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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
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News & Analysis
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
Hamburg Cargo Falls 21 Percent
Bruce Barnard |
The port of Hamburg lost significant market share to close rivals Rotterdam and Antwerp last year as cargo traffic crashed more than 21 percent from 2008 and container volume shrunk by even more.<br /
Maritime
Forwarding
White House Launches National Export Initiative
William B. Cassidy |
Commerce Secretary Gary Locke today unveiled details of President Obama’s plan to double U.S. exports within five years to $3 trillion while creating 2 million U.S. jobs.<br /> <br />
Transport, Trade, and Regulation News
Forwarding
Hanjin Raises Canada-to-Asia Rates
Thomas L. Gallagher |
Hanjin Shipping will raise rates on Canadian exports to Asia effective March 1, the company announced Thursday. <br /> <br />
Maritime
Container lines
Forwarding
Chennai Truck Strike Threatens Cargo Movement
JOC Staff |
Truck drivers at India’s Port of Chennai began a sudden strike Wednesday night, threatening serious delays to cargo moving through the country’s southeastern maritime gateway.<br />
Maritime
Forwarding
Hanjin Posts December Loss After De-merger
Peter T. Leach |
Hanjin Shipping, the new company that runs the South Korean company’s shipping operations, said Thursday it lost $26 million on revenue of $573 million in the month of December, its first full m
Maritime
Container lines
Forwarding
Auto Carriers Stress Multiyear Contracts
Bill Mongelluzzo |
Roll-on, roll-off maritime traffic declined even more last year than container shipping, but ro-ro carriers avoided a bloodbath in rates because of the extensive use of multi-year contracts in the bus
Maritime
Forwarding
Savannah Port Raises Environmental Efforts
Bill Mongelluzzo |
Savannah, the United States’ fastest growing container gateway, is rolling out a series of new environmental initiatives aimed at reducing pollution even as the port adds cargo handling capacity
Maritime
Forwarding
Trans-Pacific Spot Rate Leaps 20.5 Percent
Peter T. Leach |
The spot rate for shipping from Hong Kong to Los Angeles leaped by 20.5 percent to more than $2,000 per 40-foot container over the past week, according to Drewry Shipping Consultants.<br /> <br />
Maritime
Container lines
Forwarding
Antwerp Launches Breakbulk Promotion Effort
Peter T. Leach |
The Antwerp Port Authority and its port community are launching a new campaign to attract more breakbulk trade to the port.<br /> <br />
Maritime
Forwarding
Idled Container Ship Count Falls
Bruce Barnard |
LONDON -- The number of idled container ships registered its first significant decline in more than a year in January, with almost 50 vessels returning to service over the past month as ocean carriers
Maritime
Forwarding
Montreal Container Traffic Dropped in 2009
Peter T. Leach |
Container throughput at the Port of Montreal declined by 15.3 percent in 2009, as the number of full and empty containers handled by the port fell to 1,247,690 20-foot equivalent units.<br />
Maritime
Forwarding
Germany Approves Joint Terminal Venture
Bruce Barnard |
Germany’s federal cartel office gave antitrust approval for an inland container terminal joint venture between the nation’s top two rival stevedores.<br /> <br />
Maritime
Forwarding
Marseilles Fos Container Traffic Grew in 2009
Peter T. Leach |
Container traffic through France’s Port of Marseilles Fos rose by 4 percent during 2009, bucking the port’s overall 13.3 percent decline in tonnage volume, the port authority said Monday.<
Maritime
Forwarding
DP World's Vietnam Terminal Opened
Peter T. Leach |
DP World said on Sunday its new container terminal at Hiep Phuoc, near Ho Chi Minh City, had opened last year.<br /> <br />
Maritime
Forwarding
SCI Profit Plummets 53 Percent in Quarter
JOC Staff |
Net profit for Shipping Corporation of India fell 53 percent to $19 million during the third fiscal quarter, ending Dec.
Maritime
Container lines
Forwarding
Slow Boat From China
Joseph Bonney and Peter T. Leach |
Manufacturers and retailers looking to cut shipping costs by slowing their supply chains are finding unlikely new supporters of the strategy: the ocean container lines that carry the overwhelmin
Maritime
Forwarding
Emitting Efficiency
R.G. Edmonson |
Negotiators have two basic options on the table for controlling greenhouse gases. One is a tax per ton of bunker fuel that can be invested in a greener environment somewhere else on Earth.
Maritime
Transport, Trade, and Regulation News
Forwarding
Built for Speed
Joseph Bonney |
Generations of shipbuilders and engineers have spent years trying to get ocean vessels to travel faster. Now, container lines are applying new tricks to slow the ships down. <br /> <br />
Maritime
Forwarding
Reefers in a Squeeze
Stephanie Nall |
The dollar is down, global credit markets are easing, consumers in developing countries are beginning to buy more expensive and varied food, and U.S. farm exports are in demand. For U.S.
Maritime
Forwarding
Modular Life Support
Stephanie Nall |
The global reefer container fleet shrank in 2009. Carriers scrapped obsolete units, and not one carrier built a new refrigerated container, according to Bill Duggan of Maersk Line.<br /> <br />
Maritime
Forwarding
Hawaii’s Big Chill
Stephanie Nall |
President Obama took his wife and daughters to his childhood home for Christmas vacation, and Hawaii state officials hope the publicity will help fuel tourism.<br /> <br />
Maritime
Forwarding
Rough Road to Aid
x |
The 12 ocean containers Crowley Maritime managed to get to shore at Port-au-Prince’s crippled port late last month provided only a small share of the enormous relief supplies needed in Haiti, bu
Maritime
Forwarding
Stacked for Growth
Bill Mongelluzzo |
After a 14 percent decline in intermodal traffic last year, the major western railroads are planning for increased container traffic in 2010.
Rail News
Forwarding
Trade Groups Applaud President’s Exports Initiative
R.G. Edmonson |
Trade and manufacturing groups are offering strong support to President Obama’s call to double exports in five years to create 2 million jobs, but they also want to see substantive action t
Transport, Trade, and Regulation News
Forwarding
From Breakbulk Asia: 'Life With Legs to It'
Janet Nodar |
SINGAPORE — All the worried talk about the project market lagging the overall economy and thus facing a tough 2010 as other sectors ramp up for recovery may turn out to be just that -- worry.<br
Maritime
Forwarding
From Breakbulk Asia: Africa Projects Pick Up
Janet Nodar |
SINGAPORE -- Africa, the least-developed continent in the world, is attracting increased attention from the world's biggest manufacturing countries looking for natural resources and an outlet for expo
Maritime
Forwarding
NYK Hikes Trans-Atlantic Rates
Peter T. Leach |
NYK Line will be implementing a general rate increase in its trans-Atlantic services from the U.S.
Maritime
Container lines
Forwarding
“K” Line Losses Nearly Double
Joseph Bonney |
Japanese ocean carrier “K” Line said its net losses in the last three months of 2009 nearly doubled to $203.3 million from $115.2 million a year earlier as weak volume and rates caused rev
Maritime
Container lines
Forwarding
CMA CGM Adds Asia-Africa ‘Rush’ Surcharge
Bruce Barnard |
Citing a pre-Chinese New Year "cargo rush," CMA CGM said it will impose peak season surcharges on services from Asia to North and West Africa.<br /> <br />
Maritime
Container lines
Forwarding
Ship Dropped 30 Containers off Florida
Joseph Bonney |
Seaboard Marine said most of the 30 containers that fell overboard from a ship 30 miles off Key West, Fla., this week were empty and the rest contained non-hazardous materials such as textiles, the Co
Maritime
Container lines
Forwarding
MOL Upgrades Outlook After Third-Quarter Profit
JOC Staff |
MOL on Friday more than doubled its profit forecast for its current fiscal year, saying “strong demand” in dry bulk shipping and rising container shipping prices are improving the company&
Maritime
Container lines
Forwarding
Investor Puts $30 Million into INTTRA
Peter T. Leach |
INTTRA, the carrier-owned portal for ocean-freight bookings, is getting a fresh capital infusion that will enable it to develop new electronic commerce services for new markets.<br /> <br />
Maritime
Container lines
Forwarding
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