Port container traffic is a way to evaluate the amount of product being imported and exported, and is therefore a good indicator of import and export volume as a whole. In addition, LA area ports work with around 40% of all port container traffic in the nation meaning that it is a strong indicator of […]
When an ocean bill of lading is issued, it will list the name of the ocean vessel which the container was loaded onto at origin. If you have ever noticed that a container arrived to a destination on a different vessel than what was listed on the ocean bill of lading, then your cargo was […]
To recover from congestion, ocean carriers seek double GRI’s On Wednesday, shipping lines in the eastbound pacific announced their intentions to raise ocean freight rates $600 per FEU (forty-foot equivalent unit) on March 9th, and also announced an additional $600 per FEU anticipated on April 9th. 15 of the largest container lines in the trades […]
Below are three events that are occurring in the area of India logistics currently. 1. Competing for ONGC Contract Several Indian Ocean Lines are competing for a 20 year contract with the Oil and Natural Gas Corporation (ONGC) which is owned by the state. The deal is expected to be worth 1.2 billion […]
The surge in LNG vessel adoption is anticipated to start in 2015 as many of these new ships are being ordered. Rising fuel prices have caused several carriers, both domestic and international, to seek alternative ways to cut fuel costs; especially as traditional fuels steadily rise. As we discussed earlier in about LNG technology, […]
Over the past few months as congestion and delays grew at West Coast ports, shippers using the West Coast ports began to divert more and more cargo to the East Coast ports in anticipation of a possible port strike and ongoing delays. Many in the industry believe it is likely that a portion of that […]
Ocean carriers are looking into accepting the TSA (Transpacific Stabilization Agreement) proposal regarding a peak season surcharge (PSS). This PSS would begin quickly – June 10th, 2012 so companies should prepare for this possibility. The peak season surcharge has been proposed since ocean carriers have been experiencing high volumes that are expected to […]
A chassis is a special trailer or undercarriage used to transport ocean containers over the road. The United States is the only large market where ocean carriers own and provide chassis to truckers to move containers. Several years ago, Maersk was the first ocean line to announce the decision to end its ownership of chassis. […]
Lower growth in China and a poor Eurozone economy has caused many major shipping lines to slash the number of sailings on the world’s busiest route between Asia and Europe. The peak season for container shipping is normally late summer as retailers gear up for the holiday season. A combination of lower demand, and large […]
Currently there is an oversupply of ocean capacity, and while this may sound like a good thing for shippers, ocean carriers are facing obstacles that may cause them to remove capacity drastically. Ocean carriers are facing rising costs paired with low rates, which decreases their profitability. The concern for the industry is that […]
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