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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
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News & Analysis
Greek Parliament OKs Cosco Piraeus Deal
Bruce Barnard |
London – Greek lawmakers approved a controversial agreement giving China’s Cosco Pacific a 30 year concession to operate container terminals in Piraeus, the country’s top box hub.<br
Maritime
Forwarding
Ports America in Lease at Port of Oakland
Bill Mongelluzzo |
The Port of Oakland awarded a 50-year concession and lease agreement to Ports America Outer Harbor to upgrade and operate five container berths in the port's outer harbor area.<br /> <br />
Maritime
Forwarding
Recession Puts Freeze On Lakes Season
Thomas L. Gallagher |
Less iron ore production due to the recession is likely to delay the start of the 2009-10 shipping season on the Great Lakes. <br /> <br />
Maritime
Forwarding
Intermarine Takes Delivery of Industrial Egret
Staff |
The Industrial Egret, the second in a series of four new ships to enter the Intermarine fleet in the next twelve months, was delivered last month to Intermarine in Portugal. <br /> <br />
Maritime
Forwarding
China Box Throughput Stalled for ‘09
Peter T. Leach |
Container volumes at most Chinese ports will grow at single digits rates this year, and may actually decline at some.<br /> <br />
Maritime
Forwarding
Trans-Pacific Rate Cuts Loom
Peter T. Leach |
LOS ANGELES -- If the big container lines that have cut rates to the unprofitable bone on the Asia-Europe trade start lowering their rates on the trans-Pacific this season, the other lines are sure to
Maritime
Container lines
Forwarding
CMA CGM Hikes Rates
Bruce Barnard |
LONDON - CMA CGM on March 2 became the latest carrier to announce increases in ocean freight rates across its main trades for the second quarter.<br /> <br />
Maritime
Container lines
Forwarding
Idle Box Fleet Reaches 1.35M TEUs
Bruce Barnard |
LONDON - Idled ocean container capacity on March 2 reached a record 1.35 million TEUs with 453 ships without work as carriers continue to axe services in the face of collapsing cargo volumes and tumbl
Maritime
Container lines
Forwarding
Panama Canal Asks for Dredging Bids
The Journal of Commerce Staff |
The Panama Canal Authority is asking for proposals to dredge the Canal's Atlantic entrance.<br /> <br />
Maritime
Forwarding
Samudera Profit Grows with Box Volume
The Journal of Commerce Staff |
Singapore-based Samudera Shipping Line posted net profit of $26.8 million for fiscal 2008, up 29 percent from $20.7 million the previous year. <br /> <br />
Maritime
Container lines
Forwarding
Auto Sprawl
Peter T. Leach |
If you want to see what economists mean by “inventory overhang,” take a look at the parking lots around any of the major auto ports.
Forwarding
Container lines
Competing for Cargo
Bill Mongelluzzo |
The ports of Los Angeles and Long Beach want your
Maritime
Forwarding
Routes to Recovery
Alan M. Field |
Factories shutting down by the thousands. Falling container volumes at ports. Double-digit declines in imports and exports. Is China’s heyday coming to an end?<br /> <br />
Transport, Trade, and Regulation News
Forwarding
Crouching Carriers, Hidden Demand
Joseph Bonney |
For more than a decade, exports from Asia were a high-revving engine of growth for trans-Pacific container trade and an increasingly global economy.
Maritime
Container lines
Forwarding
New CTO for Sino-Global Shipping
The Journal of Commerce staff |
Sino-Global Shipping America, Ltd., a leading, non-state-owned provider of shipping agency services operating primarily in China, announced the appointment of Mr.
Maritime
Container lines
Forwarding
Yang named MOL regional sales manager
The Journal of Commerce staff |
MOL has announced the appointment of Rebecca Yang to the position of Regional Import Sales Manager, Southeast Gulf Region. <br /> <br />
Maritime
Container lines
Forwarding
Gloom Grows for Global Economy
The Journal of Commerce Staff |
A leading economic firm revised its outlook for ec
Transport, Trade, and Regulation News
Forwarding
China Handles Fewer Containers
Bruce Barnard |
The volume of containers handled by Chinese ports
Maritime
Forwarding
GDP Plunged 6.2 Percent in 4Q
Tom Gallagher |
Gross domestic product fell at an annual rate of 6
Transport, Trade, and Regulation News
Forwarding
MSC Seeks Trans-Atlantic Rate Increases
Peter T. Leach |
Mediterranean Shipping Co.
Maritime
Container lines
Forwarding
Alabama Builds Intermodal Facility
The Journal of Commerce Staff |
Construction is underway on Alabama State Port Aut
North-American rail
Forwarding
More Box Ships to be Idled
Bruce Barnard |
LONDON -- Container ship charter owners are prepar
Maritime
Container lines
Forwarding
U.S. Rail Volume Plunges
John D. Boyd |
The collapse of container traffic at the nation's
Rail News
North-American rail
Forwarding
YRC Logistics Adds 10+2 Service
Thomas L. Gallagher |
YRC Logistics, a subsidiary of YRC Worldwide, added to its global trade management services a team of experienced licensed customs brokers to help importers comply with the new Importer Security Filin
Transport, Trade, and Regulation News
Forwarding
100 Percent Scanning Unlikely by Deadline
R. G. Edmonson |
Homeland Security Secretary Janet Napolitano said Wednesday that Customs and Border Protection is not likely to meet a 2012 deadline for scanning all U.S.-bound containers.<br>
Transport, Trade, and Regulation News
Maritime
Forwarding
NYK to Cut Capacity Again
Hisane Masaki |
TOKYO -- Japan's largest shipping firm, NYK Line, is cutting its container fleet transport capacity on its major routes, including Asia-North America, by an additional 10 percent this spring.<br>
Maritime
Container lines
Forwarding
Port of Long Beach Plans Incentives
Bill Mongelluzzo |
LONG BEACH, Calif. -- The Port of Long Beach beginning April 1 plans to offer financial incentives to marine terminal operators and ocean carriers to ship more rail cargo through the port.
Maritime
Forwarding
Seattle Box Volume Dips 5.7 Percent
JOC Team |
SEATTLE -- The Port of Seattle's container volume in January declined 5.7 percent to 128,837 TEUs from the same month last year, but that was a big comeback from its December performance, when box tra
Maritime
Forwarding
HSH Nordbank Gets $3.9 Billion in Aid
Bruce Barnard |
Two German states on Tuesday agreed to inject 3 billion euros ($3.9 billion) into HSH Nordbank, the world's biggest shipping bank and member of a consortium buying ocean carrier Hapag-Lloyd.
Maritime
Container lines
Forwarding
OOCL Seeks Asia-Europe Rate Hike
Peter T. Leach |
Orient Overseas Container Line said it will seek a rate increase of $200 per 20-foot container of dry cargo on its service from Asia to North Europe as of April 8.<br>
Maritime
Container lines
Forwarding
Liner Drags MISC Profits
JOC Team |
Ocean carrier MISC Berhad announced group profits fell in the third quarter from a year earlier despite increased revenue, due primarily to losses in the liner segment.<br>
Maritime
Container lines
Forwarding
Record Japan Trade Deficit
Hisane Masaki / The JOURNAL of COMMERCE ONLINE |
Japan posted a record trade deficit of 952.6 billion yen ($9.82 billion) in January, as exports tumbled at their fastest pace amid the global economic slump, according to preliminary figures released
Transport, Trade, and Regulation News
Forwarding
Asia Express Consortium, MSC Team Up
The JOURNAL of COMMERCE ONLINE |
Asia Express Consortium members Hamburg Sud and CCNI will consolidate some services with Mediterranean Shipping between Asia, Mexico and the west coast of South America because of deteriorating m
Maritime
Container lines
Forwarding
TUI Likely to Buy More of Hapag-Lloyd
Bruce Barnard |
TUI likely will acquire a bigger stake in Hapag-Lloyd than it originally planned in order to finalize the sale of the world's fifth-largest ocean carrier.<br>
Maritime
Container lines
Forwarding
Asia Express Consortium, MSC Team Up
JOC Team |
Asia Express Consortium members Hamburg Sud and CCNI will consolidate some services with Mediterranean Shipping between Asia, Mexico and the west coast of South America because of deteriorating market
Maritime
Container lines
Forwarding
Firing, not hiring
BY BILL MONGELLUZZO |
In describing the state of the container shipping industry, executive recruiter Bill Conroy quotes o
Forwarding
Looking for Options
Peter T. Leach |
Copyright 2009, Traffic World, Inc.<br>
Maritime
Container lines
Forwarding
Maersk upgrades Asia-Europe
The JOURNAL of COMMERCE ONLINE |
Maersk Line announced a series of enhancements and adjustments to its Asia-Europe network.<br>
Maritime
Container lines
Forwarding
Gate Crashing
John Gallagher |
Weak imports and exports moving through Southern California are putting a strain on one of the most successful freight efficiency and congestion mitigation programs ever created for intermodal trucks.
Trucking News
Trucking labor
Forwarding
APL to Raise Asia-Europe Rates
Peter T. Leach |
APL said it will raise freight rates on the Asia-Europe trade next month. <br>
Maritime
Container lines
Forwarding
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