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Think Tank
Ocean Transportation: Page 164
As U.S. Becomes Net Exporter of Natural Gas, 100 Additional LNG Vessels to Be Required
The U.S. is expected to change from a net importer of natural gas to a net exporter, with those exports destined for different regions of the world, especially Asia. It's a development that could see the nation building 100 new ships, a prospect that the Government Accountability Office says could take 30 years.
Retailers Wrapping Up Holiday Merchandise Supply, Demand
Import cargo volume at the nation's major retail container ports is expected to be essentially unchanged from last year this month as stores bring in the last round of merchandise for the holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
CMA CGM Agrees to Acquire NOL in All-Cash Offer
CMA CGM has made an all-cash offer to acquire Singapore's Neptune Orient Lines (NOL).
WWL Boosts Frequency, Capacity in Trans-Atlantic Service
Wallenius Wilhelmsen Logistics (WWL), a provider of roll-on/roll-off shipping and related logistics services, is increasing frequency and capacity in its service from Europe to the U.S. West Coast.
Downward Trend in LPG Shipping Rates Expected to Continue
LPG shipping rates are expected to decline from the second half of 2016 as a bloated orderbook for VLGCs - very large gas carriers - fuels fleet growth that will far exceed shipping demand, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.
CaroTrans Adds Taiwan-to-New York LCL Service
CaroTrans International, a global non-vessel operating common carrier and ocean freight consolidator, has begun a direct, less-than-containerload (LCL) import service between Taiwan and New York.
Ceva Opens Regional HQ in Brazil; Warehouse in Malaysia
Ceva Logistics has opened a new headquarters for South America in São Paulo, Brazil.
As Crude Oil Supplies Mount, Tanker Shipping Rates Decline
Tanker shipping rates are set to decline from current highs in 2016 as the trade in crude oil is forecast to decline due to ample stocking, and the fleet is expected to expand briskly, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
Dry Bulk Market Not Likely to Be Profitable Before 2017, Report Says
The gloomy outlook for the dry bulk shipping market continues to afflict shipowners, and the market is not expected to return to profitability before 2017, according to the Dry Bulk Forecaster report published by global shipping consultancy Drewry.
Growing Exports of U.S., Mideast Methanol to Heavily Impact Chemical Shipping World
New U.S. and Middle East methanol production capacity being added over the next two years will have serious implications for chemical shipping trade flow patterns, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.
Number of Marine Casualties Increase in European Waters
The European Maritime Safety Authority has released its latest review of marine casualties demonstrating that the number of incidents is on the rise.
Boston Consulting Group Launches Platform for Reducing Empty Containers
Boston Consulting Group has developed xChange, a Web-based marketplace to help ocean carriers reposition empty containers around the world.
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