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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Hapag-Lloyd Sets New Rate Increases
JOC Staff |
Hapag-Lloyd will increase its freight rates on major trade lanes as part of a new rate restoration program.<br /> <br />
Container lines
Forwarding
CSAV Creates Planning Unit to Implement Restructuring
Peter T. Leach, Senior Editor |
CSAV is creating a new management function, called strategic development and planning, to oversee the struggling Chilean carrier’s restructuring, strengthen its management team and make it more
Container lines
Forwarding
Antwerp Container Traffic Rises 0.7 Percent to First Quarter Record
Bruce Barnard, Special Correspondent |
The port of Antwerp’s container traffic grew a modest, but significant, 0.7 percent in the first three months of 2012, reaching a record high for the first quarter in sharp contrast to <a href="
International ports
Forwarding
N.Y.-N.J. Port Authority Posts New Activity Index
Peter T. Leach, Senior Editor |
The Port Authority of New York and New Jersey has begun posting <a href="http://www.panynj.gov/about/pa-pulse.html" target="_blank"><u>an index of monthly freight and passenger activity levels</u></a>
Port News
Forwarding
March Steel Imports Increased 6.5 Percent
Peter T. Leach, Senior Editor |
Steel imports increased 6.5 percent in March over <a href="http://www.joc.com/importexport/us-steel-imports-declined-february" target="_blank"><u>February</u></a> based on preliminary U.S.
Forwarding
Maersk to Raise Asia-Latin America Rates
JOC Staff |
Maersk Line will impose a peak-season surcharge on trades from Far East Asia to Latin America, starting May 20.<br /> <br /> The planned surcharge will be $300 per 20-foot equivalent unit.<br />
Container lines
Forwarding
Trans-Pacific Spot Rates Hold Most Gains
Peter T. Leach, Senior Editor |
Trans-Pacific spot rates eased slightly this week after <a href="http://www.joc.com/container-shipping/trans-pacific-spot-rates-jump-20-percent" target="_blank"><u>their 19.9 percent spike</u></a> las
Forwarding
Port of LA to Invest Billions in Infrastructure
Bill Mongelluzzo, Associate Editor |
The Port of Los Angeles will invest billions of dollars in transportation infrastructure to maintain its ranking as the largest U.S.
Port News
Maritime
Forwarding
Fairstar Heavy Transport Spurns Dockwise Bid
Bruce Barnard, Special Correspondent |
Norway’s Fairstar Heavy Transport spurned an unsolicited takeover offer from Dutch heavy-lift shipping rival Dockwise.<br /> <br />
Forwarding
Indonesia Container Terminal Project Gets Green Light
Mike King, Special Correspondent |
A presidential decree has cleared the way for the construction of new container terminals at the Port of Tanjung Priok, Indonesia.<br /> <br />
Port News
Forwarding
French Fund Expected to Invest $195 Million in CMA CGM
Bruce Barnard, Special Correspondent |
France’s sovereign investment fund is weighing a $195 million stake in CMA CGM, the country’s largest ocean container carrier, according to a French national report. <br /> <br />
Forwarding
Container lines
Maritime
CMA CGM, Emirates Shipping Line Enter VSA
JOC Staff |
CMA CGM and Emirates Shipping Line entered a vessel sharing agreement to jointly operate two container services connecting the Middle East and East Africa, starting in early May.<br /> <br />
Forwarding
Container lines
West Africa Seen Growing Piracy Hot Spot
Peter T. Leach, Senior Editor |
Pirates are increasing their attacks on the maritime trades off West Africa, according to the latest global piracy report released Monday by International Maritime Bureau of the International Chamber
Container lines
Forwarding
Japanese Ship Orders Rise 8.6 Percent
Hisane Masaki, Special Correspondent |
Orders at Japanese shipyards rose for the first time in four months in March on a year-on-year basis, increasing 8.6 percent to 1.1 million gross tons, according to the Japan Ship Exporters’ Ass
Container lines
Forwarding
Fixing Broken Chassis System Proves Elusive
Joseph Bonney, Senior Editor |
<img src="/sites/default/files/images/Chassis_run.jpg" width="466" height="295" alt="" /><br /> <br />
Forwarding
Maritime
West Coast's Share of US Container Trade Dips
Marsha Salisbury, Research Editor |
The West Coast came in last among the three coasts in year-over-year percentage growth in the U.S. 2011 container trade, and lost market share. <br /> <br />
Port News
Maritime
Forwarding
FMC Considers Container Rate Index for Exports
Bill Mongelluzzo, Associate Editor |
U.S. exporters searching for clarity and transparency in helping to form shipping decisions soon may have a new research tool, if Federal Maritime Commissioner Richard Lidinsky has his way.<br />
Forwarding
Maritime
Evergreen Joins Mega-Ship League
Joseph Bonney, Senior Editor |
For five years, Evergreen Line stayed on the sidelines as its rivals among the top 20 global ocean carriers swept up 10,000-TEU-plus vessels in a ship-ordering frenzy, racking up hundreds of millions
Container lines
Forwarding
Rail Projects Engineering Growth on West Coast
Bill Mongelluzzo, Associate Editor |
Intermodal rail service from West Coast ports involves much more than placing a marine container on a train in Los Angeles or Seattle and lifting it off at an inland rail ramp.
Rail News
Maritime
Forwarding
Economic Indicators Show Growth in Freight
Joseph Bonney, Senior Editor |
Spring arrived early, in more ways than one, for shippers, carriers and transportation intermediaries serving the U.S. market.
Forwarding
Maritime
Fraser Puts Horizon on Calmer Financial Seas
Joseph Bonney, Senior Editor |
It’s been a wild year for Horizon Lines and Stephen H. Fraser, the executive who has led the largest Jones Act container line from the brink of bankruptcy to relative stability.<br /> <br />
Container lines
Maritime
Forwarding
Containerized Exports Gain Steam
Joseph Bonney, Senior Editor |
Wastepaper exports to China often are a leading indicator of import container volume. A large portion of scrap paper shipments are recycled into packing material for consumer goods for U.S.
Forwarding
Maritime
Panama Canal Proposes July Toll Hikes
Peter T. Leach, Senior Editor |
The Panama Canal Authority board of directors late Friday approved a proposal to raise tolls on multiple vessel types in stages over the next two summers. <br /> <br />
Forwarding
CKYH Alliance Making Virginia Last Port Call
Peter T. Leach, Senior Editor |
The Port of Virginia is gaining a last-out port call as a result of the decision by the CKYH alliance to upgrade its all-water services that between Asia and the U.S. East Coast. <br /> <br />
Forwarding
Charleston Container Volume Jumps in March
Peter T. Leach, Senior Editor |
Container volume in the Port of Charleston rose 12 percent in year-over-year in March, the strongest month for containerized traffic at the port since <a href="http://www.port-of-charleston.com/about/
Port News
Forwarding
Kraft, Kellogg Sue Sea Star, Crowley
Joseph Bonney, Senior Editor |
Sea Star Line, Crowley Liner Services and their parent companies have been hit with a second civil antitrust lawsuit by shippers that opted out of a class action settlement for carrier price-fixing in
Container lines
Forwarding
Big Ships to Foster Change at West Coast Ports
Bill Mongelluzzo, Associate Editor |
The March 16 arrival of the massive ship Fabiola at the Port of Long Beach serves as a wake-up call to West Coast ports: The old ways of handling container ships are over.<br /> <br />
Forwarding
Maritime
Container lines
On East Coast Ports: Big Apple Bites Back
Peter Tirschwell, Senior Vice President of Strategy |
Last week I was asked to offer a competitive assessment of the Port of New York and New Jersey for a New Jersey transportation planners’ conference.
Maritime
Forwarding
India's Trade Deficit Hits Record $185 Billion
JOC Staff |
India’s trade deficit soared to $185 billion in fiscal 2011-12 as a 32.1 percent jump in imports outpaced a 21 percent growth in exports.<br /> <br />
Transport, Trade, and Regulation News
Forwarding
Georgia Ports Have Record Month for Tonnage
Joseph Bonney, Senior Editor |
The Georgia Ports Authority handled a record 2.37 million tons of cargo in March, including 2.03 million tons of containerized cargo.<br /> <br />
Port News
Forwarding
North American ports
OOCL Volume Up, Revenue Down in First Quarter
Joseph Bonney, Senior Editor |
Orient Overseas Container Line’s first quarter volume revenue slipped 0.9 percent to $1.3 billion despite a 5.4 percent rise in volume from a year earlier. <br /> <br />
Container lines
Maritime
Forwarding
Hanjin Joins VSAs to Med, Turkey
Mike King, Special Correspondent |
Hanjin Shipping in May will join other Asia-based carriers to expand its presence in the East Mediterranean. <br /> <br />
Forwarding
Container lines
Logistics Group Dachser Revenue up 13 Percent
Bruce Barnard, Special Correspondent |
Dachser’s 2011 revenue jumped by 13 percent from a year ago to more than $5.6 billion as the German logistics group handled record volumes of air and ocean freight.<br /> <br />
Transport, Trade, and Regulation News
Forwarding
Seaspan Takes Delivery of 13,100-TEU Ship
Joseph Bonney, Senior Editor |
Container ship owner-charterer Seaspan has taken delivery of the seventh in a series of eight ships with capacities of 13,100 20-foot-equivalent units for charter to Cosco Container Lines. <br />
Forwarding
Major Ocean Carriers Set India Freight Rate Increases
JOC Staff |
Several major container carriers plan to implement general rate increases on trades to and from the Indian Subcontinent that are slated to take effect in May.<br /> <br />
Forwarding
Maersk Resumes Europe-Asia Bookings
Bruce Barnard, Special Correspondent |
Maersk Line has started taking bookings again for cargo from North Europe to Asia following a near <u><a href="http://www.joc.com/container-lines/maersk-suspends-all-north-europe-asia-bookings">month-
Container lines
Forwarding
Maersk Plans Other Daily Maersk Services
Peter T. Leach, Senior Editor |
Maersk Line plans to duplicate <a target="_blank" href="http://www.joc.com/maritime/maersk-goes-daily"><u>its Asia-Europe Daily Maersk service</u></a> on other global trade lanes in future, but it is
Container lines
Forwarding
Analysts: Rates Will Fall Unless New Capacity Is Absorbed
Peter T. Leach, Senior Editor |
Although the general rate increases of the last two months in the Asia-Europe and trans-Pacific trade lanes are being accepted by shippers, so much additional capacity is due for delivery this year th
Forwarding
Container lines
Seattle Container Traffic Rebounds
Bill Mongelluzzo, Associate Editor |
Containerized imports at the Port of Seattle <a href="http://www.portseattle.org/About/Publications/Statistics/Seaport/Documents/mcps.pdf" target="_blank"><u>increased 5 percent in March over the same
Port News
Forwarding
Mexico-US Poultry Talks Collapse
Stephanie Nall, Cool Cargoes Editor |
Behind the scenes negotiations to settle a poultry anti-dumping case filed by Mexican producers against their U.S.
Forwarding
Transport, Trade, and Regulation News
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