Increasingly high rents charged to chassis providers by the Port Authority of New York and New Jersey could hurt the port's overall competitiveness, says Dennis Daggett, executive vice president of the International Longshoremen’s Association.
The maritime information provider and creator of the famed Baltic Dry Index will work closely with shipbrokers and end-users to create new freight rate benchmarks and indices to be launched later this year, according to Baltic Exchange CEO Mark Jackson.
The recently formed shipowner started by investment and asset firm MPC Capital announced the acquisition of seven initial containerships on Monday, with an additional six on the way.
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Japanese ocean carrier Mitsui O.SK. Lines in March agreed to purchase 2,000 40-foot (FEU) and 200 20-foot (TEU) refrigerated containers, MOL said in a statement Friday.
However, the Baltic and International Maritime Council said the performance of the new ocean carrier alliances that set sail at the beginning of the month will be key in 2017.
Container freight rates in the eastbound transatlantic trade jumped 33 percent from last week, while China-U.S. West Coast prices grew 11 percent, according to the latest data from the Freightos International Freight Index.