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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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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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Market stress on global terminal operators leads to new strategies

Posted by PortVision on Dec 20, 2016 1:52:22 PM

Port terminals around the world are feeling an economic squeeze from a number of directions. Port Technology indicates that these pressures could lead to shutdowns, lower profits for terminal operators, and decreased port investment in the future unless operators figure out a way to change strategies to stay viable.

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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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