Mammoet lifts big pieces for Sasol plant in Louisiana Heavy-lift specialist Mammoet has completed the lifting and positioning of the two largest units of an $8 billion Sasol ethane cracker and related plants that will add to exports of polyethylene resins from the US Gulf region. The Sasol plants going up at Lake Charles, Louisiana, […]
Read More →Hapag-Lloyd second carrier to levy booking cancellation fee
on June 5, 2017in Industry News
Hapag-Lloyd second carrier to levy booking cancellation fee Hapag-Lloyd will charge Singapore-India shippers a late booking cancellation fee from June 9. Hapag-Lloyd will begin charging a booking cancellation fee for export shipments from Singapore to India from June 9, the second carrier this month to introduce a surcharge that has in the past been firmly […]
Read More →Brazil poultry shippers in a flap over Itajai port closure
on June 2, 2017in Industry News
Brazil poultry shippers in a flap over Itajai port closure This ship was one of the last to make it out of the port of Itajai before its closure. Shippers using the south Brazilian port of Itajai and other southern ports are facing expensive delays and storage costs as severe rainstorms and strong river currents […]
Read More →Trans-Pacific spot market ends four-week decline
on June 2, 2017in Industry News
Trans-Pacific spot market ends four-week decline Spot rates on the east-west trades took divergent paths this week. Spot market freight rates on the major East-West trade lanes were heading in different directions this week, with the trans-Pacific arresting a four-week decline and Asia-Europe losing its June 1 increases.On the trans-Pacific trades, the spot rate ended […]
Read More →Wastepaper exports find new markets as Chinese economy evolves
on June 1, 2017in Industry News
Wastepaper exports find new markets as Chinese economy evolves US wastepaper is sent to China for recycling and repurposing for a wide variety of uses. Although Northeast Asia, primarily China, remains by far the largest market for US scrap paper exports, commanding 83.7 percent of the trade, Southeast Asia and the Indian Subcontinent are growing […]
Read More →Spanish dockworkers to strike next week
on June 1, 2017in Industry News
Spanish dockworkers to strike next week Spanish ports such as Cadiz will come to a standstill next week. Spanish dockworkers will strike for three days next week to protest government plans to liberalize the hiring of workers in the nation’s ports. The dockworkers’ union said the strikes will take place on Monday, Wednesday, and Friday […]
Read More →Analysis: China to shape international trade via Belt and Road
on June 1, 2017in Industry News
Analysis: China to shape international trade via Belt and Road China’s investment in ports as far afield as Piraeus, Greece, hold serious implications for US corporations, consumers, and supply chains. Belt and Road’s potential impact on international trade — cargo volume and velocity, shipping routes, supply chain reliability and transparency — has strategic benefits and […]
Read More →Video: Spotmarket Alternative, NYSHEX Examined
on June 1, 2017in Industry News
Video: Spotmarket Alternative, NYSHEX Examined At TPM 2017, a panel discussion examined the New York Shipping Exchange, or NYSHEX, a new digital way of contracting that aims to address dysfunctional issues at the core of the current model. In an interview with JOC.com, CEO Gordon Downes discussed the problems this initiative aims to solve, and… […]
Read More →2017 volume on track to beat capacity growth
on May 31, 2017in Industry News
2017 volume on track to beat capacity growth Container shipping capacity growth has outpaced volume for the last several years. A full-year container volume forecast for 2017, revised upwards by Alphaliner after solid first quarter performance, could see global throughput growth beating container ship capacity growth for the second straight year, cutting further into the […]
Read More →New York eyes projects to handle rising rail traffic
on May 30, 2017in Industry News
New York eyes projects to handle rising rail traffic Less than 10 percent of the cargo leaving or entering the Port of New York and New Jersey moves via rail. A freight tunnel across New York Harbor, the expansion of intermodal rail terminals, and a range of track and rail yard upgrades are needed to […]
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