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Increased volumes, wildfires hampering USWC intermodal operations

Seasonal surges in cargo demand, along with wildfire risks in California, have increased dwell times and slowed rail operations on the U.S. West Coast, according to an advisory from ocean carrier Maersk Line.

Shipping NewsPosted on: October 16, 2017

GPA announces sweeping port-wide infrastructure developments

At the annual State of the Port Address, Georgia Ports Authority (GPA) Executive Director Griff Lynch detailed the record cargo volumes at Georgia ports as well as future plans for transportation and logistics infrastructure improvements across the state.

Shipping NewsPosted on: October 13, 2017

HMM CEO highlights challenges of IMO sulfur cap

Meanwhile, ExxonMobil recently released a survey illustrating how the route to compliance with the International Maritime Organization’s 2020 limit on the amount of sulfur allowable in marine fuel is still unclear for many vessel operators.

Shipping NewsPosted on: October 13, 2017

Port of Oakland grows operating income, revenues in FY 2017

The Port of Oakland posted record operating revenues for the fiscal year, which ended June 30, thanks to higher operating revenues in all three of its business lines – aviation, maritime and commercial real estate.

Shipping NewsPosted on: October 13, 2017

Spot rates continue to decline on Shanghai-Europe, Med trades

Spot container rates from Shanghai to Europe have been continuously declining since the end of August, while on the Shanghai to Mediterranean trade, they have been falling since the end of July.

Shipping NewsPosted on: October 13, 2017

Port of Los Angeles grows monthly, quarterly TEU volumes

Empty containers drove up overall volumes last month at the Southern California port due to trade policy changes impacting waste paper exports to China, according to the Port of Los Angeles.

Shipping NewsPosted on: October 13, 2017

NYSHEX touts 99.6% fulfillment rate for ocean contracts

Thanks to its forward contract model, the digital booking platform offers shippers and carriers an extraordinarily high fulfillment rate over the traditional spot rate market, CEO Gordon Downes told CNBC Tuesday.

Shipping NewsPosted on: October 13, 2017

Virgin Group invests in Hyperloop One for cargo, passenger transport

The parent company of Virgin Atlantic Cargo has rebranded the futuristic technology known as Hyperloop One into Virgin Hyperloop One and is planning for a fully-functioning cargo and passenger transport system by 2021.

Shipping NewsPosted on: October 13, 2017

Drewry: World Container Index down 1% this week

Carriers are expected to attempt rate hikes for the second half of October, which should result in an upward rate movement next week, according to London-based maritime consultant Drewry.

Shipping NewsPosted on: October 13, 2017

UPS invests in Chinese shipping, delivery operations

UPS is enhancing services in 20 cities across China to provide greater, faster service coverage for Chinese exports, the parcel carrier announced Tuesday.

Shipping NewsPosted on: October 13, 2017

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  • Gemini Shippers joins coalition seeking suspension of detention and demurrage charges
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  • ONE reports $192 million loss in second quarter
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Fashion Accessories Shippers Association

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info@fasa.nyc
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