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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
Port of LA Container Traffic Rises 5 Percent
Bill Mongelluzzo, Associate Editor |
Containerized traffic at the Port of Los Angeles increased more than 5 percent year-over- year in January, as a ramp-up of Asian manufacturing ahead of the annual Chinese New Year celebration boosted
Port News
Maritime
Forwarding
Shippers Doubt Asia-Europe Rate Push Will Take
Mike King, Special Correspondent |
Excess vessel capacity and rate wars will doom liner efforts to hike rates on Asia-Europe services, said several shippers and forwarders.<br /> <br />
Container lines
Maritime
Forwarding
Stalled Indian Terminal Project Moves Ahead
JOC Staff |
The Indian Supreme Court's recent rejection of DP World’s appeal to review its rejected tender offer for a yet-to-be-built container terminal at the Port of Jawaharlal Nehru (Nhava Sheva) clears
Port News
Maritime
Forwarding
Hapag-Lloyd Bucks Industry Trend With 2011 Profit
Bruce Barnard, Special Correspondent |
Hapag-Lloyd‘s operating profit in 2011 declined 83 percent to $133 million from $770 million in 2010, but the German carrier bucked an industry-wide trend as one of the very few ocean lines to c
Container lines
Maritime
Forwarding
Poultry, Egg Exports Hit Record in 2011
Joseph Bonney, Senior Editor |
U.S. poultry and egg exports jumped 17 percent to a record $5.1 billion in value last year, as shipments of chicken and turkey hit record levels.<br /> <br />
Forwarding
Maritime
CMA CGM Enlists IBM to Improve Operations, Cut Costs
Peter T. Leach, Senior Editor |
CMA CGM Group and IBM formed a partnership to develop a information technology unit to support the French carrier’s operations and reduce its costs.<br /> <br />
Logistics Technology News
Maritime
Container lines
Forwarding
Ron Widdows to Head Germany’s Rickmers-Linie
Bruce Barnard, Special Correspondent |
Ron Widdows, the former chief of Singapore-based Neptune Orient Lines, will become CEO of Germany’s Rickmers Holding and Rickmers-Linie shipping group.<br /> <br />
Maritime
Container lines
Forwarding
Eastbound Trans-Pacific Rates Slip 1.6 Percent
Peter T. Leach, Senior Editor |
Average eastbound trans-Pacific spot rates fell this week for the first time in 2012 as vessel overcapacity and slack seasonal demand undermined carrier efforts to lift rates.<br /> <br />
Container lines
Maritime
Forwarding
Galveston Appoints Mierzwa Port Director
Peter T. Leach, Senior Editor |
The Port of Galveston named Capt. Michael J Mierzwa as its new port director, effective Feb. 16.<br /> <br />
Port News
Maritime
Forwarding
North American ports
TUI May Float Remaining Hapag-Lloyd Stake
Peter T. Leach, Senior Editor |
German travel company TUI said it may try again to float its stake in Hapag-Lloyd as part of its bid to get completely out of the container shipping business.<br /> <br />
Forwarding
Container lines
Retail Sales Rose 0.3 Percent in January
Peter T. Leach, Senior Editor |
Retail sales rose less than expected in January largely because of discounting in the auto sector.<br /> <br />
Transport, Trade, and Regulation News
Maritime
Forwarding
Pantos Logistics Opens Thailand Distribution Center
Mike King, Special Correspondent |
Pantos Logistics recently opened a 32,808-square-foot logistics center near the port of Laem Cabang, Thailand, as the third-party logistics provider aims to tap the growth of nearby auto and electroni
Industrial Real Estate News
Maritime
Forwarding
Matson Profit Tumbles 55 Percent
Joseph Bonney, Senior Editor |
Matson Navigation’s fourth quarter operating profit fell 55 percent to $13 million as slumping trans-Pacific rates offset improved volume to Guam, parent Alexander & Baldwin said.<br />
Container lines
Forwarding
APM Terminals to Operate, Expand Turkish Terminal
Peter T. Leach, Senior Editor |
APM Terminals signed a preliminary agreement with Petkim Petrokimya Holding to operate a Port of Petkim terminal and expand the Turkish facility’s capacity to up to 3 million 20-foot equivalent
Port News
Maritime
Forwarding
Rickmers Maritime Swings to $40.3 Million Profit
Joseph Bonney, Senior Editor |
Container ship owner-charterer Rickmers Maritime posted a $40.3 million net profit for 2011, reversing a $28.6 million loss in 2010, and said it expects “steady performance” this year desp
Forwarding
Maritime
Japan Economy Shrinks 0.6 Percent on Weak Exports
Hisane Masaki, Special Correspondent |
The Japanese economy shrank 0.6 percent in the October-December quarter from the preceding quarter and 2.3 percent year-over-year, as weak exports spurred the first contraction in two quarters.
Forwarding
Maritime
APL Adds $750 to Asia-Europe Rates
JOC Staff |
APL is joining the container shipping <a href="http://www.joc.com/trade-lanes/maersk-line-adds-775-asia-europe-rates"><u>drive to push up pricing on shipments from Asia to Europe</u></a>, announcing i
Container lines
Forwarding
TUI Expected to Sell Hapag-Lloyd Stake This Week
Bruce Barnard, Special Correspondent |
German tourism group TUI is set to sell a fresh tranche of shares in Hapag-Lloyd this week to the Albert Ballin consortium, the majority shareholder of the ocean container carrier.<br /> <br />
Container lines
Maritime
Forwarding
India Export Growth Hits Three-Month High
JOC Staff |
India’s exports in January increased 10.1 percent year-over-year to $25.4 billion, the fastest growth rate in three months.<br /> <br />
Forwarding
Maritime
When 53 Feet Stretches Cross-Country
Bill Mongelluzzo, Associate Editor |
Rising labor costs in Asia. Fuel prices at record winter highs. Asian currencies revalued upward.
Transport, Trade, and Regulation News
Forwarding
Air Freight's Imbalanced Expectations
Ian Putzger |
The trans-Pacific market appears to have flipped. In a reversal of the established traffic patterns of the past three decades, U.S.
Air Cargo
Maritime
Forwarding
Air Cargo Carriers News
For the US, a Buyer’s Market?
Joseph Bonney, Senior Editor |
Aging cars require replacement parts and generate new-vehicle sales. When people move, they tend to buy new furniture.
Forwarding
Maritime
Freeze Forces Germany to Close Key Shipping Artery
Bruce Barnard, special correspondent |
Germany will shut a canal linking the river Rhine to Hamburg, Europe’s second largest container port, late Friday night as the coldest February temperatures across Europe in almost three decades
Maritime
Trucking News
Rail News
Container lines
Forwarding
Air Cargo
FDA Blocks More Orange Juice Shipments
William B. Cassidy, Senior Editor |
Federal regulators found an illegal fungicide in three additional shipments of imported orange juice, bringing the total number ofshipments stopped at the U.S.
Forwarding
Cool Cargo News
Freight Rate, Surcharge Update for Week of Feb. 6-10
JOC Staff |
<img width="10" height="10" alt="" src="/sites/default/files/images/JOCbullet(2).jpg" /> Middle East carrier Emirates Shipping Line will apply a two-phase general rate increase for cargo moving on its
Forwarding
Container lines
APL to Stop Providing Chassis at Ports
Peter T. Leach, Senior Editor |
APL will begin phasing out its U.S. fleet of container chassis during the first half of 2012. <br /> <br />
Port News
Forwarding
Euroseas Sees Weaker Container Ship Bookings
Bruce Barnard, Special Correspondent |
Euroseas, the container and dry bulk ship owner, swung to a $1.1 million fourth quarter net profit from a $929,000 year-earlier loss, but the company forecast <a href="http://www.joc.com/container-shi
Forwarding
Container lines
Analyst Doubts Rapid Impact of Asia-Europe Rate Increases
Mike King, Special Correspondent |
Vessel layups and new shipping alliances will help push up container shipping freight rates in coming months but many operators still will struggle to return to profitability, one analyst.<br />
Container lines
Forwarding
Eastbound Trans-Pacific Carriers Seek $800 in Rate Increases
Bill Mongelluzzo, Associate Editor |
Trying to maintain pricing momentum in the trans-Pacific, shipping lines that carry U.S.
Container lines
Forwarding
Baltimore Container, Auto Volumes Set Records
Peter T. Leach, Senior Editor |
The Port of Baltimore handled a record-number of containers and automobiles in 2011, as both cargos surpassed levels set before the 2009 recession.<br /> <br />
Port News
Forwarding
Maersk to Launch Middle East-West Mediterranean Service
JOC Staff |
Maersk Line will launch a container service between the Middle East and West Mediterranean, starting at the end of this month.<br /> <br />
Container lines
Forwarding
MSC’s Golden Gate Service Adds Savannah Call
Peter T. Leach, Senior Editor |
Mediterranean Shipping Company is adding Savannah to its weekly Golden Gate Service between the East Coast and Asia via the Suez Canal. <br /> <br />
Forwarding
Car Carriers Rebound on Auto Industry Recovery
Peter T. Leach, Senior Editor |
The rise in the global auto trade is lifting the car carrier industry out of the global recession with far less damage than other shipping sectors have experienced, according Drewry’s Car Carrie
Forwarding
Container lines
Kerry Expands Thailand Port Operations
Mike King, Special Correspondent |
Hong Kong-based Kerry Logistics, in the midst of a <a href="http://www.kerrylogistics.com/htdocs/press/news_20120109_ccp_en.html"><u>broad expansion of its Asia network</u></a>, says it expects to com
Industrial Real Estate News
Forwarding
Asia-Europe Spot Rate Index Inches Upward
Peter T. Leach, Senior Editor |
An index of spot freight rates for Asia-to-Europe container shipments inched up 0.1 percent this week, showing new strength in ocean carrier attempts to shore up pricing on the troubled trade la
Container lines
Forwarding
LA-LB Aim to Combat Slow Turn Times at Ports
Bill Mongelluzzo, Associate Editor |
The executive directors of the nation’s two largest container ports intend to address one of their most vexing and embarrassing problems – slow turn times at marine terminal gates.<br />
Port News
Forwarding
NC's Wilmington Container Traffic Jumps 11.2 Percent
Peter T. Leach, Senior Editor |
Container throughput at the Port of Wilmington jumped 11.2 percent last year from the previous year, as the North Carolina port handled more imports and exports of agricultural products.<br />
Port News
Maritime
Forwarding
No End in Sight for Labor Stoppages at Rotterdam Port
Bruce Barnard, Special Correspondent |
A labor dispute at APM Terminals in Rotterdam that has disrupted shipping at one of Europe’s largest container handling facilities for more than a week shows no sign of an early end.<br />
Port News
Maritime
Forwarding
Shipowners Urge Heavier Hand Against Pirates
Mike King, Special Correspondent |
Shipowners urged governments to take a heavier hand to captured Somali pirates and their financiers, as the threat to trade and seafarers increases. <br /> <br />
Container lines
Maritime
Forwarding
G6 Alliance Speeds Up Asia-Europe Service Launch
Bruce Barnard, Special Correspondent |
The newly formed G6 alliance of ocean carriers is speeding up the launch of its Asia-Europe service by a month to the first week of March to coincide with steep hikes in freight rates on the world&rsq
Container lines
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