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Ocean Transportation: Page 172

L.A., Long Beach Struggle Against Ports That Can Handle Bigger Ships

The ports of Los Angeles and Long Beach handled 39 percent of U.S. container imports in 2002, but that figure fell to 32 percent by 2013, according to U.S. census data. They have lost business to competitors at a time when, overall, global trade is booming and imports are rising at all ports, including L.A. and Long Beach. And the ports are losing out to others that can handle larger vessels.

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Matson Wraps Up Acquisition of Horizon Lines

Matson Inc. has completed its acquisition of Horizon Lines Inc.

Tanker Operators Tie Their Prosperity to Decreased Shale Oil Production, Boost in Oil Imports

How much U.S. shale oil production is taken out of service will be a key driver of future tanker shipping earnings, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.

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SeaLand Adds North Atlantic Express to Latin America Service

SeaLand, an arm of the Maersk Group providing intra-Americas ocean carriage, has added the North Atlantic Express (NAE) service to its north-south network.

CMA CGM Launching New Container Service Between North America, North Europe

The CMA CGM group is launching a new container-shipping service between North America and North Europe, as of the end of May 2015.

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Maersk Goal to Cut CO2 Emissions 60 Percent Per Container Within Five Years

Maersk Line, the world's largest container ship operator, has set a "bold target" to reduce CO2 emissions 60 percent per container moved by 2020.

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A Vow After West Coast Port Disruption: Never Again

Typically, when a protracted longshore labor dispute comes to an end, and operations on the docks return to normal, all parties vow to move forward and bury any residual acrimony. This time around, that might not be the case.

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CaroTrans Adds Direct Montreal-to-Le Havre Service

CaroTrans, a global non-vessel operating common carrier and ocean-freight consolidator, has launched a weekly less-than-containerload service from Montreal, Quebec to Le Havre, France.

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SeaLand Expands Service Network with North Atlantic Express Service

SeaLand, the intra-Americas regional ocean carrier of the Maersk Group, has added the North Atlantic Express (NAE) service to its North-South network.

Container Rates Continue to Experience Volatility, Especially on Shanghai Routes

The volatility of global spot freight rates since the start of 2015 has continued to increase in comparison to 2014, according to rate assessments on 11 routes gathered by the World Container Index (WCI). Price turbulence on the globally important Asia-to-Europe routes has been particularly high in 2015 with monthly volatility increasing 43 percent on average in comparison to 2014.

Cheap Natural Gas Powers Chemical Exports from Houston, New Orleans

Just as southern California is the nation's top magnet for containerized cargo, so is the Gulf Coast the most attractive hub for movements of petrochemicals. Led by Houston and New Orleans, petrochemical activity is thriving due in no small part to growth in refining activity and an abundance of cheap natural gas.

APL Logistics Opens Container Freight Station in Jakarta

APL Logistics has opened a new container freight station at the Tungya Collins Terminal in Cakung, North Jakarta, Indonesia.

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