The departure of Port of Long Beach CEO Jon Slangerup comes at a time when the port is facing a number of challenges related to the downturn in international trade, the cost of capital improvement projects and the implementation of a new energy program.
The transport community is reeling from last week’s unexpected bankruptcy. Containers are stranded at ports worldwide. Ships lay at anchor, embargoed from terminals that fear they will be seized and held once docked.
In the name of operational efficiency and improved service, COSCO, CMA CGM, China Shipping, Evergreen and OOCL agreed this spring to enter into a consortium they would simply call “the Ocean Alliance”.
The bankruptcy of Hanjin Shipping Company will have long-term disruptions within the global supply chain and freight rates for imported containers to the United States may rise as much as 54%, according to one report.
Commercially approved carriers provide the backbone of service for the Department of Transportation (D.O.T.) and the Department of Defense (D.O.D) U.S. Transportation Command. They serve Jones Act trade routes and play an important part in moving material and equipment when U.S. Flag Carriage is required. What’s happening in the industry?
California’s recently announced Sustainable Freight Action Plan calls for truck, rail and waterborne transportation to dramatically reduce carbon emissions by 2030, and will require California to “accelerate public investments” in the maritime, trucking and rail sectors, according to the Pacific Merchants Shipping Association (PMSA).