Lower per barrel prices pushed down the value of crude oil shipped to and from the United States by vessel and pipeline within North America, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.
Ocean carriers launch loop between China, Korea and Russia
The new weekly China Russia South service operated by Hyundai Merchant Marine, FESCO and CMA CGM merges two prior loops.
Containership splits in two off Keelung
The hull of the TS Taipei, which has been grounded off the coast of Keelung, Taiwan since March 10, cracked down the middle yesterday, spilling fuel and putting the containership at risk of sinking.
Seaspan CEO: U.S. East Coast ports unprepared for larger vessels
“You want the volume to come, you want big ships to come, but you just don’t have the infrastructure to handle them,” Seaspan Corp. Chief Executive Gerry Wang said of the larger vessels that will soon be able to transit the expanded Panama Canal.
Report: China Shipping reneges on environmental commitment after getting L.A. port subsidy
The Chinese container line received a large handout to help upgrade vessels with anti-pollution technology, but has since routed the vessels to ports in other parts of the world instead, according to a report from the L.A. Times.
CMA CGM to route ships on its PEX3 loop around Africa
The French ocean carrier appears to be participating in a recent trend by lines to skirt canal fees by sailing around the Cape of Good Hope at the southern tip of Africa.
SCFI rises for first time in 2016
However, freight rates are still struggling and, according to shipping research and consulting firm Drewry, although consolidation may be a route to survival for some carriers, it can also create challenges.
CBP opens 6 more import compliance centers
All 10 U.S. Customs and Border Protection Centers of Excellence are now fully staffed and operational to handle entry summary work for major industry sectors.
Ohio senator questions Corps’ cut in Cleveland dredge funds
The chairman of the Senate Permanent Subcommittee on Investigations is seeking answers to why the Army Corps of Engineers’ budget to dredge the Cuyahoga River Ship Channel for the Port of Cleveland was cut by more than a third.
Port of Oakland continues box rebound in February
The Port of Oakland’s total container volumes (both full and empties) stood at 188,139 TEUs for the month, a 54.2 percent increase from February 2015.