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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Hapag-Lloyd Suspends Cargo Bookings to Riyadh, Saudi Arabia
JOC Staff |
Hapag-Lloyd temporarily suspended “acceptance of shipments” bound for Riyadh via the Port of Dammam, Saudi Arabia.<br /> <br />
Container lines
Maritime
Forwarding
APL Seeks Rate Increase on Asia-Europe Trade
JOC Staff |
APL plans to implement a general rate increase on the westbound leg of Asia-Europe trade, effective July 1.<br /> <br />
Container lines
Forwarding
Forum Participants Say Shippers Lack Understanding of Indexed Contracts
Peter T. Leach, Senior Editor |
Long-term container-shipping contracts based on various freight indexes are gaining ground, but their progress is being slowed by a lack of understanding on the part of shippers.<br /> <br />
Forwarding
European Shippers' Council Opposes Mandatory Container Weighing
Joseph Bonney, Senior Editor |
The European Shippers’ Council criticized a maritime industry proposal that containers be weighed before loading on ships as “a false remedy for an ill-defined disease.”<br />
Forwarding
JOC Economist Lowers Forecast For Container Traffic
Joseph Bonney, Senior Editor |
Sluggish economic growth, a weak jobs market and flagging consumer confidence have led Journal of Commerce Economist Mario O. Moreno to lower his forecast for U.S.
Transport, Trade, and Regulation News
Maritime
Container lines
Forwarding
Panama Canal Completes Building First Pacific Lock Section
Peter T. Leach, Senior Editor |
The contracting group that is building the new set of locks at the Panama Canal completed the first monolith of the new locks on the Pacific end of the canal.<br /> <br />
Forwarding
Maritime
International ports
NVOs Pay the Price for Peak-Season Surcharges
Bruce Barnard, Special Correspondent |
Ocean carriers’ failure to fully implement planned peak-season surcharges on the trans-Pacific trades in May has created a two-tier market, according to Alphaliner. <br /> <br />
Forwarding
Container lines
Report: Long-Term Prospects for North Europe Container Trades Are Strong
Mike King, Special Correspondent |
Long-term prospects for the northern European container trades are “strong” despite short-term macro-economic uncertainty in the eurozone, according to a new report from a UK-based consult
Forwarding
Hapag-Lloyd to Hike Rates on Asia Services
JOC Staff |
Hapag-Lloyd plans to implement a new round of general rate increases on its East Asia services that will take effect July 15.<br /> <br />
Container lines
Forwarding
South Carolina OKs $146.9 Million for Port Investments
Joseph Bonney, Senior Editor |
The South Carolina State Ports Authority approved $146.9 million in capital spending during its fiscal year beginning July 1 and forecast Charleston’s container volume will rise 8 percent during
Port News
Maritime
Forwarding
Container Lines Want IMO to Require Weighing of Laden Containers
Mark Szakonyi, Associate Editor |
Container line, labor and terminal operator groups, along with the Danish, Dutch and U.S.
Forwarding
Shipowners Urge Chile to Keep Antitrust Immunity
Joseph Bonney, Senior Editor |
The International Chamber of Shipping urged Chile to continue to allow ocean carriers to cooperate in rate-setting conferences and consortia.<br /> <br />
Forwarding
Maritime
Transport, Trade, and Regulation News
Concerns Over Freight Rate Slump Are Overstated, Analyst Says
Mike King, Special Correspondent |
Concerns over a slump in container freight rates are overstated because lines are desperate to avoid a rate war and will suppress box slot supply to maintain profits, according to one leading expert.<
Forwarding
Container lines
NLRB Targets ILWU at Portland
Joseph Bonney, Senior Editor |
The National Labor Relations Board’s regional director filed an unfair-labor-practices charge against the International Longshore and Warehouse Union, saying the ILWU slowed work at the Port of
Port News
Container lines
Forwarding
NLRB Rules Against ILWU at Portland
Joseph Bonney, Senior Editor |
The National Labor Relations Board’s regional office said the International Longshore and Warehouse Union engaged in unfair labor practices by slowing work at the Port of Portland, Ore., in a ju
Port News
Container lines
Forwarding
Economist Sees US Economy in Retreat
William B. Cassidy and Mark Szakonyi |
To Lakshman Achuthan, the question isn’t whether the U.S. economy is sliding toward a new recession, but when one will start, if it hasn’t already. <br /> <br />
Transport, Trade, and Regulation News
Maritime
Forwarding
100 Percent Scanning Mandate Gets Reprieve
Mark Szakonyi, Associate Editor |
U.S. importers are learning just how hard it is to kill federal regulation, even when the agency in charge of implementing a law calls it costly and unfeasible. <br /> <br />
Transport, Trade, and Regulation News
Maritime
Forwarding
Though Imports Fell in April, Growth Is Forecast for Year
Joseph Bonney, Senior Editor |
U.S.
Transport, Trade, and Regulation News
Maritime
Forwarding
Threat of Fractured Eurozone Threatens World Economy
William B. Cassidy and Mark Szakonyi |
The fate of the U.S.
Transport, Trade, and Regulation News
Forwarding
Carriers Strategize to Fill Empties Inland With Export Cargoes
Bill Mongelluzzo, Associate Editor |
When APL books an import load from Asia to an inland destination such as Chicago, Dallas or Kansas City, the container line’s logistics experts immediately look for loads to fill the emptied con
Intermodal providers
Maritime
Rail News
Container lines
Forwarding
DP World Thinks Big in Its Investment Strategy
Peter T. Leach, Senior Editor |
Don’t look for DP World to build or buy new container terminals in the United States anytime soon. That’s not sour grapes over the 2006 rebuff by xenophobic U.S.
Port News
Maritime
Forwarding
CG Railway Finds Right Fit in Short-Sea Shipping
Peter T. Leach, Senior Editor |
Through all its fits and starts, perhaps no other North American intermodal service has been discounted quite like short-sea shipping has.
Forwarding
Maritime
Gulf Ports' Growth Compass Points North-South
Peter T. Leach, Senior Editor |
Strong growth in trade between the U.S. Gulf region and the Caribbean, Central and South America is more than making up for weakening volumes to and from recession-battered Europe. <br /> <br />
Port News
Maritime
Forwarding
APM Terminals Takes Stake in China Port Project
Bruce Barnard, Special Correspondent |
APM Terminals has taken a 25 percent stake in a project to expand capacity at Ningbo, China’s third-largest container port that involves a $500 million investment by Denmark’s A.P.
Port News
Forwarding
MSC Adds Asia-US Bunker Surcharges
Peter T. Leach, Senior Editor |
Mediterranean Shipping Co. said it will implement a new bunker adjustment factor on all container shipments from the Far East to both coasts of the U.S. as of July 1.<br /> <br />
Container lines
Forwarding
APL Adds Peak-Season Surcharge on India-US Trade
JOC Staff |
Singapore-based container carrier APL imposed a peak-season surcharge on cargo shipped from India to the U.S., effective June 15.<br /> <br />
Container lines
Forwarding
LA-LB Ports Face Chassis Issues
Bill Mongelluzzo, Associate Editor |
If the ports of Los Angeles and Long Beach experience congestion during the peak-shipping season this fall, it won’t be due to insufficient infrastructure or marine terminal capacity, Southern C
Port News
Forwarding
Drayage
North American ports
Marine terminals
Long Beach Container Volumes Down in May
Bill Mongelluzzo, Associate Editor |
Container volumes at the Port of Long Beach declined 7.23 percent in May compared to May 2011, with imports dropping 9.15 percent and exports down 0.83 percent.<br /> <br />
Port News
Forwarding
Container Volumes Rise at Port of Los Angeles
Bill Mongelluzzo, Associate Editor |
Container volumes at the Port of Los Angeles inched up in May along seasonal trends. Imports increased 2.7 percent compared to May 2011, and exports were up less than 1 percent.<br /> <br />
Port News
Forwarding
US Steel Exports Rose 13.6 Percent in April
Joseph Bonney, Senior Editor |
U.S. steel exports in April rose 13.6 percent year-over-year but posted their third consecutive month-to-month decline, government statistics show.<br /> <br />
Forwarding
Asia-Europe Spot Rates Slide for Sixth Week
Peter T. Leach, Senior Editor |
Average spot rates on the Asia-Europe trade slipped slightly this week for the sixth week in a row, reflecting the growing amount of new capacity that is being deployed and of <a href="http://www.joc.
Forwarding
Idle Container Fleet Drops 47 Percent
Peter T. Leach, Senior Editor |
The idle container fleet has dropped by 47 percent in the last three months as freight rates continue to increase, BIMCO said Thursday.<br /> <br />
Forwarding
India's Trade Deficit Narrows
JOC Staff |
India’s trade deficit narrowed 12 percent in May, the second month of fiscal 2012-13, but both exports and imports fell on a year-over-year basis, the Commerce Ministry reported on Thursday.<br
Transport, Trade, and Regulation News
Forwarding
S&P Downgrades CMA CGM Credit Ratings
Peter T. Leach, Senior Editor |
Standard & Poor’s Ratings Services on Thursday lowered its long-term corporate credit rating on CMA CGM’s debt to “CCC plus” from “B minus”, saying its liquidit
Container lines
Forwarding
APM Terminals Names New Europe Head
Bruce Barnard, Special Correspondent |
APM Terminals has named Ben Vree executive chairman of its European operations, which account for 36 percent of the A.P.
Port News
Forwarding
Shippers Shift Modes Seeking Savings, Capacity
William B. Cassidy, Senior Editor |
Rising transportation costs and <a href="http://www.joc.com/truckload/truckload-capacity-flattening-survey-shows"><u>tight truckload capacity</u></a> are creating more opportunities for intermodal rai
Rail News
North-American rail
Forwarding
APM Terminals Orders Bromma Spreaders for Maasvlakte II
Peter T. Leach, Senior Editor |
APM Terminals, <u><em><a href="http:// http://www.joc.com/portsterminals/apmt-places-second-crane-order-rotterdam-expansion">on a crane-buying spree</a></em></u>, Tuesday ordered 31 ship-to-shore spre
Port News
Forwarding
Box Ships Buys Two Container Vessels from OOCL
Bruce Barnard, Special Correspondent |
Greece’s Box Ships Inc.
Container lines
Forwarding
Five Carriers Reconfigure Peak Asia-Latin America Slings
Peter T. Leach, Senior Editor |
Five carriers announced plans to reconfigure the slings of their joint service to meet peak-season demand on the trade between Asia and the West Coast of Mexico and South America.<br /> <br />
Container lines
Forwarding
Peak Surcharge Fuels 20 Percent Jump in Trans-Pacific Rates
Peter T. Leach, Senior Editor |
Average spot rates on the eastbound trans-Pacific trade surged 20 percent this week as carriers put a peak-season surcharge into effect on June 10.<br /> <br />
Forwarding
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