Sea

Port of Everett earns short sea shipping designation; only Port on West Coast

The Port of Everett has achieved another vital step in reducing congestion on the I-5 corridor while moving more freight in the region. The Port was notified this month that it received designation by the U.S. Secretary of Transportation as a Federal Maritime Administration Marine Highway Project for the Puget Sound Container on Barge Service under the America’s Marine Highway Program. The Port is one of 25 marine highway projects in ... [+]

Street Turn Penalties to Result in Decreased Capacity

In a critical capacity environment for all stakeholders, Ocean Carriers SM Lines, ZIM, Hyundai, and Maersk have announced a disturbing penalty on “street turns” ranging from $30-$75 a box. • Maersk $30 • ZIM $40 • Hyundai $50 • SM Lines $75 Simply put, everyone wins in the street turn ... [+]

CMA CGM Group supports the development of Agricool

The CMA CGM Group has decided to support the financial and industrial development of Agricool, a young and innovative company specializing in urban agriculture, in order to enable it to launch its industrialization phase. Founded in 2015 in Paris, Agricool aims to create urban farms in ... [+]

Port of Hong Kong forms Seaport Alliance

Hong Kong International Terminals Limited (HIT), Modern Terminals Limited, COSCO-HIT Terminals and Asia Container Terminals Limited recently announced the formation of the Hong Kong Seaport Alliance, a joint operating agreement designed to deliver more efficient service offerings to carriers that call on Hong Kong while ... [+]

Port of Oakland cargo volume hit all-time high in 2018

Port of Oakland container volume reached an all-time high in 2018, according to recently released port data. The Port said it handled the equivalent of 2.55 million 20-foot containers last year. That was up 5.2% from 2017 volume. It was the second straight year of ... [+]

Captain Jeff Dixon takes over as President of TOTE Services

Captain Jeff Dixon has assumed the role of President of TOTE Services following the retirement of Rear Admiral Phil Greene Jr. Dixon joined TOTE Services in May 2017 and has served as the Vice President of Marine Operations – Government and Commercial since starting with the ... [+]

Port of Virginia Sets New Annual Volume Record in 2018 Having Handled 2.85 Million TEUs

The Port of Virginia® set a new annual record for container cargo volume having handled more than 2.85 million TEUs in calendar year 2018, a slight percent increase over last year’s total. In 2018, the port’s TEU volumes were up .5% over the prior year. The ... [+]

CMA CGM dedicates 1st vessel to renewed French West Indies fleet

With a capacity of 3,500 TEUs and a length of 219 meters, the CMA CGM FORT DE FRANCE stands out by its draft which is adapted to the West Indies ports. It is also equipped with a large number of plugs for reefers that allow the ... [+]

Maximilian Rothkopf appointed to Executive Board of Hapag-Lloyd

The Supervisory Board of Hapag-Lloyd AG has appointed Maximilian Rothkopf to its Executive Board effective May 1, 2019. On 1 July, he will become the new COO, replacing Anthony J. Firmin, who will retire on June 30. Maximilian Rothkopf, who holds a master's degree as well ... [+]

World Container Index

The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia is down 5.7% to $1,689.95 per 40ft container (updated Thursday, 10 January 2019).   Two-year spot freight rate trend for the World Container Index: [+]

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