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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Evergreen, MCC Start Joint Intra-Asia Service
Peter T. Leach |
Evergreen Line is entering into a vessel-sharing agreement with intra-Asian carrier MMC Transport to launch the Malaysia - Bangladesh Shuttle service.<br /> <br />
Maritime
Container lines
Forwarding
Drewry Spot Pacific Rate Slides 5.7 Percent
Peter T. Leach |
The Drewry Container Rate Benchmark for trans-Pacific shipping fell 5.7 percent in the week ended Nov.
Maritime
Forwarding
Matson to Raise Rates 3.8 Percent
Bill Mongelluzzo |
Matson Navigation, joining the move by ocean carriers to announce price increases early heading into the New Year, said Thursday it plans to freight rates between Hawaii and the mainland by $120 per w
Maritime
Container lines
Forwarding
Port Metro Vancouver Sets Container Record
JOC Staff |
Port Metro Vancouver hit the high point in container traffic in the port authority’s nearly three years of existence in October, with volume growing 19.5 percent over the same month a year ago.<
Maritime
Container lines
Forwarding
Ports of LA-LB Approve CAAP Update
Bill Mongelluzzo |
The ports of Los Angeles and Long Beach approved an update to their ground-breaking 2006 clean air action that calls for a significant reduction in pollution from vessels and line-haul locomotives.<br
Maritime
Transport, Trade, and Regulation News
Forwarding
North American ports
Container Ships Collide Near Kolkata Port
JOC Staff |
A Bahamas-registered container ship collided with another container vessel Tuesday on the Hooghly river near India’s eastern Port of Kolkata.<br /> <br />
Maritime
Forwarding
APM Terminals Plans Joint Venture with Indian Oil Firm
JOC Staff |
APM Terminals Pipavav, which operates India’s Port of Pipavav, agreed to lease nearly 100 acres of land to Mumbai-based Aegis Logistics.<br /> <br />
Maritime
Forwarding
Maritime Commission Investigation Winds Down
R.G. Edmonson |
The end is near for the Federal Maritime Commission’s high-profile investigation into carrier capacity and equipment shortages.<br /> <br />
Transport, Trade, and Regulation News
Maritime
Container lines
Forwarding
Dockwise Gets Nod for $106 Million Share Issue
Bruce Barnard |
Dockwise secured approval from shareholders Nov. 23 for a $106 million share issue to help pay for the construction of a giant vessel with a lifting capacity of more than 100,000 metric tons.<br />
Maritime
Forwarding
Costamare's Revenues Slip Slightly to $88.6 Million
Bruce Barnard |
Leading containership charter owner Costamare reported lower revenues and profits in the third quarter, but the company said they are optimistic about future growth.<br /> <br />
Maritime
Container lines
Forwarding
APM Terminals Eyes Asian Terminal Acquisitions
Peter T. Leach |
APM Terminals, the terminal-operating arm of A.P.
Maritime
Container lines
Forwarding
Marad to Fund Anti-Invasive Species Program
Peter T. Leach |
The Maritime Administration is providing $4 million to help prevent the spread of invasive aquatic species found in cargo ships plying the Great Lakes and inland waterways, the U.S.
Maritime
Transport, Trade, and Regulation News
Forwarding
Mumbai Port, Users Clash Over Collision Charges
JOC Staff |
A bitter confrontation appears to be brewing between India’s Mumbai Port Authority and user associations over the levy of additional charges on stranded vessels.<br /> <br />
Maritime
Forwarding
European Trade to Grow in 2011, Despite Austerity
Peter T. Leach |
European world trade will maintain its growth next year despite various austerity packages introduced in countries with excessive debt, according to Global Port Tracker.<br /> <br />
Maritime
Forwarding
APL Logistics Starts Cambodia-Vietnam Truck Service
Peter T. Leach |
APL Logistics is starting a service that trucks containers the Cambodian capital of Phnom Penh to Vietnam’s Port of Cai Mep in Vietnam. <br /> <br />
Maritime
Forwarding
Maersk Settles Shipper Suit Over Rates
Bruce Barnard |
London — Maersk Line is settling a $13.9 million lawsuit by British retailer Argos claiming the Danish ocean carrier breached its contract with the shipper for Asia-Europe transport.
Maritime
Container lines
Forwarding
Fast Forward to the Peak
Bill Mongelluzzo |
When 2010 opened, container shipping analysts predicted the federal stimulus program and rebuilding of retail inventories would drive rapid growth in the first half of the year, but imports would slow
Maritime
Container lines
Forwarding
Capacity Constraints, Take Two
Peter T. Leach |
Shippers are more likely to find supply and demand in better balance going into the new year, a year after burgeoning U.S.
Maritime
Forwarding
A 24-Hour Nightmare
R.G. Edmonson |
Shippers, you’re on notice: Even if your cargo isn’t destined for Europe, effective Jan.
Transport, Trade, and Regulation News
Container lines
Forwarding
Waterfront Commission Turns Up the Heat
Joseph Bonney |
A crime watchdog agency’s hearings on New York-New Jersey port labor practices will echo in the next round of longshore contract negotiations.<br /> <br />
Maritime
Forwarding
Commission Weathers Attacks
Joseph Bonney |
The Waterfront Commission is unique to New York-New Jersey, and its history has been intertwined with labor at the port for more than half a century. <br /> <br />
Maritime
Forwarding
Pirates Attack COSCO Cargo Ship
JOC Staff |
China said Friday it was sending a warship to help a COSCO Shipping cargo ship that was attacked by pirates in the Indian Ocean near East Africa. <br /><br />
Maritime
Container lines
Forwarding
Trans-Pacific Carriers Set $400 Base Rate Increase
Bill Mongelluzzo |
Shipping lines in the eastbound Pacific announced a target Friday of increasing freight rates $400 per 40-foot container to the U.S.
Maritime
Container lines
Forwarding
Judge OKs Philadelphia Dredging
Joseph Bonney |
In a big legal victory for the Port of Philadelphia, a federal judge says the Army Corps of Engineers can proceed with plans to dredge 102 miles of the Delaware River to provide the port with a 45-foo
Maritime
Forwarding
NY-NJ Terminals to Close Thanksgiving Day
Thomas L. Gallagher |
All terminals at the Port of New York and New Jersey will be closed Thursday Nov. 25 for Thanksgiving Day. <br /><br />
Maritime
Forwarding
SCI to Launch India-Africa Service
JOC Staff |
The state-owned Shipping Corporation of India will launch a container service between the Indian subcontinent and East Africa, starting at the end of November. <br /><br />
Maritime
Container lines
Forwarding
Daggett Blasts Panel, Defends ILA Worker’s $400K Pay
Joseph Bonney |
International Longshoremen’s Association official Harold Daggett said there’s nothing wrong with off-contract deals that the Waterfront Commission of New York Harbor says provide favored d
Maritime
Forwarding
Drayage Companies Evade Clean-Truck Requirements
Bill Mongelluzzo |
Some drayage companies in Southern California are violating the spirit, if not the letter of the Los Angeles and Long Beach clean-truck requirements, and the ports intend to end these practices soon.
Maritime
Forwarding
North American ports
Truckers Renew Quest to Expedite Clean Trucks Appeal
Bill Mongelluzzo |
The American Trucking Associations petitioned the U.S.
Maritime
Trucking labor
Forwarding
SCI to Sell Stock to Buy New Ships
Peter T. Leach |
The state-owned Shipping Corporation of India plans to conduct a share sale on Nov. 30 that could raise up to $320 million for buying new containerships and tankers. <br /><br />
Maritime
Container lines
Forwarding
Georgia Governor Reported Using GPA for Private Business
JOC Staff |
Georgia Gov.
Maritime
Forwarding
Hapag-Lloyd Suspends Antwerp-NY Shuttle
Bruce Barnard |
Hapag-Lloyd will suspend its weekly Antwerp-New York shuttle service from mid-December in an extended winter program "until the expected market volume returns." <br /><br />
Maritime
Container lines
Forwarding
Container Ship Orders Grow First Time Since 2008
Bruce Barnard |
The global container ship order book grew in October for the first time since July 2008 as new orders outpaced deliveries. <br /><br />
Maritime
Forwarding
MOL Sets Up Joint Tugboat Venture in Vietnam
Peter T. Leach |
MOL formed a tugboat company in Vietnam in a joint venture with two local companies. <br /><br />
Maritime
Container lines
Forwarding
Port of Long Beach to Test Zero Emission Vehicles
Bill Mongelluzzo |
The Port of Long Beach is joining a Calif.-based developer to test zero emission drayage and terminal tractor vehicles. <br /><br />
Maritime
Forwarding
Some Shippers Opt Out of Puerto Rico Antitrust Settlement
Joseph Bonney |
At least 18 large shippers may pursue their own antitrust cases against U.S.-Puerto Rico carriers instead of joining in a $52.25 million settlement of a class-action lawsuit against Horizon Lines, Sea
Maritime
Container lines
Forwarding
CMA CGM Extends Service to West Coast South America
Bruce Barnard |
CMA CGM will extend its Black Pearl service from the U.S. in response to growing market demand in the Caribbean and on the West Coast of South America. <br /><br />
Maritime
Container lines
Forwarding
Retailer J.C. Penney Wants 53-Foot Containers
JOC Staff |
A supply chain executive at J.C. Penney says the retailer hopes to see ocean carriers and logistics operators provide 53-foot containers for U.S.
Transport, Trade, and Regulation News
Forwarding
Army Corps Issues Critical Study of Savannah Deepening
Peter T. Leach |
The U.S.
Maritime
Forwarding
Forwarder Files FMC Complaint Against Damco USA
R.G. Edmonson |
An Indian forwarder filed a complaint with the Federal Maritime Commission against Damco USA and its Danish parent A.P. Moller-Maersk. <br /> <br />
Maritime
Container lines
Forwarding
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