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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
Europe–Asia reefers battling for space with returning empties
Greg Knowler, Senior Europe Editor |
Reefer equipment for European exporters is in short supply as the refrigerated shipments compete for carrier attention with less complex and higher-priced dry containers.
Forwarding
Shippers’ COVID playbook not necessarily etched in stone
Peter Tirschwell |
There is ample evidence that shippers during the COVID-19 pandemic have torn up the supply chain playbook that served them effectively for years, but questions remain over whether those changes will be permanent.
Forwarding
Rising LNG-powered vessel orderbook sparks environmental concerns
Greg Knowler, Senior Europe Editor |
The number of LNG-powered dual-fuel vessels ordered by major carriers has risen sharply in the past year, but so has opposition from environmental groups that say the newbuilds will lock in fossil fuel production for decades.
Forwarding
Panama Canal looks to implement tolls for empty containers
Michael Angell, Associate Editor |
The Panama Canal Authority is proposing a new tolling plan that would assess the first fees on empty containers returning from North America to Asia.
Forwarding
International ports
Clearing congestion key to lower ocean rates: McKinsey
Michael Angell, Associate Editor |
A report from McKinsey & Co. says that ocean freight rates will only return to pre-COVID-19 levels if US demand for consumer goods slows and port congestion clears.
Container lines
Forwarding
North American ports
Container lines beefing up Asia–US East Coast capacity: eeSea
Michael Angell, Associate Editor |
US East Coast ports will see an uptick in deployed vessel capacity to start 2022 thanks to additional all-water Asia services being added by ocean carriers.
Forwarding
New market dynamics driving demand for freight futures
Eric Johnson, Senior Technology Editor |
A sea change in ocean freight rate volatility has precipitated new efforts to drive usage of derivatives, with index providers suggesting there is previously unseen appetite from shippers and forwarders for hedging tools.
Forwarding
Container lines
Logistics Technology News
True supply chain relief requires end-to-end recovery
Peter Tirschwell |
End-to-end recovery in the global supply chain will only come through slower demand growth and a period of calm that is far from guaranteed as long as COVID-19 continues to affect manufacturing and consumption.
Forwarding
Investment options abound for container lines riding profit windfall
Eric Johnson, Senior Technology Editor |
Liner carriers find themselves in the unusual position of having cash to both repay debt and invest in a range of ways, from new ships to technology to strategic acquisitions.
Maritime
Container lines
Forwarding
Container usage fees soaring in 2021: shippers
Michael Angell, Associate Editor |
Detention and demurrage costs have soared in 2021, and shippers complain that many of these storage fees are mistaken and difficult to correct.
Forwarding
JOC Rankings: COVID-19 drove revenue gains for air freight, final-mile providers in 2020
Michael Angell, Associate Editor |
International air freight and last-mile delivery saw the fastest revenue growth in the transportation sector last year, while industrial transportation suffered.
Forwarding
Container lines
Trucking News
International rail
North-American rail
Air Cargo Carriers News
Last Mile News
Steadying container rates belie global volatility
Lars Jensen, CEO & Partner, Vespucci Maritime, and JOC Analyst |
Anyone trying to read into recent activity in freight rate indices should be careful to distinguish between what they would like to see and what they might actually be seeing, JOC analyst Lars Jensen says.
Forwarding
US retailers won’t use charters in long term: container lessors
Peter Tirschwell and Cathy Morrow Roberson, JOC Analyst |
Container leasing companies question the cost efficiencies of retailers leasing containers and chartering ocean vessels and suggest retailers work with ocean carriers.
Forwarding
Spread in ocean freight rates offers opportunity for some shippers
Lars Jensen, CEO & Partner, Vespucci Maritime, and JOC Analyst |
When assessing the ocean container market, participants should not only look at the headline-grabbing rate figures — the spread is equally important.
Forwarding
CMA CGM backs research into hydrogen-fueled shipping
JOC Staff |
CMA CGM is supporting an experimental vessel that will sail around the world as part of a research project into viability of using seawater to produce hydrogen on board.
Forwarding
Suez-delayed ships to start reaching US East Coast by weekend
Michael Angell, Associate Editor |
US East Coast ports will see more vessel calls and volume through April 20 due to the expected arrival of Suez-delayed container ships.
Forwarding
Volatility delays THE Alliance’s service changes: Alphaliner
JOC Staff |
The tight market for shipping capacity is causing a roughly one-month delay to THE Alliance’s planned US and European service changes.
Forwarding
Suez disruption shows resilience of ocean transportation network
Lars Jensen, CEO & Partner, SeaIntelligence Consulting, and JOC analyst |
Among the misconceptions raised by the Suez incident is that it has shown the fragility of the global ocean transportation network; nothing could be further from the truth, says JOC analyst Lars Jensen.
Forwarding
Newest 2M Asia-US East Coast service aims for fast transits: Maersk
JOC Staff |
Maersk said its new service to US Southeast ports will add faster transits from Asia and serves the rapidly growing Vietnam export market.
Forwarding
New container prices surge to record highs amid five-month order backlog
Keith Wallis, Special Correspondent |
The average price for a 20-foot dry container is up around 50 percent since last year, and a backlog of orders means those buying new boxes now will have to wait until August for delivery.
Forwarding
With Ever Given freed, Suez backlog to clear through week: carriers
Michael Angell, Associate Editor |
Salvors reported that Suez Canal transits can resume after the Ever Given has been successfully dislodged and is towed away for inspection.
Forwarding
Suez blockage morphs into crisis for Europe’s supply chain
Michael Angell, Associate Editor |
Ocean carriers are beginning to divert ships and shippers face further delays if weekend efforts to refloat the Ever Given don’t work.
Forwarding
Texas freeze could halve US Q2 resin exports
Michael Angell, Associate Editor |
US resin exports are expected to see a sharp drop in the second quarter as Gulf Coast producers restart after severe February weather disrupted operations.
Forwarding
TPM21: Shippers hunger for near-term progress on decarb goals
Eric Johnson, Senior Technology Editor |
Decarbonization goals at global shippers is pushing the industry toward more granular scrutiny of supply chain-related emissions, a task that’s being helped by emergent technology and a focus on shipper collaboration.
Forwarding
Container lines
Logistics Technology News
Transport, Trade, and Regulation News
COVID-19 disruption boosts Indian LCL cargo demand
Bency Mathew, Special India Correspondent |
Maersk believes the growth in Indian LCL trade is more pronounced among retailers for their sourcing from China and domestic automakers scrambling to secure spare parts to meet resurgent vehicle demand.
Forwarding
Extended CNY could provide some supply chain respite
Keith Wallis, Special Correspondent |
An executive at a Hong Kong-based freight forwarder expected blank sailing schedules to be finalized in early January, although he said the number of blank sailings would depend on the return of empty boxes to China.
Forwarding
Container lines maxing out capacity to meet US import surge
Michael Angell, Special Correspondent |
Three large container lines say most of their available capacity is in use as demand in the US rises, but shippers still fret about finding space on a ship.
Forwarding
Market shifts freight rate dynamics for shippers
Lars Jensen, CEO & Partner, SeaIntelligence Consulting |
Analyzing data from a 52-week rolling window to eliminate seasonality, we are now at a point where the spot rate is more likely to increase than to decrease from one week to the next, a change that means an entirely different dynamic for shippers.
Forwarding
Baltic Exchange begins publishing Freightos rate index
Eric Johnson, Senior Technology Editor |
More than a year and a half after establishing a 40-foot container rate index on 12 global trades, the Baltic Exchange has started offering its daily Freightos Baltic Index as a benchmark for freight buyers.
Forwarding
South Asia infrastructure to slow production shift from China
Hugh R. Morley, Senior Editor |
While the imposition of tariffs on Chinese imports into the US has prompted some shippers to shift production to South Asia instead, the logistical and transportation shortcomings of the region are likely to limit growth in cargo headed for the United States.
Forwarding
Mexico’s modest peak season hints to slower import gains
Hugh R. Morley, Senior Editor |
Mexican shippers are finding this year’s peak season less disruptive to their supply chains than last year and are experiencing less difficulty getting cargo from the ports, as cargo volumes have grown only slightly and ocean carrier rates have stayed in the same range as in 2018.
Forwarding
Zim swings to profit on higher rates, 2M pact
Hugh R. Morley, Senior Editor |
Zim’s broadening partnership with the 2M Alliance helped the Israeli carrier record a profit in the second quarter of 2019 and an increase in freight rates for the quarter over the same period in 2018.
Forwarding
Panama Canal maintains 44-foot draft limit
Hugh R. Morley, Senior Editor |
The shallow drafts pushed up spot rates on cargo from Asia, although it’s unclear how much was due to reduced loading capacity and how much was used by carrier representatives as simply justification to seek higher rates.
Forwarding
International ports
More than cost drives shipper haulage strategies
William B. Cassidy, Senior Editor |
As Amazon-era demands for speed are multiplying, time is as important a consideration as cost for BCOs weighing merchant and carrier container haulage.
Forwarding
Trucking News
For shipping: Visibility via data trumps blockchain
Peter Tirschwell |
While blockchain hasn't happened yet in shipping, it remains for many an inchoate concept.
Forwarding
New Bangladesh customs process to speed cargo
Bangladesh Special Correspondent |
The Bangladesh government is introducing pre-arrival processing of import documents at ports in July.
Forwarding
Slideshow: NVO rankings and state of trans-Pacific market
JOC Team |
Non-vessel-operating common carriers have come to the rescue of beneficial cargo owners seeking better service guarantees and lower rates from ocean carriers they have contracted with for Asian imports.
Forwarding
Wallenius Wilhelmsen to retrofit 20 ships with scrubbers
Janet Nodar, Senior Editor, Breakbulk and Heavy Lift |
Under the International Maritime Organization's rule, starting in 2020, ships will only be allowed to emit 0.5 percent sulfur, down from the currently acceptable level of 3.5 percent.
Forwarding
Transport, Trade, and Regulation News
Maersk becomes sixth carrier to join NYSHEX
Hugh R. Morley, Senior Editor |
Exchange participants hope the New York Shipping Exchange will increase visibility and certainty for shippers, which they argue will result in a better end-to-end experience for its customers.
Forwarding
US imports forecast to rocket in February
Joseph Bonney, Senior Editor |
On a percentage basis, 2017 was one of the strongest increases registered since the end of the Great Recession.
Forwarding
North American ports
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