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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
Logistics Challenges Force Shippers to Think Outside the Box
Peter T. Leach, Senior Editor |
Shippers normally opt for the expense of air service only when they need to expedite high-value cargo such as computer chips and diamonds.
Port News
Maritime
Trucking News
Rail News
Forwarding
FMC Revisits Rules Governing NVOs
Joseph Bonney, Senior Editor |
Federal Maritime Commission Chairman Richard Lidinsky Jr.
Transport, Trade, and Regulation News
Maritime
Container lines
Forwarding
Oman Awards Contract to Double Salalah Capacity
Peter T. Leach, Senior Editor |
The Omani Ministry of Transport and Communications has awarded a $143 million contract for the construction of a new general cargo and liquid bulk terminal that will double the general-cargo handling
Port News
Forwarding
Antitrust Fines Push Panalpina to Loss for Quarter
Peter T. Leach, Senior Editor |
Panalpina swung to a loss of $64.5 million in the first quarter ended March 30 from a profit of $38.2 million in the same quarter last year.<br /> <br />
International ports
Forwarding
Macquarie Forecasts Upturn in China’s Exports
Mike King, Special Correspondent |
After a slack start to the year, China’s containerized exports will begin to pick up this quarter, helping lift average throughput growth at the nation’s ports to 9 percent in 2012, Macqua
Forwarding
Hapag-Lloyd Plans New India Rate Increases
JOC Staff |
Hapag-Lloyd will impose a general rate increase on all cargo from the Indian subcontinent to Southeast and Northeast Asia.<br /> <br />
Container lines
Forwarding
Asia-Europe Spot Container Rates Jump
Peter T. Leach, Senior Editor |
Average spot rates on the westbound Asia-Europe trade spiked 19 percent on May 3, an increase of $629 per 40-foot container, which means that carriers got most of the general rate increases they imple
Forwarding
Container lines
APL Sets Congestion Fee at Aden Port
JOC Staff |
Singapore-based container carrier APL imposed a port congestion surcharge on all shipments from Asia and the Middle East to Aden, Yemen.<br /> <br />
Port News
Maritime
Container lines
Forwarding
Kuehne + Nagel Opens LCL Hub in Shanghai
Mike King, Special Correspondent |
Kuehne + Nagel has opened a new less-than-containerload gateway in Shanghai.<br /> <br />
International ports
Forwarding
Investors Positive on G6 Decision Not to Add Loop
Peter T. Leach, Senior Editor |
Asian investors reacted positively Thursday to the news that the G6 Alliance <a href="http://www.joc.com/container-lines/g6-alliance-gives-plans-seventh-europe-service" target="_blank"><u>will not rei
Container lines
Forwarding
West Coast Container Trade on the Rise
Bill Mongelluzzo, Associate Editor |
West Coast ports handled 7 percent more loaded containers in March compared to the same month last year, according to numbers published on the Web site of the Pacific Maritime Association.<br />
Port News
Forwarding
Bigger Fleet Boosts Diana Containerships Profit
Joseph Bonney, Senior Editor |
Owner-charterer Diana Containerships said its first quarter net profit <a target="_blank" href="http://www.marketwatch.com/story/diana-containerships-inc-reports-financial-results-for-the-first-quarte
Forwarding
Jaxport Gets New Calls by China Shipping, UASC
Peter T. Leach, Senior Editor |
The Port of Jacksonville will get new calls this month by China Shipping and United Arab Shipping, which participate in a vessel-sharing agreement with CMA CGM in its PEX 3 service.<br /> <br />
Container lines
Forwarding
G6 Alliance Gives Up Plans for Seventh Europe Service
Peter T. Leach, Senior Editor |
The members of G6 Alliance said Wednesday they would not reinstate Loop 2 of the seven Asia-Europe services that the six carriers had planned to launch in April.<br /> <br />
Container lines
Forwarding
Port Productivity a ‘Game-Changer’
Joseph Bonney, Senior Editor |
Container terminals must improve productivity at the same rate as growth in ship sizes or “preferably much more,” an APM Terminal official said at a Stockholm port conference.<br />
Port News
Forwarding
Maersk Hikes India-South America Rates
JOC Staff |
Maersk Line will impose a general rate increase on cargo from India to the east coast of South America, starting June 1.<br /> <br />
Container lines
Forwarding
Fitch Affirms VPA’s 'A' Rating
Peter T. Leach, Senior Editor |
Fitch Ratings affirmed its long-term "A" rating of the Virginia Port Authority’s outstanding port facilities revenue and refunding bonds.
Port News
Forwarding
Evergreen, Crowley Enter Slot-Charter Accord
Joseph Bonney, Senior Editor |
Evergreen Line and Crowley Latin America Services have filed a slot-charter agreement that will allow Evergreen to provide weekly northbound and southbound service between Florida, Panama and Puerto L
Container lines
Forwarding
Idle Container Ship Capacity Falls by a Third
Peter T. Leach, Senior Editor |
Container lines <a target="_blank" href="http://www.joc.com/container-shipping/rebound-earnings-prompts-reactivation-idle-tonnage"><u>have started reactivating their idle container fleets</u></a> for
Forwarding
Charter Rates Climb as Ships Return to Service
Mike King, Special Correspondent |
The rebound in earnings on container trades has prompted operators to start reactivating larger tonnage, according to the latest report from <a target="_blank" href="http://www.platou.com/dnn_site/Def
Forwarding
NYK Won’t Provide Chassis in Denver, Salt Lake
Peter T. Leach, Senior Editor |
NYK Line, which has been getting out of the business of providing chassis at ports and terminals in the U.S., said Monday it would extend the withdrawal to the Denver/Salt Lake City market on July 1.
Container lines
Forwarding
Rickmers-Linie Sees Bright Future in Myanmar
Mike King, Special Correspondent |
Rickmers-Linie expects a wave of new investments in Myanmar following the suspension of EU sanctions.<br /> <br />
Forwarding
Japan’s NYK Line Reports $903 Million FY Loss
Joseph Bonney, Senior Editor |
NYK Line said declining revenue and rising costs produced a net loss of 72.8 billion yen ($903 million) for its 2011 fiscal year ended March 31, but the Japanese carrier forecasts a profit for FY2012.
Container lines
Forwarding
Evergreen Loss Narrowed in First Quarter
Joseph Bonney, Senior Editor |
Evergreen Marine said its first quarter operating loss narrowed to 164.3 million New Taiwan dollars ($5.6 million) from $9.6 million a year earlier despite a 5.8 percent increase in revenue to $1.3 bi
Container lines
Forwarding
ING Will Keep Lending to Shipowners
Peter T. Leach, Senior Editor |
ING Group is continuing to finance ship orders in a market that is being vacated by many banks whose loans to shipowners have been hit by defaults caused by the downturn in the shipping sector.
Forwarding
Seaspan Takes Delivery of Final 13,100-TEU Container Ship
Peter T. Leach, Senior Editor |
Seaspan accepted delivery of a new container ship with a capacity of 13,100 20-foot equivalent units, the <a href="http://www.jocsailings.com/VesselDirectory/VesselDetail.aspx?VID=22159" target="_blan
Forwarding
Yusen Logistics Net Profit Drops 30.2 Percent
Hisane Masaki, Special Correspondent |
Major Japanese international freight forwarder Yusen Logistics Co., Ltd.
International ports
Forwarding
CMA CGM, Maersk to Hike India-West Africa Rates
JOC Staff |
Freight rates on containerized shipments from India to ports in West Africa will go up in May following general rate increase announcements by two major ocean carriers.<br /> <br />
Container lines
Forwarding
Southern California’s Middle Harbor: Port of the Future
Bill Mongelluzzo |
When Long Beach Container Terminal President Anthony Otto and his planning team set out to design what, in less than 10 years, will be the most automated and efficient container terminal in the U.S.,
Port News
Maritime
Forwarding
Reliability in the Crosshairs as Shippers Demand Good Service
Peter T. Leach, Senior Editor |
In theory, the more cargo a shipper has, the better the service it can command from an ocean carrier.
Forwarding
Maritime
Container lines
Maersk Line Striving to Get ‘Back to Black’
Joseph Bonney, Senior Editor |
Last year was a financial bust for container ship lines, which lost more than $6 billion amid a frenzy of rate-cutting.
Container lines
Maritime
Forwarding
US Poultry Exporters Cry Foul on Mexico
Stephanie Nall |
U.S. poultry companies will be looking beyond their largest export market for growth opportunities after breaking off talks with Mexico in what might be called an elaborate game of chicken.<br />
Forwarding
Transport, Trade, and Regulation News
“K” Line Posts $503 Million Loss for Fiscal 2011
Peter T. Leach, Editor-at-Large |
“K” Line swung to a loss of $503 million for the fiscal year ended March 31, a big drop from its profit of $380 million a year earlier, as it posted a heavy loss in its container business.
Container lines
Forwarding
Losses Surge at China Shipping and Cosco
Mike King, Special Correspondent |
China Cosco Holdings, owner of Asia's largest container shipping company by capacity, and China Shipping Container Lines each saw first quarter losses mount as box container rates remained below the p
Container lines
Forwarding
Costamare Buys Two, Scraps Two Box Ships
Bruce Barnard, Special Correspondent |
Containership owner Costamare has bought two containerships and sold two older vessels for scrap as it continues <a href="http://www.joc.com/container-lines/costamare-sell-75-million-shares-purchase-s
Container lines
Forwarding
New Container Port in Germany to Open in August
Bill Mongelluzzo, Associate Editor |
Europe’s newest container port facility is scheduled to open in August in Wilhelmshaven, Germany, and unlike its neighbors Hamburg and Bremerhaven, the new port will be capable of handling the w
Port News
Container lines
Forwarding
American Feeder Lines Going Out of Business
Peter T. Leach, Senior Editor |
<a target="_blank" href="http://www.joc.com/short-seabarge/american-feeder-lines-suspends-service"><u>American Feeder Lines</u></a>, which suspended its 9-month-old feeder service from Halifax to Port
Container lines
Forwarding
US Containerized Imports Rose 7.3 Percent in March
Peter T. Leach, Senior Editor |
U.S. imports rebounded sharply in March after falling in February on tough year-over-year comparisons because of the early closing of factories in China. Overall U.S.
Forwarding
CSAV Volume Drops 53 Percent in March
Peter T. Leach, Senior Editor |
The volume of containers transported by CSAV in March of this year fell by more than half year-over-year as the Chilean carrier cut its vessel capacity by 50 percent from levels in the first few month
Container lines
Forwarding
Active Box Ship Fleet Hits Record 15 Million TEUs
Bruce Barnard, Special Correspondent |
The active container ship fleet has soared to a record 15 million 20-foot equivalent units, driven by deliveries of new vessels and a sharp reduction in the number of laid-up ships, according to Alpha
Forwarding
Container lines
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