According to the Baltic and International Maritime Council (BIMCO), imports through East Coast ports in the United States reached 7.9 million TEU of loaded containers in 2015—an astounding 12.6% increase from 2014.Read More
Leaders and cargo movers from across the international shipping industry were out in full force this year for the Journal of Commerce's 16th TPM (Trans-Pacific Maritime) Annual Conference in Long Beach, CA. In the thick of it all was Charlie McGee, Averitt's vice president of international solutions.
After four days of making the rounds and sitting through discussions to size up the industry's concerns and outlook for 2016, McGee delivers his three major takeaways from TPM:Read More
Ups and Downs of Ocean Rates
2015 WILL LIKELY BE RECORDED AS THE MOST VOLATILE YEAR IN THE HISTORY OF CONTAINERIZED OCEAN SHIPPING.
During the peak of the West Coast ILWU/PMA labor dispute that was reached in February of 2015, backlogs and congestion reached from both shores of North America all the way back to the containers stacked up in Asia awaiting a slot on a vessel that had been long delayed by the gridlock on the West Coast and the sheer volume that was diverted and moving via East and Gulf Coast ports, container rates had skyrocketed to a level never seen before. Many desperate shippers were willing to pay almost any price to get their cargo moving.Read More
When it comes to the volatile world of international supply chains, shippers have to be able to make the right decisions at the right times. And in recent years, American importers and exporters have come to learn that is often better to operate with a proactive (rather than reactive) approach to inland transportation that begins or ends with a port.
More than ever, shippers and supply chains exist in a state of what I like to call “local global complexity.” Rapidly changing economies, customer culture and technology continually force us to re-evaluate supply chain practices.Read More
When it comes to U.S. export value, only a handful of other countries can compete against Mexico. In fact, according to the Office of the U.S. Trade Representative, the country ranked second overall in 2013 with a total export value of $226.2 billion. As you can imagine, there is ample opportunity for American businesses to become involved in international trade and cross-border shipping. Securing customers across the border is only the first step though.Read More
Just as the media seemed poised to run headlines decrying the complete shutdown of operations at West Coast ports, the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) announced this past Friday evening that a tentative agreement had been reached.Read More
For the second time in less than a week, the PMA imposed a partial shutdown of operations at all 29 West Coast ports on Thursday (2/12). The organization also announced that the loading and unloading of vessels will also be suspended over the weekend (2/14-15) and through Monday (2/16).Read More
After port congestion caused by the labor crisis between the Pacific Maritime Association (PMA) and the International Longshoremen and Warehouse Union (ILWU) reached critical levels, the PMA temporarily suspended all vessel loading and unloading operations at the West Coast’s 29 ports this past weekend. The PMA’s decision to halt vessel operations, which resumed on Monday, was carried out in an effort to move through the backlog of containers that has been building up over the past several months.Read More
Horizon Lines, a long-time maritime carrier between the U.S. mainland and Puerto Rico, has ceased all vessel operations as of January 2015. Prior to its exit, Horizon accounted for nearly 30 percent of all container volume that was transported between the Port of Jacksonville in Florida and the Caribbean island.Read More