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The latest
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News & Analysis
APL to Implement Trans-Pacific Peak-Season Surcharge
JOC Staff |
Container lines
Rederi AB TransAtlantic Appoints Hansen Interim CFO
JOC Staff |
Swedish shipping company Rederi AB TransAtlantic has appointed Erik Hansen as interim CFO, effective immediately.
Container lines
G6 Alliance to Maintain Five Asia-Europe Loops
JOC Staff |
The G6 Alliance today announced that it will maintain the current five-loop product structure for its Asia-North Europe service in 2013.
Container lines
Suez the Catalyst for East Coast Growth
Peter T. Leach, Editor-at-Large |
Container lines
Grimaldi Group to Open Terminal at Port of Barcelona
JOC Staff |
The Grimaldi Group this week laid the foundation stone for the new Grimaldi Terminal Barcelona at the Muelle Costa in the Port of Barcelona in Spain.
Container lines
Ireland’s EU Presidency to Focus on Trade
JOC Staff |
Ireland, which took over the presidency of the Council of the European Union on Jan. 1, has made trade one of its top priorities, according to the European Parliament.
Container lines
UASC Revises France Terminal-Handling Charges
JOC Staff |
United Arab Shipping Co. has revised its France origin terminal-handling charges on U.S. imports, effective Feb. 15.
Container lines
Maersk Line to Call at Krishnapatnam Terminal
JOC Staff |
Container lines
Carriers, Shipowners Push Hong Kong to Regulate Emissions
JOC Staff |
In his 2013 policy address, Hong Kong’s Chief Executive CY Leung announced that the government will consider introducing new legislation to require marine vessels to switch to low-sulphur diesel in Hong Kong port...
Container lines
Piracy Falls to Five-Year Low
JOC Staff |
Pirates attacked 297 ships in 2012, a five-year low and a 32 percent decrease compared with 2011’s 439 ship attacks, according to a global piracy report by the International Chamber of Commerce’s International Maritime Bureau.
Container lines
Seaspan Orders Five 14,000-TEU Container Ships
JOC Staff |
Hong Kong-based container ship lessor Seaspan has signed contracts for the construction of five 14,000-TEU container ships at Hyundai Heavy Industries.
Container lines
TOTE Services’ President Aguirre to Retire
JOC Staff |
Ship management company TOTE Services, a division of Princeton, N.J.-based TOTE, has announced that its president, Jorge Aguirre, will retire on Jan. 31.
Container lines
Maersk Line Announces Rate, Congestion Surcharge Changes
JOC Staff |
Maersk Line will implement a general rate increase from India to Latin America on Feb. 1.
Container lines
North American ports
Maersk: Industry Needs to Hike Asia-Europe Rates
JOC Staff |
A.P. Moller-Maersk, owner of ocean carrier Maersk Line, said the container shipping industry needs to hike rates by $300 to $500 per box on the Asia-Europe trade lane to yield profit, Bloomberg reported.
Container lines
APL to Launch Germany-Poland Service
JOC Staff |
Container transportation company APL is introducing a new weekly service between Germany and Poland.
Container lines
Trailer Bridge Names Dombalis CEO
JOC Staff |
Jacksonville, Fla.-based trucking and marine freight company Trailer Bridge’s board of directors has appointed Chris J. Dombalis as a board member and CEO of the company, effective Jan. 16.
Container lines
OOCL Decreases Montreal’s Low Water Surcharge
JOC Staff |
Orient Overseas Container Line has decreased its low water surcharge for all cargo shipments via the Port of Montreal, effective Feb. 1, following the latest projections for improved water levels in the Canadian St. Lawrence River.
Container lines
Ocean Carriers Betting on Suez Services
Peter T. Leach, Editor-at-Large |
Ocean carriers are planning to beef up the capacity of their services from Asia to the U.S. East Coast via the Suez Canal this year while consolidating or even reducing the number of all-water loops deployed via the Panama Canal.
Container lines
Vigor Industrial Buys Large Floating Drydock
JOC Staff |
Vigor Industrial has signed a deal with Daoda Marine Heavy Industry Company to buy a new floating drydock for $40 million.
Container lines
Ocean Carriers Face Strong Supply, Weak Demand
JOC Staff |
Container lines
New Hapag-Lloyd Baltic Feeder Service Sets Sail
JOC Staff |
Hapag-Lloyd has launched the Poland Express Service, a new weekly fixed-day route to and from Gdynia, Poland, to Hamburg and Bremerhaven in Germany.
Container lines
CMA CGM Announces Rate Hikes [Updated]
JOC Staff |
French ocean carrier CMA CGM announced several rate hikes that will take effect in February and March.
Container lines
Slump in China-India 2012 Trade Anticipated
Mike King, Special Correspondent |
Final year figures are expected to show that trade between China and India suffered a major slump in 2012 despite a softening in political relations between the two countries that have previously clashed over borders.
Container lines
Kwon Joins Board of Container Owners Association
JOC Staff |
The Container Owners Association, which represents container shipping lines and container leasing companies, has appointed O I Kwon, senior vice president of the container business management division of STX Panocean...
Container lines
US-Latin Trade: En Fuego
Bill Mongelluzzo, Senior Editor |
Container lines
India's Trade Deficit Widens More Than 7 Percent
JOC Staff |
In December 2012, India’s exports were valued at $24.9 billion, falling 1.9 percent from $25.3 billion in the same month the previous year, and imports were valued at $42.5 billion, rising 6.3 percent from December 2011’s $40.0 billion...
Container lines
Hapag-Lloyd Postpones Possible US Congestion Surcharge
JOC Staff |
Hapag-Lloyd has revised the application date of the congestion surcharge that it plans to apply in the event of an International Longshoremen’s Association strike.
Container lines
ABG Shipyard to Build $912 Million Facility in Gujarat, India
JOC Staff |
Indian shipbuilder ABG Shipyard has announced its plans to build a greenfield shipyard in three phases along the Indian state of Gujarat’s coastline, representing an investment of about US$912 million.
Container lines
US Trade Deficit Expanded Almost 16 Percent in November
JOC Staff |
The U.S. trade deficit was $48.7 billion in November 2012, widening 15.7 percent from $42.1 billion (revised) in October 2012, reported the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.
Container lines
Global Port Tracker Forecasts Import Growth
JOC Staff |
Containerized imports should be higher each month over the next five months as U.S. retailers replenish their stocks for the new year, according to the Global Port Tracker published by the National Retail Federation and Ben Hackett Associates.
Container lines
Hapag-Lloyd Announces New Venezuela Service
JOC Staff |
German carrier Hapag-Lloyd has announced a new service between Guaranao and El Guamache ports in Venezuela.
Container lines
SCI to Raise Rates From India to Europe
JOC Staff |
Container lines
Cosco, Sinotrans to Cooperate on China-Japan Services
JOC Staff |
Container lines
Maersk Sees Strong Demand on Europe-Asia Trade
Mike King, Special Correspondent |
Maersk Line predicts strong demand on Europe-Asia trades through to Chinese New Year on February 10.
Container lines
Hapag-Lloyd Hikes Rates for Refrigerated Cargoes in North Europe-West Africa Trade
JOC Staff |
German carrier Hapag-Lloyd will increase rates on its trade between North Europe, including the U.K., and West Africa, effective Feb. 1.
Container lines
Cool Cargo News
China’s Exports Bounce Back, But Outlook Weak
Mike King, Special Correspondent |
Chinese exports ended 2012 surprisingly strongly, but economists expect the rebound to be short-lived.
Container lines
Panama Canal Authority OKs Start of Atlantic-Side Bridge Construction
JOC Staff |
The Panama Canal Authority has issued a notice to Vinci Construction Grands Projets to start building a bridge on the Atlantic side of the canal.
International ports
Container lines
Forwarding
MOL Announces New Terminals for LA, Oakland Calls
JOC Staff |
Japanese carrier Mitsui O.S.K. Lines has announced changes to its APX service, which runs between North America and Europe, and CNY service, which travels between Asia and the U.S. East Coast and West Coast and Panama.
Container lines
Maersk Keeps Congestion Surcharges Waiting in the Wings
JOC Staff |
Maersk Line postponed the effective date of its proposed congestion surcharge at West Coast ports until Feb. 14.
Container lines
North American ports
Drewry Sees Carrier Profitability Hinging on Capacity
Joseph Bonney, Senior Editor |
Container lines could earn nearly $5 billion this year, but only if demand meets projections.
Container lines
Forwarding
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