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Ocean Transportation: Page 202

App Designed to Help Ports Better Handle Disruptions Caused by Weather

As another "extremely active" hurricane season kicks off the U.S. national ports system is better able to cope with weather-related disruptions thanks to an online application called Port Mapper.

Growth in Coal Market Has Been Boon to Dry Bulk Shipping Industry

Drewry's latest Dry Bulk Forecaster reports that coal has been the recent saviour of the dry bulk market. Global GDP grew by 3.2 percent in 2012, following growth of 5.2 percent and 4.0 percent in the post-recession years of 2010 and 2011. This slowdown blighted dry bulk cargo volumes and in turn tonnage demand. Global steel production, reflecting industrial and growth activity around the world, grew by only 1.3 percent in 2012, with a subsequent impact on iron ore and coking coal trade.

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As Oil Interests Move Into West African Waters, So Do Growing Numbers of Pirates

While the frequency of pirate attacks off the Horn of Africa has fallen to its lowest level since 2009, this is no time to celebrate. Somali pirates still hold two vessels for ransom with 60 crew members as hostages. More alarming, however, is the increase in the capabilities of pirate groups in West Africa's Gulf of Guinea, now challenging Somalia as the world's most dangerous place to sail.

Shipping Rates on Asia-to-Northern Europe Trade Lanes Continue Their Fall in May

The average container freight rates from Asia to North Europe continues to drop, to $2,352 per 40-foot container and to $1,359 per 20-foot, as of tracking on May 24, according to Xeneta, a sea freight price comparison service. Due to overcapacity and various types of economic turmoil in the market, the market index for 40-foot containers has taken a massive dip with it being down 52 percent from May 2012.

Arctic Sea Lanes Become More Attractive to Europe-to-East Asia Traffic

Shipping along the Arctic northern sea route is set to grow more than 30-fold over the next eight years and could account for a quarter of the cargo traffic between Europe and Asia by 2030.

CaroTrans Expands Services Into Baltic and CIS Region

CaroTrans International, a non-vessel operating common carrier and ocean-freight consolidator, is expanding its service network with entry into the Baltic and Commonwealth of Independent States (CIS) markets, including Russia.

Extra Logistics Launches Web-Based Booking for Ocean and Air Freight

Extra Logistics LLC, an international provider of logistics and freight-forwarding services, has launched Web-based ocean and air-freight booking services.

Can Index-Linked Contracts Bring Sanity to the Liner Trades?

On October 13, 2011, the Federal Maritime Commission launched a rulemaking that proposed to allow rate levels within oceangoing service contracts to be linked to industry freight indices. Some carriers and shippers had pushed for the change in hopes of achieving greater rate stability in the notoriously uncertain liner trades.

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Shippers Rely More on Collaboration to Manage Freight, NASSTRAC Study Reveals

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IAS Logistics Expanding to Los Angeles, Chicago and Miami

IAS Logistics Inc., a specialist in linking over-the-road and air-freight services, is expanding its Texas trucking operation.

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Port of San Francisco's FTZ No. 3 Expands to Neighboring Counties

The Port of San Francisco's Foreign Trade Zone No. 3 has won approval from the U.S. Department of Commerce to expand its service area.

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Stifel Logistics Confidence Index Stays Positive Despite Second Consecutive Decline

The Stifel Logistics Confidence Index continued its downward trend in May as it fell for the second consecutive month. Compiled by Transport Intelligence, the overall index, which combines the current situation with future expectations, was down 0.8 points from April to 50.7 in May and was 1.3 points lower compared with the same month in 2012. Yet, even with deteriorating confidence, the Logistics Confidence Index registered above the 50 threshold, indicating growth, for the fourth consecutive month. An index value of 50 indicates no change in the volumes currently being experienced for the time of year; above 50 indicates higher volumes, while below 50 indicates lower volumes.

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