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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
US Steel Imports Jump 20.2 Percent
Joseph Bonney, Senior Editor |
U.S. steel imports in January jumped 20.2 percent from a year earlier amid a strengthening economy and rising demand from steel users.<br /> <br />
Forwarding
Maritime
European Shippers Say FMC Underestimated Rate Volatility
R.G. Edmonson, Associate Editor |
The Federal Maritime Commission underestimated the magnitude of rate volatility in the Europe-Asia trade when it assessed the effects of the European Union’s repeal of carrier antitrust immunity
Maritime
Transport, Trade, and Regulation News
Forwarding
MOL, Cosco Ships Collide Near Hong Kong
Peter T. Leach, Senior Editor |
An MOL container ship collided with another container ship owned by Cosco on Wednesday southeast of Hong Kong.<br /> <br />
Forwarding
Maritime
Container lines
Diana Containerships Swings to $1.3 Million Profit
Bruce Barnard, Special Correspondent |
Diana Containerships booked a profit of $1.3 million in the fourth quarter of 2011 against a year-earlier loss of $15,600, and the Greek shipowner forecasts an improved performance in 2012 because of
Forwarding
Maritime
Asia-Europe Rates Rise on Maersk Capacity Cut
Peter T. Leach, Senior Editor |
Spot freight rates on the westbound Asia-Europe trade lane rose 3 percent this week from the week before after Maersk Line announced plans to reduce vessel capacity on the route by 9 percent.<br />
Container lines
Maritime
Forwarding
NOL Extends Intermodal Contract With Union Pacific
Peter T. Leach, Senior Editor |
NOL Group renewed its contract with Union Pacific for U.S. rail transport of containerized cargo carried by APL, it liner shipping business.<br /> <br />
Intermodal providers
Maritime
Rail News
Forwarding
North-American rail
Container Exports Dipped 0.2 Percent Last Quarter
Joseph Bonney, Senior Editor |
Weak volumes to Europe and the Mediterranean caused U.S.
Forwarding
APL Parent Lost $478 Million in 2011
Joseph Bonney, Senior Editor |
APL’s parent NOL Group lost $478 million last year, reversing a $461 million profit in 2010, as high fuel costs and lower freight rates produced “disappointing” results for the conta
Container lines
Maritime
Forwarding
Danaos Swings to Profit, Projects Weaker Charter Market
Bruce Barnard, Special Correspondent |
Danaos reported net income of $9.1 million in the fourth quarter of 2011 against a year earlier loss of $8.9 million, but the Greek containership owner warned the rising number of laid-up vessels will
Forwarding
Maritime
Maersk to Raise Asia-Latin America Rates
JOC Staff |
Maersk Line imposed a new round of general rate increases on its Far East Asia services, effective March 15.<br /> <br />
Container lines
Maritime
Forwarding
Port of Tacoma Traffic Rose 8 Percent in January
Bill Mongelluzzo, Associate Editor |
International container volume at the Port of Tacoma in January increased 8 percent year-over-year, as imports surged 12.4 percent at the Washington state port. <br /> <br />
Port News
Maritime
Forwarding
China to Expand Port Bordering North Korea
Mike King, Special Correspondent |
China plans to spend $3 billion to build a three-pier terminal in a special economic zone bordering North Korea and a 34-mile cross-border railroad linking the port to the Chinese northeastern city of
Port News
Maritime
Rail News
Forwarding
US Export Growth to China Will Outpace Imports, Report Says
Joseph Bonney, Senior Editor |
U.S.
Forwarding
Diana Expands Container Ship Fleet
Peter T. Leach, Senior Editor |
Diana Containerships said it took delivery on Feb. 17 of the APL Sardonyx, a container ship with a capacity of approximately 4,750 20-foot equivalent units.<br /> <br />
Forwarding
Maritime
Container lines
ICS Chairman Polemis Calls For Shipbuilding Moratorium
Mike King, Special Correspondent |
A moratorium on newbuilding orders and an end to the battle for market share between shipbuilders are needed to combat the oversupply of capacity, said Spyros Polemis, chairman of the International Ch
Forwarding
United Arab Shipping Hikes US East Coast-Asia Rates
JOC Staff |
Middle East carrier United Arab Shipping imposed a two-phase general rate increase on trades from Asia to the U.S. East Coast.<br /> <br />
Container lines
Maritime
Forwarding
The Tides of March
Bruce Barnard, Special Correspondent |
Then the world’s largest ocean carrier launched its Daily Maersk service last fall, it set in motion a series of events that are radically transforming the world’s largest and most deeply
Maritime
Container lines
Forwarding
The Big Bang That Wasn't
R.G. Edmonson, Associate Editor |
The Federal Maritime Commission, in perhaps the most extensive study in its 50-year history, concluded the European Union’s 2008 repeal of antitrust immunity on liner conferences had minimal imp
Transport, Trade, and Regulation News
Maritime
Container lines
Forwarding
Advancing Technology - With Job Guarantees?
Joseph Bonney, Senior Editor |
Shippers and carriers view this year’s East and Gulf Coast longshore labor negotiations with a sense of trepidation and an eye on the calendar.<br /> <br />
Longshore labor
Maritime
Forwarding
Bigger Ships, Faster Growth Through the 'Other' Canal
Peter T. Leach, Senior Editor |
A funny thing happened on the way to the 2014 completion of the new Panama Canal locks. The volume of containers moving from Asia to U.S. East Coast ports via the Suez Canal took off.<br /> <br />
Forwarding
Maritime
Container lines
Ports Working on the Railroad
Peter T. Leach, Editor-at-Large |
Ports along the Eastern Seaboard are putting money where their hopes are, investing in projects for better landside access by road and rail in an effort to compete for discretionary cargo.
Port News
Maritime
Rail News
Forwarding
Facilitating Trade
R.G. Edmonson, Associate Editor |
When project logistics company Agility released its Emerging Markets Logistics Index 2012, 10 of the top-ranked countries hailed from the world’s poorest continent.
Transport, Trade, and Regulation News
Maritime
Forwarding
Uncommon Growth for Forwarders
Bill Mongelluzzo, Associate Editor |
For many years, non-vessel-operating common carriers were considered a stepchild of the maritime industry, but that ship turned around in 2010 when importers had trouble securing vessel space in the t
Forwarding
Maritime
East Coast Ports See Growth in Containers
Marsha Salisbury, Research Editor |
East Coast container trade volume rose 5.5 percent in the first 10 months of 2011 compared to the same period in 2010, to 10.8 million 20-foot equivalent units, and outperformed the total U.S.
Port News
Maritime
Forwarding
Box Ships Posts $5.6 Million Profit
Joseph Bonney, Senior Editor |
Container ship owner-charterer Box Ships reported fourth quarter net income of $5.6 million, bringing the Athens-based company’s profit to $13 million since its spinoff from Paragon Shipping in
Forwarding
Maritime
OOCL Boosts Rates From Europe to Asia $200
Peter T. Leach, Senior Editor |
OOCL on Friday said it will raise freight rates on containers moving on the eastbound backhaul leg from North Europe to Asia as of March 15.<br /> <br />
Container lines
Maritime
Forwarding
Freight Rate, Surcharge Update for Week of Feb. 13-17
JOC Staff |
<img width="10" height="10" src="/sites/default/files/images/JOCbullet(2).jpg" alt="" /> Hapag-Lloyd imposed a general rate increase on the Indian subcontinent-Europe trade lanes, starting March 1.
Forwarding
Maersk Cuts Asia-Europe Capacity 9 Percent
Bruce Barnard, Special Correspondent |
Maersk Line said it is cutting vessel capacity on the Asia-Europe route by 9 percent in a bid to boost flagging freight rates and restore profitability but vowed to defend its market share on the worl
Container lines
Maritime
Forwarding
FDA Blocks More Orange Juice Imports
William B. Cassidy, Senior Editor |
Federal regulators are still squeezing orange juice imports, stopping shipments at the U.S. border or ports and testing samples for an illegal fungicide.<br /> <br />
Forwarding
Maritime
Rhode Island Study Urges Maritime, Breakbulk Development
Joseph Bonney, Senior Editor |
A study by a Rhode Island legislative commission said development of auto import-export cargo, offshore wind farms, container feeder services and breakbulk shipments could increase jobs, income and st
Port News
Forwarding
CSAV Completes $1.2 Billion Capital Increase
Joseph Bonney, Senior Editor |
Chilean carrier CSAV has issued $412 million in new stock to complete a $1.2 million capital increase that is a key element in the company’s restructuring.<br /> <br />
Container lines
Maritime
Forwarding
St. Lawrence Seaway Expects Strong 2012 Traffic
Courtney Tower, Special correspondent |
St. Lawrence Seaway officials expect strong traffic in the 2012 navigation season, starting March 22, as foreign demand for North American iron ore and coal grows. <br /> <br />
Container lines
Maritime
Forwarding
Port of Long Beach Container Trade Falls 3.9 Percent
Bill Mongelluzzo, Associate Editor |
The Port of Long Beach began 2012 on a down note, with containerized imports in January declining 5.5 percent and exports 8.2 percent lower year-over-year.
Port News
Maritime
Forwarding
Hamburg Port Boosts Container Traffic 14.2 Percent
Bruce Barnard, Special Correspondent |
The port of Hamburg boosted container traffic 14.2 percent in 2011 from a year ago, consolidating the port's position as the second-largest container hub in Europe. <br /> <br />
Port News
Maritime
Forwarding
VPA, MSC Offer Through Service to Richmond
Peter T. Leach, Senior Editor |
Mediterranean Shipping began offering a bill of lading for both imports and exports to and from the Port of Richmond, Va., which was <a href="http://www.joc.com/maritime/virginia-port-authority-takes-
Port News
Forwarding
MSC Rethinks Antwerp Port Presence as Strike Continues
Bruce Barnard, Special Correspondent |
Mediterranean Shipping Co.
Port News
Maritime
Forwarding
Asia-Europe Spot Rates Resume Their Fall
Peter T. Leach, Senior Editor |
Spot freight rates on the westbound Asia-Europe trade dropped by 3.2 percent this week from the week before as the euro crisis continues to depress demand and vessel overcapacity blunted carrier effor
Container lines
Maritime
Forwarding
Shipping Corporation of India Profit Down 40 Percent
JOC Staff |
Shipping Corporation of India’s third quarter net profit fell 40 percent from a year ago to $15.12 million, as the state-owned ocean carrier’s rising operating expenses offset a revenue ga
Container lines
Maritime
Forwarding
Star Reefers Swings to $124 Million Loss in 2011
Bruce Barnard, Special Correspondent |
Star Reefers swung to a $124 million net loss in 2011 from an $89,000 profit a year ago, as the Norwegian refrigerated ship operator was hit by record low freight rates and increased competition from
Container lines
Maritime
Forwarding
Port Tracker Says Container Imports Will Decline This Month
Bill Mongelluzzo, Associate Editor |
Containerized imports at the major U.S. gateways will decline in February, but volumes will pick up in the spring, according to the Global Port Tracker.<br /> <br />
Forwarding
Maritime
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