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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
India’s Box Traffic Drops 6 Percent
JOC Staff |
Container traffic at major ports in India fell 6 percent in the April-October period, the first seven months of fiscal 2009-10, despite a 3.6-percent increase in overall tonnage.<br /> <br />
Maritime
Forwarding
Port of Houston Raises Tariffs
Janet Nodar |
Commissioners at the Port of Houston voted yesterday to increase the port’s tariff by 3 percent for containers and 2 percent for breakbulk and project cargo despite the protests of carriers and
Maritime
Container lines
Forwarding
Importer Calls for Stable Trade Preference Policy
R.G. Edmonson |
A successful trade preference program must be stable and predictable over a long term, the chief supply officer for Levi Strauss & Co. told the House Ways and Means Trade Subcommittee on Tuesday.
Transport, Trade, and Regulation News
Forwarding
FMCSA Clears Way for Intermodal Registry
JOC Team |
The Federal Motor Carrier Safety Administration will expand its “roadability” rule for intermodal chassis, clearing the way for industry efforts to launch a global registry for intermodal
Transport, Trade, and Regulation News
Forwarding
CMA CGM to Return to Profit in 2010
Bruce Barnard |
French ocean carrier CMA CGM said Nov. 18 it expects to break even in December, ahead of recent forecasts, and return to operating profitability in 2010.<br /> <br />
Maritime
Container lines
Forwarding
APM Terminals Exec Calls for Cooperation
Peter T. Leach |
One of APM Terminals’ top executives called for greater cooperation between terminal operators and their shipping line customers in “this new environment of slower growth and reduced reven
Maritime
Container lines
Forwarding
North Carolina Box Moves Grow 28 Percent
Peter T. Leach |
Container moves in North Carolina’s Port of Wilmington increased by 28 percent in the first quarter of fiscal 2010 ended Sept. 30 over the same period last year.<br /> <br />
Maritime
Forwarding
Pirates Attack Maersk Alabama Again
Peter T. Leach |
Pirates for a second time attacked the Maersk Alabama early Wednesday morning but failed to board it while the U.S.-flag container ship was steaming 500 nautical miles off the northeast coast of Somal
Maritime
Container lines
Forwarding
Maersk CEO Says Box Market to Grow in 2010
Peter T. Leach |
Maersk Line CEO Eivind Kolding is predicting that the container market will return to growth next year and that freight rates may rise as carriers take steps to cut vessel overcapacity. <br />
Maritime
Container lines
Forwarding
U.S. Steel Exports Increase for September
Janet Nodar |
Exports of U.S. steel, a key breakbulk cargo, increased 23.7 percent from August to September, or to 989,821 U.S. tons, according to the American Institute for International Steel.
Maritime
Forwarding
Hamburg Box Traffic Plunged 27.8 Percent
Bruce Barnard |
Total container volume at the port of Hamburg in the first nine months of the year fell 27.8 percent from a year ago to 5.3 million 20-foot equivalent units, driving the port into third place among Eu
Maritime
Forwarding
J.C. Penney Sees 'Havoc' from Ocean Carrier Cuts
Bill Mongelluzzo |
Carrier cutbacks are playing havoc with the supply chains of retailers. "Changes in sailing schedules are killing us," said Martin Bernstein, transportation excellence director at J.C.
Maritime
Forwarding
CSCL, UAS Consolidate in Asia-Middle East
JOC Staff |
China Shipping Container Lines and United Arab Shipping entered slot-swap arrangements in the Asia-Middle East trades, starting at the end of this month.<br /> <br />
Maritime
Container lines
Forwarding
Trans-Pacific Rates to Rise in 2010
Bill Mongelluzzo |
Freight rates in the trans-Pacific will go up in 2010 even though supply-demand economics will most likely not be favorable for ocean carriers, a senior carrier executive said Monday.<br /> <br />
Maritime
Container lines
Forwarding
Amsterdam to Lose Last Regular Box Service
Bruce Barnard |
The port of Amsterdam risks disappearing from Europe's ocean container map, as its sole box terminal is about to lose its last major liner shipping service.<br /> <br />
Maritime
Container lines
Forwarding
APL to Reopen Trans-Pacific Contracts
Peter T. Leach |
APL is telling customers the company plans to reopen 2009-2010 trans-Pacific contracts to ask for higher rates for services to the U.S., a move allowed under most contracts expiring next May once ship
Maritime
Forwarding
Seeking Rate Stabilization
Bill Mongelluzzo |
If freight carriers needed another reminder of just how slight their market power is in the face of weak demand and plentiful capacity, the reaction of shippers to the announcement that Maersk Line wi
Maritime
Forwarding
Europe-Asia Box Trade Recovering
Bruce Barnard |
The Asia-Europe container trade rebounded in the third quarter from the deep declines in traffic during the first half of the year, driven by a surge in shipments on the eastbound trade from Mediterra
Maritime
Forwarding
Panalpina Wins Halliburton, Weatherford Contracts
Thomas L. Gallagher |
Global forwarder Panalpina won significant new business from two of its long-time customers, oil and gas industry technology and equipment providers Halliburton and Weatherford. <br /> <br />
Air Cargo
Forwarding
Alabama Seeks Partner for Steel Terminal
Janet Nodar |
The Alabama State Port Authority is looking for a partner to lease and operate its new $100 million Pinto Island Steel Terminal. <br /> <br />
Maritime
Forwarding
Trade Deficit Expands on Oil Imports
Thomas L. Gallagher |
Rebounding exports couldn’t keep up with the price of imported oil as the U.S. trade deficit widened in September with the biggest jump in more than 10 years. <br /> <br />
Transport, Trade, and Regulation News
Forwarding
Danish Ocean Carrier DFDS Profit Drops
Bruce Barnard |
DFDS, the Denmark-based intra-Europe shipping line, reported lower third quarter profit and revenue on sharply lower container and roll-on, roll-off traffic across its pan-European network.<br />
Maritime
Forwarding
Hanjin’s Loss Deepens
Peter T. Leach |
Hanjin Shipping’s quarterly net loss deepened to $338 million in the third quarter ended Sept.
Maritime
Container lines
Forwarding
OOCL Adds to U.S.-China Rates
Thomas L. Gallagher |
OOCL joined other major carriers in a general rate increase that will apply to all dry shipments from the United States to Hong Kong, Macau and South China. <br /> <br />
Maritime
Container lines
Forwarding
CMA CGM Hikes Australia Rates
Thomas L. Gallagher |
CMA CGM announced Nov. 12 a general rate increase on freight from the United States and Canada to Australia and New Zealand.<br /> <br />
Maritime
Container lines
Forwarding
Hamburg Stevedore HHLA Profit Falls Sharply
Bruce Barnard |
HHLA, Hamburg's leading container stevedore, reported steep declines in third quarter revenue and profit as box traffic slumped in its key Asia-Europe and Baltic markets.<br /> <br />
Maritime
Forwarding
APM Terminals Dollar Profit Down Slightly
Peter T. Leach |
APM Terminals, the container terminals division of A.P.
Maritime
Forwarding
Rotterdam Cuts Harbor Dues
Bruce Barnard |
The port of Rotterdam said it will give ocean ships and inland river barges a 7 percent "once-only crisis rebate" on harbor dues in 2010, the first reduction in tariffs in over 20 years.<br
Maritime
Forwarding
Maersk Parent Projects Loss of $1 Billion
JOC Staff |
Danish shipping giant A.P.
Maritime
Container lines
Forwarding
Dredger Boskalis to Buy Tug Operator Smit
Bruce Barnard |
Royal Boskalis Westminster of the Netherlands, the world’s biggest dredging company, agreed to take over Smit Internationale, the Rotterdam-based harbor tug, marine salvage and heavy lift shippi
Maritime
Forwarding
Zim Payment Cuts Hit Danaos Profit
Peter T. Leach |
Charter shipowner Danaos Corp. saw its profit drop by 41.4 percent in the third quarter ended Sept.
Maritime
Container lines
Forwarding
Industrial Real Estate Absorption Trends Upward
Bill Mongelluzzo |
Absorption of industrial real estate space is trending upward and port container volumes in November could experience the first year-over-year gain since July 2008, according to a new index introduced
Transport, Trade, and Regulation News
Forwarding
Grand Alliance Reduces Asia-Europe Loops
Peter T. Leach |
Grand Alliance partners Hapag-Lloyd, NYK Line and OOCL said Wednesday they will reduce their Asia-Europe services during the winter from four loops to three starting from Dec. 28. <br /> <br />
Maritime
Container lines
Forwarding
Greek Court Outlaws Piraeus Strike
Bruce Barnard |
Dockworkers at Piraeus, Greece's largest port, suspended a six-week-old strike campaign Nov.
Maritime
Forwarding
Houston, Maersk Test Fuel Switching
John D. Boyd |
A unique “fuel switching” test by a Maersk Line container ship as it plies the Gulf of Mexico will determine how much air pollution can be cut when the ship changes to a cleaner-burning fu
Maritime
Container lines
Forwarding
Birdsall Acquires Deluxe Freight
Thomas L. Gallagher |
Birdsall, Inc., a subsidiary of Nicor and parent company of Tropical Shipping, signed a definitive agreement to acquire Miami-based Deluxe Freight. Terms of the agreement were not announced. <br />
Maritime
Container lines
Forwarding
CMA CGM Gets Giant New Boxship
Peter T. Leach |
CMA CGM, facing economic troubles that threaten the carrier's financial stability, took delivery Tuesday of one of the world's largest container ships, a 13,300-TEU behemoth that will become the compa
Maritime
Container lines
Forwarding
Global Ship Lease Loss Triples
Peter T. Leach |
Global Ship Lease, a containership charter owner listed on the New York Stock Exchange, posted a net loss of $3.9 million in the third quarter ended Sept.
Maritime
Container lines
Forwarding
Boxes Pile Up in Piraeus
Bruce Barnard |
Thousands of containers are piling up at Piraeus, Greece's biggest port, after dock workers extended a week-long strike for another 48 hours in protest against an agreement with China's Cosco Pacific.
Maritime
Forwarding
Financing Woes Hit Rickmers Trust
Peter T. Leach |
Rickmers Maritime Trust, a Singapore-based charter ship owner, was unable to take delivery of a vessel it had ordered for charter to Hanjin Shipping in the third quarter because of financing troubles
Maritime
Container lines
Forwarding
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