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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Savannah Container Traffic Grows 0.3 Percent
JOC Staff |
The Port of Savannah saw its second straight month of container traffic growth in November, but the brief peak season recovery slowed down sharply as import volume declined 13.8 percent.<br />
Maritime
Forwarding
LA-LB Container Volume Recovers Slightly
Bill Mongelluzzo |
A modest recovery in container volume appears to be underway at the ports of Los Angeles and Long Beach, and exports are leading the way.<br /> <br />
Maritime
Forwarding
North American ports
House Votes to Extend Trade Programs
R.G. Edmonson |
The House on Monday voted to extend two widely-supported trade programs, but for only one year.<br /> <br />
Transport, Trade, and Regulation News
Forwarding
China Cosco Warns of Full-Year Loss
Peter T. Leach |
China Cosco Holdings, China’s largest shipping company, warned Monday that it will post a full-year loss.<br /> <br />
Maritime
Container lines
Forwarding
MOL Hikes Reefer Rates
Thomas L. Gallagher |
MOL in January will increase ocean freight rates in two phases for all refrigerated cargo exported from the United States and Canada to Asia, the Middle East, Australia and New Zealand. <br />
Maritime
Container lines
Forwarding
Port of LA Cuts Terminal Rents
Bill Mongelluzzo |
Marine terminal and shipping industry executives applauded the latest relief program that will save Port of Los Angeles tenants about $25.7 million in the coming year.<br /> <br />
Maritime
Forwarding
TUI Rebuffs Fredriksen Board Bid
Bruce Barnard |
Hapag-Lloyd co-owner TUI on Monday rejected the latest bid by its biggest shareholder John Fredriksen, the Norwegian shipping tycoon, for a seat on the TUI supervisory board.<br /> <br />
Maritime
Container lines
Forwarding
Asia-Europe Container Rates Rise
Bruce Barnard |
The year long decline in Asia-Europe container traffic is slowing and freight rates are rising, according to the latest figures from ocean carriers.<br /> <br />
Maritime
Forwarding
Banking on the Gap
Peter T. Leach |
Many of the European banks that traditionally have financed shipbuilding are quitting the business, leaving a troubling gap in the financial underpinnings of the business.
Maritime
Forwarding
Chassis Pools Get Roadworthy
Joseph Bonney |
Maersk Line is gaining traction with its U.S. chassis pool, and momentum is building for a new structure to manage the critical intermodal truck equipment across the country. <br /> <br />
Maritime
Trucking News
Container lines
Forwarding
Grand Alliance Adds Vietnam Stop
Peter T. Leach |
The Grand Alliance ocean container shipping venture will add Vietnam to its Asia East Coast Express service next month, joining the rapid buildup of international transportation connections to the cou
Maritime
Container lines
Forwarding
Security Studies Under Way
R.G. Edmonson |
While private companies and government researchers look at ways to efficiently scan ocean cargo containers, the National Academy of Sciences is studying whether the Department of Energy, which deploys
Transport, Trade, and Regulation News
Forwarding
100 Percent Stalled
R.G. Edmonson |
There is a serious delay at the container screening line.
Transport, Trade, and Regulation News
Maritime
Forwarding
Buyers Postpone 20 Percent of Box Ship Orders
Peter T. Leach |
The delivery of one out of every five containerships due for delivery during the last three months was postponed, said the Baltic and International Maritime Council, a shipping association based in De
Maritime
Container lines
Forwarding
Maersk to Expand Chassis Program
Peter T. Leach |
The U.S. arm of Maersk Line is extending its Direct ChassisLink program to Boston, Philadelphia, Baltimore, Rochester, Worcester, and Pittsburgh as of Feb. 1 of next year.<br /> <br />
Maritime
Container lines
Forwarding
Rickmers Appoints Swiss Agent
Journal of Commerce |
Rickmers-Linie, the Hamburg-based breakbulk, heavy-lift and project cargo specialist, appointed Zurich-based Brunoni SA as its Swiss agent, effective Jan. 1.
Maritime
Forwarding
Liner Shipping's Economic Impact Tops $436 Billion
Peter Leach |
The liner shipping industry generated $436.6 billion in direct and indirect benefits to the world economy in 2007 and provided 13.5 million jobs, according to a new study commissioned by the World Shi
Maritime
Forwarding
Seattle Sees 51.4 Percent Export Jump
Bill Mongelluzzo |
Containerized exports at the Port of Seattle increased 51.4 percent in October over the same month last year, pushing the Pacific Northwest port to its busiest month since 2007. <br /> <br />
Maritime
Forwarding
Maersk to Call Colombia Banana Port
Bruce Barnard |
Maersk Line is launching the first scheduled container service to call at Turbo, Colombia's main banana export port.<br /> <br />
Maritime
Container lines
Forwarding
MISC Quits Grand Alliance
Peter T. Leach |
The Grand Alliance is losing one of its four carrier members, MISC Berhad (Malaysia), which said Wednesday it is withdrawing from the group as of Jan. 1.<br /> <br />
Maritime
Container lines
Forwarding
Marseilles Freezes Port Charges
Peter T. Leach |
The French Port of Marseilles Fos will freeze its port tariffs through 2010 to support customers “in a strained economic context” and to enhance the port’s competitiveness, the port
Maritime
Forwarding
Hong Kong Box Traffic Dropped 16 Percent
Peter T. Leach |
The slowdown in global trade took its toll of Hong Kong’s container traffic in the third quarter, according to the latest figures released by Hong Kong’s Census and Statistics Department.<
Maritime
Forwarding
UNCTAD Warns of Shipping Troubles
Peter T. Leach |
Global seaborne trade grew to 8.17 billion tons in 2008, which, though a record volume, represented a growth rate of only 3.6 percent, lower than in the previous year, the United Nations Conference on
Maritime
Forwarding
Container Fleet Growth Hits 10-Year Low
Bruce Barnard |
The world container ship fleet grew at the slowest rate in 10 years in 2009 as nearly one out of eight vessels is laid-up.<br /> <br />
Maritime
Container lines
Forwarding
Bremerhaven Boxes to Drop 20 Percent
Bruce Barnard |
BLG, the Bremen/Bremerhaven port company, said container traffic will close the year around 20 percent below the 2008 figure, and auto shipments will slump by 40 percent.<br /> <br />
Maritime
Forwarding
Port Nehru to Build Export Processing Zone
JOC Staff |
India’s Port of Jawaharlal Nehru plans to set up a port-based export processing zone, a first-of-its-kind project in the country, the port trust said Tuesday.<br /> <br />
Maritime
Forwarding
First Ship Lease Pulls $200 Million Note Offering
Bruce Barnard |
First Ship Lease Trust pulled a planned $200 million note offering Dec. 7, citing the fallout from Dubai World's financial problems.<br /> <br />
Maritime
Forwarding
DHL Launches India-Dubai Service
JOC Staff |
DHL launched direct less-than-container-load services connecting India’s largest container port of Nhava Sheva (Jawaharlal Nehru) to Dubai.<br /> <br />
Maritime
Forwarding
Bahrain Inaugurates Box Port
Peter T. Leach |
Bahrain officially inaugurated its new Khalifa Bin Salman Port on Sunday in ceremonies attended by King Hamad bin Isa Al Khalifa.<br /> <br />
Maritime
Forwarding
Carriers to the Bank
x |
Deepening financial troubles may be triggering deep changes at CMA CGM and Zim Integrated Shipping Services. <br /> <br />
Forwarding
Maritime
Container lines
Clearing the Air
R.G. Edmonson |
Someday the “sovereign” states of shipping and aviation will join nations of the world in adopting an overall scheme to reduce greenhouse gases in the atmosphere.
Transport, Trade, and Regulation News
Air Cargo
Forwarding
Who’s No. 1?
Joseph Bonney |
Any news of a carrier’s higher volume has a man-bites-dog quality these days.
Maritime
Forwarding
Currency in the Balance
Peter T. Leach |
Geoffrey Giovanetti keeps close tabs on the tippling tastes of American oenophiles. And as managing director of the Wine and Spirit Shippers Association, his business has been good this year.
Maritime
Forwarding
Flagging Demand Cutting Carrier Services
Joseph Bonney |
International maritime shippers don’t miss the congestion that accompanied the surge in import volume earlier this decade, but they’re struggling to adjust supply chains to changes and cut
Forwarding
Maritime
From Life Support to Recovery
Joseph Bonney |
Is the worst over? It’s starting to look that way for container shipping volume, if not for carriers.
Forwarding
Maritime
NOL November Volume Jumps 23 Percent
Peter T. Leach |
Neptune Orient Lines said volume grew 23 percent in November compared to the same month a year ago at its container line APL but that pricing and demand also slipped from October. <br /> <br />
Maritime
Container lines
Forwarding
London Box Terminal Faces Finance Hurdle
Bruce Barnard |
DP World’s planned container hub on the river Thames near London is facing renewed uncertainty amid reports of financing problems for the Dubai firm’s flagship project.<br /> <br />
Maritime
Forwarding
Evergreen Hikes Rates
Peter T. Leach |
In a continuing drumbeat of rate increases on its global services, Evergreen Line on Wednesday announced that it will boost rates on all cargoes and commodities including reefer and special equipment
Maritime
Container lines
Forwarding
Moller-Maersk CEO Shifts Investment Targets
Peter T. Leach |
A.P.
Maritime
Container lines
Forwarding
Customs to Close Los Angeles Drawback Office
R.G. Edmonson |
Customs and Border Protection intends to close its drawback office for the ports of Los Angeles and Long Beach, according to an announcement Tuesday in the Federal Register. The agency set a Dec.
Transport, Trade, and Regulation News
Forwarding
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