MSC to Challenge Maersk Line as Top Carrier

According to the Journal of Commerce: "Mediterranean Shipping Co. will challenge Maersk Line as the world’s biggest ocean carrier over the coming four years, as it boasts the biggest order book for new vessels, according to industry analyst Alphaliner.

With new orders totalling 572,000 20-foot-equivalent units since 2009, Swiss-based MSC will narrow the gap with Maersk Line from 250,000 TEUs to less than 100,000 TEUs within four years. Alphaliner expects the current top 5 carriers – Maersk, MSC, CMA CGM, Evergreen and Coscon – to maintain their rankings through September 2016."

Read the entire story here: Journal of Commerce

American Association of Port Authorities wants congress to approve new WRDA bill

According to the Journal of Commerce, The AAPA wants a WDRA (Water Resources Development Act) bill that would require all harbor maintenance tax revenue to be spent on dredging, that would streamline the permitting process, and that would create a way to identify and advance needed projects in the absence of congressional rearmarks (the last WRDA that passed was in 2007). The Port Authority has spent close to $2.3 billion on their infrastructure since 2001.

 Read the whole story at joc.com