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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
CTS Reports Growth in February Container Trade
Mike King, Special Correspondent |
Container imports to Europe increased 4 percent in February, while exports grew 8.89 percent, according to the latest analysis from Container Trade Statistics. <br /> <br />
Forwarding
Vietnamese Container Ship Sinks After Collision
Mark Szakonyi, Associate Editor |
A Vietnamese vessel carrying 60 containers sank off the shore of southern Vietnam after it collided with a Thai ship Tuesday morning, according to reports.<br /> <br />
Forwarding
FMC Considers Container Rate Index for Exports
Bill Mongelluzzo, Associate Editor |
The Federal Maritime Commission is interested in exploring a suggestion by agricultural shippers that establishing a container rate index for exports could be beneficial for U.S. shippers.<br />
Forwarding
Maersk to Raise Cargo Rates Again
JOC Staff |
Maersk Line is implementing a new round of general rate increases on various trade lanes that will take effect in May.<br /> <br />
Forwarding
Trans-Pacific Spot Rates Hold Up
Peter T. Leach, Senior Editor |
The general rate increase <a href="http://www.joc.com/container-shipping/transpacific-stabilization-agreement-boosts-rates" target="_blank"><u>implemented on March 15</u></a> by carriers on the eastbo
Container lines
Forwarding
Horizon Cuts Debt, Eliminates Charter Obligation
Joseph Bonney, Senior Editor |
Horizon Lines has completed transactions that <u><em><a href="http://ir.horizonlines.com/phoenix.zhtml?c=188937&p=irol-newsArticle&ID=1681391&highlight=">reduce the company’s net deb
Container lines
Forwarding
3.2 Percent Rise Forecast in April Retail Container Traffic
JOC Staff |
Import cargo volume at the nation’s major container ports is expected to increase 3.2 percent in April compared to the same month last year, and year-over-year gains should continue through the
Forwarding
Trans-Pacific Carriers Plan Another Round of Westbound Rate Hikes
Mike King, Special Correspondent |
Container shipping lines in the Westbound Transpacific Stabilization Agreement <a target="_blank" href="http://www.wtsacarriers.org/pr_040912.html"><u>have announced further rate hikes</u></a> for dry
Forwarding
Container lines
US Auto Imports Wane While Exports Increase
Peter T. Leach, Senior Editor |
The U.S. auto trade is undergoing a sea change as the import share of the domestic market is set to level off in the next few years and exports of U.S.-made cars rise.<br /> <br />
Forwarding
Busan Container Traffic Up 13.7 Percent in February
Mike King, Special Correspondent |
The Korean hub of Busan saw total container traffic expand 13.7 percent in February compared to a year earlier.<br /> <br />
International ports
Forwarding
CMA CGM to Hike Rates on India-Europe Service
JOC Staff |
CMA CGM will raise its rates on westbound cargo moving on its Epic service from India to North Europe and the Mediterranean, starting May 1.<br /> <br />
Container lines
Forwarding
Osaka Box Trade Hit Record High in 2011
Hisane Masaki, Special Correspondent |
The number of foreign trade containers handled by the Port of Osaka in western Japan rose 9.8 percent in 2011 from the previous year to a record high of about 2.17 million twenty-foot equivalent units
Port News
Forwarding
Analyst Sees Carrier Actions as Biggest Threat to Rates
Mike King, Special Correspondent |
The reintroduction of <a href="http://www.joc.com/container-shipping/maersk-ceo-ocean-carriers-have-idled-5-percent-fleet" target="_blank"><u>idled container ships</u></a> is the biggest threat to a l
Container lines
Forwarding
India Container Traffic Up 3 Percent
JOC Staff |
Container throughput at India's major ports grew 3 percent year-over-year in fiscal 2011-12, which ended March 31, the slowest growth rate in three years.
Forwarding
Freight Rate, Surcharge Update for Week of April 2-6
JOC Staff |
<img width="10" height="10" src="/sites/default/files/images/JOCbullet(2).jpg" alt="" /> Mediterranean Shipping Company will seek a general rate increase on westbound trade from India to North Europe
Container lines
Forwarding
Customs to Keep Inspection Station in Brooklyn
Joseph Bonney, Senior Editor |
U.S.
Transport, Trade, and Regulation News
Forwarding
Hapag-Lloyd Sets Peak-Season Surcharge to India
JOC Staff |
Hapag-Lloyd will impose a peak-season surcharge on eastbound trades from North Europe and the Mediterranean to the Indian subcontinent.<br /> <br />
Forwarding
Container lines
Asia-Europe Freight Rates Jump 28 Percent
Peter T. Leach, Senior Editor |
Spot freight rates in the Asia-Europe trade jumped 28 percent this week as the general rate increases imposed by carriers on April 1 took hold, only <u><em><a href="http://www.joc.com/trade-lanes/asia
Forwarding
Container lines
New Panama Locks Opening Faces Three-Month Delay
Peter T. Leach, Senior Editor |
The Panama Canal’s new locks will probably not be ready for their scheduled opening in October 2014, but will be ready for a trial run by a vessel in December, said Jorge Quijano, the engineer i
Transport, Trade, and Regulation News
Forwarding
APL Pledges to Slash Emissions 30 Percent by 2015
Mike King, Special Correspondent |
More modern vessels and slow-steaming will help Singapore container line APL cut carbon exhaust emission by 30 percent by 2015, the carrier says.<br /> <br />
Container lines
Forwarding
Israel Corp. OKs $50 Million for Zim
Joseph bonney, Senior Editor |
Israel Corp.
Container lines
Forwarding
Port Nehru Container Volume Hits All Time High
JOC Staff |
The volume of containers through <a href="http://www.joc.com/portsterminals/protests-indias-port-nehru-end" target="_blank"><u>India’s Port of Jawaharlal Nehru</u></a> (Nhava Sheva) hit an &ldqu
Port News
Forwarding
Tokyo Container Trade Hit Record High in 2011
Hisane Masaki, Special Correspondent |
The number of foreign trade containers handled by the Port of Tokyo rose 8.6 percent in 2011 from the previous year to a record high of about 4.144 million 20-foot equivalent units.<br /> <br />
Port News
Forwarding
Italy Fines 15 Shipping Agents for Price Fixing
Bruce Barnard, Special Correspondent |
Italy’s antitrust authority fined 15 liner shipping agents and two trade associations a total of more than $5.3 million for fixing prices in the Port of Genoa.<br /> <br />
Forwarding
OOCL, Long Beach Sign 40-Year Lease
Bill Mongelluzzo, Associate Editor |
Representatives of Orient Overseas Container Line and the Port of Long Beach signed a 40-year lease for a 305-acre container terminal at the Southern California port.<br /> <br />
Port News
Container lines
Forwarding
Panama Canal Locks Lag Schedule, But Project Date Will Be Met
Peter T. Leach, Senior Editor |
The construction of the new third set of locks at the Panama Canal is behind schedule by seven months, but the other seven major components of the canal expansion are ahead of schedule, so the overall
Transport, Trade, and Regulation News
Container lines
Forwarding
Trailer Bridge Emerges From Bankruptcy
Joseph Bonney, Senior Editor |
Trailer Bridge has emerged from Chapter 11 bankruptcy reorganization Monday following a court’s approval last month.<br /> <br />
Container lines
Forwarding
Rate Hikes Stick, But Carrier Profits Shaky, Drewry Says
Peter T. Leach, Senior Editor |
Ocean carriers succeeded in raising freight rates on the headhaul legs of the Asia-Europe and trans-Pacific trades in the last month, but their results are likely to be weak in the first quarter befor
Container lines
Forwarding
OOCL Seeks Second Rate Hike on Asia-Europe Services
JOC Staff |
OOCL is joining other major container ship operators in seeking a second general rate increase this year on Asia-Europe services.<br /> <br />
Container lines
Forwarding
Freight Growth Sluggish, OECD Says
Joseph Bonney, Senior Editor |
Global freight volume remains below pre-recession levels in the U.S.
Forwarding
ICTSI to Buy Stake in Karachi Terminal
Peter T. Leach, Senior Editor |
Philippine terminal operator International Container Terminal Services is buying a minority stake in a terminal in Pakistan’s largest port, Karachi.<br /> <br />
Port News
Forwarding
West Coast Container Volume Drops 4 Percent
Bill Mongelluzzo, Associate Editor |
Container volumes at West Coast ports declined 4 percent in February compared to the same month last year, due to an 11 percent drop in imports. <br /> <br />
Forwarding
Evergreen Swings to 2011 Loss
Joseph Bonney, Senior Editor |
Evergreen Marine swung to a $105 million net loss last year as weak rates plunged the company into red ink during the fourth quarter.<br /> <br />
Container lines
Forwarding
Maersk to Boost Rates From Asia to US
Mike King, Special Correspondent |
Maersk has continued its global round of freight rate hikes by boosting levies on its services into the U.S.<br /> <br />
Container lines
Forwarding
MOL Faces Unprecedented Challenges, Company President Says
Mike King, Special Correspondent |
Japanese shipping giant MOL believes the current cross-sector shipping recession is without historical precedent.<br /> <br />
Container lines
Forwarding
Honda to Export US-Made SUVs Through Jacksonville
Peter T. Leach, Senior Editor |
The Port of Jacksonville will handle exports of the new 2012 Honda CR-V that is being manufactured at the Honda plant in East Liberty, Ohio.<br /> <br />
Port News
Forwarding
February Container Imports Down 5.8 Percent
Joseph Bonney, Senior Editor |
U.S. containerized imports declined 5.8 percent in February, the first year-over-year drop in four months, <a href="http://www.piers.com/" target="_blank"><u>PIERS</u></a> data show.<br /> <br />
Forwarding
Hamburg Lawmakers Approve Increased Hapag-Lloyd Stake
Bruce Barnard, Special Correspondent |
Hamburg lawmakers approved a $562 million investment in Hapag-Lloyd that makes the city state the biggest shareholder in the German ocean container carrier.<br /> <br />
Container lines
Forwarding
Hamburg’s HHLA Eyes 5 Percent Box Growth in 2012
Bruce Barnard, Special Correspondent |
HHLA, Hamburg’s biggest stevedore, said it expects to boost its container traffic by 5 percent in 2012 and take market share from its slower growing North European rivals for a second straight y
Port News
Forwarding
ILWU to ILA: 'We have your back'
Bill Mongelluzzo, Associate Editor |
When the president of the West Coast dockworkers’ union pledged full support to the International Longshoremen’s Association in this year’s contract negotiations, many shippers and c
Longshore labor
Maritime
Forwarding
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