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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Boskalis Profit Declines Despite Record Revenue
Bruce Barnard, Special Correspondent |
Boskalis reported net profit plunged 18.3 percent to $330 million in a “turbulent” 2011, compared with a profit of $404 million in 2010, as the Dutch dredging and marine services group saw
Forwarding
Hapag-Lloyd to Raise Rates from East Asia
JOC Staff |
Hapag-Lloyd will raise its rates on East Asia services as part of its new <a href="http://www.joc.com/container-shipping/hapag-lloyd-hikes-east-asia-rate" target="_blank"><u>rate restoration program</
Container lines
Forwarding
Study: Waterways Transport Is Most Fuel-Efficient
R.G. Edmonson, Associate Editor |
Water transportation remains the most fuel-efficient way to transport goods, according to a new report from the Texas Transportation Institute. <br /> <br />
Maritime
Forwarding
US-South Korea Trade Pact Takes Effect
R.G. Edmonson |
The U.S.-Korea Free Trade Agreement took effect Thursday, giving American exporters greater access to the South Korean market. <br /> <br />
Forwarding
Irish Stout Shipments to US Soar
William B. Cassidy, Senior Editor |
Irish brewer Guinness is tapping a deep thirst in America, with U.S.
Transport, Trade, and Regulation News
Forwarding
ICTSI to Operate New Terminal in Nigeria
Mike King, Special Correspondent |
Global port operator International Container Terminal Services Inc. has been selected to operate a new container terminal near Lagos, Nigeria.<br /> <br />
Port News
Forwarding
Maersk CEO: Ocean Carriers Have Idled 5 Percent of Fleet
Peter T. Leach, Senior Editor |
Container shipping lines have idled about 5 percent of global fleet capacity, or 800,000 20-foot equivalent units, as demand for container shipping space slows, Maersk Line CEO Soren Skou said Thursda
Forwarding
Container lines
Expansion in the Works at Indonesia’s Tanjung Priok
Mike King, Special Correspondent |
The controversial state-owned winner of a contract to expand facilities at Indonesia’s Tanjung Priok says container handling capacity will double by 2017.<br /> <br />
Port News
Forwarding
Long Beach Container Volume Declines
Bill Mongelluzzo, Associate Editor |
Container volume in February at the Port of Long Beach declined 15.2 percent year-over-year.
Port News
Forwarding
Global Ship Lease Posts $10.9 Million Profit
Bruce Barnard, Special Correspondent |
Global Ship Lease boosted fourth quarter 2011 profit to $10.9 million from $1.2 million a year ago as the NYSE-listed container ship owner’s revenue shrunk by $300,000 to $39.7 million.<br />
Forwarding
Panama Canal Authority Names New Administrator
Peter T. Leach, Senior Editor |
The Panama Canal Authority’s Board of Directors appointed Jorge Luis Quijano, the engineer in charge of building the canal’s new set of locks, as the new Panama Canal Administrator.
Transport, Trade, and Regulation News
Forwarding
Imports Fall, Exports Rise at Port of Los Angeles
Bill Mongelluzzo, Associate Editor |
Containerized imports at the Port of Los Angeles in February declined 7.8 percent from February 2011 as the nation’s largest container port made it through what is expected to be <a href="http:/
Port News
Forwarding
Carriers to Raise Pacific Rates Again in April
Bill Mongelluzzo, Associate Editor |
Confident that a previously announced general rate increase of $300 per 40-foot container unit will take effect on Thursday as planned, shipping lines in the eastbound Pacific announced an additional
Container lines
Forwarding
European Imports Fell 5.2 Percent in January
Mark Szakonyi, Associate Editor |
European austerity measures in January pulled containerized imports down 5.2 percent year-over-year, the steepest decline since 2009, according to published reports.<br /> <br />
Forwarding
Panalpina, CEVA Begin LCL Services in Developing Markets
Bruce Barnard, Special Correspondent |
Panalpina and CEVA Logistics have launched new less-than-containerload services, tapping into strong customer demand in fast growing trade lanes in Latin America and the Asia-Pacific region.<br />
International ports
Forwarding
Eastbound Trans-Pacific Rates Jump 13.6 Percent
Peter T. Leach, Senior Editor |
Average trans-Pacific spot rates jumped this week as the 15 carrier members of the Transpacific Stabilization Agreement <u><em><a href="http://www.joc.com/trade-lanes/eastbound-trans-pacific-carriers-
Forwarding
Container lines
CSAV Lost $1.24 Billion in 2011
Joseph Bonney, Senior Editor |
Chilean carrier CSAV lost $1.24 billion last year, including $959 million on continuing operations, but said its deficit narrowed during the fourth quarter and that a restructuring is starting to yiel
Container lines
Forwarding
OOCL to Raise Rates From Asia to Australia
Mike King, Special Correspondent |
OOCL has extended its round of global freight rate increases to include southbound services on the North and East Asia to Australia trade.<br /> <br />
Container lines
Forwarding
Zim to Hike Rates on India-Europe Trades
JOC Staff |
Zim Integrated Shipping Services will raise its rates on services between the Indian subcontinent and North Europe, starting April 1.<br /> <br />
Container lines
Forwarding
Hapag-Lloyd to Launch Middle East Express Service
JOC Staff |
Hapag-Lloyd will launch a container service connecting Far East Asia, the Indian subcontinent and the Middle East, starting in early May.<br /> <br />
Container lines
Forwarding
Steel Import Shipment a Record at Mobile
Mark Szakonyi, Associate Editor |
The Port of Mobile this week handled its largest import shipment of steel, as ThyssenKrupp’s four nearby mills drive cargo through the Alabama port and offset a coal traffic slump.<br />
Forwarding
Columbia Coastal Expands Container-Barge Service
Joseph Bonney, Senior Editor |
Columbia Coastal has added a weekly container-on-barge service linking Philadelphia with Norfolk and Baltimore and increased the frequency of its Norfolk-Baltimore barge service to twice a week.
Container lines
Forwarding
Rate Hikes Fail to Ease Pressure on Asia-Europe Carriers
Bruce Barnard, Special Correspondent |
Recent sharp increases in spot freight rates have done little to alleviate pressure on ocean carrier margins in the Asia-Europe trade, according to container shipping analyst Alphaliner. <br />
Forwarding
Container lines
Rickmers Trust Charters Ship to MSC
Peter T. Leach, Senior Editor |
Rickmers Trust said Tuesday it chartered the Kaethe C. Rickmers to Mediterranean Shipping Co. for an initial period of 12 months starting March 25.<br /> <br />
Container lines
Maritime
Forwarding
Myanmar Draws Twice-Weekly MOL Service
Mike King, Special Correspondent |
MOL will offer a twice-weekly container service with RCL between the Port of Yangon (formerly Rangoon) and Singapore using three vessels, starting March 17.<br /> <br />
Container lines
Forwarding
India's Exports Grew 4.3 Percent in February
JOC Staff |
India’s exports in February grew 4.3 percent to $24.6 billion year-over-year, the lowest growth rate in three months.<br /> <br />
Forwarding
US Imports to Climb in March, Port Tracker Projects
Bill Mongelluzzo, Associate Editor |
Retailers are “carefully stocking up,” which indicates that containerized imports should continue to increase into mid-year, according to the monthly Global Port Tracker report released on
Forwarding
Furniture, Car Parts Drive Import Growth
Joseph Bonney, Senior Editor |
U.S. containerized imports rose 4.1 percent in January year-over-year, to 1,475,608 million 20-foot equivalent units, driven by growth in furniture and auto parts shipments.
Forwarding
Steel Exports Strengthen in January
Joseph Bonney, Senior Editor |
U.S. steel exports rose 19.1 percent year-over-year to 1.262 million tons in January, as shipments to Canada and Mexico offset declines to other regions.<br /> <br />
Transport, Trade, and Regulation News
Forwarding
U.K. Court Extends Judgment for Star Reefers
Joseph Bonney, Senior Editor |
A U.K.
Forwarding
Two New OOCL Services to Set Sail
Peter T. Leach, Senior Editor |
OOCL will launch two new services from Asia to the U.S. West Coast this spring that it says will enhance the Grand Alliance service and replace one existing loop.<br /> <br />
Container lines
Forwarding
APL Seeks Second Rate Increase on Asia-Europe Trade
JOC Staff |
APL joins other major ocean carriers in implementing a second general rate increase this year on the depressed Asia-Europe trade lane.<br /> <br />
Container lines
Forwarding
CKYH, Evergreen to Start 12 Asia-Europe Loops
Peter T. Leach, Senior Editor |
The four ocean carriers that belong to the CKYH alliance and <a target="_blank" href="http://www.jocsailings.com/CarrierDirectory/CarrierDetail.aspx?CID=101"><u>Evergreen Line</u></a> are entering int
Forwarding
Container lines
OOCL Parent Ends 2011 in the Black
Mike King, Special Correspondent |
Orient Overseas (International) Ltd. and its subsidiaries reported a profit of US$181.6 million for 2011, but the company warned the outlook for its container line business remains bleak.<br />
Container lines
Forwarding
India Container Volume Increases 3.3 Percent
JOC Staff |
Container volume at major ports in India grew 3.3 percent year-over-year in the first 11 months of fiscal 2011-12, according to preliminary traffic figures released by the Indian Ports Association.<br
Port News
Forwarding
Customs' Winning Hand
R.G. Edmonson, Associate Editor |
A dozen years after Congress first allocated funding, Customs and Border Protection’s Automated Commercial Environment isn’t fully delivering on the promises made to importers and brokers.
Transport, Trade, and Regulation News
Forwarding
APM Terminals' Productivity Push
Peter T. Leach, Senior Editor |
Kim Fejfer is waging a war on waste at his company’s container terminals.
Port News
Maritime
Forwarding
Trailer Bridge Back on Firm Ground
Joseph Bonney, Senior Editor |
Trailer Bridge is on track to exit Chapter 11 bankruptcy on March 16, four months after the U.S. mainland-Puerto Rico carrier filed for protection from creditors.<br /> <br />
Maritime
Trucking News
Container lines
Forwarding
US Trade Deficit Hits Three-Year High at $52.6 Billion
Joseph Bonney, Senior Editor |
The U.S. trade deficit rose to a three-year high of $52.6 billion in January as a 2.1 percent jump in imports outpaced a 1.4 percent rise in exports.<br /> <br />
Transport, Trade, and Regulation News
Forwarding
Maersk Announces Mideast-South Africa Service
JOC Staff |
Maersk Line will launch MISA, a liner service linking key ports in the Middle East and South Africa.<br /> <br />
Container lines
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