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New, Aggressive Clean Air Action Plan for LA/Long Beach Ports

Posted by PortVision on Jan 31, 2017 6:07:00 AM

Driven by California's Sustainable Freight Action Plan, the ports of LA and Long Beach are updating their Clean Air Action Plan (CAAP). The state's plan, unveiled in July 2016, focuses on improvements to freight infrastructure efficiency, a transition to zero-emission tech, and a goal to make California's freight system more competitive. According to the Journal of Commerce, these ports currently have the strictest air-quality standards in the US and this new update of their CAAP will create environmental policies that some cargo owners and port clients fear will make the port complex less competitive.

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PortVision's Top 10 Blogs of 2016

Posted by PortVision on Dec 31, 2016 6:07:00 AM

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PortMiami gets $33 million grant for further expansion

Posted by PortVision on Dec 30, 2016 6:07:00 AM

Miami-Dade County announced that Florida State grants totaling $33 million over the next five years are committed to PortMiami (the Dante B. Fascell Port of Miami). This is on top of the previously invested $1.3 billion to ready the port for the bigger ships now transiting the newly expanded Panama Canal from the Pacific. The first container ship to pass through the canal and reach Miami, the MOL Majesty, was welcomed on July 9, 2016. Although the Majesty is small, as neo-Panamax ships go, at only 991 feet, it is only the first of many bigger vessels that will enter the port.

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New Suez Canal Transit Fee Discounts Offered

Posted by PortVision on Dec 28, 2016 6:07:00 AM

The Suez Canal Authority has offered shipping lines a discount if they prepay canal fees three to five years in advance, as reported in Ship & Bunker.

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Japanese merger another indication of trouble for container industry

Posted by PortVision on Dec 22, 2016 6:07:00 AM

The creation of Japan's second largest box carrier was announced in October. As reported by Bloomberg, the new firm includes Japan's three largest shippers which will be combining their container operations.

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East and West Coast port upgrades – a risky financial investment?

Posted by PortVision on Dec 13, 2016 6:07:00 AM

The new Panama Canal may not turn out to be an economic windfall for east and west coast US ports – at least in the short term. Just as the new Panama Canal channel and locks ramp up after the June 2016 opening, shippers like Nippon Yusen, Mitsui OSK Lines and Kawasaki Kisen are expecting major operating losses ($780 million) for the fiscal year ending in March 2017, as reported by Bloomberg Businessweek. As well, at a recent conference, the CFO of Haapag-Lloyd mentioned that the shipping industry is looking at the highest ship-scrapping levels ever seen. In Singapore, one of the world's largest ports, shipping container traffic fell 8.7% in 2015 and 1.7 % in 2016, so far.

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New Panama Canal moving port projects forward to accommodate Panamax traffic

Posted by PortVision on Nov 22, 2016 6:07:00 AM

After a nine-year construction project costing $5.4 billion, the new Panama Canal channel and locks opened, doubling its capacity in this important transit between the Pacific and the Atlantic Oceans. The canal will now host 42 vessels a day and by 2020 that number will increase to 51.

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Shipping Alliances Overview [Infographic]

Posted by Chris Leslie on Aug 31, 2016 6:07:00 AM

With all of the movement taking place in the container shipping industry, our friends at Xeneta have put together an infographic to illustrate the current shipping alliances and upcoming reorganizations.

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A New Era Begins for the Port of Savannah-Larger Vessels and More Services

Posted by Andrea LaVorgna on Jul 28, 2016 6:07:00 AM

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New Container Shipping Alliances Take Shape

Posted by PortVision on Jul 19, 2016 6:07:00 AM

In April, a new alliance of ship operators took shape to offer global shipping services in Asia, Europe and the US. Included in this alliance are France's CMA CGM (the world's third largest container ship line), China Cosco Shipping, Taiwan's Evergreen Line and OOCL (Orient Overseas Container Line from Hong Kong). It will also include Singapore's Neptune Orient Lines ltd. In the near future – the firm agreed to be bought by CMA CGM in December. Assuming regulatory approvals are forthcoming from the US, the EU, and China, the new five-year “Ocean Alliance” will begin operating in 2017.

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