Monthly Archives: June 2016

Major ports get big-ship ready

Posted on June 7, 2016 by | Leave a comment

A nice summary of the improvements at a few ports to get ready for the Panama Canal widening.

Global Trade Magazine  Source: Major ports get big-ship ready | Global Trade Magazine

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Posted in Ports, Shipping, Supply Chains

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OOCL launches first capacity cuts on transpacific

Posted on June 7, 2016 by | Leave a comment

Supply and demand hits again.  Freight rates on Asia to US routes are ultra low right now.  This service will stop for 6 weeks.  Perhaps it’s gone forever, as supply chains get used to doing without it.  The 6 weeks gives them a chance to see about bookings for the big summer buildup for the US holidays.

Capacity cuts on the transpacific trade were likely to be on their way. OOCL and the G6 alliance led today with CC1 service suspension.

loadstar-logo  Source: OOCL launches the first capacity cuts on the transpacific as freight rates sink to unsustainable levels – The Loadstar

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Kerry Logistics acquires Apex Maritime

Posted on June 7, 2016 by | Leave a comment

Another merger in the US 3PL space.

Hong Kong’s largest 3PL is breaking into the US market with the acquisition of freight forwarder Apex Maritime

loadstar-logo Source: Kerry Logistics acquires US forwarder and transpacific specialist Apex Maritime – The Loadstar

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Posted in Ports, Shipping, Supply Chains

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