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The latest
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News & Analysis
West Coast Container Movements Swell in April
Bill Mongelluzzo |
Container volumes at West Coast ports followed an upward trend in April, with most of the ports reporting increases in imports and exports.
Maritime
Container lines
Forwarding
North American ports
OOCL Hikes Trans-Atlantic Rates
Peter T. Leach |
With vessel capacity tightening and demand increasing on the trans-Atlantic, OOCL Thursday announced it will increase freight rates in both directions starting July 1.
Maritime
Container lines
Forwarding
Asian Recovery to Strain Infrastructure, APL Warns
Peter T. Leach |
Asian economies are leading the recovery of international container trade volume, but strong growth across the region could see pressure on freight infrastructure re-emerge, a senior executive of cont
Maritime
Container lines
Forwarding
Top Ocean Carriers Lost $15 Billion in 2009
Joseph Bonney |
The world’s top container lines lost an average of $1,500 per 20-foot equivalent unit of fleet capacity while racking up an estimated $15 billion in operating losses last year, AXS-Alphaliner re
Maritime
Container lines
Forwarding
Transport Corp. of India Profit Surges 52 Percent
JOC Staff |
Net profit for Transport Corp. of India surged 52 percent from a year earlier to $9.3 million in fiscal 2009-10 ended March 31, despite an 11 percent increase in operating expenses.
Transport, Trade and Regulation News
Forwarding
Antwerp to Hold Summit, Targets Breakbulk Growth
Bruce Barnard |
Antwerp –The port of Antwerp will hold a breakbulk “summit” next month aimed at boosting its presence in the general cargo sector following a significant decline in traffic in the pa
Maritime
Forwarding
U.S. Steel Exports Jump 29.2 Percent in March
Peter T. Leach |
Exports of U.S. steel mill products jumped 29.2 percent in March from February, according to U.S. Government data.
Transport, Trade and Regulation News
Forwarding
Clean-Trucks Hearing Leads to Probe of Lease Agreements
Bill Mongelluzzo |
The May 5 hearing by the House Committee on Transportation and Infrastructure into the Port of Los Angeles' clean-trucks program may spawn yet another investigation of the program, this one dealing wi
Transport, Trade and Regulation News
Forwarding
Trucking labor
Air Charterer Delivers Help to Oil Spill Fight
Janet Nodar |
Oil spill-fighting equipment from Singapore, China and the UK and a team of salvage specialists from the Netherlands, all on aircraft charters coordinated by UK-based Chapman Freeborn, arrived in New
Air Cargo
Air Cargo Carriers News
Forwarding
Horizon Shareholder Suit Dismissed
Joseph Bonney |
A federal judge in Delaware dismissed a shareholder suit that accused Horizon Lines and six current or former senior officers of misleading investors about a price-fixing conspiracy in the U.S.
Maritime
Container lines
Forwarding
Cargill Expands Panalpina Contract
Thomas L. Gallagher |
Panalpina expects to more than double its shipments with food processing giant Cargill under a large new contract the forwarder announced Wednesday.
Maritime
Forwarding
FMC Sets Speakers for NVO Public Meeting
R.G. Edmonson |
A balance of supporters and opponents of a proposed rule that could change the way non-vessel-operating common carriers do business will have their say before the Federal Maritime Commission on May 24
Transport, Trade and Regulation News
Forwarding
Rate Hikes Follow Rising Volume at Indian Ports
JOC Staff |
Ocean carriers operating to and from India plan to seek general rate increases aimed at taking advantage of surging demand on major trade lanes.
Maritime
Container lines
Forwarding
Breakbulk Freight Rates to Keep Falling
Bruce Barnard |
ANTWERP -- Freight rates for breakbulk and heavy lift cargoes still haven't bottomed out and aren't likely to recover until 2015 at the earliest, a leading industry executive said.
Maritime
Forwarding
APL Joins INTTRA Portal
Peter T. Leach |
APL will join the INTTRA e-commerce portal, giving the platform important new reach in the ocean shipping world, the companies announced Tuesday.
Maritime
Container lines
Forwarding
Seattle Box Imports Soar 70 Percent
JOC Staff |
The Port of Seattle’s import container traffic soared 70 percent in April over the same month a year ago, helping push overall volume at the port to its highest levels since 2008.
Maritime
Forwarding
Rising Consumer Spending Faces Slowdown
Joseph Bonney |
Economists are questioning how long U.S. consumers can maintain their current spending pace in the face of high unemployment, stagnant housing prices and reduced access to credit.
Transport, Trade and Regulation News
Forwarding
Euro Woes Called ‘Minor Speed Bump’ for U.S.
Joseph Bonney |
The embattled euro is poised to drop further but the economic impact on North American economies appears to be limited, economists from IHS Global Insight said.
Transport, Trade and Regulation News
Forwarding
Safmarine Plans Horn of Africa Service
Peter T. Leach |
Safmarine plans to launch its first direct, fully-containerized service between the Far East, the Arabian Gulf and the Horn of Africa next month.
Maritime
Container lines
Forwarding
Charleston's April Container Volume Rise 28.5 Percent
Peter T. Leach |
Charleston’s container volume jumped 28.5 percent in April over the same month last year, marking the fourth straight month of double-digit increases, the South Carolina State Ports Authority re
Maritime
Forwarding
Court Hears Closing Arguments in Clean-Trucks Case
Bill Mongelluzzo |
The watershed Los Angeles clean-truck lawsuit is one step closer to conclusion, with the port stating in its closing arguments that it is exempt from federal pre-emption law because it is a market par
Maritime
Forwarding
Trucking labor
Hamburg Container Volume Slips 4 Percent
Joseph Bonney |
Overall container volume at Germany’s Port of Hamburg slipped 4 percent to 1.8 million 20-foot equivalent units in the first quarter, but loaded containers posted a 1.6 percent increase.
Maritime
Forwarding
Georgia Ports Volume Jumped 25 Percent in April
Peter T. Leach |
The container volume handled by Georgia’s ports jumped by 25.6 percent in April, making five months in a row that they recorded double-digit growth.
Maritime
Forwarding
DP World Takes Delivery of Six Cranes
JOC Staff |
DP World India took delivery of six rubber-tired gantry cranes that are to be installed at its International Container Transshipment Terminal, the country’s first deep-water transshipment facili
Maritime
Forwarding
Register of Shipping Opens Singapore Office
Peter T. Leach |
The International Register of Shipping opened an office in Singapore as part of its strategy to expand its worldwide presence.
Maritime
Forwarding
Profits From the French Connection
Peter T. Leach |
One by one, the major shipping lines pushed to the brink of bankruptcy have received financial infusions enabling them to survive.
Maritime
Container lines
Forwarding
A Lakefront Container View
Peter T. Leach |
Ports on the Great Lakes, which traditionally handle dry and liquid bulk, breakbulk and project cargo, are looking at a future with containers.
Maritime
Forwarding
David vs. Goliath On the Pacific
Bill Mongelluzzo |
At first blush, it makes sense that start-up carrier The Containership Co. chose the new Port of Taicang as its home base in China, but CEO Jakob Tolstrup-Moller said it was the other way around.
Maritime
Container lines
Forwarding
Dark Tidings
Janet Nodar |
Nearly a month after an explosion destroyed the BP/Transocean Deepwater Horizon deep-sea drilling rig in the Gulf of Mexico, oil was still gushing from two leaks in the rig’s shattered well hous
Maritime
Forwarding
CMA CGM Adds Calls to Asia-Gulf of Mexico Service
Thomas L. Gallagher |
CMA CGM will add calls at Mobile, Ala., and Pusan, Korea, to its Asia-Gulf of Mexico service, effective May 20, the company announced Friday.
Maritime
Container lines
Forwarding
Shippers, Carriers Join in Clean-Trucks Initiative
Bill Mongelluzzo |
Retailers, motor carriers and environmentalists have joined forces in the Southeast to develop a clean-air initiative to reduce harmful emissions from harbor trucks.
Maritime
Forwarding
APL Parent Narrows Loss to $98 Million
Joseph Bonney |
Neptune Orient Lines, Singapore-based parent of ocean container carrier APL, narrowed its first-quarter net loss to $98 million from $245 million a year earlier and said trends point to a return to pr
Maritime
Container lines
Forwarding
Savannah Uses Green Technology to Maintain Depth
Peter T. Leach |
The Port of Savannah is using a modified silt suspension system to maintain a depth of 48 feet at four of its Garden City Terminal berths and to increase oxygen levels in the river.
Maritime
Forwarding
Felixstowe Cuts Carbon Emissions 8 Percent
Thomas L. Gallagher |
The Port of Felixstowe reduced its carbon emissions 8.3 percent in 2009 compared with the previous year, the port announced in its annual Environmental Report.
Maritime
Forwarding
Revenue, Profit Fall for Hamburg Stevedore HHLA
Bruce Barnard |
HHLA, Hamburg's biggest stevedore, reported first quarter profit and revenue shrunk from a year ago but said container traffic is picking up.
Maritime
Forwarding
Portland Signs Terminal Lease with ICTSI
Bill Mongelluzzo |
International Container Terminal Services Inc. Wednesday signed a 25-year lease with the Port of Portland to operate the container and breakbulk facility at Terminal 6.
Maritime
Forwarding
State Seeks Bidders for Phila. Terminal
Peter T. Leach |
The Philadelphia Regional Port Authority, which last year postponed the bidding process for the design and construction of a new container terminal in the former Philadelphia Navy Yard, is again seeki
Maritime
Forwarding
North American ports
CMA CGM Projects $1.8 Billion Profit on Operations
Peter T. Leach |
CMA CGM, building on a $270 million profit the carrier showed in the first quarter, expects to earn $1.8 billion on its operations for the year as a whole, according to Philippe Soulie, CEO of the Fre
Maritime
Container lines
Forwarding
Maersk Maintains Lid on Capacity
Joseph Bonney |
Maersk Line is maintaining “tight management” of its vessel capacity despite rising cargo volume and rates, parent company A.P. Moller-Maersk said.
Maritime
Container lines
Forwarding
Maersk Launches Direct Vietnam to U.S. Service
Peter T. Leach |
The Maersk Mathilde called at a port near Ho Chi Minh City Wednesday, as Maersk Line launched its new direct TP6 service between Vietnam and the U.S.
Maritime
Container lines
Forwarding
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