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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Port Manatee Seeks Dredging Bids
Janet Nodar |
Port Manatee, Fla., is seeking bids for the dredging of the port’s new berth 12. The new 1,600-foot berth is expected to be operational by the end of 2010.
Maritime
Forwarding
Ship Operator to Pay $10 million for Oil Spill
R.G. Edmonson |
A federal court in San Francisco on Friday followed through with a plea agreement and fined the operator of the Cosco Busan $10 million for a November 2007 oil spill in San Francisco Bay.<br />
Maritime
Forwarding
India Container Volume Inches Up
JOC Staff |
Container throughput at major ports in India grew 1 percent during the April-January period compared with a year earlier, the Indian Ports Association said in a statement on Monday.<br /> <br />
Maritime
Forwarding
Hamburg Süd Revises Med-Caribbean Services
Peter T. Leach |
Hamburg Süd said it will replace its current service between the Mediterranean and the Caribbean through a slot-charter agreement with Hapag-Lloyd’s MGX service. <br /> <br />
Maritime
Container lines
Forwarding
INTTRA to Test Forwarder LCL Bookings
Peter T. Leach |
A large European non-vessel-owning common carrier will become the first forwarder to offer less--than-containerload booking through the electronic platform created by INTTRA, the electronic portal fou
Maritime
Forwarding
CMA CGM Resumes Normal Haiti Calls
Peter T. Leach |
CMA CGM, which has been heavily involved in relief efforts in Haiti since the earthquake devastated the country on Jan.
Maritime
Container lines
Forwarding
Intermodal Takes Separate Tracks
John D. Boyd |
The North American intermodal business is developing a split personality.<br /> <br />
Rail News
Trucking News
Forwarding
Hapag-Lloyd Fights Back
Bruce Barnard |
For a company that lost more than $1 billion in 2009 and is almost certain to spend 2010 in the red, Hapag-Lloyd seems an unlikely recovery story.<br /> <br />
Maritime
Container lines
Forwarding
Angels to the Rescue
Peter T. Leach |
Navigating through a storm of historic magnitude, any ship captain probably would be expected to make adjustments and even look for an entirely new course. <br /> <br />
Maritime
Container lines
Forwarding
Drawing the Line
Bill Mongelluzzo |
BNSF’s top intermodal executive concedes the western railroads have permanently lost much of their East Coast market share to all-water container shipping services from Asia, but Steve Branscum
Maritime
Rail News
Container lines
Forwarding
MSC Puts 8,085-TEU Ships Into East Coast
Joseph Bonney |
<font size="2"><font face="Arial"><span style="font-size:10pt">Mediterranean Shipping Co. said it is temporarily using several 8,085-TEU ships, the largest to call at U.S.
Maritime
Container lines
Forwarding
FMC Clears Trans-Pacific Carriers to Talk Environment
Bill Mongelluzzo |
The Federal Maritime Commission has given members of the carrier discussion group in the eastbound Pacific the authority to talk about strategies intended to reduce air emissions, water pollution and
Maritime
Container lines
Forwarding
APL to Increase Intra-Asia Rates
Peter T. Leach |
APL said Friday it will apply a general rate increase to all cargo moving from the Far East to India and Pakistan. <br /> <br />
Maritime
Container lines
Forwarding
SCI to Hike India-Europe Rates
JOC Staff |
State-owned Shipping Corporation of India will seek a rate increase on the westbound trades from India to Europe, as part of what it called a rate restoration program. <br /> <br />
Maritime
Container lines
Forwarding
CMA CGM Hikes India-Europe Rates
JOC Staff |
CMA CGM will seek a general rate increase on all westbound cargo on the EPIC Service from India and Pakistan to Europe and the Mediterranean, starting March 1.<br /> <br />
Maritime
Container lines
Forwarding
Long Beach Containers Gain for Second Straight Month
Bill Mongelluzzo |
Container volume at the Port of Long Beach increased in January for the second straight month, while total traffic in neighboring Los Angeles was down only 2.39 percent.<br /> <br />
Maritime
Forwarding
North American ports
Diana Shipping Buys Into Box Ship Venture
Bruce Barnard |
Diana Shipping, a Greek bulk carrier owner, agreed to invest $50 million in a new company being formed to buy container ships.<br /> <br />
Maritime
Forwarding
PD Logistics Will Handle Tsingtao in UK
Peter T. Leach |
PD Logistics, part of the PD Ports Group, will handle all British imports of Tsingtao Beer from China under a new contract with the UK’s largest independent drinks manufacturer and distributor,
Maritime
Forwarding
Contracting’s Rollover Effect
Bill Mongelluzzo |
Dean Tracy, director of international logistics at Lowe’s, had a devilish time getting his spring and summer merchandise on vessels leaving Asian ports in late January.
Forwarding
Container lines
Hedging on Rate Futures
Peter T. Leach |
Bulk shippers and carriers routinely buy and sell futures contracts called freight forward agreements based on the Baltic Dry Index of bulk rates, to hedge against the risk that a rise or fall i
Maritime
Container lines
Forwarding
Southeast Asia’s Rising Sun
Bill Mongelluzzo |
For shippers and carriers in the U.S.-Southeast Asian trade lanes, the best times are yet to come.<br /> <br />
Port News
Forwarding
Air Freight Hardly Contained
William Armbruster |
If you had told importers a year ago vessel capacity out of Shanghai would be so tight in early 2010 they might have to shift some ocean freight to air, you might have been laughed off the docks.
Air Cargo
Forwarding
Five Carriers to Launch Vessel Agreement
Peter T. Leach |
Five shipping lines are setting up a new vessel-sharing agreement that will start service in April between Asia and the East Coast of South America via South Africa.<br /> <br />
Maritime
Container lines
Forwarding
Ship-Owners Win $3.8 Billion Tax Battle
Bruce Barnard |
Norwegian ship-owners Feb. 12 won a legal victory against the government's bid to raise $3.8 billion in back taxes.<br /> <br />
Maritime
Forwarding
Asia-Europe Rates, Volumes Surge
Bruce Barnard |
Ocean container freight rates are surging on key Asia-Europe trade routes as traffic rebounds from a year-long downturn and carriers cull capacity.<br /> <br />
Maritime
Container lines
Forwarding
ADM, Norton Lilly Form Joint Agency
Joseph Bonney |
Archer Daniels Midland Co.
Maritime
Forwarding
Berlin Presses Korean Shipyards to Delay Vessels
Bruce Barnard |
The German government is pressing South Korean shipyards to delay deliveries of container vessels to financially troubled German ship-owners.<br /> <br />
Maritime
Container lines
Forwarding
Trans-Pacific Spot Rate Steadies
Peter T. Leach |
The steep rise in the Drewry Container Rate Benchmark for shipping a 40-foot container from Hong Kong to Los Angeles came to an end in the week ended Feb.
Maritime
Forwarding
OOCL Hikes Trans-Pacific Rates
Thomas L. Gallagher |
OOCL will implement a general rate increase for all dry and reefer cargoes leaving Hong Kong, Macau and South China for shipment to Canada.<br /> <br />
Maritime
Container lines
Forwarding
Oceania VSA Service to Add Vessel
JOC Sailings |
The member lines of the Oceania Vessel Sharing Agreement (Hamburg Süd, Hapag-Lloyd, Maersk Line, and ANL-USL) are planning to add an additional vessel to the weekly Pacific Southwest String (PSW)
Maritime
Container lines
Forwarding
MSC Adds Europe-Asia Terminal Charge
Peter T. Leach |
Mediterranean Shipping Co.
Maritime
Container lines
Forwarding
Importer Accuses Competitor of Fraud
R.G. Edmonson |
A non-vessel-operating common carrier is complaining to the Federal Maritime Commission that an interrelated group of competitors is violating the Shipping Act by operating without a license, tariff o
Maritime
Forwarding
Imports to Grow 25 Percent at U.S. Ports
Bill Mongelluzzo |
Import cargo at the top North American container ports will grow 25 percent in the first half of 2010 compared to the same period last year, demonstrating that a sustained trade recovery is under way,
Maritime
Forwarding
Container Ship Charter Rates Rise With Demand
Bruce Barnard |
Container ship charter rates are rising after two years of steep declines as ocean carriers seek extra tonnage in response to higher cargo volume on key liner trade routes.
Maritime
Forwarding
Rickmers Boosts Charter Revenue
Bruce Barnard |
Rickmers Maritime Trust, the Singapore-based containership owner, reported fourth quarter net income more than doubled from a year ago as it continued refinancing negotiations with its banks.
Maritime
Forwarding
OOCL Raises Trans-Atlantic Rates
Peter T. Leach |
OOCL said on Monday it will impose a general rate increase on westbound trans-Atlantic cargo as of April 1.
Maritime
Container lines
Forwarding
Hapag-Lloyd’s Strategy Pays Off
Bruce Barnard |
Hapag-Lloyd, the world’s sixth-largest container carrier, is set to move from financial intensive care into operational convalescence.<br /> <br />
Maritime
Container lines
Forwarding
Recovery in a Low Gear
Peter T. Leach |
There’s room to park around the Port of Baltimore, and that’s a good sign for shipping.
Maritime
Forwarding
INTTRA Engineers Growth
Peter T. Leach |
INTTRA, the Internet portal for ocean freight, is evolving into a commercial entity, churning out products for new markets with the help of a capital infusion from an investment group taking a majorit
Maritime
Container lines
Forwarding
China to Penalize U.S. Chicken Imports
Peter T. Leach |
China, the largest market for U.S. chicken exports, plans to impose anti-dumping tariffs of up to 105.4 percent on U.S. broiler chicken imports, starting Feb.
Transport, Trade, and Regulation News
Forwarding
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