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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Exporter Pleads Guilty to Fraud
John D. Boyd |
A Miami exporter of heavy equipment for the construction, farm and trucking industries pleaded guilty this week to trying to defraud the U.S.
Transport, Trade, and Regulation News
Forwarding
U.S. Steel Imports Rise in May
Peter T. Leach |
U.S. steel imports increased by 4.7 percent in May to 2.2 million tons from 2.1 million tons in April, the American Institute for International Steel said Friday.<br /> <br />
Transport, Trade, and Regulation News
Forwarding
NY-NJ Port Authority Acquires Global Terminal
Peter T. Leach |
The Port Authority of New York and New Jersey acquired the 98-acre Global Terminal on the Port Jersey peninsula in Jersey City and Bayonne.<br /> <br />
Maritime
Forwarding
Shipowner Goldenport to Sell Shares
Bruce Barnard |
Goldenport Holdings, the London-listed containership and bulk carrier owner, announced a new $35 million share offering June 25 to fund future vessel acquisitions.<br /> <br />
Maritime
Container lines
Forwarding
German Ship Financiers Take a Break
Joseph Bonney |
German KG investment funds that bankrolled much of the last decade’s container shipbuilding boom have cut back on lending, but speculation about their demise is “total nonsense,” say
Maritime
Container lines
Forwarding
Three Lines Start Asia-Europe Sharing Agreement
JOC Team |
Evergreen Line, China Shipping and CMA CGM will work together to launch an upgraded Asia-Europe AEX7 service.<br /> <br />
Maritime
Container lines
Forwarding
Maritime Shipping Carriers Hold Off on Increasing Services
Bill Mongelluzzo |
Vessel utilization factors on services between Asia and the U.S.
Maritime
Forwarding
NY-NJ Port Authority Buys Bayonne Land for Terminal
Peter T. Leach |
The Port Authority of New York and the State of New Jersey agreed to purchase approximately 130 acres of property at the Marine Ocean Terminal at Bayonne, known as MOTBY, which it has been seeking for
Maritime
Forwarding
Two Lines Launch Singapore-Malaysia-India Service
JOC Staff |
Regional Container Lines of Thailand and Middle East-based Simatech Shipping plan to launch a joint container service linking Singapore, Malaysia and the Indian subcontinent, effective this month.<br
Maritime
Container lines
Forwarding
Evergreen, Wan Hai to Launch China-ASEAN Loop
Peter T. Leach |
Evergreen Line and Wan Hai Lines will launch the joint Hwa-Bei Strait Service starting early July between China and Southeast Asia.<br /> <br />
Maritime
Container lines
Forwarding
OOCL Hikes Asia-Europe Rates
Peter T. Leach |
OOCL notified its customers Friday that it will rates on westbound cargo from Asia to Europe cargo as of July 15.<br /> <br />
Maritime
Container lines
Forwarding
CSAV All-Water Loop Makes First Charleston Call
Peter T. Leach |
The first ship on CSAV’s new, weekly all-water service between North Asia and the U.S. East Coast made its first call at the Port of Charleston Thursday on its outbound leg back to Asia.<br />
Maritime
Container lines
Forwarding
APM Terminals, Virginia Ports OK 20-Year Lease
Peter T. Leach |
APM Terminals and the Virginia Port Authority each authorized their leadership Thursday to sign an agreement that will lease APM Terminals’ highly automated Portsmouth container terminal to VPA
Maritime
Forwarding
FMC to Report Progress on Capacity Inquiry
R.G. Edmonson |
The Federal Maritime Commission announced Thursday that Chairman Richard A. Lidinsky Jr. and Commissioner Rebecca F.
Maritime
Forwarding
CP Signs Deals with Vancouver Box Terminals
John D. Boyd |
Canadian Pacific Railway signed new productivity and performance agreements with the two intermodal terminals at the big container port of Port Metro Vancouver, British Columbia, in deals the partners
Rail News
North-American rail
Forwarding
Georgia Ports Authority to Repower Cranes
Peter T. Leach |
The Georgia Ports Authority will replace the engines on 17 of its older rubber-tired gantry cranes with more efficient engines that reduce carbon emissions as the result of the $2.72 million grant it
Maritime
Forwarding
Container Lines to Launch Asia-Australia Service
JOC Staff |
A consortium of Hapag-Lloyd, United Arab Shipping Company, Hyundai Merchant Marine and China Shipping Container Lines will launch a container service between Southeast Asia and Australia, starting in
Maritime
Container lines
Forwarding
Japanese Exports Surge 32.1 Percent
Hisane Masaki |
Japan posted a trade surplus with the rest of the world for the 14th consecutive month in May thanks to strong exports, especially to the other Asian economies, according to preliminary figures releas
Maritime
Forwarding
Cheng Lie Starts Three New Loops
Peter T. Leach |
Cheng Lie Navigation, the Taiwanese carrier that is majority-owned by CMA CGM, is launching three new services and upgrading a service linking China to Southeast Asia to meet growing demand on the int
Maritime
Container lines
Forwarding
Boxship Supply, Demand Coming into Balance
Joseph Bonney |
Container ship supply will grow more slowly than forecast, allowing demand to catch up with capacity by 2015 and support higher rates, an industry analyst predicts.<br /> <br />
Maritime
Container lines
Forwarding
Container Surge Presses Virginia Harbor Truckers
William B. Cassidy |
A steady increase in container traffic is putting pressure on drayage operators at the Port of Virginia, including Wyatt Transfer, a Richmond, Va., port trucker.<br /> <br />
Trucking News
Trucking labor
Forwarding
Former NYK Chief Seeks Shipping Line, Trucking Partnerships
William B. Cassidy |
Ocean shipping lines and trucking companies must cooperate more closely to move freight efficiently through their customers' integrated global supply chains, a maritime industry leader told trucking e
Maritime
Trucking News
LTL
Forwarding
World Shipping Council Names New Director
JOC Team |
The World Shipping Council said it appointed Morten H. Engelstoft, chief operating officer of Maersk Line to its board to fulfill the unexpired term of retiring director, Knud Pontoppidan of A.P.
Maritime
Container lines
Forwarding
Vancouver Container Imports Hit 20-Month High
JOC Staff |
Containerized imports at Canada’s Port Metro Vancouver grew 41.4 percent in May to the highest level in 20 months, according to the Vancouver Fraser Port Authority. <br /> <br />
Maritime
Forwarding
Harbor Trucking Faces Peak Season ‘Meltdown’
Bill Mongelluzzo |
The start of the peak-shipping season is still more than a month away, but marine terminal congestion in Los Angeles-Long Beach is mounting so rapidly that harbor truckers are in a state of panic.<br
Maritime
Forwarding
Trucking labor
North American ports
PSA Acquires Terminal at Port of Chennai
JOC Staff |
Port terminal operator PSA International took full ownership of the second container terminal at India’s southeastern Port of Chennai, after buying out its local partner’s stake in Chennai
Maritime
Forwarding
Maersk, CMA CGM, MSC Restore Trans-Pacific Container Service
Peter T. Leach |
With capacity tight and demand strong on the trans-Pacific trade, the world’s three largest container lines are restoring a joint service to the U.S.
Maritime
Container lines
Forwarding
MSC Hikes Asia-North America Rates
Peter T. Leach |
With capacity tight and vessel demand strong entering the peak season, Mediterranean Shipping Co.
Maritime
Container lines
Forwarding
Hanjin Gets First 10,000-TEU Ship
Peter T. Leach |
Hanjin Shipping took delivery of its first container ship with a capacity of 10,000 20-foot equivalent containers units on Wednesday.<br /> <br />
Maritime
Container lines
Forwarding
LA-LB Tops Port Real Estate Index
Joseph Bonney |
The Los Angeles-Long Beach port area ranks first in a new index that rates the desirability of U.S. seaports for industrial development and investment.<br /> <br />
Maritime
Forwarding
North American ports
First US Corn in 15 Years Reaches China
Bill Mongelluzzo |
A shipload of U.S. corn on Tuesday started unloading in China, marking the first significant shipment of corn that China has imported from the U.S. over the past 15 years.<br /> <br />
Maritime
Forwarding
New MOL President Outlines Goals
Peter T. Leach |
The growth of demand from emerging economies, especially China, is helping the global shipping industry recover from recession faster than forecast and will absorb excess vessel capacity, the new pres
Maritime
Container lines
Forwarding
APL Launches Vessel for Asia-India Service
JOC Staff |
Ocean container carrier APL held a naming ceremony for the APL Sri Lanka, a newly built vessel, at the state-owned Jaya Container Terminal in Colombo, Sri Lanka.<br /> <br />
Maritime
Container lines
Forwarding
New Container Prices Hit 19-Year High
Bruce Barnard |
Prices for new maritime containers are close to the highest point in 20 years, driven by a rush of new orders from ocean carriers and container leasing companies in response to a growing shortage of b
Maritime
Container lines
Forwarding
Crowley Reorganizes Management Functions
Peter T. Leach |
Crowley Maritime is realigning its liner and logistics sales, pricing, customer service and marketing groups and reassigning several of its senior executives to new responsibilities.<br /> <br />
Maritime
Container lines
Forwarding
Steel Demand Pushes Seaway, Lakes Traffic
Courtney Tower |
Rebounding demand for steel and the iron ore to make it is causing an 18 percent increase in St.
Maritime
Forwarding
United Seamen's Service Picks 2010 AOTOS Winners
Peter T. Leach |
The United Seamen's Service said it will award its Admiral of the Ocean Sea Awards for 2010 to Thomas J. Bethel, national president of American Maritime Officers, and to William A.
Maritime
Container lines
Forwarding
CSAV Panama Service Makes First East Coast Calls
Joseph Bonney |
Chilean carrier CSAV called APM Terminals' New York-New Jersey terminal Monday on the initial voyage of the carrier's new Panama Canal service from Asia to Central America, the Caribbean and the U.S.
Maritime
Container lines
Forwarding
Trans-Pacific Container Market Surging
Bill Mongelluzzo |
The surge in imports from Asia that has caught carriers and their customers by surprise will continue at least into the autumn peak-shipping season, says a shipping executive.<br /> <br />
Maritime
Container lines
Forwarding
Supreme Court Backs “K” Line, UP in Liability Case
R.G. Edmonson |
The U.S.
Transport, Trade, and Regulation News
Forwarding
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