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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
NOL Month-to-Month Volume, Yield Grow
Peter T. Leach |
NOL, the Singapore-base parent of APL, said that container volume and yield per container both increased in the four-week period from Sept. 18 to Oct. 16 for the second monthly gain in a row.<br />
Maritime
Container lines
Forwarding
Shipping Into 2010
JOC Team |
Bruce J. Carlton took charge at the National Industrial Transportation League just as the economy began its worst contraction in decades.
Rail News
Maritime
Trucking News
Forwarding
NOL Moves Administration to Chongqing
Thomas L. Gallagher |
Neptune Orient Lines is relocating its administration and service center in China to the western city of Chongqing.<br /> <br />
Maritime
Container lines
Forwarding
Wilhelmsen Seeks Green Projects
Janet Nodar |
The Orcelle Fund, a grant-awarding body created by Wallenius Wilhelmsen Logistics, is looking for innovative new maritime projects to support.
Maritime
Forwarding
OOCL Imposes Peak Season Surcharge
Peter T. Leach |
OOCL on Friday announced a peak season surcharge on shipments of westbound refrigerated cargo from Europe to Montreal.<br /> <br />
Maritime
Container lines
Forwarding
Seaspan Posts Larger 3Q Loss
Peter T. Leach |
Seaspan, the Hong Kong charter ship owner, posted a loss of $65.9 million for the third quarter ended Sept.
Maritime
Forwarding
Lines to Add Africa-Europe Reefer Service
Thomas L. Gallagher |
The Southern Africa Europe Container Service Lines will introduce an additional container service to accommodate primarily the seasonal increase in refrigerated exports from South Africa to Europe dur
Maritime
Container lines
Forwarding
Expeditors Net Falls 33 Percent
JOC Staff |
Expeditors International of Washington saw its net profit fall 33 percent in the third quarter, to $57.8 million, as tighter capacity and rising prices in ocean and air transport services cut into fre
Logistics Technology News
Forwarding
Piraeus Dock Workers Renew Strike
Bruce Barnard |
Dock workers in Piraeus began a 48 hour strike Nov. 3 in a fresh bid to prevent China's Cosco Pacific taking over two of the three container quays at Greece's biggest port.<br /> <br />
Maritime
Forwarding
Industrial Price Index Hits High for Year
Peter T. Leach |
The prices of the kinds of commodities that manufacturers around the world use to make industrial products hit a record high in the week at the end of October, according to the Industrial price Index
Transport, Trade, and Regulation News
Forwarding
North-American rail
Fewer Box Ships Take Reefer Business
Bruce Barnard |
Ocean container carriers seeking extra cargoes are failing to grab market share from conventional refrigerated vessels despite "desperate marketing and pricing tactics," a leading reefer ope
Maritime
Container lines
Forwarding
Hanjin Hikes Trans-Atlantic Rates
Peter T. Leach |
Following similar moves by several other carriers in recent weeks in taking advantage of capacity cuts on the trans-Atlantic, Hanjin Shipping on Monday said it will raise its freight rates on the tran
Maritime
Container lines
Forwarding
SCI Profit Plunges 88 Percent
JOC Staff |
Net profit for state-owned Shipping Corporation of India fell 88 percent from a year earlier to $7.3 million in the second quarter ending Sept. 30.<br /> <br />
Maritime
Container lines
Forwarding
Evergreen Hikes U.S. Export Rates
Peter T. Leach |
Evergreen Line said Friday it will increase rates in December and January on cargo on outbound containers from North America to Europe, Asia, Australasia and the Middle East.<br /> <br />
Maritime
Container lines
Forwarding
Ripe for the Picking
Peter T. Leach |
For all the gloom and doom that container lines have been expressing about falling volumes, one segment of the trade has been holding up fairly well — the reefer trade.
Maritime
Container lines
Forwarding
2010 Forecast: Supply Imbalance
Stephanie Nall |
While the reefer sector has avoided the catastrophic drop in business felt by container carriers handling “dry” cargoes, rates and volume for refrigerated shipments have dipped this year.
Forwarding
Reefer Ships Win Green Ribbon
Stephanie Nall |
Specialized reefer vessels may be losing the battle to gain market share to the world’s container fleet, but last month the sector won a battle of the green.
Forwarding
Carmack or COGSA, Round 2
R.G. Edmonson |
Five years ago, the U.S.
Transport, Trade, and Regulation News
Rail News
Forwarding
Shifting the Load to Lower Costs
Bill Mongelluzzo |
Transloading volumes at West Coast ports are down, but importers’ interest in transloading is up as companies look to take cost out of their supply chains.
Forwarding
Rail News
Appealing on Rates
Paul Page |
SHENZHEN, China — No one can accuse Electrolux’s Bjorn Vang Jensen of complaining about volatile shipping rates and not doing anything about them.
Maritime
Container lines
Forwarding
French Dock Workers to Strike Nov. 6
Bruce Barnard |
France's biggest dock workers’ union called for a 24-hour strike at France's seven largest ports on Nov. 6 in the latest protest against government plans to privatize container handling.<br />
Maritime
Forwarding
China Cosco Cuts 3Q Loss
Peter T. Leach |
China Cosco Holdings, parent of Cosco Container Lines, posted a loss of $101.2 million Thursday for the quarter ended Sept.
Maritime
Container lines
Forwarding
Matson 3Q Operating Profit Drops 23 Percent
Peter T. Leach |
Alexander & Baldwin said Wednesday that Matson Navigation, its ocean transportation segment, earned an operating profit of $24.2 million in the third quarter ended Sept.
Maritime
Container lines
Forwarding
NOL Posts $139 Million 3Q Loss
Peter T. Leach |
Neptune Orient Lines posted a $139 million loss in the third quarter ended Sept.
Maritime
Container lines
Forwarding
NYK Hikes Trans-Atlantic Rates
Peter T. Leach |
NYK Line joined a growing parade of carriers raising rates on trans-Atlantic lanes on Wednesday, announcing price increases effective Dec. 1 on shipping to and from Northern Europe. <br /> <br />
Maritime
Container lines
Forwarding
Steel Imports Increased in September
Janet Nodar |
Steel imports to the United States increased in September by 23.4 percent over August, to 1.2 million tons from 975,000 tons. However, they are down nearly 60 percent when compared to September 2008.
Transport, Trade, and Regulation News
Forwarding
Breakbulk Sails Directly from Ireland
Janet Nodar |
Dallas-based Trans Atlantic Liner Services is planning a new monthly multi-purpose service between Ireland, Canada and the U.S. East Coast to begin in late November.
Maritime
Forwarding
Mumbai Extends Storage Time
JOC Staff |
India's Port of Mumbai plans to extend the facility of additional free storage time for containers, introduced earlier in 2007, for a further period of one year ending November 2010.<br /> <br />
Maritime
Forwarding
Cosco Pacific’s 3Q Profit Falls 49 percent
Peter T. Leach |
Cosco Pacific, Asia’s third- largest container-terminal operator, posted a 49 percent drop in third-quarter profit as the global recession damped world trade, Bloomberg reported. <br />
Maritime
Forwarding
Container Ship Collides With Japanese Destroyer
JOC Staff |
A Japanese navy destroyer collided with a container ship operated by South Korea’s Namsung Shipping south of Japan on Tuesday, causing a fire and injuring three of the military vessel’s cr
Maritime
Container lines
Forwarding
Northwest Ports Box Decline Slows
Bill Mongelluzzo |
The ports of Seattle and Tacoma reported mixed results in September container volumes although the trend lines are generally positive.<br /> <br />
Maritime
Forwarding
North American ports
Shipper Says Inventory Slashed After 'War Council'
JOC Staff |
A supply chain official at a major sporting goods shipper says a “war council” after the global financial meltdown last year led the company to cancel its new orders and scale back invento
Transport, Trade, and Regulation News
Forwarding
DP World Container Volume Falls 6 Percent
Bruce Barnard |
Container traffic fell only 6 percent in the third quarter at terminals operated by DP World, signaling a recovery from steep falls in the first half of the year.<br /> <br />
Maritime
Forwarding
MSC Hikes India Rates
JOC Staff |
Mediterranean Shipping Company will seek a rate increase on the westbound trades from India to Europe, as part of a new rate restoration program. <br /> <br />
Maritime
Container lines
Forwarding
German Ship Owners Face Market Collapse
Bruce Barnard |
German container shipowners, who control a third of the world box ship fleet, are facing increasing financial difficulties and the threat of bankruptcy as charter rates test fresh lows with the end of
Maritime
Container lines
Forwarding
Maersk ‘Pleased’ with Chassis Program
Joseph Bonney |
Maersk said more than 700 truckers in the Northeast and Ohio Valley have signed up for a subsidiary’s new program that charges motor carriers $11 a day for unrestricted use of intermodal chassis
Maritime
Container lines
Forwarding
Cosco's Wei Sees Recovery at Sea
JOC Team |
Trans-Pacific shipping rates are rising, but not high or fast enough for ocean carriers, says Wei Jiafu, president and CEO of China Ocean Shipping Co.<br /> <br />
Maritime
Container lines
Forwarding
Nadler Wants Brooklyn Container Terminal
Joseph Bonney |
The Port of New York and New Jersey should develop container-handling facilities in Brooklyn while continuing to expand in New Jersey and Staten Island, Rep.
Maritime
Forwarding
EU Trust Busters Probe Nordbank
Bruce Barnard |
European Union anti-trust regulators launched an in-depth probe of a $20 billion German state aid package for HSH Nordbank, the world's top shipping bank.<br /> <br />
Maritime
Container lines
Forwarding
Sweden's Transatlantic Loses $7.3 Million
Bruce Barnard |
Transatlantic AB, the leading Swedish breakbulk and roll-on, roll-off shipping line, said it breached loan covenants after lower cargo volume and weak freight rates pushed it into the red in the third
Maritime
Forwarding
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