U.S. Ports forge alliances to keep their posts on trade map
Erica E. Phillips, April 2, 107, The Wall Street Journal
U.S. seaports are joining forces, setting aside decades of regional competition over cargo as a wave of consolidation in the shipping industry threatens to cut some cities out of global trade routes.
Shipping regulators are reviewing a proposal by the port authorities of Georgia and Virginia to discuss coordinating some operations, including investments in new equipment and negotiations with shipping lines. The ports of Seattle and Tacoma, Wash. merged most operations in 2015. The nation’s busiest ports, in Los Angeles and Long Beach, Calif., are sharing more data since severe congestion brought operations to a near halt along the West Coast two years ago.
The deals are a response to unprecedented consolidation in the shipping industry. The world’s top ocean carriers have formed three alliances that went into operation at the start of this month and will control 90% of shipments on major global trade routes. They plan to save money by packing more cargo on larger ships that make fewer stops.
Shipping traffic up for the year despite slow Lunar New Year, Seaport Alliance says
Kate Martin, April 3, 2017, The News Tribune
Lunar New Year in February can put a damper on container traffic volumes at the start of the year.
Not this time, according to numbers from the Northwest Seaport Alliance.
The Tacoma-Seattle container terminal partnership announced last week that container volumes through Feburary were up by 8 percent compared with the same time last year, to 566,186 TEUs, or 20-foot-equivalent container units.