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Ocean Transportation: Page 176

Denmark Looks to Tunnel Its Way to Germany

Denmark's government laid out details of a plan to build a tunnel connecting the Nordic region to Germany and cutting traveling time, saying in a bill that it will cost 65bn Danish crowns ($10bn) and be in use by 2024.

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Ports on West Coast Could Remain Congested for Months

Congestion at the U.S. West Coast ports could take as much as two months to unwind, according to port and trade group officials, with retailers and other companies bracing for further shipment delays after the apparent resolution of a months-long labor dispute.

CMA CGM Debuts Logistics Platform in Cameroon; Creates Inland Transport Arm

The CMA CGM Group has inaugurated a new logistics platform at its 3CTC container terminal in Douala, Cameroon.

Despite Somewhat Gloomy Forecast by Some, LPG Shipping Demand Continues to Be Robust

LPG shipping earnings are forecast to remain buoyant on the back of low oil prices and the absence of fuel substitution, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.

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NOL Agrees to Sell APL Logistics to Kintetsu World Express

Neptune Orient Lines Limited has agreed to sell its logistics arm, APL Logistics Ltd., to Kintetsu World Express, Inc. for $1.2bn.

Four-Year Low in Container Shipping Rates Hits Intra-Asian Trades

Container shipping rates on intra-Asia trades have fallen to their lowest level in four years, according to the Container Freight Rate Insight which is updated weekly and published by global shipping consultancy Drewry.

Asia Pacific: Conscientious Producers and Savvy Consumers

Success in the global economy requires a shift in strategic vision of the Asia-Pacific region's role in supply chains. While it is no secret that an end to low-cost production in Asia is in sight, smart companies are studying the complexity of APAC region and gaining insight into the roles each country plays in the quickly evolving economic horizon. But visibility into where APAC is today isn't enough; forecasting where it will be next year, five years from now, and further into the future are key to positioning supply chains now for ongoing optimization.

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Dry Bulk Shipping Rates Expected to Bounce Back This Year

Strong trade growth, moderating fleet development and deployment of new fuel-efficient vessels are expected to lead to a recovery in dry bulk shipping rates later in 2015, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.

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Kintetsu World Express Looks to Gobble Up APL Logistics

Japanese freight carrier Kintetsu World Express Inc. is buying Singapore's APL Logistics for $1.2bn, paying a higher than anticipated price for an overseas deal at a time of slow domestic growth.

On-time Reliability of Ocean Cargo Liners Sank to Record Depth in January, Report Says

Liner service reliability fell to a record low in January as the effects of U.S. West Coast congestion and the phasing-in of new alliance services took their toll, according to the Carrier Performance Insight, published online every month by global shipping consultancy Drewry.

Report Sees Dramatic Increase of Ship Pollutants Fouling 'High Arctic' Over Next Ten Years

At current fuel sulfur levels, pollutant emissions from ships in part of the Arctic region could increase 150 to 600 percent by 2025, according to a report from the International Council of Clean Transportation.

Ship Owners Get Guide on Heavy-lift, Project Cargo Safety

The UK P&I Club has joined forces with leading marine cargo insurer Allianz Global Corporate & Specialty to publish practical guidance for ship owners and operators on how to carry heavy-lift and project cargo safely at sea.

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