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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Senate Bill Would Require U.S. Flag Ships to be U.S. Built
R.G. Edmonson |
All U.S.-flag ships in international commerce would have to be built in the United States if language approved July 9 by the Senate Commerce, Science and Transportation Committee becomes law. <br />
Maritime
Forwarding
Carriers Combine Asia-Australasia Loops
Peter T. Leach |
Two shipping consortia that provide services between northeast Asia, Brisbane and New Zealand said today they are cutting capacity on the route by combining their two loops.
Maritime
Container lines
Forwarding
Louisiana Gives Tax Credits to Use State Ports
Marcy Behrmann Frank |
New legislation will give Louisiana importers and exporters a $5 per-ton tax credit on breakbulk or containerized cargo on oceangoing vessels through a Louisiana public port authority.
Maritime
Forwarding
Analysts Dismiss Trans-Pacific Carriers' Rate Plea
Bill Mongelluzzo |
Carriers under economic distress are appealing to the mercy of shippers, but it's not having the desired effect.
Maritime
Container lines
Forwarding
Chile's CSAV Raises New Equity
Peter T. Leach |
Chilean carrier CSAV said it has raised $145 million of new capital, most of it in the form of new equity from existing shareholders.
Maritime
Container lines
Forwarding
Maersk Revises Northern Europe-Mediterranean Loop
Peter T. Leach |
Maersk Line said July 9 it will revise the port coverage and rotation of its Euromed service between Northern Europe and the Eastern Mediterranean as of July 20 and add a new feeder service to increas
Maritime
Forwarding
Asia-Australia Discussion Agreement to Hike Rates
JOC Staff |
Members of the Asia-Australia Discussion Agreement will implement a rate increase as part of a rate restoration program for the trade moving from China and Hong Kong to Australia.
Maritime
Forwarding
Zim to Set Peak-Season Surcharge
JOC Staff |
Zim Integrated Shipping Services announced plans to implement a peak-season surcharge on the Asia-Mediterranean-Europe trade, effective Aug. 1 through Oct. 31.
Maritime
Container lines
Forwarding
Hapag-Lloyd Shareholders Agree to Aid Package
Bruce Barnard |
The shareholders of Hapag-Lloyd on Wednesday agreed to provide financial help to the German ocean carrier struggling to survive the slump in container shipping.
Maritime
Container lines
Forwarding
Spanish-Italian Consortium Is Low Bidder for Canal Project
Chris Brooks |
A consortium led by Spanish firm Sacyr and Italy’s Impregilo submitted the lowest bid on a contract for the largest portion of the Panama Canal’s $5.25 billion expansion project, the Panama Canal Auth
Maritime
Forwarding
St. Lawrence Seaway Slump Continues
Courtney Tower |
Freight traffic on the St. Lawrence Seaway slumped nearly 36 percent in the first third of the navigation season.
Maritime
Forwarding
Evergreen to Cut Fleet by a Sixth
Peter T. Leach |
Evergreen Marine said today it plans to reduce the size of its global container fleet by a sixth over the next four years as it sees no clear signs of an economic recovery.<br /> <br />
Maritime
Container lines
Forwarding
Trans-Pacific Carriers Seek Drastic Rate Hike
Bill Mongelluzzo |
Shipping lines in the eastbound Pacific announced a huge rate increase effective Aug.
Maritime
Container lines
Forwarding
Steel Importers Fight ‘Cap and Trade’ in Senate
Alan M. Field |
So-called “cap and trade” legislation passed in the House and pending in the Senate has “created a new threat to American manufacturing,” the president of the American Institute for International Stee
Transport, Trade, and Regulation News
Forwarding
CKYH Alliance to Add Vietnam-USEC Loop
Peter T. Leach |
The CKYH Alliance will start direct service between Vietnam and the U.S. East Coast in the middle of August by adding Ho Chi Minh City to the current AWE-4 service.
Maritime
Container lines
Forwarding
Hapag-Lloyd Not Seeking State Aid
Peter T. Leach |
Hapag-Lloyd, responding to reports that mounting losses are crippling the carrier's finances, denied today it is in talks with the German government for state financial assistance.<br /> <br />
Maritime
Container lines
Forwarding
The Tide of Trans-Atlantic Trade
Joseph Bonney |
If you want to see how the world’s economic axis has shifted, look no farther than the U.S.-North Europe container trade.<br /> <div><br />
Forwarding
Container lines
Ship Scrapping Sets Record Pace
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The container shipping industry is on pace to scrap a record 300,000 TEUs of capacity this year as carriers and shipowners race to curb supply in the face of plunging demand. <br /> <br />
Forwarding
Maritime
Carriers All-in on Rates
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Over the years, regulatory disputes in the trans-Atlantic container trade have been as prominent at times as commercial activity. <br /> <br />
Maritime
Forwarding
Bell Tolls for Eastwind
Peter T. Leach |
The ill wind blowing through the global transportation industry claimed its latest ocean shipping victim when Eastwind Maritime and more than 50 of its affiliates filed for liquidation in late June.<b
Maritime
Forwarding
A Piece of the Action
William B. Cassidy |
Exporters and importers know all roads lead to or from a port, which is why West Coast port operators are clamoring for a share of the $450 billion highway bill.<br /> <br />
Transport, Trade, and Regulation News
Forwarding
CMA CGM Sets Joint Loop with CSAV, CSCL
JOC Staff |
Moving to trim down capacity in a tight market, container lines CMA CGM, CSAV and China Shipping Container Lines said Thursday they are combining their direct services between the Far East, Mexico and
Maritime
Container lines
Forwarding
Danaos Gets Waivers on $908M in Loans
Bruce Barnard |
Danaos, the Athens-based containership charter owner, announced it has reached agreement on waiver terms for three credit facilities totaling $908 million.<br /> <br />
Maritime
Forwarding
Court Clears California Rule on Ocean Vessel Fuel
Bill Mongelluzzo |
A federal court cleared the way Wednesday for the California Air Resources Board to require that ocean vessels use low-sulfur diesel fuel in their main and auxiliary engines within 24 miles of the coa
Maritime
Container lines
Transport, Trade, and Regulation News
Forwarding
Solar-Pushed NYK Ship Arrives at Long Beach
Bill Mongelluzzo |
The first-ever solar-assisted car carrier called Wednesday at the Port of Long Beach in what NYK Line executives said is the first step toward the distant goal of developing a zero-emission vessel.<br
Maritime
Forwarding
Cosco, Evergreen Combine Services
JOC Staff |
Cosco Container Lines and Evergreen Marine will combine their existing joint ESA and FAX services linking the Far East, South Africa and east coast of South America into a single new weekly ESA servic
Maritime
Container lines
Forwarding
Eimskip Yields Operations to Creditors
Bruce Barnard |
Eimskip, the ailing Icelandic ocean carrier, said it will hand over its North Atlantic shipping operations to its creditors in a $2.2 billion restructuring that involves Yucaipa, a U.S.
Maritime
Container lines
Forwarding
Appeals Court Clears Way for Cosco Busan Trial
JOC Staff |
Fleet Management Ltd., the operator of the ill-fated Cosco Busan that spilled 53,000 gallons of fuel into San Francisco Bay after slamming into the Bay Bridge in November 2007, faces fines up to $40 m
Maritime
Forwarding
Danaos Takes Delivery of 41st Containership
Thomas L. Gallagher |
Danaos, the largest U.S.
Maritime
Container lines
Forwarding
Intermarine Delivers Wind Blades
Janet Nodar |
Project and heavy lift carrier Intermarine’s 8,000 deadweight-ton Industrial Dart delivered GE wind blades to the Port of Wilmington, Del., this week. <br /> <br />
Maritime
Forwarding
Port Nehru to Order Cranes
JOC Staff |
India’s Port of Jawaharlal Nehru unveiled plans to acquire four super post-Panamax rail-mounted quay cranes in a bid to improve productivity and boost container handling at the state-owned termi
Maritime
Forwarding
Owners Scrap 94 Ships in First Half
Bruce Barnard |
A record 300,000 TEUs of container ship capacity is set to be scrapped this year as ocean carriers and charter ship owners face a growing mismatch between supply and demand for tonnage.<br />
Maritime
Container lines
Forwarding
DAL Adds Marseilles to South Africa
JOC Staff |
DAL Deutsche Afrika Linien announced weekly southbound sailings from Marseilles to the main ports of South Africa beginning July 1.
Maritime
Container lines
Forwarding
Into the Pool
Bill Mongelluzzo |
Maersk Line will launch a nationwide chassis pool, pushing forward the evolution of the U.S. intermodal industry.
Trucking News
Forwarding
Truck brokers
Racing to Vietnam
Peter Leach |
Like NASCAR drivers when the green flag is waved, container lines raced to start direct services this month from Vietnam’s newly dredged deep-sea port of Cai Mep to the U.S. West Coast.
Maritime
Container lines
Forwarding
Exporters’ Choppy Seas
Bill Mongelluzzo |
Containerized exports through WEST COAST PORTS plummeted 21 percent in the first four months of 2009 from a year earlier, but problems don’t end there for trans-Pacific exporters.
Maritime
Container lines
Forwarding
Court Overturns FMC Agent Ruling
R.G. Edmonson |
The U.S.
Transport, Trade, and Regulation News
Forwarding
Grimaldi Takes Sole Ownership of Swedish Port
Janet Nodar |
After buying Eukor Car Carriers’ 50 percent stake, Grimaldi Group is now the sole owner of the Swedish roll-on, roll-off port of Wallhamn. Grimaldi Group and Eukor bought the port in 2005.
Maritime
Forwarding
South Carolina Sees Decline in Container Traffic
Janet Nodar |
The South Carolina State Ports Authority, which oversees the ports of Charleston and Georgetown, is bracing for a 6 percent decline in container traffic during the next fiscal year.
Maritime
Forwarding
Japan Ship Orders Sink 89.8 Percent
Hisane Masaki |
Japanese export ship orders tumbled for the eighth consecutive month in May on a year-on-year basis, as a recovery in ship owners' flagging demand for new vessels is not yet on the horizon amid the gl
Maritime
Forwarding
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