Container Terminal

LA/Long Beach ports delay excess container dwell fees until Nov. 29

Two large container ships at a port, with cranes and containers on the docks.

The ports of Los Angeles and Long Beach for a second time have postponed collection of a new surcharge on long-dwelling containers, saying progress by ocean carriers and shippers has reduced the amount of aging containers on the docks by a third. Fees will not be assessed before Nov. 29, the port authorities said Monday.

The penalties of $100 per day on loaded import containers moving by truck that sat for nine or more days, and for units sitting for six or more days that move by rail, were...

https://www.freightwaves.com/news/lalong-beach-ports-delay-excess-container-dwell-fees-until-nov-29

Key stevedoring results 2020–21

Pictured: a container terminal with box ships being worked (upper right). Photo credit: Chuttersnap via Unsplash.

We now know a little bit more about the stevedoring market in Australia following the publication of this year’s Australian Competition & Consumer Commission’s Container Monitoring report.

Australian Stevedores

Total revenues: AUD$1,665 million

Total costs: AUD$1,356 million

Profit margin: 20.8% (up 10.9 percentage points)
(Earnings before interest, tax and amortisation as a percentage of...

https://www.shippingaustralia.com.au/key-stevedoring-results-2020-21/

CMA CGM acquiring Port of LA’s Fenix Marine Services

The CMA CGM Group announced it will become the sole owner of the Fenix Marine Services (FMS) terminal at the Port of Los Angeles by acquiring the remaining 90% stake in a deal with an enterprise value of $2.3 billion. 

“After closing, the CMA CGM Group will take over the operations of this strategic industrial facility with a goal of improving its service quality to better deliver upon its customers’ expectations,” Wednesday’s announcement said.  

The French shipping giant already held a 10%...

https://www.freightwaves.com/news/cma-cgm-acquiring-port-of-las-fenix-marine-services

Ocean carriers will pass on fines for lingering containers to importers

Rail-mounted gantry cranes cull container stacks at the Port of Long Beach.

Logistics industry professionals say retailers and other cargo owners will ultimately bear the cost of drastic new fees announced Monday by the ports of Los Angeles and Long Beach in response to mounting congestion disrupting the entire U.S. economy. 

The fees ostensibly penalize ocean carriers for not quickly clearing out imported containers piling up in their terminals, but a lack of details in the press release left freight industry stakeholders confused about how the rules will be applied.

The...

https://www.freightwaves.com/news/ocean-carriers-will-pass-on-fines-for-lingering-containers-to-importers

Port of Melbourne invests to accommodate bigger ships

Pictured: a container ship underway. Photo credit: Cameron Venti via Unsplash.

Port of Melbourne will extend Webb Dock East Berth 4/5, enabling more ships to be berthed at the port.

WDE was completed in 2016 as part of the Port Capacity Project with a berth length of 660 metres, enabling two vessels of 300 metres to be berthed concurrently.

The design vessel was envisaged as being 300 metres long, 40 metres beam (wide) and 14 metres maximum draught.

However, there has been an increasing number...

https://www.shippingaustralia.com.au/port-of-melbourne-invests-to-accommodate-bigger-ships/

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