News & Resources

Following the recent Baltimore Bridge collapse and subsequent port closures, we want to keep our customers informed about the situation and potential impacts on our supply chain in the coming months. Impact Assessment & Bridge Rebuilding Timeline Passage to and…

Ocean carriers on the Asia-Europe trade route are implementing two rate hikes in December to boost prices before annual contract talks despite excess capacity hampering rate increases. Carriers are aiming for FAK rates between $1,750 and $1,800 per FEU on…

Thursday, March 30 – The long-awaited ocean carrier alliance reorganization is set to rollout April 1, 2017. Here is an overview of the soon-to-be former alliance structure compared to the reorganized structure: Ocean Carrier Alliance Overview Infographic. (*when the infographic appears, click on it to…

Aug 31, 2016 – Today, global transportation giant Hanjin Shipping filed for bankruptcy protection, a day after the company’s creditors discontinued financial support. The South Korean shipping company is the world’s 7th largest steamship line by volume, and has been…

Wednesday, June 8th – The Panama Canal is set to open its two newest locks this month after nearly 10 years of constructions. Many of North America’s major ports have been in a race to be prepared for the world’s…

April 11, 2016 – The International Convention for the Safety of Life at Sea (SOLAS) has amended its convention to mandate “Container Weight”. The mandate requires the weight of cargo loaded containers be certified before loading on a vessel. Cargo…

January 22, 2016 – Ports America announced on Tuesday that they are terminating their 50 year lease in the port of Oakland. They want to focus their attention on their other US ports to prepare for the arrival of mega-ships.

In Q4 of 2015, four container terminals at the Port of Oakland will use a program called OakPass to operate their terminal gates on Saturdays. With Saturday hours the Port of Oakland is hoping to reduce weekday import cargo congestion.

June 12, 2015 – The Panama Canal expansion project, or as it has been dubbed, the Third Set of Locks Project is intended to double the capacity of the Panama Canal by early 2016.