Search results for: Beneficial Cargo Owners

41029 results

A list of search results

  • 19 September 2017
    Business & Finance

    Contract freight rates paid by Beneficial Cargo Owners (BCOs) to move their products by container have increased for a 4th consecutive quarter, shipping consultancy Drewry said. Average contract rates on two major container trade routes, from Asia to North Europe and North America, have increased by another 4% between the second and the third quarter […]

  • 23 April 2015
    Business & Finance

    The North Carolina State Ports Authority posted a 20 percent container volume increase in the third quarter of its fiscal year over the same period from last year. A significant increase was seen specifically in the month of March (34 percent increase year-over-year). The Port of Wilmington is on pace to handle the most 20-foot […]

  • 30 March 2015
    Business & Finance

     German handysize operator Hamburg Bulk Carriers (HBC) has added 11 bulk carriers originating from the German banking sector to their 3rd party management business. The latest addition to the fleet is comprised of bulk carriers ranging between 53,000 and 82,000 dwt, supplementing the traditional HBC fleet within the handy bulk segment.  The identity of the previous […]

  • 5 March 2018
    Business & Finance

    Chainalytics and Drewry have partnered to launch an ocean freight procurement solution for shippers.

  • 12 January 2017
    Business & Finance

    International transport and logistics executives are increasingly benchmarking their companies’ costs and supplier terms in ocean transport contracts, according to shipping consultancy Drewry. In the past 6 months, the ocean transport spend under carrier contracts benchmarked by beneficial cargo owners (BCO) increased by 50% to USD 2.2 billion. The number of benchmarked routes rose by […]

  • 1 April 2020

    MSC develops Suspension of Transit container shipping programme to prepare for after COVID-19 demand recovery.

  • 22 August 2016
    Business & Finance

    Headhaul demand growth in the Asia-North Europe trade remains muted and this year’s third quarter peak season is proving uninspiring for the carriers, according to shipping consultancy Drewry. Westbound volumes rose year-on-year by 1.8% in the second quarter, following a 1.2% rise in the first three months of 2016. April’s uplift of 7.7% followed on from […]

  • 24 October 2016

    The recent rally in Asia to Europe spot market rates has improved carriers’ chances of securing higher 2017 contract rates, according to shipping consultancy Drewry. It has been another typically volatile year as far as the spot freight rate market is concerned with the weekly ups and downs once again being most obvious in the high-volume […]

  • 3 October 2018
    Business & Finance

    Drewry: Unease among global shippers/BCOs and freight forwarders rising ahead of IMO’s 2020 rule.

  • 6 November 2014
    Business & Finance

    U.S. Vice President Joe R. Biden, Jr. will deliver the  keynote address on Wednesday , November 12, at the American Association of Port Authority’s (AAPA) 103rd Annual Convention and Expo in Houston, hosted by the Port of Houston Authority. Vice President Biden is a strong proponent of America’s ports, as evidenced by recent visits to […]

  • 27 March 2017
    Business & Finance

    The new alliance set-up coincides with a weak start to the year for headhaul volumes from Asia to West Coast North America – boding ill for Beneficial Cargo Owner (BCO) contracts, shipping consultancy Drewry informed. According to Piers data, covering US port traffic only, the first two months of 2017 saw volumes from Asia to USWC […]

  • 18 October 2019
    Business & Finance

    Canada-based Global Container Terminals (GCT) has joined the TradeLens supply chain platform.

  • 2 July 2014
    Business & Finance

    Drewry’s 2Q14 Container Forecaster highlights that there is a widening gap between the positive financiáis of the few carriers really focused on cutting costs and the rest of the top 20 lines, as they battle with the pressure of falling freight rates.   Drewry forecasts that once again, average freight rates will be lower than […]

  • 6 July 2016
    Business & Finance

    Container freight rates are forecast to rise modestly over the next 18 months from the all-time lows reached recently, but this will not be sufficient to rescue the industry from substantial losses in 2016, according to shipping consultancy Drewry. Liner shipping has had a torrid time so far in 2016 with spot freight rate volatility reaching unprecedented levels, while […]

  • 12 June 2015

    LNG bunkering is a potential market for America’s natural gas resources, Commissioner William P. Doyle of the Federal Maritime Commission said on Wednesday.

  • 12 June 2015

    LNG bunkering is a potential market for America’s natural gas resources, Commissioner William P. Doyle of the Federal Maritime Commission said on Wednesday.

  • 6 January 2015
    Business & Finance

    Container shipping profitability is expected to improve in 2015, despite record vessel deliveries, driven by lower unit costs, according to the latest edition of the Container Forecaster, published by shipping consultancy Drewry. The global fleet is expected to grow 7.2% in 2015, a faster pace than demand which is forecast to expand at a more […]

  • 9 February 2012
    Business & Finance

    The Mediterranean Shipping Company has added Savannah to its weekly Golden Gate Service between the East Coast and Asia. The 12-vessel service includes the largest ships ever to call on Georgia’s deepwater ports. “The 9,000-TEU class vessels included in this Suez Canal route represent the future of U.S.-Asia shipping,” said Georgia Ports Authority Executive Director […]

  • 28 June 2018

    The level of customers’ satisfaction with the service quality of container lines is down.

  • 1 December 2017
    Rules & Regulation

    Four industry organizations are calling for united front with regards to safety aspects of the way in which cargo is packed and transported in unit loads across the global supply chain.  During a session of the Intermodal Europe Conference in Amsterdam on November 28, Global Shippers Forum (GSF), ICHCA International, TT Club and the World Shipping […]

  • 4 July 2016
    Business & Finance

    Depressed rates and slowing demand during much of the second quarter have now forced the carriers to withdraw services in their Asia-West Coast North America loops – action which is quite unprecedented just ahead of the third quarter peak season, according to shipping consultancy Drewry. Cosco terminated its America-Asia Container (AAC) loop which connected North and […]

  • 25 November 2014
    Business & Finance

    Since September the spot market on Asia – North Europe trade routes has tracked a similar course of falling rates to that of last year, and therefore it is difficult to foresee that the westbound Beneficial Cargo Owner (BCO) rate fixtures for 2015 will be any higher than this year, according to Drewry. The November 1 […]