Feed items
The plan by Maersk Line, CMA CGM and Mediterranean Shipping Co. to form the world’s largest vessel-sharing alliance, which would control about 25 percent of the container volume in the trans-Pacific, presents great opportunity for U.S. ports, but also significant competitive risks.
In an attempt to influence the world’s three largest carriers that will make up the P3 Network and other lines to ship more containers through its port, the Los Angeles Harbor Commission in early November approved an incentive program that will pay carriers for every container they ship through the port in 2014 above what they shipped in 2013.
In Los Angeles-Long Beach, carrier tenants sign leases that commit them to a minimum annual guarantee of volume. In the alliance environment, any volume above that guarantee is in play for the other port.
Read the full article at the Journal of Commerce
After months of decline, Fairview Terminal saw a significant jump in traffic last month.
The total tonnage handled by the terminal in November increased 16.69 per cent year-over-year, from 43,532 TEUs in 2012 to 50,798 TEUs in 2013, with imports climbing from 25,286 TEUs last year to 28,940 TEUs this year, an increase of 14.45 per cent.
While the numbers for Fairview Terminal were strong in November, the same cannot be said for the other terminals under the Prince Rupert Port Authority umbrella.
Prince Rupert Grain was the only terminal to see a year-over-year increase, climbing 4.03 per cent from 566,010 tonnes last November to 588,806 tonnes this November. The terminal is up 12.5 per cent so far this year having moved 4.76 million tonnes compared to 4.24 million tonnes.
More at the Northern View
The 28,450-dwt Da Cui Yun has the capacity for 1,735 containers as well as general cargo. The multipurpose vessel operator posted net losses totalling CNY42.8 million (US$7 million) for January-September, and losses of CNY49.7 million during the same period a year earlier.A COSCO Shipping Co Ltd (Coscol) heavylift vessel has been detained in Singapore since Monday by legal representatives from Incisive Law for “unspecified reasons”, according to a document from the Singapore Supreme Court.
It said the company is not known to have any cash issues, although Coscol has faced mounting losses in recent quarters due to weak freight rates.
In 2011, several bulk carriers linked to China Cosco Holdings, the flagship unit of Cosco Group, were arrested in disputes over charter payments with a number of Greek shipowners.
More at SeaNews
Source: CTA Newsroom
Source: Herald-News
Source: TribTown
Source: Groton Patch
Source: Battle Creek Enquirer
Source: Politico
Please log in to view content
To view the content on this page, please log in to your account.
