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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Container Imports Increase after 30-Month Decline
Bill Mongelluzzo |
U.S. container ports finally turned the corner in December, with imports estimated to be higher than in December 2008.
Maritime
Forwarding
Crowley Swaps Senior Management's Jobs
Peter T. Leach |
Crowley Maritime is swapping the jobs of its senior management team.<br /> <br />
Maritime
Container lines
Forwarding
OOCL Christens 14th SX Class Containership
Peter T. Leach |
OOCL on Monday christened its newest vessel, the OOCL Seoul, the 14th SX vessel in OOCL’s line of 16 SX class vessels with capacities of 8,063 20-foot units that it has ordered from Samsung Heav
Maritime
Container lines
Forwarding
Step by Step
Bill Mongelluzzo |
Shipping lines in eastbound Pacific lanes are recovering from their worst losses ever through a series of small, staggered rate increases, a new policy aimed at gradually returning the industry
Maritime
Container lines
Forwarding
Shipping’s Big Shadow
Joseph Bonney |
If there’s a constant theme in freight transportation’s evolution in recent times, it’s that bigger is better.
Maritime
Container lines
Forwarding
Maersk Clerk Charged with $250,000 Wire Fraud
JOC Staff |
Prosecutors in the U.S. Attorney's Office for Western Washington charged a clerk for Maersk with stealing more than $250,000 from the company by means of a long-running wire fraud. <br /> <br />
Maritime
Container lines
Forwarding
Seaspan Gets 43rd Containership
Peter T. Leach |
Seaspan on Jan. 8 took delivery of its latest containership. The MOL Empire from Hyundai Heavy Industries has a capacity of 5,100 20-foot equivalent units. <br /> <br />
Maritime
Container lines
Forwarding
Breakbulk’s Delayed Reaction
Joseph Bonney |
Breakbulk shippers and carriers were spared the worst of the global recession last year, but they may be less fortunate in 2010.<br /> <br />
Maritime
Forwarding
Setting the Stage
Peter T. Leach |
With the holidays come and gone, international shippers and ocean carriers are asking whether the rate hikes carriers got last fall on their Asia-Europe and trans-Atlantic services will hold through t
Maritime
Container lines
Forwarding
Trans-Pacific’s Rate of Improvement
Bill Mongelluzzo |
Never mind the market trends, there’s one reason shipping, rail and trucking executives may be looking at this year with optimism for freight volume and even some measure of profitability.
Maritime
Container lines
Forwarding
The Paper Tiger
Bill Mongelluzzo |
The U.S. is exporting more wastepaper to Asia, and that’s a good sign for the global economy.
Maritime
Forwarding
Shippers See Worst Lakes Year in Seven Decades
Courtney Tower |
With the lowest cargo volume in 71 years for iron ore and the worst in 77 years for coal, the two chief backbones of U.S.
Maritime
Forwarding
Port Operator PSA Sees First Volume Decline
Peter T. Leach |
Singapore-based port operator PSA International said its terminals handled 9.9 percent fewer containers in 2009 compared to the previous year, the first decline ever, as the worldwide recession hit gl
Maritime
Forwarding
Panama Canal Awards Last Excavation Contract
Peter T. Leach |
The Panama Canal Authority on Thursday awarded the fourth and final contract for dry excavation for a channel to its third set of locks to FCC-ICA-MECO, a joint venture between Spanish, Mexican and Pu
Maritime
Forwarding
Drewry Forecasts Carrier Liquidations
Peter T. Leach |
Although container freight rates are on the rebound on many routes, this does not mean the ocean container shipping industry will recover any time soon, and many carriers may run out of money before a
Maritime
Container lines
Forwarding
Hanjin, UASC Plan Europe-West Africa Loop
Peter T. Leach |
Hanjin Shipping and United Arab Shipping Co. plan to launch a joint service between Spain and West Africa on March 1, the South Korean carrier said Thursday.<br /> <br />
Maritime
Container lines
Forwarding
Evergreen Increases Asia-Europe Rates
Peter T. Leach |
Evergreen Line on Thursday announced another rate increase on all westbound cargo moving from the Far East, Japan and the Indian subcontinent to Europe and the Mediterranean.<br /> <br />
Maritime
Container lines
Forwarding
Amsterdam Containers Fell 53 Percent in 2009
Bruce Barnard |
Container traffic in the port of Amsterdam crashed by more than half in 2009 compared with the previous year as the port lost two of its three deep-sea liner services to neighboring Rotterdam.<br />
Maritime
Container lines
Forwarding
MOL Boosts Stake in Gearbulk
Joseph Bonney |
Mitsui O.S.K. Lines Ltd. increased its stake in breakbulk operator Gearbulk Holding Ltd. from 40 percent to 49 percent.<br /> <br />
Maritime
Container lines
Forwarding
CMA CGM Board to Elect CEO Jan. 18
Bruce Barnard |
The new board of directors of CMA CGM will meet for the first time on Jan.
Maritime
Container lines
Forwarding
West Coast Container Traffic Gained in November
Bill Mongelluzzo |
Container traffic moving through West Coast ports increased 3 percent in November compared to November 2008, marking the first monthly year-over-year increase in 2009.<br /> <br />
Maritime
Container lines
Forwarding
Hanjin Shipyard to Cut Workforce 30 Percent
Peter T. Leach |
Hanjin Heavy Industries and Construction, Korea’s fifth-largest shipyard, plans to cut its shipbuilding workforce by at least 30 percent to help overcome a management crisis arising from a world
Maritime
Container lines
Forwarding
Container Ship Capacity Shrunk in 2009
Bruce Barnard |
The active capacity of the world's 20 largest ocean container carriers shrunk by 2.4 percent over the past year, but there was relatively little change in their global market shares.<br /> <br />
Maritime
Container lines
Forwarding
Port Montreal Sees Gradual Recovery in 2010
Courtney Tower |
The Port of Montreal is seeing 2010 in with expectations of “a gradual but slow recovery” after a traffic decline unusual in recent years began to stabilize in the final months of 2009.<br
Maritime
Forwarding
Horizon Lines Switches Oakland Terminals
Peter T. Leach |
Horizon Lines said it switched terminals in Oakland to the terminal operated by Ports America to handle cargo moving through Oakland between the U.S. mainland, Hawaii, Guam and Micronesia.<br />
Maritime
Container lines
Forwarding
Hyundai Ship Orders Fall 61 Percent
Thomas L. Gallagher |
New orders at Hyundai Heavy Industries fell 61 percent in 2009. The world’s largest shipbuilder forecasts lingering effects from containership overcapacity through this year. <br /> <br />
Maritime
Container lines
Forwarding
DP World OKs Thames Terminal
Bruce Barnard |
DP World, the global container terminal operator, on Jan.
Maritime
Forwarding
Trade Group to Boost Seafarers’ Health
Peter T. Leach |
Ship owners and managers and others in the industry launched a new trade association at the Baltic Exchange in London on Monday with a broad mandate to represent and promote the health and medical int
Maritime
Container lines
Forwarding
French Container Traffic Stops
Bruce Barnard |
Container handling came to a standstill Monday at France’s seven largest ports as dockworkers staged the first of two 24-hour strikes to protest government reforms of box terminal operations.<br
Maritime
Forwarding
Antwerp Containers Fall 16 Percent
Bruce Barnard |
Antwerp, Europe's second largest port, handled 16 percent fewer containers in 2009 than in 2008, losing market share to its main European rival Rotterdam for the first time in several years.<br />
Maritime
Forwarding
Rotterdam Container Traffic Falls 10 Percent
Bruce Barnard |
The Port of Rotterdam's container traffic fell 10 percent in 2009 from a year ago, but Europe's biggest box hub boosted its share of the key Asia-Europe liner shipping trade.<br /> <br />
Maritime
Forwarding
Hamburg-Sud Revenue Drops 29 Percent
Bruce Barnard |
Hamburg-Sud booked what it called a "small" loss in 2009 as revenue and cargo volume declined by double digit percentages, the chief executive of Germany's second largest ocean carrier said.
Maritime
Container lines
Forwarding
Fesco Logistics Delivers 100-Ton Drill
Thomas L. Gallagher |
Fesco Logistics on Dec. 28 delivered a single piece of construction equipment weighing 100 tons to Novorossiysk, Russia. <br /> <br />
Transport, Trade, and Regulation News
Forwarding
Recovery Hopes Spur Ocean Carrier Stocks
Bruce Barnard |
Ocean container carriers' share prices rose by an average 19 percent in the past year as growing optimism over a market recovery in 2010 outweighed the impact of record operating losses.<br />
Maritime
Forwarding
Pa. Factory Converts Containers for Military Use
Thomas L. Gallagher |
Mobile Concepts by Scotty, a Pittsburgh-based commercial vehicle and trailer manufacturer, completed the first phase of a Defense Department contract to convert ocean containers for use as training si
Maritime
Forwarding
Hanjin Launches Carbon Calculator
Thomas L. Gallagher |
Hanjin Shipping on Dec. 23 added a “carbon calculator” to its Web site to let customers know the amount of emissions generated by their cargo for any given transportation segment. <br />
Maritime
Container lines
Forwarding
Container Ship Charter Rates Reach Fresh Lows
Bruce Barnard |
The container ship charter market is ending the year close to record lows with ocean carriers' demand for hired vessels weakening as cargo volumes shrink to seasonal lows on key east-west liner trade
Maritime
Container lines
Forwarding
CMA CGM Projects Profits in November, December
JOC Staff |
Financially troubled CMA CGM returned to profitability on its operations between Asia and North Europe in October and expects overall operations to show operating profits in November and December.
Maritime
Container lines
Forwarding
St. Lawrence Seaway Faces Slow Climb Back
Courtney Tower |
OTTAWA — The St.
Maritime
Forwarding
Panama Gets Bids for Canal Excavation
Joseph Bonney |
The Panama Canal Authority received four bids for the latest segment of an excavation project that is part of the canal authority’s construction of locks to handle 12,500-TEU container ships by
Maritime
Forwarding
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