With more tonnage to be delivered next year, London-based shipping consultant Drewry says “the overhang of excess capacity [in the ocean freight industry] will be even greater than that experienced in 2009.”

Capacity growth was relatively stagnant across the three major east-west trades in the third quarter of 2015, as slowing global trade and an economic recession in China caused volumes to remain weak even during the summer peak shipping season.

Ocean carrier APL will launch a new service between North Asia and the West Coast of the United States Nov. 1 that will feature some of the most competitive transit times in the trade.

The less-than-truckload carrier will enter into an alliance with third-party logistics provider Mallory Alexander International Logistics, LLC to enhance its ocean forwarding offering.

The new, 13,300-deadweight ton vessels feature two cranes with a combined lifting capacity of up to 900 metric tons, with delivery to begin in the summer of 2017 and continue throughout 2018.

U.S. Customs and Border Protection agents at the Fort Lauderdale, Fla. port found over 615 pounds of the illegal narcotic hidden in a container that originated in Cartagena, Colombia.

The U.S. Commerce Department has reported that exports of goods and services in August decreased to $185.1 billion from $188.8 billion in July.

U.S. steel exports are down overall in 2015, thanks to an economic slowdown in Canada, which purchases about half of all steel exported from the United States, according to the American Institute of International Steel.

The third-party logistics provider entered into four, 10-year contracts, under which it will provide warehousing, store deliveries, e-commerce fulfillment, international distribution and 4PL services to four fashion retailers in the United Kingdom.

The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.