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Ocean Transportation: Page 158

Gains Seen in Dry Bulk Shipping May Fade in Second Half of 2016

Shipping rates for vessels transporting commodities such as coal, iron ore and grains racked up impressive gains in the first quarter of 2016 after hitting record lows, but the rally could flatten out into the second half as the macroeconomic outlook remains uncertain, according to IHS Inc.

Aye, Aye, Captain Robot

Last week, the Rolls-Royce led Advanced Autonomous Waterborne Applications Initiative (AAWA) project presented its first findings at a conference in Helsinki, expressing high hopes for vessel automation in commercial service -- and predicting that it will arrive soon.

U.S. Imports See Steady Climb, But Not Likely to Reach 2015's Record Numbers

Import cargo volume at the nation's major retail container ports has begun its annual climb toward summer levels but is expected to be largely flat when compared with last year's record high numbers, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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Ports Far Outspend U.S. Government on Their Infrastructure Upgrades

The American Association of Port Authorities suggested that its member ports intend to spend over $150bn in combined infrastructure investments by 2020 - contrasted with a "best-case" government investment in port-related freight infrastructure of only $25bn over the same period.

Leaving EU Could Damage British Shipping Industry

If Britain votes to leave the European Union, the country's shipping sector faces years of disruption as trade agreements get reworked and currency volatility leads to higher costs at a time when the industry is battling its worst global downturn.

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Rates in Container Shipping Industry Expected to Continue to Fall

Shipping consultants Drewry have released their container shipping review for the first quarter 2016, and the outlook does not look positive.

Inchcape Shipping Services Expands in Mexico

Inchcape Shipping Services has opened a new office in Veracruz, Mexico.

CMA CGM Expands in West Africa; Upgrades Ethiopian Services

CMA CGM is augmenting its container services linking the West African coast with Europe, Asia, the Middle East and India.

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Weft Launches Real-Time Rank of Global Container Ports

Weft has developed a real-time ranking of global container ports. It is intended to provide companies with data related to such processes as procurement, contract negotiations and other shipment-planning decisions.

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Import Growth Seen at U.S. West Coast Ports Outstrips That of East Coast Seaports

U.S. import volumes, measured in TEUs, have rebounded at West Coast ports so far this year. Imports through the port of Los Angeles increased 36 percent January through February of 2016 and 30 percent through the port of Long Beach, compared with the same time period in 2015, according to findings from Datamyne, which provides web-based international market intelligence.

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How Technology Is Boosting Risk Levels at Ports and Terminals

Without question, technology has been a boon to global trade. But it's also responsible for raising the risk factor at every stage of the supply chain - and especially at ports and terminals.

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Ocean Container Weight Verification Requirement May Greatly Boost Shipping Costs, Study Finds

An impending international requirement that shippers verify the weight of their goods before transport will sharply raise shipping costs on major trade lanes and trigger delays in moving cargo through ports, according to a new report.

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