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Strong Demand for LNG Expected to Continue

Posted by PortVision on Apr 25, 2017 6:07:00 AM

According to the LNG Outlook recently published by Shell, things look good for solid growth in the liquefied natural gas industry through 2030, though some indicators in 2016 briefly called that projection into question.

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Barge Revenues Drop in Spite of Record Harvest

Posted by PortVision on Apr 18, 2017 6:07:00 AM

A few years ago, with grain volumes on the rise, adding more barges to the fleet seemed a good idea to many U.S. shippers. More barges. Bigger loads. Larger profits. But things haven’t worked out as planned, even with the recent record-breaking harvests of corn and soybeans.

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Large Fleet of Icebergs Impacting North Atlantic Shipping Lanes

Posted by Chris Leslie on Apr 7, 2017 6:07:00 AM

Over 450 icebergs have drifted down into the North Atlantic shipping lanes, 363 of which have arrived over the past 7 days. This is forcing vessels to either dramatically lower their speed to navigate the icebergs, or take detours which can add up to 400 miles to the trip.

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West Coast Ports Post Market-Share Gains in 2016

Posted by PortVision on Apr 4, 2017 6:07:00 AM

According to a recent report from the Pacific Maritime Shipping Association (PMSA), ports up and down the West Coast of the U.S. collectively posted gains in market share in 2016 in terms of the TEUs—twenty-foot equivalent units—they processed. In coming to that conclusion, the PMSA report took into account a number of factors, including container weight, and whether the TEUs were outbound or inbound.

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Heavy Smog in China’s Ports Causes Costly Delays

Posted by PortVision on Mar 21, 2017 6:07:00 AM

The watchdogs at China’s Ministry of Environment probably weren’t surprised at the shipping delays recently caused by the heavy smog in the major ports in northern China. But the shippers were.

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Key Ports Break Records in 2016 for Loaded-Container Volume

Posted by PortVision on Feb 28, 2017 6:07:00 AM

It was a very good year for ports on both sides of the country in terms of the total number and volume of containers handled in 2016. In most cases, those figures showed a marked – sometimes record-breaking – increase. This blog will look at statistics that bear this out.

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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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OPEC set to cut production in 2017

Posted by PortVision on Jan 24, 2017 6:07:00 AM

In an effort to decrease oil inventories, OPEC nations as well as other oil-rich countries, agreed at the end of November to cut their production of oil. As reported in BloombergMarkets, this is the first such cut since 2008. Saudi Arabia, Iran, Iraq, Kuwait and Russia signed on to the agreement of the Organization of Petroleum Exporting Countries (OPEC); Nigeria and Libya were exempt and Indonesia was granted a freeze of its membership. The price of oil immediately rose on the production cut news.

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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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