO
For 2018, the world containership fleet is expected to grow in step with global demand, according to BIMCO’s latest container shipping market outlook. Having experienced falling freight rates from August to year-end in 2017, most liner companies were successful in pushing rates higher in early January 2018. Most of them managed to hold onto most of the gains they achieved, considering October and November were challenging in terms of very low demand growth. The weak demand came from the Far East to Europe trade, and on the Intra-Asian transport.
Annual Towing Forum Returns to SUNY Maritime
For nearly 20 years, leaders of the tug and barge industry in the region have converged on SUNY Maritime College in the spring to discuss current issues and initiatives facing the industry. This year will be no different; the 18th annual Towing Industry Forum will include presentations about safety management systems, wind farms and their impact on marine traffic, and a federal study regarding route planning and access to East Coast ports, among other topics. The forum, organized by the college’s Department of Professional Education and Training, will be from 8 a.m. to 1:30 p.m.
Mundra Port, Port of Montreal Sign Cooperative Agreement
On a trade mission to India, the Montreal Port Authority (MPA) has signed a Cooperative Agreement with Mundra Port, Gujarat State, north of Mumbai. This agreement aims to develop cooperation in marketing and business development while sharing information on marine operations and industry best practices. Mundra Port is India’s largest commercial port. A diversified port, it handles liquid and dry bulk and more than three million TEUs in annual container traffic. It is operated by Adani Ports and Special Economic Zone Limited (APSEZ).
Pacific International Lines Start Service in Far East - Red Sea Routes
Pacific International Lines (PIL), Singapore’s leading containership operator, announces two upgraded weekly services on the Far East – Red Sea service route. Done in collaboration with Ocean Alliance, the routes named RSS and RES will commence operations in March 2018, superseding the current three services RSS, RS3 and RS5. The route will be operated with a series of 17 x 11,000 to 14,000TEU vessels including its latest newbuilds, the 11,923TEU P Class in the service. The highly efficient and versatile P Class were purpose-built for Red Sea…
ZIM to Enhance its Asia to US East Coast and Gulf Services
ZIM Integrated Shipping Services Ltd (ZIM) has announcd an enhanced Asia to US East Coast and Gulf service offering, with seven different weekly services, extensive direct port-to-port coverage and best-in-market Transit time from key ports in Asia to US East Coast & Gulf. The full scale services offered by zim in this trade: ZIM Seven Star Express (Z7S), inaugurated in May 2015, a premium service from South China, Vietnam and India Sub continent to US East Coast, will be upgraded with a direct Port Kelang call, offering 24 days transit time to New York.
MOL Announces Launch of New Asia-USEC Service
MOL Liner Ltd. (MOL) announced a new service to expedite cargo moving from major Asian ports to key destinations on the U.S. East Coast, via the Suez Canal. From 2 June, the “SVS” (South China/Vietnam – the US South East Coast) service will be jointly operated by MOL and Evergreen. MOL will provide nine ships and Evergreen one ship, with the capacity range of 4,500-5,600 TEU per ship. The introduction of the new service will enable MOL to offer direct connections from Vietnam/South China/Singapore to the U.S.
CKYHE Alliance to Reorganize US East Coast Service
CKYHE Alliance, COSCON, “K”Line, Yang Ming, Hanjin and Evergreen Line, is reorganizing their service network for Asia-US East Coast trade in 2016. CKYHE Alliance will provide five Asia-US East Coast services (AWE1/AWE3/AWE4/AWE8/NUE) from early June of 2016. The Alliance members have re-designed the services to provide optimum port coverage from Asia to US East Coast with AWE1/AWE3/NUE services upsized & AWE4/AWE8 services re-structured in order to enhance the competitiveness of the Alliance.
Mediterranean Shipping General Rate Increase
Mediterranean Shipping Company announced a General Rate Increase that will affect westbound freight moving from the USA to Asia effective January 1, 2010.
CMA CGM Reshuffles Asia–USEC Services
CMA CGM announces the reshuffling of its services on the Asia – US East Coast trade. A service operated by CMA CGM with 11 vessels of 5 500 teus. A service operated by China Shipping, Evergreen and UASC with 9 vessels of 4 000 teus. The Columbus Suez service operated by CMA CGM and Maersk Line with 16 vessels of 8 100 teus remains unchanged. “The strengthening of our Asia / USEC loops means 3 departures a week and a wider geographical coverage.
UASC Expands in South America
United Arab Shipping Company (UASC), a leading container shipping line and emerging global carrier, has today appointed The Ultramar Group as its local liner shipping agency partner in Brazil, Argentina and Uruguay. This appointment is the latest milestone in UASC’s expanding presence in South America and will be instrumental to UASC’s growth plans. Ultramar has a long-standing, successful history in South America providing agency, ports and logistics services in 16 countries and covering all the main ports.
NYK Buys Stake in NY/NJ's Largest Terminal
NYK subsidiary NYK Ports, together with Macquarie Infrastructure Partners III (MIP III), has invested in Maher Terminals, which operates a terminal in the U.S. port of New York and New Jersey. On November 16, 2016, NYK Ports acquired a 20 percent share of Maher. The port of New York and New Jersey handles the most containers of any port on the East Coast of North America, and Maher is the largest terminal in the port with a handling capacity of 3 million TEUs annually. After construction to raise the Bayonne Bridge’s clearance is completed in late 2017…
GPA, VPA File East Coast Gateway Terminal Agreement
The Georgia Ports Authority and the Virginia Port Authority filed on Friday, Feb. The agreement encourages voluntary cooperation in the areas of operational and supply chain efficiencies, safety, communications and customer service. “The U.S. East Coast continues to see larger vessels and cargo exchanges since the opening of the expanded Panama Canal last year,” VPA CEO and Executive Director John Reinhart and GPA Executive Director Griff Lynch said in a joint statement. “Increasingly…
APS Stevedoring Hires New East Coast VP
APS Stevedoring LLS, auto and general cargo/break bulk stevedoring company headquartered in Long Beach, recently announced the appointment of Donald E. Rupert as its vice president East Coast. Reporting directly to President John Hering, Rupert will be in charge of developing and overseeing business opportunities for APS Stevedoring in the U.S. East Coast and Gulf regions. Rupert has more than 35 years in the transportation industry, having worked for such respected companies as P&O Ports, Hoegh Autoliners, U.S. Navigation, Maher Terminals and Roadway Express. apsstevedoring.com
Hamburg Süd to Launch New Asia-Americas Service
Beginning in April, Hamburg Süd is launching a new service network between Asia and South America West Coast, Mexico, Central America and the Caribbean. Concealed behind the service names ASPA and ASCA will then be a completely new product to replace the present partnership with other liner shipping companies (Vessel Sharing Agreement) in this trade. Customers will benefit from additional direct connections, higher sailing requencies, greater flexibility as well as shorter transit times.
MOL Joins 2M on Asia-ECSA Trade
Maersk Line announced that it has entered into Vessel Sharing Agreement (VSA) with Mediterranean Shipping Company (MSC) and Mitsui O.S.K Lines (MOL) on the Asia to East Coast of South America trade. Two loops are covered under the agreement and will be served by 22 vessels in total. Maersk and MSC are each running six 9,000 teu ships on loop one, with MOL operating ten 5,500 teu ships on the second loop. "Asia to the East Coast of South America is a key route for the transport of electronics and automobile parts…
MOL Announces Launch of New Asia-USEC Service
MOL announced a new service to transport cargo from major Asian ports to key destinations on the U.S. East coast, via the Suez Canal. The service is a direct result of MOL’s ongoing efforts to develop products with competitive transit times and industry-leading on-time performance. From June 2, the “SVS” (South China/Vietnam – the U.S. South East Coast) service will be jointly operated by MOL and Evergreen. MOL will provide nine ships and Evergreen one ship, with the capacity range of 4,500-5,600 TEU per ship.
CMA CGM Improves US East Coast Port Coverage
CMA CGM improves the US East Coast port coverage of its CAGEMA service. The CMA CGM Group is pleased to announce the reshuffling of its CAGEMA Main Liner service, linking the United States East Coast and the Caribbean, effective 9th September 2011. *The addition of two direct calls to New York and Jacksonville, enhancing port coverage of the US East Coast. Goods to and from Castries will be carried on the CAGEMA Inter Island feeder service, via Vieux Fort. El Guamache’s port will be served by the Caribraz service (linking the Caribbean to Brazil)…
MOL Enhances CSW Service between Asia and East Coast South America
Mitsui O.S.K. Lines (MOL, President & CEO: Junichiro Ikeda) today announced the enhancement of its Asia and East Coast South America trade by merging existing CSW and SW2 services to form a new CSW service. The existing CSW and SW2 services, which are operated jointly by MOL, Maersk Line (ML) and Mediterranean Shipping Company (MSC), will be merged into a new enhanced CSW service to strengthen the coverage between the major trading hub of Asia and key ports in the east coast of South America.
Expanded Panama Canal:
A Bang or Whimper for Supply Chains. The expansion of the Panama Canal has been heralded as a game changer for the maritime shipping industry. However, the impact of the expanded Canal is still unclear. The port community and shipping lines are placing costly bets on the outcome. Yet, the possibility of labor unrest, the economic downturn and the depressed shipping market have added more uncertainty into supply chain decisions. The expansion of the Panama Canal is, therefore, one of many issues forcing supply chain managers to re-evaluate current strategies.
Swiss Shipping Line and ACC Annouce Blue Alliance Shipping
Blue Alliance Shipping pools resources and many years of experience of the founding companies which combine their activities in the US-East Coast. The combined activities offer highly reliable RoRo liner services with an excellent customer service and benefit from the extended network of professional agents and partners throughout the USA and West Africa. Blue Alliance Shipping offers improved sailing schedules, perfect frequency and timing and a wider range of loading terminals on the East Coast of the USA to suit their customers.
CMA CGM: Refrigerated Cargo Costs Raised
As costs of bunker fuel, logistics and M&R continue to rise to record levels and to close the gap between breakeven and market rates, CMA CGM has decided to file a Rate Restoration Initiative (RRI) for reefer containers from the United States to Asia, effective October 1st, 2012.
Canadian Shipbuilding: East against West
According to a May 16 report from the Vancouver Sun, the Harper government is expected to release its long-term shipbuilding strategy in the coming weeks, creating two national centers to handle billions of dollars worth of contracts. The strategy could spark a high-stakes game pitting West Coast firms against East Coast companies in a winner-take-all contest. Vancouver-based Washington Marine Group and J.D. Irving on the East Coast will be asked to submit proposals to become…
ISS appointed as New Agent for Grieg Star Shipping
Inchcape Shipping Services (ISS) has been appointed as the new agent for the port of Houston by specialist transportation & logistic services company, Grieg Star Shipping. Houston is a major market for Grieg Star with two main trade lanes, North Europe to US East Coast and Gulf and Far East to US East Coast and Gulf, each requiring port calls for import and export activities. ISS already works with Grieg Star Shipping in the US at a number of ports including New Orleans, Baltimore, Beaumont, Corpus Christi and Philadelphia.
ZIM Upgrades Lines Structure
To improve its services and provide better solutions to market needs, ZIM is announcing a restructuring of its main services on major trades. The new, enhanced structure provides first-class services in the select trades the company is pursuing. The changes will commence in April 2017, offering customers an array of newly designed services catering to market needs, and providing efficient and viable solutions to customers’ evolving needs. ZIM is introducing a new service between Asia and the Pacific North West…
MacAndrews Revamps Portuguese Service
European multimodal transport provider MacAndrews & Company said it has optimized its established Portuguese services by offering a restructured service schedule, which now includes a new call in Algeciras, a second Dunkirk call and a weekly Figueira Da Foz call. The revised service provides a wider range of opportunities for customers looking to ship from the Iberian Peninsula to Northern Europe and beyond. The decision to initiate a new port of call at the South of Spain via Algeciras on the Portuguese service was to widen MacAndrews geographic reach.