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Ocean Transportation: Page 168

Exports From U.S. Foreign-Trade Zones Hits All-time High of $99Bn in 2014

The value of exports from America's foreign-trade zones (FTZs) increased by 24.8 percent in 2014, to a record $99.2bn in merchandise exported, according to figures released by the U.S. Foreign-Trade Zones Board in its recent Annual Report to Congress. The 2014 export figure also represents a threefold growth of FTZ exports in the five years since 2009.

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Vessels in or Near Tianjin Explosions May Be Contaminated With Hazardous Chemicals, Maritime Administration Warns

The United States Maritime Administration has issued Advisory 2015-02 concerning possible contamination by hazardous materials caused by the explosions that occurred last month at the Port of Tianjin, in China.

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Roadrunner Renames Transportation Management Unit

Roadrunner Transportation Systems Inc., an asset-light provider of transportation and logistics services, has changed the name of its Transportation Management Solutions operating segment to Global Solutions.

Recovery in Dry Bulk Shipping Market Thought to Be Unlikely Before 2017

The dry bulk shipping market will remain in recession due to contracting demand for iron ore and coal, and any recovery is not expected until 2017, according to the Dry Bulk Forecaster report published by global shipping consultancy Drewry.

Tanker Market Growing, But Earnings Expected to Decline

The product tanker market has enjoyed healthy returns in recent years on the back of structural changes taking place in trading patterns. However, impending fleet growth is expected to reduce the sector's earnings over the medium term, according to the Product Tanker Market Annual Report 2015 published by global shipping consultancy Drewry.

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Gigantic Container Ships Enter Into Lloyd's Classification System

Lloyd's Register is classing the world's largest-ever container ships – led by a recent contract to oversee the building of six ultra-large container ships of more than 20,000 TEUs.

Beverage Producer Improves Carrier Performance and Customer Satisfaction

Challenge: This leading producer of spirits and wine lacked visibility of its ocean shipments and carrier performance levels. The company relied on each partner's individual tracking system, a process made more difficult as exports and revenues grew.

Port of Oakland Plans Terminal Operations on Saturdays

The Port of Oakland, in an effort to relieve weekday congestion, will initiate Saturday gate operations at four of its container terminals.

Container Port Growth Prompts Terminal Operators to Invest in Additional Capacity

Rising global container port demand and ever larger vessels are driving terminal operators to make significant investments in additional capacity, according to the Global Container Terminal Operators Annual Report 2015 published by global shipping consultancy Drewry.

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On-time Performance of Container Lines Drops in Three East-West Trades

Breaking a run of six consecutive months of improvement, container service reliability across the three main East-West trades declined in July, falling by 4.0 percentage points from June to 73.3 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.

Port Logistics Group Opens Operations in Savannah

Port Logistics Group, a provider of gateway logistics services, has opened operations in Savannah, Ga.

Freight Rates in Ocean Transport of Liquefied Natural Gas Come Under Pressure

LNG carrier freight rates have come under severe pressure due to rising fleet supply and stabilising LNG demand, as Japan prepares to restart its nuclear power plants. Despite the general market belief that new LNG supply from Australian projects will provide ample employment to the growing fleet, there are immediate challenges on freight rates. This is due to 49 million tonnes per annum (mtpa) of Australian LNG cargo supply expected to hit the market over the next two years, according to the newly launched LNG Forecaster report published by global shipping consultancy Drewry.

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