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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Maersk to Stop Making Ships, Sell Shipyards
Peter T. Leach |
A.P.
Maritime
Container lines
Forwarding
Carriers Pricing to Move
Peter T. Leach and Bill Mongelluzzo |
<p class="MsoPlainText">When Maersk Line and Mediterranean Shipping Co., the world’s two largest container lines, announced rate increases on major lanes within a week of each other, the stateme
Maritime
Container lines
Forwarding
Wilh. Wilhelmsen Profit Grows 5 Percent
Thomas L. Gallagher |
Operating profit for Wilh. Wilhelmsen increased 5 percent to $78.3 million in the second quarter, compared with the comparable period a year ago.
Maritime
Forwarding
Container lines
MSC Trans-Atlantic Service to call Philadelphia
Peter T. Leach |
Mediterranean Shipping Co.
Maritime
Container lines
Forwarding
Port Nehru Boxes Fell 7 Percent
JOC Staff |
Container throughput at India’s largest container port, Jawaharlal Nehru, fell 7 percent in the April-July period compared with a year ago, amid the continuing slump in the country’s forei
Maritime
Forwarding
Maersk Pleased With Start of Chassis Program
Joseph Bonney |
Maersk Line said 400 truckers have applied to participate in the chassis pool that the carrier launched this week in the Port of New York and New Jersey and surrounding areas.<br /> <br />
Maritime
Container lines
Forwarding
Seaboard Expands Capacity at Port of New Orleans
Thomas L. Gallagher |
Responding to increased demand, Seaboard Marine will employ a larger ship in its weekly Port of New Orleans container service with Latin America.<br /> <br />
Maritime
Container lines
Forwarding
Seaspan Profit Jumps 32 Percent
Peter T. Leach |
Seaspan Corporation on Thursday reported net profit of $112.3 million for the quarter ended June 30, 2009, up 32 percent from the $85.3 million it earned in the same quarter last year.<br /> <br />
Maritime
Forwarding
Three Carriers to Merge Two Trans-Pacific Loops
Peter T. Leach |
The world’s three largest container lines said Thursday they are cutting capacity on two trans-Pacific services they operate under vessel-sharing agreements they formed last summer.<br />
Maritime
Container lines
Forwarding
Box Fleet Growth Slows
Peter T. Leach |
The growth of the world’s container fleet almost stalled during the past few weeks as ships are sent to the scrap yards in droves while deliveries of new ships are slowing, according to Alphalin
Maritime
Forwarding
NOL Loses $146 Million in Second Quarter
JOC Staff |
Neptune Orient Lines, parent of liner company APL, lost $146 million in the second quarter ending June 30, most of it on steep declines in volume and pricing that left container shipping revenue down
Maritime
Container lines
Forwarding
OOCL Raises Rates on U.S. Outbound Cargo to Asia
Thomas L. Gallagher |
OOCL announced a general rate increase for U.S.
Maritime
Container lines
Forwarding
APL, Con-way Take Day-Definite LCL to Mexico
Alan M. Field and Peter T. Leach |
APL Logistics and Con-way Freight are extending to Mexico their OceanGuaranteed service for less-than-containerload cargo from Asia.<br /> <br />
Maritime
Container lines
Forwarding
Maersk Seeks Hike in West African, Latin American Rates
Peter T. Leach |
Maersk Line said today it will seek rate increases on services to and from West Africa and on services between Asia and Latin America.<br /> <br />
Maritime
Container lines
Forwarding
West Coast Ports Volume Fell 20.7 Percent
Bill Mongelluzzo |
Container volume statistics compiled by Pacific Maritime Association confirm that West Coast ports in the first half of 2009 took a terrible beating, with overall volume falling a combined 20.7 percen
Maritime
Container lines
Forwarding
St. Lawrence Iron Ore Shipping Down 66 Percent
Courtney Tower |
The idling of North American steel plants is giving the St.
Maritime
Forwarding
MSC to Hike Rates on Four Lanes
Thomas L. Gallagher |
Mediterranean Shipping Company (USA), joining the push by ocean carriers to pump up depressed container shipping price, announced a series of rate increases Tuesday starting Sept. 1 for U.S.
Maritime
Container lines
Forwarding
LA-LB to Keep PierPass Rates
Bill Mongelluzzo |
Marine terminal operators in Los Angeles-Long Beach will maintain the PierPass traffic mitigation fee at the current level of $50 per TEU despite declining cargo volumes.<br /> <br />
Maritime
Forwarding
North American ports
Expansion plans made during boom times at many ports wait to come out of dry dock
Peter Leach |
<p class="MsoPlainText">Back in 2007, Don Hamm was worried his terminal wouldn’t have enough capacity to handle the growth in container trade. <br /> </p>
Maritime
Forwarding
Gulf Up for Grabs
Janet Nodar |
When the Port of Tampa decided recently to tear down its 35-year-old cold storage site and build a bigger facility as part of a larger container terminal expansion, the port was defying trends at port
Maritime
Forwarding
Recovery Rates
Paul Page |
Let’s face it, whether in good times or bad, no one wants to pay more for services or goods than they had been paying.
Maritime
Forwarding
Beluga Ships to Sail North-East Passage
Janet Nodar |
Three of Bremen, Germany-based heavy-lift carrier Beluga’s 12,744 deadweight-ton F-class vessels will be transiting the chilly north-east passage along the northern shore of Russia this summer t
Maritime
Forwarding
Pacific Carriers Announce Westbound Rate Hikes
Bill Mongelluzzo |
Shipping lines that carry U.S. exports to Asia, joining the global rush to raise ocean rates, said Thursday they will seek to prop up freight pricing in the weak westbound Pacific market.<br />
Maritime
Container lines
Forwarding
FMC Drops Clean-Trucks Probe
Bill Mongelluzzo |
The Federal Maritime Commission is ending its investigation of the Los Angeles-Long Beach clean-trucks program, saying developments since it launched the probe last September have significantly dimini
Transport, Trade, and Regulation News
Maritime
Trucking News
Container lines
Trucking labor
Forwarding
Rotterdam Stevedore Warns of Capacity Glut
Bruce Barnard |
Rotterdam faces an enormous glut of container capacity when a new terminal begins operations in 2013, the head of the port's biggest box stevedore warned.<br /> <br />
Maritime
Forwarding
BBI to Sell Stake in Euroports at a Loss
Bruce Barnard |
Babcock & Brown Infrastructure on July 28 said it will book a pretax loss of around $170 million after agreeing to sell a bigger stake in its Euroports unit at a lower price.<br /> <br />
Maritime
Forwarding
Danaos Profit Dips, Revenue Grows
Bruce Barnard |
Second quarter profit for Athens-based container ship-owner Danaos fell 35 percent from a year ago, but the company said it detected signs of recovery in the ocean container market in the upcoming pea
Maritime
Container lines
Forwarding
Georgia Ports Expand as Volume Falls
Thomas L. Gallagher |
During the fiscal year ended June 30, Georgia Ports Authority saw a 10.5 percent decrease in total containers and a 12.4 percent decline in total tonnage. <br /> <br />
Maritime
Forwarding
Hamburg to Decide on Aid to Hapag-Lloyd
Bruce Barnard |
The city state of Hamburg, Hapag-Lloyd's second largest shareholder, is due to decide July 28 how much cash to inject into Germany's biggest ocean carrier to help it survive the slump in the container
Maritime
Container lines
Forwarding
India’s Upward Mobility
Peter T. Leach |
Like those of many other Asian nations, India’s exports have fallen by a third as the global recession sapped demand overseas.
Maritime
Forwarding
Breakbulk Carriers See Gold in Panama
Peter T. Leach |
<p class="MsoPlainText">When the Panama Canal Authority this month awarded its $3.1 billion contract for the design and construction of the canal’s third set of locks, there were actually two wi
Maritime
Forwarding
Heading South Down Under
Bill Mongelluzzo |
<p class="MsoPlainText">The normally steady liner trade between the <st1:country-region w:st="on"><st1:place w:st="on">U.S.</st1:place></st1:country-region> and Australia-New Zealand is expected to be
Maritime
Forwarding
Hamburg Box Stevedore to Sell Terminal
Bruce Barnard |
HHLA, Hamburg's top container stevedore, today, July 24, announced its intention to sell its box terminal in Lubeck because of a steep slump in Baltic feeder traffic at the neighboring north German po
Maritime
Forwarding
Tacoma Imports Plunge 35.5 Percent
JOC Staff |
Containerized imports at the Port of Tacoma, Wash., plunged 35.5 percent in June, the steepest year-over-year decline the Pacific Northwest port has seen this year. <br /> <br />
Maritime
Forwarding
CN Withdraws Port Vancouver Rail Service
Courtney Tower |
The Port Authority at Vancouver, British Columbia, is canvassing its options, including legal action, after Canadian National Railway switched its rail service to trucks for three of the port's four c
Maritime
North-American rail
Forwarding
MSC, Hapag-Lloyd, OOCL Combine Atlantic Service
JOC Staff |
Hapag-Lloyd and OOCL, extending the capacity cuts by container lines, will combine a joint trans-Atlantic service into a single loop with Mediterranean Shipping Co.’s Canadian Gateway service.<b
Maritime
Container lines
Forwarding
Port of Seattle Sees Busiest Month of 2009
JOC Staff |
The Port of Seattle had its best month of the year for international containerized cargo in June, although volume measured in loaded TEUs declined 10.9 percent compared to the same month last year.<br
Maritime
Forwarding
GATX Profit Plunges
Thomas L. Gallagher |
GATX, a railcar and maritime asset leasing provider, earned a profit of $12.7 million on total gross income of $288.1 million in the second quarter. Gross income was down 24 percent.
Rail News
Forwarding
North-American rail
ZIM to Call Da Chan Bay
Thomas L. Gallagher |
Ocean carrier ZIM will use Da Chan Bay Terminal One in Shenzhen, China for services covering the Asia-U.S.
Maritime
Container lines
Forwarding
Shipyards Agree to Container Ship Delays
Bruce Barnard |
One-third of all container ships under construction or on order will be delivered late after shipowners and ocean carriers persuaded shipyards to defer deliveries amid a growing glut of capacity.<br /
Maritime
Container lines
Forwarding
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