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The latest
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News & Analysis
Evergreen Announces Executive Changes
Joseph Bonney |
Jack Yen has been named vice chairman of Evergreen Marine Corp. (Taiwan) Ltd., and will be succeeded as president by Capt. C.J. Wang.
Maritime
Container lines
Forwarding
India Cuts Mumbai Terminal Rates
JOC Staff |
India’s Tariff Authority for Major Ports ordered a 10-percent reduction in tariffs currently levied by Indira Container Terminal, the private terminal operator at the Port of Mumbai.
Maritime
Forwarding
NY-NJ Port to Release Clean-Truck Plan
Bill Mongelluzzo |
The battle over control of harbor trucking will head east next week when the Port Authority of New York and New Jersey releases its clean-truck plan.
Maritime
Forwarding
Global Ship Lease Revenue Surges
Bruce Barnard |
Global Ship Lease, the NYSE-listed container ship charter owner, reported fourth quarter net profit of $12.3 million compared with a year-earlier loss of $43.7 million.
Maritime
Container lines
Forwarding
Container Ship Owner Goldenport Swings to Loss
Bruce Barnard |
Goldenport Holdings, the London-listed container ship and bulk carrier owner, swung to a $1.4 million net loss in 2009 from an $87.6 million profit in the previous year, mainly because of lower ship c
Maritime
Forwarding
Intermarine Expands Service, Opens European Offices
Janet Nodar |
Project and heavy-lift carrier Intermarine launched a heavylift service between Europe and South America.
Maritime
Forwarding
Far East-U.S. Containers Fall for Second Year
Bruce Barnard |
Container shipments from the Far East to the United States declined by 15.3 percent in 2009 from the previous year to 10.1 million 20-foot equivalent units, down 2.8 million TEUs from their peak of 12
Maritime
Container lines
Forwarding
Maersk CEO: Carriers, Shippers Need Stability
Joseph Bonney |
Container shipping is beginning to recover from its worst-ever recession, but shippers and carriers need to develop long-term relationships to ensure stability in rates and service, Maesk Line CEO Eiv
Maritime
Forwarding
NOL Volume Surges, But Yield Dips
JOC Staff |
APL, the liner shipping subsidiary of Singapore-based Neptune Orient Lines, handled 307,400 40-foot equivalent units in the six weeks from Dec. 26, 2009, to Feb.
Maritime
Container lines
Forwarding
Kuehne + Nagel 2009 Profit Drops 20 Percent
Bruce Barnard |
Kuehne + Nagel, the global freight forwarder and contract logistics provider, reported 2009 earnings fell more than 20 percent from the previous year on lower world trade, a strong Swiss franc and a p
Transport, Trade and Regulation News
Forwarding
Hapag-Lloyd to Raise India Rates
JOC Staff |
Hapag-Lloyd in April will seek rate increases on two trade lanes affecting the Indian Subcontinent.
Maritime
Container lines
Forwarding
Preparing for the Dawn
Bill Mongelluzzo |
With container volumes down 18 percent from the peak year of 2007, and some marine terminals operating at 50 percent of capacity, this may not seem like the best time for West Coast ports to spend bil
Maritime
Container lines
Forwarding
100 Percent Nearly Opposed
R.G. Edmonson |
Despite stronger opposition on several fronts, members of Congress are sticking with the idea that scanning all containers at foreign ports is good supply chain security policy.
Maritime
Transport, Trade and Regulation News
Forwarding
Can Shippers & Carriers Get Along?
Joseph Bonney |
Relations between trans-Pacific shippers and carriers are testy in the best of times, and these aren’t the best of times.
Maritime
Container lines
Forwarding
Olympian Growth Strategies
Peter T. Leach |
The confidence across Canada hardly ends with this year’s Winter Olympics.
Forwarding
Rail News
Breakbulk’s Future Fleet
Joseph Bonney |
Breakbulk carriers are catching up with changing shipper demand by adding larger ships equipped with cranes capable of lifting heavier loads for construction projects and other cargoes.
Maritime
Forwarding
Transition in the Trans-Pacific
Mario O. Moreno |
The global financial crisis that began in 2008 and accelerated into 2009 sent trade volume from the export-oriented economies of the Asia-Pacific region into the steepest decline in the modern interna
Maritime
Container lines
Forwarding
Full Ships, Empty Promises
Bill Mongelluzzo |
Ocean carriers have different names for it — overbooking, fall down, phantom bookings — and it’s driving them crazy.
Maritime
Forwarding
Port of Mobile Gets First ThyssenKrupp Shipment
Janet Nodar |
MOBILE, Ala. -- The first shipment of carbon steel slabs for the new ThyssenKrupp steel mill in Alabama arrived at the Port of Mobile’s new Pinto Island Steel Terminal this week.
Maritime
Forwarding
CMA CGM to Hike Rates on Major Lanes
Thomas L. Gallagher |
CMA CGM will raise rates on major lanes around the world in a “rate restoration program” beginning March 1 with later phases kicking in March 15 and April 1.
Maritime
Container lines
Forwarding
DHL Launches Direct U.S. to Korea LCL Service
Thomas L. Gallagher |
DHL this week launched direct less-than-container-load service from New York and Chicago to Pusan, South Korea.
Maritime
Forwarding
Clean-Truck Plan Goes to Trial
Bill Mongelluzzo |
After almost two years of litigation and appeals, U.S. District Court Judge Christina A.
Maritime
Forwarding
Trucking labor
MSC’s Golden Gate Service Makes First Charleston Call
Peter T. Leach |
Mediterranean Shipping Company’s “Golden Gate Service” made its inaugural call Thursday at the Port of Charleston, when the first vessel in the service to call Charleston, the MSC Ri
Maritime
Container lines
Forwarding
Marseilles Fos January Volume Points to Recovery
Peter T. Leach |
The French port of Marseilles Fos said it is seeing signs of recovery in the world economy as the cargo volume handled by the twin ports in January rose 10 percent over the previous January.
Maritime
Forwarding
Breakbulk Carrier Transatlantic Slumps to Loss
Bruce Barnard |
Swedish ship-owner Transatlantic AB swung to an operating loss of $30.3 million in 2009 from a year earlier profit of $36.4 million on sharply lower volume and freight rates in its core breakbulk and
Maritime
Forwarding
Trans-Pacific Carriers to Hike Westbound Rates
Bill Mongelluzzo |
Shipping lines that carry U.S. exports to Asia intend to increase their freight rates effective April 1 in a continuing attempt to recover from last year's recessionary rate levels.
Maritime
Container lines
Forwarding
MSC Hikes Eastbound Trans-Atlantic Rates
Peter T. Leach |
Mediterranean Shipping Company announced Thursday a general rate increase on exports from North America to Europe and the Mediterranean as of April 1.
Maritime
Container lines
Forwarding
Chinese Firm to Build Kazakh Hydropower Plant
Janet Nodar |
The Chinese infrastructure construction company China Gezhouba Group Company, based in Wuhan, China, will build a 254-megawatt hydropower plant for Limited Kazakhstan Natural Gas Technology Company ov
Maritime
Forwarding
Chinese Crude Steel Surges
Janet Nodar |
There is no slowdown in sight for Chinese steel output, according to a prediction from the Chinese Iron and Steel Association.
Transport, Trade and Regulation News
Forwarding
Steel Imports Increase in January
Thomas L. Gallagher |
Steel imports increased by 15.9 percent in January compared to December, but the effects of the recession left business down 31 percent from January 2009.
Transport, Trade and Regulation News
Forwarding
Japanese Exports Rise 41 Percent in January
Hisane Masaki |
Japan's exports to the rest of the world rose for the second consecutive month in January, surging 40.9 percent from a year earlier to $54.5 billion, according to preliminary figures released by the F
Transport, Trade and Regulation News
Forwarding
Owners Canceled 140 Container Ship Orders
Bruce Barnard |
Ocean carriers and charter shipowners canceled 140 container ship orders since the global financial crisis erupted in September 2008.
Maritime
Forwarding
OOCL Raises Europe-Australasia Rates
Peter T. Leach |
Overseas Orient Container Lines, extending the shipping world's push toward higher prices, said Tuesday it will increase freight rates by $100 per 20-foot container as of March 1 on cargo moving from
Maritime
Container lines
Forwarding
Hanjin Forecasts Profit in 2010
Peter T. Leach |
Hanjin Shipping expects to post a profit this year and boost revenue 27 percent as world trade picks up and shipping lines cut fleet expansion plans, according to Bloomberg News.
Maritime
Container lines
Forwarding
Nehru Port Reinstates Mooring Services
JOC Staff |
India’s Port of Jawaharlal Nehru agreed to recall a decree, issued last week, requiring ship agents to arrange for mooring services for vessels calling at the west coast hub.
Maritime
Forwarding
West Coast Ports Seek $1 Billion from Jobs Bill
Bill Mongelluzzo |
The executive directors of the six major container ports on the West Coast urged Congress to include additional funding for the Diesel Reduction Act in upcoming jobs-creation legislation.
Maritime
Forwarding
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.
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.
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.
Maritime
Container lines
Forwarding
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