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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Maersk Line Ltd. Ship Repels Pirates
Peter T. Leach, Senior Editor |
The crew of a small U.S.-flag Maersk container ship repelled a pirate attack in the Gulf of Oman on Wednesday, the company confirmed.<br /> <br />
Container lines
Forwarding
Virginia Weighs APM Bid for VPA Terminals
Peter T. Leach, Senior Editor |
The state of Virginia is considering a proposal from APM Terminals to take over the operating rights of the Port of Virginia’s marine terminals. <br /> <br />
Port News
Forwarding
Trans-Pacific Spot Rates Hold Firm
Peter T. Leach, Senior Editor |
Eastbound trans-Pacific spot rates held steady this week for the fourth week in a row, indicating that carriers are maintaining pricing discipline on <a href="http://www.joc.com/container-lines/carrie
Forwarding
Container lines
Indonesia to Build Transshipment Terminal Near Batam
Mike King, Special Correspondent |
Indonesia plans to build a major new container transshipment terminal designed to offer lines an alternative to Singapore and Tanjung Pelepas in Malaysia.<br /> <br />
Port News
Maritime
Forwarding
Analyst: Weak European Demand Could Force Lines to Idle Ships
Mike King, Special Correspondent |
Divergent demand growth rates between the trans-Pacific and Asia-Europe container shipping trades will emerge as the year progresses forcing carriers to take drastic action or risk losing the gains ma
Container lines
Forwarding
Green Reefers Calls It Quits
Bruce Barnard, Special Correspondent |
Norway’s Green Reefers, one of the largest operators of refrigerated cargo ships, is winding up its operations and selling its fleet to its controlling shareholder after its bankers refused to p
Forwarding
APL and PIL to Launch New Far East-Red Sea Service
Mike King, Special Correspondent |
APL and Pacific International Lines will launch a new a new joint service linking the Far East and Red Sea next month.<br /> <br />
Container lines
Forwarding
Ocean Carriers Plan to Double Scrapping This Year
Bruce Barnard, Special Correspondent |
Ocean carriers and shipowners are set to scrap container ships totaling more than 200,000 20-foot equivalent units capacity in 2012, more than twice the capacity sent to breakers’ yards last yea
Forwarding
Maritime
Container lines
Damco Volume Grew in First Quarter
Joseph Bonney, Senior Editor |
Damco, the logistics unit of the A.P.
International ports
Air Cargo Carriers News
Forwarding
New Geared Container Ship Joins Safmarine Fleet
Peter T. Leach, Senior Editor |
Safmarine took delivery of its latest container ship on Monday, the Safmarine Chachai, which was specially built for the African trades by Hyundai Heavy Industries of South Korea.<br /> <br />
Container lines
Forwarding
Hapag-Lloyd to Raise India-Europe Freight Rates
JOC Staff |
Hapag-Lloyd will implement a general rate increase on its services from India to Europe and the Mediterranean.<br /> <br />
Container lines
Maritime
Forwarding
Antwerp to Operate Dutch Rail Terminal
Bruce Barnard, Special Correspondent |
The Antwerp Port Authority has joined a consortium to operate a new rail freight terminal across the border of the Netherlands.<br /> <br />
Intermodal providers
Rail News
Forwarding
Savannah Container Throughput Dropped in April
Peter T. Leach, Senior Editor |
The volume of containers moving through the port of Savannah dropped by 4.2 percent in April from the same month last year and by the same amount from <a href="http://www.joc.com/portsterminals/georgi
Port News
Forwarding
North American ports
MSC Hikes Rates from Eastern Mediterranean to Chile
Peter T. Leach, Senior Editor |
Mediterranean Shipping Co. will put a general rate increase into effect next month on all westbound cargo shipped from the Eastern Mediterranean to the ports of Arica and Iquique in Chile.<br />
Container lines
Forwarding
Three Carriers Form West Africa-Europe VSA
Peter T. Leach, Senior Editor |
Evergreen Line, Hanjin Shipping and United Arab Shipping Co.
Container lines
Forwarding
Centers of Excellence and Expertise Ease Imports Processing
Bill Mongelluzzo, Associate Editor |
Few industries can match the repetitive practices of automobile importers. “We use the same carriers. We ship to the same destinations.
Transport, Trade, and Regulation News
Maritime
Forwarding
Euro-Crash Threatens Asia-Europe Peak-Season Surcharges
Bruce Barnard, Special Correspondent |
Ocean carriers are walking a tightrope in the Asia-Europe trades as they prepare to raise freight rates for the fourth time this year in a bid to maximize profits during the peak shipping season.<br /
Container lines
Maritime
Forwarding
Russia’s Summa Close to $1 Billion Fesco Deal
Bruce Barnard, Special Correspondent |
Russia’s Summa trading and investment group is reported to be close to agreeing on a $1 billion deal to take control of Fesco, the owner of the country’s largest ocean container carrier.<b
Forwarding
Asia-Europe Spot Rates Slip
Peter T. Leach, Senior Editor |
Average spot rates in the westbound Asia-Europe trade fell 4 percent on May 17 from the week before, indicating the most recent general rate increases ocean carriers put into effect on May 1 are not h
Forwarding
Container lines
OOCL to Implement Europe-Asia Rate Hike
Mike King, Special Correspondent |
OOCL will implement a further general rate increase on the North Europe to Asia trade on June 15.<br /> <br />
Container lines
Forwarding
PNW Ports Building on Reliability
Bill Mongelluzzo, Associate Editor |
John Wolfe’s staff at the Port of Tacoma regularly holds stakeholder meetings where it asks terminal operators, longshoremen, carrier representatives and truckers what the port authority can do
Port News
Maritime
Forwarding
Container Shipping Profits to Bounce Back in Second Half, Analyst Says
Mike King, Special Correspondent |
Many container ship operators will report losses in the first half of 2012 before bouncing back later in the year, according to a shipping analyst.<br /> <br />
Forwarding
HHLA Downgrades 2012 Revenue, Profit Forecast
Bruce Barnard, Special Correspondent |
HHLA has downgraded its revenue and earnings guidance for 2012 after the port of Hamburg’s biggest stevedore posted a 22.6 percent drop in first quarter operating profit.<br /> <br />
Port News
Forwarding
Hamburg Box Traffic Grew 5.2 Percent in First Quarter
Bruce Barnard, Special Correspondent |
The port of Hamburg’s container volume grew 5.2 percent in the first quarter, boosting its Northern Europe market share at the expense of close rivals Rotterdam and Antwerp as surging traffic on
Port News
Forwarding
Maersk Adds Peak-Season Surcharges on India-US Trade
JOC Staff |
Maersk Line will apply a peak-season surcharge on shipments from India to the U.S. and Canada, starting June 15.<br /> <br />
Forwarding
LA-LB Imports Rose 3 Percent in April
Bill Mongelluzzo, Associate Editor |
Loaded containers moving through the Los Angeles-Long Beach port complex increased 4 percent in April over April 2011, with imports up 3 percent year-over-year.
Port News
Forwarding
North American ports
Saint Lawrence Seaway Begins Season With Volume Gain
Mark Szakonyi, Associate Editor |
A jump in coal shipments helped boost cargo volume on the Saint Lawrence Seaway up 2.2 percent in the first five weeks of the waterway season in 2012.<br /> <br />
Container lines
Maritime
Forwarding
Container Ship Schedule Reliability Improves
Peter T. Leach, Senior Editor |
The schedule reliability of container ships in all trade lanes improved to 72.3 percent in the first quarter of 2012 from 69.4 percent in the last quarter of 2011, according to the latest quarterly Ca
Forwarding
Container lines
Virginia Container Throughput Climbs 5.2 Percent
Peter T. Leach, Senior Editor |
The container volume handled by the Port of Virginia increased 5.2 percent year-over-year in April, to 169,644 20-foot equivalent units.
Port News
Forwarding
Jean-Louis Cambon, Leading Shipper Campaigner, Dies
Bruce Barnard, Special Correspondent |
Jean-Louis Cambon, a prominent campaigner for shippers and a constant scourge of liner conferences, has died after a long illness. He was 59.<br /> <br />
Forwarding
Profit Down 93 Percent for Malaysian Carrier
Mike King, Special Correspondent |
MISC Berhad saw revenues tumble in the first quarter following <a href="http://www.joc.com/container-lines/misc-withdraw-liner-shipping" target="_blank"><u>its decision to exit the container business<
Container lines
Forwarding
Maersk Line Posts $599 Million First Quarter Loss
Bruce Barnard, Special Correspondent |
Maersk Line slumped to a $599 million operating loss in the first quarter from a $424 million profit a year earlier as collapsing freight rates on the key Asia-Europe route outweighed double-digit gro
Container lines
Forwarding
Hapag-Lloyd Hikes Rates on East Asia Services
JOC Staff |
Hapag-Lloyd will impose a new round of general rate increases on its East Asia services, which will take effect in June.<br /> <br />
Forwarding
Maritime
Container lines
NYK Ends Free Chassis in Pacific Northwest
Joseph Bonney, Senior Editor |
NYK Line (North America) said it would quit providing chassis to customers in the Tacoma-Seattle-Portland market, effective July 1.<br /> <br />
Container lines
Forwarding
Marine terminals
Long Beach Begins Construction of Middle Harbor Project
Bill Mongelluzzo, Associate Editor |
The Port of Long Beach launched construction of its $1.2 billion Middle Harbor project, which the port and Orient Overseas Container Line say will be the most automated container terminal in North Ame
Port News
Forwarding
Dockwise Makes Mandatory Offer for Rival Fairstar
Bruce Barnard, Special Correspondent |
Dockwise, the Dutch heavy-lift operator, made an unconditional mandatory takeover offer for its Norwegian rival Fairstar.<br /> <br />
Forwarding
Alphaliner: Asia-Europe Peak-Season Surcharges in Danger
Bruce Barnard, Special Correspondent |
Ocean carriers’ bid to levy peak-season surcharges in Asia-Europe trades in June risk unraveling amid increasing signs of rate cutting, Alphaliner says.<br /> <br />
Container lines
Forwarding
Hanjin Plans Asia-Europe Peak-Season Surcharge
Mike King, Special Correspondent |
Hanjin Shipping has joined its liner competitors in announcing a peak-season surcharge on westbound Asia-Europe shipments starting June 1.<br /> <br />
Container lines
Forwarding
India Container Volume Down 2.4 Percent
JOC Staff |
Container traffic through India’s major ports fell 2.4 percent year-over-year in April, the first month of fiscal 2012-13, according to latest traffic figures released by the Indian Ports Associ
Forwarding
MSC Vessel Under Repair After Onboard Explosion
Mark Szakonyi, Associate Editor |
A Mediterranean Shipping Co. vessel appears to be undergoing repairs after an onboard explosion rocked the 900-foot container ship roughly 70 miles north of San Juan, Puerto Rico. <br /> <br />
Container lines
Forwarding
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