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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
US Steel Imports Climb 18.6 Percent in July
Peter T. Leach |
U.S.
Maritime
Forwarding
Maersk Names Asia-Pacific Chief
Peter T. Leach |
Maersk Line named Thomas Knudsen as the regional head of its Asia Pacific business based in Singapore, where he will be responsible for the execution of the Danish carrier’s day-to-day operations in S
Maritime
Container lines
Forwarding
Crowley Acquires Puerto Rican Logistics Provider
Peter T. Leach |
Crowley Maritime acquired Puerto Rican logistics provider Islandwide Air and Ocean, and entered into an agreement with its sister company, Islandwide Logistics, to provide services such as warehouse m
Maritime
Container lines
Forwarding
Indian Inquiry Blames Khalijia-3 for Collision
Peter T. Leach |
The inquiry by India's Director General of Shipping found the MV Khalijia-3 was mainly responsible for the <a target="_blank" href="/maritime/ships%E2%80%99-collision-closes-nehru-port-mumbai"><u>coll
Maritime
Container lines
Forwarding
Start-Up Container Line Loses $3 Million
Joseph Bonney |
The Containership Co., which began no-frills service from China to Los Angeles in April, reported a $3 million net loss on $21.2 million in revenue during the first half of its first year.
Maritime
Container lines
Forwarding
Imports Peaked in July, Port Tracker Says
Joseph Bonney |
Imports through top U.S.
Maritime
Forwarding
Reed Smith Expands Maritime Practice
Peter T. Leach |
Reed Smith LLP said it is expanding its shipping practice through the addition of Lars Forsberg as a partner in the firm’s New York office. <br /><br />
Maritime
Forwarding
Hong Kong Volume Grows 9.7 Percent in July
Joseph Bonney |
Container volume through Hong Kong rose 9.7 percent in July after growing by double digits in each of the year’s first six months, the Hong Kong Port Development Council reported. <br /><br />
Maritime
Forwarding
Strike Disrupts Cargo Handling at Indian Ports
JOC Staff |
A 24-hour general strike by major trade unions severely disrupted operations at several Indian ports Tuesday. <br /><br />
Maritime
Forwarding
Panama Canal, Antwerp Sign Cooperation Pact
Peter T. Leach |
The Panama Canal Authority and the Antwerp Port Authority signed a memorandum of understanding on Tuesday that is the first of its kind between the Panama Canal and a European port. <br /><br />
Maritime
Forwarding
Maersk Says Slow Steaming Here to Stay
Bruce Barnard |
Slow steaming by container ships, introduced during the recession to absorb capacity and cut costs, is here to stay, according to Maersk Line, the world's largest ocean carrier. <br /><br />
Maritime
Container lines
Forwarding
Hamburg Sud Christens Ship in Mexico
Peter T. Leach |
Hamburg Sud christened the first of two identical container ships, both of which have a slot capacity of 4,600 20-foot equivalent container units, in Mexico on Saturday. <br /><br />
Maritime
Container lines
Forwarding
Canada’s Ports Look to U.S.
Courtney Tower |
Chris Badger is worried about competition from both coasts of North America. <br /> <br />
Maritime
Forwarding
For U.S. Ports, Recovery Is a Mixed Box
Peter T. Leach |
The recovery for the largest U.S.
Maritime
Forwarding
Jobless Rate Rises To 9.6 Percent
Joseph Bonney |
The U.S. unemployment rate edged up to 9.6 percent in August from 9.5 percent in July as weak hiring by private employers failed to keep pace with an increase in people looking for work. <br />
Transport, Trade, and Regulation News
Forwarding
MSC to Boost Rates from North America
Peter T. Leach |
Mediterranean Shipping Co. said it will increase freight rates on its services between North America and Europe and the Mediterranean as of Oct. 1. <br /><br />
Maritime
Container lines
Forwarding
Congestion at LA-Long Beach Terminals Dissipates
Bill Mongelluzzo |
The congestion at marine terminals in Los Angeles-Long Beach that has plagued harbor truckers for much of the year is beginning to dissipate, thanks to a working group formed by truckers, the ports an
Maritime
Forwarding
North American ports
DP World Becomes No. 3 Terminal Operator
Peter T. Leach |
DP World became the world’s third-largest terminal operator, according to the latest rankings of global operators by Drewry Shipping Consultants, which based the rankings on container throughput last
Maritime
Forwarding
Oil Platform Explodes in the Gulf of Mexico
Janet Nodar |
The offshore oil platform Vermillion 380 blew up Thursday morning in the Gulf of Mexico, catching on fire and forcing 13 workers into the water.
Maritime
Forwarding
Maersk Names Head of Investor Relations
Peter T. Leach |
A.P. Moller-Maersk appointed Henrik Lund as head of the group’s investor relations function. <br /><br /> He replaces Anders Mohr Christensen. <br /><br />
Maritime
Container lines
Forwarding
Port of LA Will Phase in Clean-Truck Mandate
Bill Mongelluzzo |
The Port of Los Angeles says it will phase in the requirement for employee drivers in port trucking now that the country's largest port has approval from a federal judge to implement portions of the c
Maritime
Trucking labor
Forwarding
MSC Returns Some Calls to Maher Terminal
Peter T. Leach |
Mediterranean Shipping Co. switched calls by two of its trans-Atlantic services, USA 1 and 2, back to Maher Terminal from the Port Newark Container Terminal as of Sept. 1. <br /> <br />
Maritime
Container lines
Forwarding
US to Update Transshipment Practices
R.G. Edmonson |
The U.S.
Transport, Trade, and Regulation News
Forwarding
CMA CGM Swings to First Half Profit
Bruce Barnard |
French ocean carrier CMA CGM swung to a first half net profit of $864 million from a year earlier loss of $518 million on higher traffic volume and freight rates combined with lower costs.
Maritime
Container lines
Forwarding
Spot Rates Slip as Container Ship Capacity Rises
Joseph Bonney |
Spot rates on key container shipping routes are weakening as growth in volume is outstripped by a 19 percent year-to-date increase in vessel capacity. <br /><br />
Maritime
Container lines
Forwarding
Hamburg Attracts Feeder Services
Bruce Barnard |
The port of Hamburg lured several container feeder services from Rotterdam, stemming a year-long loss of market share to its north European rivals. <br /><br />
Maritime
Forwarding
Shipowner Danaos Lost $14.7 Million
Bruce Barnard |
Greek container shipowner Danaos sunk into the red in the second quarter as losses on derivatives outweighed higher revenue and fatter margins. <br /><br />
Maritime
Forwarding
British Retailer Sues Maersk for $13.9 Million
Peter T. Leach |
The British retailer Argos filed suit in the UK against A.P. Moller-Maersk for $13.9 million, claiming breach of contract in rate increases and services. <br /><br />
Maritime
Container lines
Forwarding
FMC Collects $218,750 in Settlement Agreements
R.G. Edmonson |
Network Shipping, an agent for Del Monte, paid $100,000 to settle charges that it transported empty refrigerated containers to Ecuador and charged below tariff rates on northbound shipments, the Feder
Maritime
Forwarding
Hapag-Lloyd Appoints Chief Commercial Officer
Peter T. Leach |
Hapag-Lloyd announced the hiring of Jesper Praestensgaard as its new chief commercial officer on Tuesday. <br /><br />
Maritime
Container lines
Forwarding
Commerce Department Begins Merging Export Lists
R.G. Edmonson |
The U.S. Department of Commerce this week began the task of merging two lists of export products subject to government control. <br /><br />
Transport, Trade, and Regulation News
Forwarding
Port Congestion Could Resume in Some Sectors
Peter T. Leach |
With global container volume forecast to increase by strong single digits annually in the next five years, port congestion could once again become a problem, says an analyst. <br /><br />
Maritime
Forwarding
India to Triple Port Capacity in 10 Years
JOC Staff |
The Indian Shipping Ministry said it plans to augment the country's overall port capacity from the current 1 billion tons to 3.5 billion tons over the next 10 years. <br /> <br />
Maritime
Forwarding
Two Danish Terminals to Combine Facilities
JOC Staff |
Two terminals in the largest Danish port of Aarhus are merging their facilities into one contiguous deepwater berth with one set of truck gates and dedicated rail service. <br /><br />
Maritime
Forwarding
Active Container Fleet Expands 19 Percent
Bruce Barnard |
The active container ship fleet added 2.4 million 20-foot equivalent units since the beginning of the year, putting downward pressure on ocean freight rates, according to a leading industry analyst.
Maritime
Container lines
Forwarding
White House to Establish Export Enforcement Center
R.G. Edmonson |
President Obama will sign an executive order to establish a center for coordinating export control enforcement, the White House said Monday. <br /><br />
Transport, Trade, and Regulation News
Forwarding
NYK to Boost Trans-Atlantic Rates
Peter T. Leach |
NYK said Monday it will increase freight rates on containers moving in both directions on its trans-Atlantic services as of Oct. 1. <br /> <br />
Maritime
Container lines
Forwarding
Thessaloniki Boosts Container Traffic 5.3 Percent
Bruce Barnard |
Thessaloniki, Greece's second largest port, boosted first half container traffic 5.3 percent from a year ago to just over 155,000 20-foot equivalent units. <br /><br />
Maritime
Forwarding
OOCL Hikes Trans-Atlantic, Asia-Australia Rates
Peter T. Leach |
OOCL plans to raise rates on Oct. 1 on its services in both directions on the trans-Atlantic and on its services from the Middle East, South and Southeast Asia to Australia. <br /><br />
Maritime
Container lines
Forwarding
Environmental Groups Praise Clean Truck Decision
Bill Mongelluzzo |
Environmental, community and labor organizations Friday praised the decision by a U.S.
Maritime
Trucking labor
Forwarding
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