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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
Port Expansions, Mega-Ships Squeezing Breakbulk
Mike King, Special Correspondent |
Forwarding
Clarksons’ Profit Plunges on Weak Shipping Markets
JOC Staff |
Clarksons’ pretax profit plunged to £20.4 million ($30.6 million) in 2012 from £32.2 million in 2011, as the world’s biggest ship broker was buffeted by weakening shipping markets that saw rates in some sectors slump to their lowest levels since the 1980s.
Forwarding
From TPM: Index-Linked Contracts Still Slow to Catch On
Peter T. Leach, Editor-at-Large |
LONG BEACH, Calif. — Beneficial cargo owners still have too many concerns about long-term index-linked contracts to abandon the long-established model of negotiating annual freight contracts with ocean carriers, a panel on the new instruments was told at the TPM Conference in Long Beach on Monday.
Forwarding
China's Production Shifts Remodel Shipping
Mike King, Special Correspondent |
Striking new statistics on the origin of Chinese exports reveal how the focus of Chinese manufacturing is gradually shifting away from the costly south and toward the north and west.
Forwarding
DHL Launches Two India LCL Services
JOC Staff |
Logistics Technology News
Forwarding
Seacor Holdings Posts 4Q Loss
JOC Staff |
Seacor Holdings reported a net loss of $2.7 million in the fourth quarter of 2012, including a loss from continuing operations of $8.3 million, dropping from a profit of $17.0 million in the fourth quarter of 2011.
Forwarding
China, Japan Rock the Boat on Trade
Mike King, Special Correspondent |
Analysts are hopeful that trade between Japan and China will improve gradually this year after a 2012 slump made far more painful by a territorial dispute over a group of islands in the East China Sea.
Container lines
Forwarding
Sandy Alters Marine Insurance Climate
Peter T. Leach, Editor-at-Large |
Forwarding
Container lines
California Eyes Freight Plan to Bolster Competitive Position
Bill Mongelluzzo, Senior Editor |
Transport, Trade, and Regulation News
North American ports
Forwarding
Toyota to Export US-Made Vehicles to Russia and Ukraine via Port of Brunswick
JOC Staff |
Toyota will begin exporting U.S.-assembled Venza vehicles to Russia and Ukraine in 2013.
Forwarding
Weiss Röhlig Launches Taiwan-Boston Service
JOC Staff |
Weiss Röhlig has launched a weekly consolidation container service for loose cargo from Taiwan to Boston.
Forwarding
Russia-Hamburg Box Traffic Grows on WTO Entry
JOC Staff |
Germany’s Port of Hamburg today reported that about 675,000 20-foot-equivalent unit containers were handled between Hamburg and Russian ports in 2012, increasing 13.3 percent year-over-year.
Forwarding
Ship Finance International’s Profit Soars
JOC Staff |
Ship Finance International today reported net income in the fourth quarter of 2012 was $51 million, increasing 46 percent from $35 million in the third quarter of 2012.
Forwarding
NOL Shrinks Losses for Fourth Quarter and Year
JOC Staff |
Neptune Orient Lines today reported a net loss of $98 million in the fourth quarter of 2012, improving 69 percent from a net loss of $320 million in the fourth quarter of 2011.
Forwarding
Survey: Most Shippers Want to Cut Costs Via E-Invoicing
JOC Staff |
More than 80 percent of ocean shippers are looking to cut costs through e-invoicing in 2013, according to a survey of high-volume shippers and freight forwarders by INTTRA.
Forwarding
LA Customs Brokers, Freight Forwarders Group Elects Quintana to Board
JOC Staff |
The Los Angeles Customs Brokers and Freight Forwarders Association has elected Karen Quintana, the western regional director of compliance at Yusen Logistics (Americas), to its board of directors.
Forwarding
Office Clerical Workers Approve LA-LB Contracts
JOC Staff |
Longshore labor
Forwarding
LCL Logistix Opens Third Container Freight Station in India
JOC Staff |
LCL Logistix has opened its third container freight station in Haldia, near Kolkata Port on India’s east coast.
Forwarding
Sandy Loss Claims Adding Up, Pressuring Premiums
Peter T. Leach, Editor-at-Large |
Hurricane Sandy shipment claims, coming on top of a record year for marine insurance claims, may cause a flattening of the overcapacity in the insurance market that has led to steep declines in premiums over the last few years.
Forwarding
CAI International’s Profit Jumps 27 Percent
JOC Staff |
CAI International reported profit of $64.3 million last year, increasing 27 percent from $50.8 million in 2011.
Intermodal providers
Forwarding
US Auto Industry in High Gear
Joseph Bonney, Senior Editor |
Va-roooom! Auto parts shipments been gaining speed for three years since the Great Recession, and they’re poised to accelerate further in 2013.
Forwarding
Sino-Global Reports Loss, But Results Improve
JOC Staff |
Sino-Global Shipping America reported a net loss of $564,854 in the second quarter of fiscal year 2013, ending Dec. 31, 2012, improving from a net loss of $827,385 in the same quarter in the previous fiscal year.
Container lines
Forwarding
Logistics Unit Drives Revenue, Profit Growth at Wilhelmsen
JOC Staff |
Forwarding
Dockwise's Revenue, Profit Jump on Eve of Takeover
JOC Staff |
Forwarding
Asian Container Volumes Drop
JOC Staff |
Forwarding
Kintetsu World Express' Net Profit Sinks 10.9 Percent
JOC Staff |
Logistics Technology News
Air Cargo
Forwarding
Drewry: Ship Reliability Shows ‘Significant’ Improvement
JOC Staff |
Ship and container performance indicators showed “significant” quarter-on-quarter increases in reliability in the fourth quarter of 2012, according to Drewry Maritime Research’s recently published quarterly report.
Forwarding
Container lines
ILA, Employers Aim to Conclude Local Talks by March 1
Joseph Bonney, Senior Editor |
Longshore labor
Forwarding
LA Customs Brokers and Forwarders Group Names 2013 Officers
JOC Staff |
The Los Angeles Customs Brokers and Freight Forwarders Association, which represents licensed U.S. customs brokers, freight forwarders and non-vessel-operating common carriers and firms in Southern California...
Forwarding
Strike Hits DP World's Egyptian Container Terminal
JOC Staff |
Longshore labor
Forwarding
Shippers Face Challenges on Land and Sea
Bill Mongelluzzo, Senior Editor |
A looming driver shortage, rate increases and equipment dislocations are the main challenges that cargo interests will encounter over the next two years as the U.S. economic recovery continues, transportation experts told a Journal of Commerce Webcast Tuesday.
Forwarding
Trucking News
LA-LB Clerical Workers to Vote on Contract Feb. 6
JOC Staff |
Longshore labor
Forwarding
Forwarders See Slot Shortages as Unlikely Ahead of Chinese New Year
Mike King, Special Correspondent |
Forwarding
New Shipping Line Sets Sail in the Pacific
JOC Staff |
Sofrana Unilines has announced the launch of a new, independent shipping line, Greater Pacific Shipping, to service customers in the Pacific.
Forwarding
Marine Exchange of Southern California Names Louttit Executive Director
JOC Staff |
The nonprofit organization Maritime Exchange of Southern California has named James Kipling “Kip” Louttit as executive director.
Forwarding
Rate Hikes Unlikely to Outlast Pre-New Year Cargo Surge
Mike King, Special Correspondent |
Forwarding
European Commission Approves Finland Ship Fuel Initiative
JOC Staff |
The European Commission has found amendments to an existing Finnish scheme supporting investment in cleaners ships comply with the European Union’s state aid rules.
Forwarding
Ontario Teachers’ Pension Plan Acquires SeaCube Container Leasing
JOC Staff |
Ontario Teachers’ Pension Plan has acquired all of the shares of Park Ridge, N.J.-based SeaCube Container Leasing in an agreement between the two companies.
Forwarding
DDGS Classified Non-Hazardous
JOC Staff |
Classification of distiller’s dried grains with solubles as non-hazardous cargo has become final and mandatory under the International Maritime Organization’s code.
Transport, Trade, and Regulation News
Forwarding
Indian Court Rejects Italy's Appeal in Ship Guard Trial
JOC Staff |
Transport, Trade, and Regulation News
Forwarding
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