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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
DHL Speeds Japan-U.S. Box Services
Hisane Masaki |
DHL Global Forwarding Japan launched direct less-than-container-load services connecting Tokyo and Yokohama to Chicago.<br /> <br />
Maritime
Forwarding
Agricultural Exports Increase
Bill Mongelluzzo |
The westbound movement of agricultural products is outperforming general merchandise, and the U.S.
Maritime
Forwarding
MOL Denies Container Spinoff
Peter T. Leach |
Japanese carrier MOL has refuted a report by Reuters that it is considering “spinning off” it container division.<br /> <br />
Maritime
Container lines
Forwarding
Bulk Carrier Fined $2.2M for Pollution
R.G. Edmonson |
The corporate owner of a Korean-flag bulk carrier will pay a $2.2 million fine for violating U.S. oil pollution laws, the Justice Department announced Friday.<br /> <br />
Maritime
Forwarding
Hong Kong Box Volume Drops 20 Percent
Peter T. Leach |
The volume of container traffic handled by the Port of Hong Kong dropped 20 percent in the first quarter to 4.6 million TEUs, according to statistics published last week by the Census and Statistics D
Maritime
Forwarding
MOL Mulls Selling Box Business
JOC Staff |
MOL said last week it is considering spinning off its container shipping division and selling it to a non-Japanese shipping line as one option to turn around the loss-making business.<br /> <br />
Maritime
Container lines
Forwarding
Drowning Sorrows in the Med
Peter Leach |
Liner shipping executives are raising their glasses to American wine drinkers, for they make up about the only consumer market where demand has not plummeted for imports from the Mediterranean.
Maritime
Container lines
Forwarding
Exporters Face Container Shortage
Bill Mongelluzzo |
U.S.
Maritime
Forwarding
Maersk to Merge Logistics Units
Peter T. Leach |
<div style="margin: 0in 0in 0pt">The A.P. Moller-Maersk Group will merge its subsidiaries Maersk Logistics, Maersk Customs Services and Damco into one company Sept.
Maritime
Container lines
Forwarding
Hoegh Autoliners Adds Service to India, Africa
Bruce Barnard |
Hoegh Autoliners, the Norwegian ocean car carrier, will launch service between the Middle East, India and Africa next month.<br /> <br />
Maritime
Forwarding
Seaway Traffic Plunges
Courtney Tower |
Freight traffic on the St.
Maritime
Forwarding
Israel Corp. Lends Zim $50M
Bruce Barnard |
London – Israel Corp. lent its container shipping unit Zim Integrated Shipping $50 million to help the troubled Israeli carrier survive tumbling cargo volume and sliding freight rates.<br />
Maritime
Container lines
Forwarding
Fitch Downgrades CMA CGM Debt
Peter T. Leach |
Fitch Ratings downgraded some of the credit ratings of CMA CGM to reflect the company’s deteriorating balance sheet and the downturn in the global container shipping business.<br /> <br />
Maritime
Container lines
Forwarding
“Worst Economy in a Generation,” Says Economist
Bill Mongelluzzo |
Economic recovery will occur when consumer spending turns around, unemployment bottoms out and the business inventory-to-sales ratio improves, but that will take awhile, according to the chief economi
Transport, Trade, and Regulation News
Container lines
Forwarding
LTL
Trucking labor
North-American rail
Air Cargo Forwarder News
Hamburg Süd Launches New Ship
Thomas L. Gallagher |
Hamburg Süd on Friday christened the last of a series of ten new Monte class ships. The ocean carrier will add three larger Rio class ships later this year. <br /> <br />
Maritime
Container lines
Forwarding
Idled Box Fleet Shrinks
Bruce Barnard |
London -- The fleet of idled container ships owned by ocean carriers is shrinking as unemployed vessels are brought back into service to handle the seasonal rise in cargo volumes.<br /> <br />
Maritime
Container lines
Forwarding
Box Ship Charter Rates Fall in Peak Season
Bruce Barnard |
London -- Container ship charter rates are still falling despite the onset of the peak shipping season, as ocean carriers continue to trim capacity amid stagnant cargo volume on key deep-sea liner tra
Maritime
Container lines
Forwarding
European Commission Urges 10+2 Delay
R.G. Edmonson |
Customs and Border Protection should delay implementation of the Importer Security Filing rule until the World Customs Organization has had time to review its compatibility with the SAFE Framework sec
Transport, Trade, and Regulation News
Forwarding
Container Port Opens in Vietnam
Peter T. Leach |
The first deep-water container terminal serving Vietnam's southern commercial hub opened Friday, clearing the way for direct service to the United States to begin this week, APL said.<br /> <br />
Maritime
Container lines
Forwarding
German Ship Owners to Rescue CSAV
Bruce Barnard |
A group of German charter container ship-owners agreed to a $710 million rescue for CSAV, the financially troubled Chilean ocean carrier.<br /> <br />
Maritime
Container lines
Forwarding
"K" Line Establishes Agency in Brazil
Thomas L. Gallagher |
Kawasaki Kisen Kaisha ("K" Line) established its own shipping agency, "K" Line Roro & Bulk Agencia Maritima Ltda., in Brazil for car carrier and bulk shipping.<br /> <br />
Maritime
Forwarding
BBC Chartering, Clipper Projects End Joint Venture
Bruce Barnard |
Germany's BBC Chartering and Danish carrier Clipper Projects have called time on their five year Far East project cargo joint venture.<br /> <br />
Maritime
Forwarding
Marseilles Box Throughput Picks Up
Peter T. Leach |
Container throughput at the Port of Marseilles-Fos picked up sharply in April to 225,726 TEUs, almost as much as the entire first quarter, resulting in a 1 percent increase in the first four months of
Maritime
Forwarding
Breakbulk Market Weathering Economic Bust
Joseph Bonney |
Breakbulk carriers will continue to feel the world economic bust, but they’ll weather it better than their brethren in the container or dry-bulk markets, analyst Dirk Visser told the Journal of
Maritime
Forwarding
Breakbulk Carriers Form Association
Joseph Bonney |
Breakbulk carriers have established the International Council of Heavy Lift and Project Cargo Carriers to discuss industry issues related to education, technical innovation, security and other non-rat
Maritime
Forwarding
TTI Algeciras Orders 20 Kalmar Carriers
Thomas L. Gallagher |
Kalmar, a business unit of Cargotec, won a contract to provide a fleet of 20 shuttle carriers to TTI Algeciras in Spain. <br /> <br />
Maritime
Forwarding
Piraeus Port Loss Narrows
Bruce Barnard |
The Piraeus Port Authority, OLP, reported first quarter losses narrowed sharply from a year ago, driven by higher container traffic after dock workers called off a two year campaign of industrial acti
Maritime
Forwarding
MOL Eyes Dry Bulk Acquisition
Peter T. Leach |
MOL may take advantage of the glut of dry bulk tonnage to bid for an overseas bulk- shipping line as plunging demand and the global recession send company valuations tumbling. <br /> <br />
Maritime
Container lines
Forwarding
Seattle Box Volume Dropped 32.5 Percent
Bill Mongelluzzo |
The Port of Seattle joined other U.S. ports in posting sub-par container volumes for April. Seattle's international container volume dropped 32.5 percent compared to April 2008.
Maritime
Forwarding
APL Box Volume, Revenue Fall
Peter T. Leach |
APL’s container volume and average revenue fell during the most recent four week reporting period, its parent Neptune Orient Lines said Monday.<br /> <br />
Maritime
Container lines
Forwarding
Rates Slide, Contracts Wait
Bill Mongelluzzo |
Dave Akers checks the spot rates for shipping containers from Asia to the U.S. first thing every morning.
Maritime
Forwarding
Supply Chain ‘Show time’ for Retailers
Joseph Bonney |
Pity the poor retailer. Consumer confidence is near rock bottom, revenue and profits are down, and each week brings fresh news of store closings and bankruptcies.
Forwarding
Cool Shipping Warms Up
Barry Horowitz |
International trade is an important component of the U.S. economy, especially for those of us living in Oregon and Washington. Exports are of singular importance.
Forwarding
Shippers’ Risky Business
Peter T. Leach |
Even with mounting losses pushing some ocean carriers into perilous financial territory, Pat Moffett doesn’t worry one of his carriers will go belly up and strand his company’s container loads of elec
Maritime
Forwarding
Texas Allows Overweight Trucks
Janet Nodar |
Texas Governor Rick Perry signed legislation that will permanently allow trucks to transport overweight freight between the Port of Brownsville and Mexico. <br /> <br />
Transport, Trade, and Regulation News
Forwarding
Drewry Calls Dry Bulk Recovery Temporary
Peter T. Leach |
Drewry Shipping Consultants is warning against a false dawn in the dry bulk shipping sector.<br /> <br />
Maritime
Container lines
Forwarding
Asian Box Stocks Rated “Buy”
Peter T. Leach |
Some investment analysts think the ocean shipping industry may be reaching the bottom of its downturn and have started recommending Asian shipping stocks.<br /> <br />
Maritime
Container lines
Forwarding
Trans-Pacific Spot Rate Hits New Low
Peter T. Leach |
Average spot rates collected by ocean carriers for a 40-foot container from Hong Kong to Los Angeles fell to a new low of $949 this week, down by 53.4 percent from $2,036 a year ago, according to data
Maritime
Container lines
Forwarding
MSC Consolidates Asia-Med Service
Joseph Bonney |
Mediterranean Shipping Co. will phase out one of its five services from the Far East to the Mediterranean and Europe when it adds new 14,000-TEU vessels this month and in June.<br /> <br />
Maritime
Container lines
Forwarding
Hamburg Volume Falls 21.7 Percent
Thomas L. Gallagher |
Volume at the Port of Hamburg fell 21.7 percent in the first quarter, rounding out seven consecutive months of declining freight.
Maritime
Forwarding
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