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Maritime News

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11/26/2014
The U.S. Government Accountability Office says the military should revise practices that cost taxpayers $823 million in fees over 10 years for late return of shipping containers, mostly for the war in Afghanistan. The GAO report said the Defense Department has made headway in minimizing detention penalties for late return of...
11/26/2014
With reports of more 18,000 TEU ships soon to be ordered as carriers continue to pursue lower operating costs, the focus is again turning to what the next largest class of ships would look like given the near-certainty that ship sizes will continue to expand. Ships of 24,000 TEU capacity, possibly...
11/25/2014
Carriers are proceeding with the largest single trans-Pacific eastbound rate increase in years but have only postponed making a formal announcement. JOC.com reported yesterday that a $1,000 per 40-foot container general rate increase was postponed until after carriers implemented $1,000 congestion surcharges. Carriers in the Transpacific Stabilization Agreement agreed to adopt...
11/25/2014
Increasing container dwell times are taking a toll at the ports of Los Angeles and Long Beach, further exacerbating congestion at the busiest U.S. port complex. Truck turn times in October were the worst on record in Los Angeles-Long Beach, even though container volume growth was modest. Val Noronha, president of...
11/24/2014
HONG KONG — The Philippine’ cabinet cluster on port congestion, directed by cabinet secretary Jose Rene Almendras, will gather for a port forum on November 27 in Manila as officials struggle to address the bottlenecks that have troubled the gateway since late February. This latest meeting comes just a week after...



 
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