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Ocean Transportation: Page 159

Confidence of Maritime Shipping Industry Sinks to New Low

Overall confidence levels in the ocean shipping industry fell to a record low in the three months ending February 2016, according to a survey by shipping advisory firm Moore Stephens.

Boom in Tanker Shipping Industry May Have Reached Peak

Tankers are currently the most profitable vessels in shipping with the cost to charter them remaining high by comparison with other ship types. These freight rates are expected to stay steady for the next 18 months despite a delivery boom of new tankers scheduled for late 2016, according to Devlin McStay, data analyst with IHS Maritime & Trade.

TRAC Intermodal Wraps Up Acquisition of Interstar

TRAC Intermodal has completed its acquisition of Interstar Fleet Services, a provider of emergency road service repair for the intermodal and commercial trucking industries.

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Lloyd's Register, UK P&I Club Launch Life-Saving Checklist App

Lloyd's Register and the UK P&I Club have released a Life-Saving Appliances pocket checklist app.

Drewry Launches Model Stock Portfolio; E-Sourcing Service

Drewry Maritime Equity Research has launched a model stock portfolio for the maritime sector.

CEVA Logistics Launches Direct China-to-Hungary LCL Service

CEVA Logistics has launched a new weekly less-than-containerload (LCL) service from Shanghai, China to Budapest, Hungary.

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Ocean Liner On-Time Average Slips to Worst Level in a Year

Liner schedule reliability fell to its worst level in 12 months in February when the average on-time performance slipped by 7 percentage points to 62.7 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.

Drop in Spot Rates on East-West Ocean Routes Lowest in Five Years

The World Container Index's composite index, an average of spot freight rates on 11 global East-West routes connecting Asia, Europe and the U.S., reached a record low of $701 per 40-foot container recently.

Cost Savings of Mega-Vessels Often Offset by Higher Port Expenses, Study Shows

Drewry, the global shipping consultancy, has carried out a simulation study of the operational and financial impacts on lines, terminal operators, ports and other supply chain stakeholders as vessel size increases up to and beyond 18,000 TEU (twenty-foot equivalent units, the standard metric used to measure a ship's cargo carrying capacity). The study results suggest that the economies of scale, that have been a key feature of the liner industry, may be running out.

Container-Weighing Rule: And You Put the Load Right On ... Who?

Just who's responsible for weighing that ocean container? After several years of thrashing out a rule to combat the problem of misdeclared weights, regulators and rulemaking bodies still can't seem to agree.

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Sharks vs. Jets on the West Coast Waterfront?

Here's a question for U.S. exporters who were grievously harmed by the West Coast longshore labor slowdown in late 2014 and early 2015: Would it make you feel any better to learn that you were the victims of "a street brawl"?

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Customs Automation Is Finally Happening. Really!

After years of delay, the automation of importer filings, involving multiple government agencies, is upon us. Say hello to the "Single Window."

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