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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
Ocean Carrier Rate Revision Roundup for Jan. 27
JOC Staff |
Major container lines hope to increase rates in multiple trade lanes in February, March and April, although any hikes achieved may be temporary.
Forwarding
Shipping Lines Face Tough Chinese New Year
Mike King, Special Correspondent |
Although the Lunar New Year holidays do not officially start until the end of the month, factory towns across China’s manufacturing heartland have been powering down this week due to labor shortages or weak order books, hitting export loadings earlier than expected, according to logistics executives.
Forwarding
Breakbulk, Heavy-Lift Market Poised for Resurgence
Peter T. Leach, Editor-at-Large |
The market for breakbulk and heavy-lift ocean cargo is emerging from the doldrums it experienced last year. Although a backlog of global industrial projects carried the heavy-lift sector through 2012 and construction of new pipelines and wind farms in the U.S. filled inbound multipurpose breakbulk vessels that year, demand largely dried up in 2013. But the picture is brightening, and the market is positioned for a significant recovery in 2014 and 2015.
Forwarding
Breakbulk News
Seabury: Chemicals Increasingly Shift to Containers
Grace M. Lavigne, Associate Web Editor |
All chemical types have become increasingly more containerized in ocean transportation over the last 12 years, although some chemical types continue to be primarily shipped in bulk, according to Seabury.
Forwarding
Younger P3 Ships Widen Advantage Over G6, SeaIntel Says
JOC Staff |
If the P3 Network gets the go-ahead from regulators, it will enjoy a cost advantage over the G6 alliance not only because of the larger average size of its ships...
Forwarding
Report: Container Lines Lost $16 per TEU in 2008-2012
JOC Staff |
The world’s 20 largest container carriers lost an average of $16 on each TEU they carried from 2008 through 2012, according to a new report by Dynamar.
Forwarding
Panama Canal Expansion Still Set for Completion in 2015, Official Says
William B. Cassidy, Senior Editor and Joseph Bonney, Senior Editor |
The deputy administrator of the Panama Canal Authority on Tuesday said the $5.25 billion expansion of the Panama Canal will meet the target date of mid-2015.
International ports
Forwarding
Face-Off: Three Shippers Discuss How 2014 Will Play Out
JOC Staff |
Three shippers discuss what they expect in 2014.
Supply chain
Forwarding
Rail News
Trucking News
Singapore Hubs Poised to Benefit From Growth in Asian Exports
Mike King, Special Correspondent |
Singapore is set to benefit this year from its status as one of Asia’s leading transport hubs, as demand from key markets in the West boosts trade.
International ports
Forwarding
JOC Economist: Growth in US Containerized Imports to Rise in 2014
Bill Mongelluzzo, Senior Editor |
U.S. containerized imports are projected to increase 6 percent in 2014, up from 3.5 percent growth in 2013, according to Journal of Commerce economist Mario Moreno.
Forwarding
Marad Chief: US-Flag Carriers at ‘Tipping Point’
Joseph Bonney, Senior Editor |
The U.S. Maritime Administration’s top official said U.S.-flag carriers in international markets are “at a tipping point” and that helping them compete will be an important part of Marad’s effort to develop a national maritime strategy.
Transport, Trade, and Regulation News
Forwarding
Panama Canal Looks to Dispel ‘Myths’ About Expansion
JOC Staff |
The Panama Canal, following a widely reported payments dispute with contractors that threatens to delay its expansion, went on the counteroffensive this week with a new website designed to provide “Clarification of the most common doubts about the Expansion.”
International ports
Forwarding
P3, G6 to Spark Change in Trans-Atlantic Trade
Bruce Barnard, Special Correspondent |
The trans-Atlantic, the mature granddad container trade lane where nothing much happens, is looking forward to a rare burst of excitement in 2014.
Forwarding
TPM 2014 to Spotlight Top Container Shipping Trends
JOC Staff |
Many significant developments are on the horizon for the global container shipping industry in 2014...
Forwarding
Seven Container Lines to Cooperate on Intra-Asia Service
JOC Staff |
As part of a slot sharing agreement, seven container lines will cooperate on three existing Far East-to-Indian subcontinent services, effective in February 2014.
Forwarding
Shippers Cite US-Flag Challenges
Joseph Bonney, Senior Editor |
U.S.-flag carriers play a vital role in military shipments but struggle to compete for commercial cargo, shippers told a Maritime Administration symposium aimed at reviving the American merchant marine.
Forwarding
Rapid Trade Growth Could Overwhelm Latin American Infrastructure
Bill Mongelluzzo, Senior Editor |
U.S. trade with Latin America is poised to expand in the coming years, which highlights the need to accelerate port and infrastructure development in the region.
Container lines
Forwarding
Container Rate Indexes Run in Contracts, But Crawl in Futures Trading
Peter T. Leach, Editor-at-Large |
Container freight indices are being used in shipper-carrier contracts but futures trading as a hedging mechanism has yet to take off.
Forwarding
NVOCCs See Future Growth in Latin America
Grace M. Lavigne, Associate Web Editor |
As Maersk Line creates a new container shipping division to cater to the north-south trades in Latin America, NVOCCs are also ramping up investments in the growing region.
Forwarding
Ocean Carrier Rate Revision Roundup for Jan. 10
JOC Staff |
Major container lines hope to implement rate increases in a variety of trades in January and February, despite signs that any hikes achieved may be fleeting.
Forwarding
Stringent California Environmental Regulations Take Effect for Vessels in Transit and at Berths
Bill Mongelluzzo, Senior Editor |
California’s ports on Jan. 1 became the first in the world to require that container lines operate their vessels from shore-side electrical power while at berth, and this potentially industry-changing event is proceeding without any major problems.
Transport, Trade, and Regulation News
North American ports
Container lines
Forwarding
Maersk to Sell Supermarket Stake to Focus on Containers, Energy
JOC Staff |
A.P. Moller-Maersk today announced it is selling the majority of its stake in Denmark’s largest supermarket chain in the latest move to divest non-core operations and focus on container shipping and energy.
Forwarding
Suez Canal Announces Plan for Logistics Hub
JOC Staff |
The Suez Canal Authority has invited 14 consortia to present plans to develop the waterway into a logistics and industrial hub.
Forwarding
Report: Japan’s Container Exports to Rise 3.1 Percent in Fiscal 2014
Hisane Masaki |
Japanese containerized cargo exports will rise for the second consecutive year in fiscal 2014, which starts on April 1, amid a moderate recovery in the global economy, a Tokyo-based research firm predicted in a new report.
Container lines
Air Cargo
Forwarding
Maersk Sells 15 Supertankers for $980 Million
JOC Staff |
Maersk Tankers has sold its fleet of 15 very large crude carriers to Euronav, a Belgian tanker operator, for $980 million, allowing A.P. Moller-Maersk to focus on its core businesses.
Forwarding
Container Trade Supply-Demand Gap Expected to Widen in 2014
JOC Staff |
Container lines are looking at the possibility that the gap between supply and demand globally will widen in 2014, likely exacerbating rate volatility and challenging carriers to be profitable.
Forwarding
Container lines
Panama Canal Mulls Plan B for Completing Locks
Peter T. Leach, Editor-at-Large |
The Panama Canal Authority has a contingency plan to fall back on if it cannot resolve its dispute on cost overruns with the engineering consortium that is building its new locks.
International ports
Forwarding
Maersk Said Close to Selling 15 Supertankers As It Exits Non-Core Operations
JOC Staff |
Maersk is reportedly close to selling its fleet of 15 very large crude carriers as it continues to offload non-core operations to focus on container shipping.
Forwarding
Ocean Carrier Rate Revision Roundup for Dec. 31
JOC Staff |
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in January and February.
Forwarding
Alphaliner: New Container Ship Deliveries to Drive Record Capacity in 2014
JOC Staff |
Seventeen of the Top 20 container carriers worldwide are expecting deliveries of new ships in the next 12 months, which could make 2014 a record-breaking year for capacity...
Forwarding
Political Protests Cripple Traffic at Chittagong Port
JOC Staff |
Political protests in Bangladesh are causing lengthy delays for inbound and outbound shipments via Chittagong, the country’s busiest gateway hub port, according to reports from Dhaka.
International ports
Forwarding
Alphaliner: Idle Container Ship Fleet to Persist for Two More Years
JOC Staff |
The fleet of idled surplus container ships hit 718,000 20-foot-equivalent units in mid-December, and lay-ups will persist for the next two years, as record deliveries of new vessels will continue to keep supply and demand out of sync, according to industry analyst Alphaliner.
Container lines
Forwarding
NVOCCs Face Spot Market Pricing in the Trans-Pacific
Peter Tirschwell |
For mid-sized non-vessel operating common carriers operating in the eastbound trans-Pacific, the game has suddenly changed.
Forwarding
Baltic Box Ports See Growth Potential in New Carrier Alliances
Bruce Barnard, Special Correspondent |
Baltic ports, already the fastest growing European container hubs, are seeking to capitalize on new ocean carrier alliances to attract more cargo, according to Drewry Maritime Research.
International ports
Forwarding
Shippers Pressed to Prepare for Japan’s 24-Hour Rule
JOC Staff |
Shippers of containerized cargo to Japan, be forewarned: the Japanese version of the U.S. 24-hour advanced manifest rule will soon be going into effect. This means that after March 8, 2014, shipments that don’t contain the needed information in shipping instructions will be rejected for loading by customs authorities.
Transport, Trade, and Regulation News
Forwarding
Ocean Carrier Rate Revision Roundup for Dec. 16
JOC Staff |
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in December and January.
Forwarding
For Ocean Carriers in 2014, It’ll Be More of the Same
Peter T. Leach, Editor-at-Large |
When shippers look ahead to 2014, they see a repeat performance of this year, but with even more volatility. The capacity that will come with the multitude of big container ships due for delivery next year will outstrip any increases in global demand for vessel space, so carriers won’t be able to sustain the freight rate increases they will seek.
Container lines
Forwarding
Egypt Beefs Up Suez Canal Security, But Risks Remain
JOC Staff |
The Egyptian military has significantly beefed up security along the Suez Canal in recent months, both to show it’s serious about combating terrorism along the 120-mile long waterway and to protect one of the country’s most import sources of revenues.
Forwarding
Larger Ships Dampen Pricing in North-South Trades
JOC Staff |
Cascading of large container ships from the Asia-Europe market into North-South trades is significantly eroding pricing in those markets, according to Drewry.
Container lines
Forwarding
Moody’s: German Ship Banks Face Rising Losses
Bruce Barnard, Special Correspondent |
Germany’s top eight ship financiers face up to €16 billion euros ($22 billion) in credit losses in 2014 as an increasing number of shipping companies face difficulties in repaying their loans, according to Moody’s Investors Service.
Container lines
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