East Coast : Ocean Carriers & Ports

Federal Maritime Commission Chairman Richard A. Lidinsky has forwarded a wide-ranging set of recommendations for revising the Shipping Act of 1984 to the House Subcommittee on Coast Guard and Maritime Transportation. Lidinsky Included in the recommendations to committee Chairman Rep. Elijah E. Cummings, R-Md., are six proposals: • Bring container and chassis lessors within the ambit of...

Two separate analyst reports issued in the last week suggest the financial sector is conflicted on what it expects from the top Asian container shipping lines in the coming months. On Friday Citi’s Asia Pacific shipping analyst group advised investors to sell shares of every line it analyzes, including Evergreen Line, OOIL (parent of OOCL), Yang Ming, Wan Hai, NOL (parent of APL), China C...

Member lines of the Canada Transpacific Stabilization Agreement said last week they will raise their currency adjustment surcharge to 6 percent beginning Oct. 1. The surcharge will drop to 5 percent in September, after being at 6 percent since May. CTSA member lines are APL, COSCO Container Lines, Evergreen, Hapag-Lloyd, Hyundai Merchant Marine, “K” Line, NYK Line, OOCL, Yang Ming and...

Del Monte Fresh Produce Co. plans to shift its fruit import business from Camden to Gloucester City, N.J. Robert W. Palaima, president of Delaware River Stevedores, Del Monte's stevedore, said his company was told the importer of bananas, melons and pineapple would move its business several miles south to a facility operated by Holt Logistics at the Gloucester Marine Terminal. Palaima...

The U.S. Trade and Development Agency has awarded the Brazilian government a $674,000 grant to fund a feasibility study on the implementation of vessel traffic management systems at four of the South American country’s main ports. The large volume of commercial activity transiting each year through Brazil's thirty-four public ports has lead to logistical challenges for Latin America's lar...

Port Freeport in Texas has elected Thomas S. Perryman to port commission chairman. Perryman has been a port commission member since 1991 and is in his fourth term. He is president of Perryman Property Investments LLC, and also serves as chairman of Clute, Texas-based First State Bank Corp. ...

Hanjin Shipping said Tuesday it will discontinue providing chassis in Miami and Philadelphia on Oct. 1, and gradually expand the program to other U.S. regions. “In line with what has been in force in the rest of the world, we believe that the implementation of this new policy will immediately improve terminal productivity and cargo transit time at U.S. terminals as well by reducing idle t...

NYK and OOCL said Monday they would increased container freight rates in the transatlantic. NYK Line said effective Oct. 1 it would implement a general rate increase on cargo moving under NYK independent tariffs to and from North Europe and the United States or Canada by $150 per 20-foot container and $300 per 40-foot container. OOCL also said its rates will increase Oct. 1. The gener...

Standard and Poor’s said it is raising its rating on CSAV from B- to B and added the Chilean container carrier’s outlook is positive. The carrier has "materially improved its operating performance and its financial flexibility by raising tariffs, lowering charting rates, and increasing volumes and financial support from its shareholders. We expect profitability to materially improve durin...

Global container terminal operators had their "toughest year ever" in 2009, said Drewry Shipping Consultants. But in a few years terminals may once again face a capacity crunch, the London-based consultants said in a summary of its Annual Review of Global Container Terminal Operators 2010. "Global economic trends meant that container throughput at the world’s ports fell for the first ...

Maersk said Friday it will further raise transatlantic rates on Oct. 1, as part of a plan announced at the end of last year. The routes and rate increases are: • North Europe/United States, eastbound and westbound, $250 per 20-foot dry container, $350 per 40-foot dry container, and $500 for 40-foot reefer boxes. • North Europe/Canada, eastbound and westbound, $250 per 20-foot dry ...

Proponents of wider port trucking industry regulation applauded last week's California district court ruling that upheld components of the Port of Los Angeles’ Clean Truck Program. The decision, supporters say, could benefit efforts to regulate trucking in other ports. The decision, which the American Trucking Associations has said it will appeal, "bolsters the standing of burgeoning ...

The Georgia Ports Authority said the largest vessel ever to call on the Port of Savannah arrived Friday when the 8,500-TEU CMA CGM Figaro docked at Garden City Terminal. The port authority’s Executive Director Curtis J. Foltz said the ship's arrival was "a view into the future of shipping between Asia and the U.S. East Coast," once the new locks on the Panama Canal become operational in 2...