New Service for Port of NY & NJ
American President Lines (APL), a subsidiary of Neptune Orient Lines, and SeaLand, a division of Maersk Line, have announced the formation of a Vessel Sharing Agreement (VSA) that introduced a new weekly service branded the ACX by APL and the NAE by SeaLand. The VSA nominated Global Container Terminals (GCT) New York in Staten Island as the terminal operator. The new service will serve ports on both the west and east coasts of Latin America, utilizing Manzanillo International Terminal, Panama as the service’s hub.
Trans-Pacific Partnership delegates fail to reach final deal; pharmaceuticals, cars, dairy key sticking points
Delegates negotiating a Pacific free trade agreement have failed to reach a final deal after several days of intense talks in Hawaii.
FMC gets real about port congestion
The FMC believes that infrastructure investment is at the core of the discussion, however, other factors must be addressed in the near term to ensure an efficient and reliable international ocean transportation system and the relevant supply chain.
More Ships Heading to U.S. East Coast Ports at the Expense of the West
U.S. East Coast bunker suppliers are seeing more demand opportunity this year as shipping traffic has surged following West Coast port congestion from a labor dispute and other problems, the Financial Times reports.
2015 Peak Season prospects are mixed
While nearly one-third of LM survey respondents note Peak Season has a significant impact on operations, industry experts say it will not be much to write home about this year.