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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
USDA Releases Container Availability Report
Bill Mongelluzzo, Associate Editor |
The U.S.
Forwarding
Strong Exports, Weak Imports Narrow US Trade Deficit
Mark Szakonyi, Associate Editor |
A 0.7 percent year-over-year decline of U.S imports in May and the second-best month ever for the exports of goods and services helped pull the U.S.
Forwarding
Pacific Container Lines Plan Another Rate Hike
Bill Mongelluzzo, Associate Editor |
Having succeeded in raising their freight rates several times since Jan. 1, carriers in the eastbound Pacific will try to secure another rate increase in early August.<br /> <br />
Container lines
Forwarding
Virginia Extends Deadline for Terminal Bids
Peter T. Leach, Senior Editor |
The Virginia Department of Transportation said Wednesday it is extending until Aug.
Port News
Forwarding
Trans-Pacific Spot Rate Declines 2.9 Percent
Peter T. Leach, Senior Editor |
Average spot rates in the eastbound trans-Pacific trade lane fell 2.9 percent this week, dropping for the second week in a row since carriers put a peak-season surcharge into effect on June 10.
Forwarding
Retailers Optimistic Imports Will Increase This Fall
Bill Mongelluzzo, Associate Editor |
Retailers continue to plan for increased imports this fall despite discouraging news recently regarding consumer confidence, employment numbers and retail sales.<br /> <br />
Forwarding
Maritime
Vietnam’s Cai Mep Losing Carrier Appeal, Alphaliner Says
Bruce Barnard, Special Correspondent |
Vietnam’s ambitious Cai Mep container port is losing its appeal to ocean carriers, according to Alphaliner, as lower-than-expected cargo volumes have cut the number of weekly direct line-haul se
Port News
Forwarding
Report: Japanese Container Trade Will Rise 3.2 Percent in Fiscal 2012
Hisane Masaki, Special Correspondent |
Japan's containerized cargo trade will rise 3.2 percent year-over-year in fiscal 2012, which started on April 1, to 12.865 million 20-foot equivalent units, a Tokyo-based research firm predicted in a
Forwarding
Judge Rules Against Dismissal of Savannah River Dredging Suit
Peter T. Leach, Senior Editor |
The fate of the long-planned Savannah Harbor Expansion Project remains undecided after a federal judge ruled against the dismissal of an environmentalists’ lawsuit aimed at blocking a pollution
Port News
Forwarding
Port infrastructure
Maersk Sets Rate Hikes on Asia Services
JOC Staff |
Maersk Line plans to implement a new round of general rate increases in its Asia services that would take effect Aug. 1.<br /> <br />
Container lines
Forwarding
EGT’s Design and Efficiency Touted at Opening Ceremonies
Bill Mongelluzzo, Associate Editor |
Agricultural exports, such as grain shipments moving through the new EGT terminal in Longview, Wash., are leading the economic recovery, the chief agricultural negotiator at the Office of the U.S.
Port News
Forwarding
Developer Sought for Nova Scotia Container Hub
Peter T. Leach, Senior Editor |
Cape Breton is looking for a terminal operator to build a container terminal on a greenfield tract of land in the deep-water harbor of Sydney, Nova Scotia.<br /> <br />
Port News
Forwarding
Port infrastructure
Box Ships Pulls Public Offering
Bruce Barnard, Special Correspondent |
Box Ships Inc.
Forwarding
Container lines
Japanese Shipowners Call for Withdrawal of Panama Toll Hikes
Peter T. Leach, Senior Editor |
The Japanese Shipowners’ Association voiced strong objections on Friday to the toll increases proposed by the Panama Canal Authority and urged it to withdraw the increases scheduled for this Oct
Forwarding
International ports
Maersk to Raise India-Latin America Rates
JOC Staff |
Maersk Line will seek a general rate increase on shipments from India to Latin America, effective Aug. 1.<br /> <br /> The proposed increase will be $150 per 20-foot-equivalent unit.<br /> <br />
Container lines
Forwarding
Long Beach Offers Rail Incentives to Shipping Lines
Bill Mongelluzzo, Associate Editor |
The Port of Long Beach plans to provide an incentive payment to ocean carriers in hopes of attracting more intermodal rail cargo to the port.<br /> <br />
Port News
Maritime
Rail News
Forwarding
Asia-Europe Rates Rebound After Eight Weeks of Declines
Peter T. Leach, Senior Editor |
After eight straight weeks of declines, average spot rates on the westbound Asia-Europe trade jumped by 13.1 percent on July 5 as carriers on that route put general rate increases into effect ranging
Forwarding
CMA CGM in Consortium Planning Abidjan Container Terminal Bid
Bruce Barnard, Special Correspondent |
French ocean carrier CMA CGM said it is a member of a consortium that plans to bid and invest between 200 million euros and 250 million euros ($250 million-$315 million) to develop and operate a secon
Port News
Container lines
Forwarding
Trans-Pacific Spot Rate Falls for First Time in Three Weeks
Peter T. Leach, Senior Editor |
Average spot rates on the eastbound trans-Pacific trade lane fell 6.7 percent this week, in the first drop since <a target="_blank" href="http://www.joc.com/container-shipping/peak-surcharge-fuels-20-
Forwarding
Hapag-Lloyd Extends Europe-Asia Peak Surcharge
JOC Staff |
Hapag-Lloyd said it plans to extend a $250 per 20-foot container peak-season surcharge imposed May 1 on Europe-Asia trades through the end of August.<br /> <br />
Container lines
Forwarding
T.S. Lines Joins China-India Express Service
JOC Staff |
Taiwanese ocean carrier T.S. Lines is joining the China-India Express (CIX) service operated by Hyundai Merchant Marine, effective this month.<br /> <br />
Container lines
Forwarding
Judge Bars ILWU From Slowdowns at Portland
Bill Mongelluzzo, West Coast Editor |
A U.S.
Port News
Forwarding
Top 20 Ocean Carriers Boost Fleets by 844,000 TEUs
Bruce Barnard, Special Correspondent |
The world’s top 20 ocean carriers boosted their container ship fleets by 844,000 20-foot equivalent units in the past 12 months, intensifying competition even as they piled up large losses, acco
Forwarding
Maritime
Container lines
Hapag-Lloyd Sets Rate Hikes on Asia-Europe Trade
JOC Staff |
Hapag-Lloyd plans to implement a peak-season surcharge and a general rate increase on Asia-Europe trade, as part of a new rate restoration program.<br /> <br />
Container lines
Forwarding
Maersk Ltd. Gains Up to $2.1 Billion US Defense Contract
Mark Szakonyi, Associate Editor |
Maersk Line Ltd. was awarded an up to $2.1 billion contract from the U.S. Department of Defense to ship cargo internationally until the end of August 2013.<br /> <br />
Forwarding
Container Volumes Grow at West Coast Ports
Bill Mongelluzzo, Associate Editor |
Container volumes at West Coast ports increased 7 percent in May compared to May 2011, with imports up 8 percent and exports up 5 percent, according to <a href="http://www.pmanet.org/hours_data/index.
Port News
Forwarding
Report: US Soybean Exports to Help Drive Trade Up 95 Percent
Mark Szakonyi, Associate Editor |
U.S. exports of soybeans, coal and petroleum will drive the nation’s trade to expand 95 percent by 2026, as global trade jumps 98 percent in the same period, according to a HSBC report. <br />
Transport, Trade, and Regulation News
Maritime
Forwarding
Dockwise Adds to Stake in Fairstar
Bruce Barnard, Special Correspondent |
Dockwise, the Dutch heavy-lift operator, said it now controls 80.4 percent of the outstanding shares of takeover target Fairstar Heavy Transport.<br /> <br />
Forwarding
NOL to Sell Singapore Headquarters
Peter T. Leach, Senior Editor |
NOL plans to sell its Singapore headquarters building as part of an ongoing cost-reduction and restructuring program that is producing wide-spread layoffs globally.<br /> <br />
Container lines
Forwarding
Hapag-Lloyd to Hike Rates on East Asia Services
JOC Staff |
Hapag-Lloyd said it will impose a general rate increase on all kinds of container equipment shipped from East Asia (excluding Japan) to ports on the Indian subcontinent.
Container lines
Forwarding
Container Rate Indexing Grows at a Snail's Pace
Peter T. Leach, Senior Editor |
Are long-term freight contracts reset periodically to reflect variations in spot rate indices the answer to rate volatility?
Forwarding
Maritime
Container lines
IMO Pressed to Require Weighing of Containers
Joseph Bonney, Senior Editor |
Container ship lines say it’s not unusual for their cargoes’ actual weights to be 3 to 7 percent higher than reported weights.
Transport, Trade, and Regulation News
Maritime
Container lines
Forwarding
Air Cargo Shippers Look to the Sea
Mark Szakonyi, Associate Editor |
You’d be hard pressed to find stronger evidence of the shift of freight transportation from air to sea than when FedEx, operator of the world’s largest air cargo fleet, points it out.
Maritime
Forwarding
Air Cargo
Air Cargo Carriers News
Several Rate Indices Available
Peter T. Leach, Senior Editor |
Shippers and carriers use several spot rate indices to benchmark their contracts.
Forwarding
Maritime
Container lines
Ruling on Portland Port Reefer Work Delayed
Bill Mongelluzzo, Associate Editor |
The court-appointed master who is handling a jurisdictional dispute between the International Longshore and Warehouse Union and the International Brotherhood of Electrical Workers at the Port of Portl
Longshore labor
Forwarding
Carriers Urge FMC to Drop Rate Index Plan
Joseph Bonney, Senior Editor |
The Federal Maritime Commission’s proposal to create a container rate index for agricultural exports would violate the Ocean Shipping Reform Act’s confidentiality provisions and should be
Forwarding
MSC Adds Jacksonville to US-Central America Loop
Peter T. Leach, Editor-at-Large |
Mediterranean Shipping Co. revamped its weekly service between the U.S.
Container lines
Forwarding
APL Restructures Indian Subcontinent-Red Sea Service
JOC Staff |
Singapore-based container carrier APL is reorganizing its Subcontinent-Red Sea Express (SRX) Service, effective in July.<br /> <br />
Container lines
Forwarding
Tacoma to Welcome Two New Services in August
Bill Mongelluzzo, Associate Editor |
The Port of Tacoma will receive two new container services in early August when the Mediterranean Pacific and the Oceania services begin calling at the port.<br /> <br />
Forwarding
Container lines
Truck Strike Slams South Korea Container Trade
Mike King, Special Correspondent |
A truck strike over working conditions in South Korea continued to paralyze import and export trade Thursday.<br /> <br />
Forwarding
Trucking labor
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