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Ocean Transportation: Page 188

Moody's Revises Global Ocean Shipping Industry Outlook from Negative to Stable

For the first time since 2001, Moody's has assigned a rating of "stable" to the global ocean cargo industry, but notes that the condition of world shipping remains delicate and a "negative" rating could return.

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Advances in Cold-Chain Tech Make Moving Perishables by Sea Highly Desirable

Moving perishable commodities like fruits, flowers and fresh seafood to the far corners of the world once was feasible only by air, making the price of these products prohibitive for most consumers. Thanks to a new generation of refrigerated ocean containers, however, perishable goods increasingly are being shipped by more efficient water transport. This shift is opening up new markets to producers and providing a growing, global middle class with affordable access to the fresh foods they want to buy.

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Despite Political Tension, March Saw U.S. Imports from Russia Increase

Although tensions are high between the United States and Russia trade has remained consistent. Despite threats of trade sanctions by the United States, U.S. vessel imports from Russia have remained steady. TEUs (twenty-foot container) imports from Russia in March were actually up from February and totaled over 3,000 TEUs. So far in April, imports from Russia have still been consistent to the average volume of the past few months.

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Yusen Logistics Launches Cross-Border Trucking Link to Indochina

Yusen Logistics has launched the South East Asia Link (SEAL) service, a cross-border trucking operation in Indochina.

CEVA Logistics Opens New Foreign Trade Zone in Miami

CEVA Logistics has opened a foreign trade zone within a warehouse in Miami.

April Expected to See U.S. Retail Imports Rise by More Than 6 Percent

Import volume at the nation's major retail container ports is expected to increase 6.1 percent in April, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

CaroTrans Launches Direct Le Havre-Houston LCL Export Service

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

Kuehne & Nagel Opens Second Phase of Dubai World Central Facility

Dubai World Central, the world's first purpose-built aerotropolis, has announced the opening of Phase II of Kuehne + Nagel's logistics centre at DWC's Logistics City.

Restrictions on Vessels' Nitrogen Oxide Emissions Effective in 2016, But Only in Certain Areas

The International Maritime Organization's Marine Environment Protection Committee has reached agreement on the entry into force date of new, stricter requirements for ships' emission of nitrogen oxide (NOx) in emission control area.

Kuehne & Nagel Expands LCL Services in Asia-Pacific, Europe

Kuehne & Nagel has expanded its offering of less-than-containerload (LCL) services in the Asia-Pacific and Europe-Australia trades.

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Market for Multipurpose, Heavylift Vessels Said to Improve

Drewry's latest Multipurpose Shipping Market Review and Forecaster report anticipates better times ahead for the sector following a tough 2013.

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CMA CGM Group to Launch Asia Southern Red Sea Express Service

The CMA CGM is launching a new Asia Southern Red Sea Express (REX3) service.

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