Ocean Freight

Current news, information and trends in the ocean freight industry covering freight lines, carriers, logistics and classification.

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By Jeff Berman · May 21, 2018
A wide-ranging report issued last week by the American Association of Port Authorities (AAPA) provides a detailed analysis into what needs to happen in order to meet the multimodal funding needs of United States seaports. The report, entitled “The State of Freight III: Rail Access + Port Multimodal Funding Needs Report,” like its predecessors, takes a deep dive on the needs of ports to effectively move goods into and out of their facilities by land and water, according to the AAPA.
By LM Staff · May 15, 2018
POLA handled 703,536 TEU (Twenty-Foot Equivalent Units) in April, which was down 1.3% annually compared to the 714,755 TEU recorded in April 2017, and POLB POLB April volumes were up 10.8% annually at 618,438 TEU. Imports saw an 8.4% annual gain to 312,376 TEU, and exports increased 22% to 141,799 TEU.
By Jeff Berman · May 15, 2018
United States-bound waterborne shipments saw some growth in April, albeit not at the same levels it hit in previous months, according to data issued this week by global trade intelligence firm Panjiva. April shipments, at 955,956, saw a 0.3% gain compared to April 2017, getting annual shipment growth back on a positive track, following March’s 0.2% annual decline. March’s annual decline was the first one going back to a 7.7% annual drop-off in February 2017.
By Patrick Burnson · April 26, 2018
INTTRA maintains that the ocean cargo industry has moved beyond the “digitization tipping point,” and is on the verge of advancing from innovation to action.
By Jeff Berman · April 25, 2018
CMA GGM said that the objective of this deal is to “grow its presence in the logistics sector, which is closely related to shipping.” And it added that the closing of this deal is subject to the completion of CEVA’s planned IPO on the SIX Swiss Exchange, which was announced on April 20, in addition to approval from regulatory authorities.
By Jeff Berman · April 13, 2018
Looking at the many facets that comprise the container shipping sector, it is fair to say that it is replete with many familiar themes, like overcapacity and rate pressures, as well as potential opportunities for future growth and stabilization. Those are a few of many takeaways in a report issued this week by global business advisor firm AlixPartners. The report, entitled “2018 global container shipping outlook: Though challenges remain, opportunities exist for carriers,” takes an in-depth approach to various factors prevalent within the sector.
By Jeff Berman · April 12, 2018
March shipments, at 858,809, were down 0.2% annually, marking the first annual decline going back to February 2017’s 7.7% annual decline, with both of these months volumes impacted by the timing of the Asian Lunar New Year, with Panjiva noting that the resulting shortfall in products arriving on U.S. shores in the following weeks. For the first quarter of 2018, Panjiva data indicated that shipments were up 6.9% annually at 2,816,997.
By Jeff Berman · April 5, 2018
Ocean container volumes in Northern Europe are seeing decent volumes, coupled with anticipated growth throughout 2018, according to the most recent edition of the the Global Port Tracker report from maritime consultancy Hackett Associates and Institute of Shipping Economics and Logistics. But at the same time, the report said that a fair amount of uncertainty and overcapacity remains.
By Jeff Berman · April 5, 2018
Federal Maritime Commission (FMC) Commissioner Rebecca Dye said earlier this week that the initial phase of the investigation into port demurrage, detention, and free time practices has commenced, with the FMC ordering ocean common carriers to provide information and documents to explain these practices, adding that this is also happening United States ports container terminals.
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By LM Staff · April 4, 2018
Florida’s geography is convenient to global markets and serves as the perfect conduit for Asia-focused container trade. Florida Ports, seaport white papers, Benefits of using florida ports
By Patrick Burnson · March 21, 2018
INTTRA, a neutral electronic transaction platform, software and information provider serving the ocean cargo community, announced today that it has added Korea's Namsung Shipping Co. Ltd. as part of its wide-ranging strategy.
By Jeff Berman · March 9, 2018
When assessing the current and future state of United States-bound retailer container shipments, there is a short-term outlook and a long-term outlook, based on the findings and takeaways of the Port Tracker report issued by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.
By Jeff Berman · March 7, 2018
Earlier this week, the Federal Maritime Commission said it voted to kick off an investigation that will focus on the practices of vessel operating common carriers and marine terminal operators related to detention, demurrage, and per diem charges. The investigation will be led by FMC Commissioner Rebecca Dye, whom will examine detention, demurrage, and per diem practices and evaluate five key issues.
By Patrick Burnson · March 5, 2018
A new partnership forged between two prominent global supply chain consultancies was announced today by Chainalytics and Drewry Supply Chain Advisors.
By Patrick Burnson · March 5, 2018
Mergers and acquisitions activities for ocean cargo carriers are likely to slow down in 2018, say industry analyts, as trend is likely to “pivot” to freight forwarders.

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