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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Univan Opens New Philippines Headquarters in Manila
JOC Staff |
Univan has opened its new office in Manila, reflecting the important role the Philippines plays in the company’s global operations.
Forwarding
Haze Limits Visibility Around Malaysia's Kertih Port
JOC Staff |
Visibility in the waters around Kertih Port in Malaysia could be significantly reduced as a result of haze coming from forest fires in Sumatra, Indonesia, according to Inchcape Shipping Services.
International ports
Forwarding
STX Pan Ocean Files for Chapter 15 Bankruptcy Protection
JOC Staff |
STX Pan Ocean, a South Korean shipping company, has filed for Chapter 15 bankruptcy protection, according to court records, Bloomberg reports.
Container lines
Forwarding
Haze Threatens Shipping in Strait of Malacca
JOC Staff |
The Singapore Shipping Association is “gravely concerned” about the effects of worsening hazy conditions on the safety of ship navigation in the Malacca and Singapore straits region.
Forwarding
Exports: Headhaul of the Future?
Joseph Bonney, Senior Editor |
For years, Peter Friedmann has touted the idea that exports can regain their long-lost dominance over imports in U.S. container trade. Now some economists say the executive director of the Agriculture Transportation Coalition may be onto something.
Forwarding
Port infrastructure
FMC Seeks Even Keel on Rates for Foreign NVOCCs
Mark Szakonyi, Executive Editor |
Forwarding
Transport, Trade, and Regulation News
US Shippers Curb Their Expectations
Mark Szakonyi, Executive Editor |
Shippers aren’t only scaling back how much freight they plan to move this year and in early 2014, but also how much they plan to pay to transport their goods by rail, truck, air and sea.
Transport, Trade, and Regulation News
Rail News
Trucking News
Air Cargo
Forwarding
Drewry: ‘Grim’ Outlook for Global Container Shipping Industry
JOC Staff |
The outlook for the global container shipping industry is “grim,” as carriers’ finances continue to be severely strained and shareholder value erodes...
Container lines
Forwarding
Survey: Overall Confidence in Shipping Industry Rises
JOC Staff |
From March to May, overall confidence levels in the shipping industry increased to their highest level in 2 1/2 years, according to Moore Stephen’s latest Shipping Confidence Survey.
Forwarding
Ag Shippers See Room for Service Improvement
Joseph Bonney, Senior Editor |
Some agriculture shippers say they'd consider paying slightly higher rates if container lines could provide better reliability and service.
Forwarding
Cool Cargo News
Nicaragua Approves Pact With HKND to Develop Canal
JOC Staff |
The Nicaragua National Assembly has ratified the government’s commercial agreement with HKND Group to develop the Nicaragua Canal and Development Project.
Forwarding
International ports
ICS, Major Shipping Nations Discuss Arctic Shipping
JOC Staff |
Board members of the International Chamber of Shipping have met with representatives from major shipping nations, as well as the secretary general of the International Maritime Organization, to discuss Arctic shipping.
Forwarding
Nicaragua Advances Plans for New Interocean Canal
JOC Staff |
HK Nicaragua Canal Development Investment Co. is working with the Nicaraguan government on an interocean canal project that could rival the Panama Canal, The Washington Post reports.
Forwarding
International ports
Strike Hampers Shipments in Indonesia
JOC Staff |
A strike earlier this week at the leading Indonesia gateway port of Tanjung Priok is continuing to cause truck bottlenecks, according to forwarders.
International ports
Drayage
Forwarding
Singapore Expands Green Ship Program
JOC Staff |
On July 1, Singapore’s Green Ship Program will be expanded to recognize Singapore-flag ships that adopt approved sulfur oxide scrubber technology that goes beyond existing International Maritime Organization’s emissions requirements.
Container lines
Forwarding
ICS Chairman Warns of Costs of Environmental Regulations
JOC Staff |
Speaking to delegates at the opening of the Nor-Shipping event in Oslo, Norway, Masamichi Morooka, chairman of the International Chamber of Shipping, said that impending environmental legislation will cost the shipping industry...
Forwarding
PNW Opportunities Grow on Grains — and Bakken Shale
Bill Mongelluzzo, Senior Editor |
The gateways of choice for identity-preserved grain shippers are the Pacific Northwest ports of Seattle, Tacoma and Portland. Intermodal rail service from the Dakotas, Minnesota, Iowa and Wisconsin find their natural terminus at the PNW ports.
Forwarding
Container lines
Behrens-Sørensen Named to NOL Group’s Board
JOC Staff |
NOL Group has appointed Tom Behrens-Sørensen to its board of directors.
Forwarding
Canada's Biggest Ro-Ro Ship Launched in Germany
JOC Staff |
The Oceanex Connaigra, the largest Canadian-flag roll-on, roll-off ship, has launched in Flensburg, Germany.
Forwarding
Wilh. Wilhelmsen Completes $120.5 Million Bond Issue
JOC Staff |
Wilh. Wilhelmsen ASA, the global car and roll-on, roll-off shipping and logistics group, said it has completed a 700 million kronor ($120.5 million) bond issue.
Forwarding
FMC Publishes Proposed Overhaul of OTI Rules
JOC Staff |
The Federal Maritime Commission has published proposed rules that would represent the first substantive revision of regulations for forwarders and non-vessel-operating common carriers since the Ocean Shipping Reform Act of 1998.
Transport, Trade, and Regulation News
Forwarding
Project Researches LNG Use in Canada’s Maritime Sector
JOC Staff |
A $1.2 million joint industry project focused on the use of liquefied natural gas on Canada’s west coast is aiming to identify and address barriers for LNG as a marine fuel in Canada.
Forwarding
Report: North Europe Imports to Decrease
JOC Staff |
North Europe’s import volume in 2013 is projected to decrease by 8.9 percent to 12.2 million 20-foot-equivalent units...
Transport, Trade, and Regulation News
Forwarding
NJ Bill Targets Port Cargo Facility Charge
Joseph Bonney, Senior Editor |
A New Jersey legislative bill seeks to eliminate a Port Authority of New York and New Jersey cargo facility charge that container ship lines complain is costing them millions of dollars a year.
North American ports
Forwarding
Report: Asia-Europe Rates Extend Slide
JOC Staff |
The average container freight rates from Asia to Northern Europe, last tracked on May 24, continued to drop to $1,359 per 20-foot container and $2,352 per 40-foot container, according to Xeneta, an ocean freight price comparison service.
Container lines
Forwarding
Greek Tax Revisions to Impact Shipping Industry
JOC Staff |
Changes recently approved by the Greek parliament regarding the country’s tax laws will impact companies in the shipping industry, according to Moore Stephens, an international accountant and shipping adviser.
Forwarding
TT Club, Exis Technologies to Offer Container Packing Course
JOC Staff |
TT Club and Exis Technologies have teamed up to develop CTUpack e-learning, an online training tool for those involved in the loading and unloading of containers...
Forwarding
World Container Trade Fell in April
JOC Staff |
The Container Throughput Index of the Rheinisch-Westfälisches Institut für Wirtschaftsforschung and the Institute of Shipping Economics and Logistics sank in April to 114.7, compared with 116.7 in March after seasonal adjustment.
Transport, Trade, and Regulation News
Forwarding
Direct Chassis Contribution Expands S. Atlantic Pool
JOC Staff |
Direct Chassis Link, Maersk Line’s primary chassis provider, will contribute all of its chassis in the South Atlantic region to the Consolidated Chassis Management pool known as the South Atlantic Consolidated Chassis Pool, effective June 1.
Forwarding
HSH Nordbank Warns Shipping Recession Will Last Into 2014
JOC Staff |
Germany’s HSH Nordbank, the world’s biggest ship financier, warned the crisis in the shipping market could deepen through 2014, as it announced sharply lower net income and more than tripled loan loss provisions.
Forwarding
Navios Maritime Holdings Reports Net Loss of $10.2 Million
JOC Staff |
Navios Maritime Holdings today reported a net loss of $10.2 million in the first quarter of 2013, plummeting from a net profit of $9.5 million in the first quarter of 2012.
Forwarding
Wilson Sons’ Profit Soared in the First Quarter
JOC Staff |
Wilson Sons reported net income in the first quarter of 2013 totaled $19.5 million, jumping 169.7 percent from $7.2 million in the first quarter of 2012.
Forwarding
Salvage Conference to Discuss Non-Tank Vessel Response Plans
JOC Staff |
New regulations for the non-tank vessel response plans will be discussed at the 2013 National Maritime Salvage Conference, taking place from Sept. 9-12 at the Key Bridge Marriott Hotel in Arlington, Va.
Transport, Trade, and Regulation News
Forwarding
NOL Posts Profit for First Quarter of 2013
JOC Staff |
Neptune Orient Lines Group today reported profit in the first quarter of 2013 was $76 million, improving from a net loss of $254 million in the first quarter of 2012.
Forwarding
India's Gati Sells 40 Percent of Shipping Business
JOC Staff |
Gati Ltd. has sold a 40 percent stake in its shipping subsidiary, Gati Ship Pvt. Ltd., to a strategic partner for Rs. 8 crore (about $1.5 million).
Logistics Technology News
Forwarding
MOL Auto Logistics to Launch India-SE Asia Service
JOC Staff |
Japanese ocean carrier Mitsui O.S.K. Lines announced plans to launch an India-Southeast Asia roll-on, roll-off service, later this month.
Forwarding
Wilh. Wilhemsen's Profit Slumps
JOC Staff |
Wilh. Wilhelmsen’s profit fell 27 percent in the first quarter on lower shipping volumes and a less favorable cargo mix.
Forwarding
Seven Dead, Two Missing After Ship Hits Genoa Port Control Tower
JOC Staff |
At least seven people have died, two are missing and five are injured after a roll-on, roll-off container ship slammed into a control tower at the Italian port of Genoa.
Forwarding
Container lines
Toyota Ships First Venzas From Brunswick to Russia
JOC Staff |
The first Toyota Venzas departed the Port of Brunswick, Ga., May 2, bound for Russia and Ukraine.
North American ports
Forwarding
Suez Canal Tolls Increase
JOC Staff |
Toll increases for ships transiting the Suez Canal took effect May 1.
Forwarding
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