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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
Intra-Asia outlook: Even more competition
Greg Knowler, Senior Europe Editor |
A key, new container shipping partnership will commence operations in 2018's first quarter, and it will affect the intra-Asia supply-demand equation.
Forwarding
FMC proposes privately funded portal to fight port congestion
Hugh R. Morley, Senior Editor |
“If we can harmonize the behavior of the actors in our supply chain and stop working at cross purposes, it will boost American economic growth and competitiveness.”
Forwarding
FMC green lights carrier positions on NYSHEX board
Hugh R. Morley, Senior Editor |
Four shipping carriers will help steer the New York Shipping Exchange.
Forwarding
Logistics Technology News
Lost and stolen containers trackable via database
Hugh R. Morley, Senior Editor |
New features in the nonprofit database of global container information will help identify containers that have changed hands, been stolen, or are tied up in bankruptcy court.
Forwarding
Record monthly US imports forecast for August
Hugh R. Morley, Senior Editor |
US containerized imports are forecast to reach the highest-ever monthly total in August.
Forwarding
Maritime
North American ports
Cyber attack highlights maritime security limitations
Peter Tirschwell |
What is a customer to do to protect its supply chain?
Logistics Technology News
Forwarding
Proliferation of shipping data raises questions of ownership
Lara L. Sowinski |
Access to real-time data is extremely useful to carriers, BCOs, and others, but a consensus has yet to emerge on who owns the data.
Forwarding
Logistics Technology News
Cool Cargo News
Project cargo shippers, carriers pin hopes on Ex-Im Bank
Joseph Bonney, Senior Editor |
Project shippers and carriers hope the Export-Import Bank of the United States, a political football for years, can get off the sidelines soon.
Forwarding
Breakbulk News
Transport, Trade, and Regulation News
Year after SOLAS rule, doubts over VGM accuracy linger
Hugh R. Morley, Senior Editor |
A year after the implementation of the Safety of Life at Sea (SOLAS) requirement, the once hot-button fears about the regulation have disappeared, but doubts on the accuracy of declarations linger.
Forwarding
Transport, Trade, and Regulation News
Mammoet lifts big pieces for Sasol plant in Louisiana
Joseph Bonney, Senior Editor |
Heavy-lift specialist Mammoet has completed the lifting and positioning of the two largest units of an $8 billion Sasol ethane cracker and related plants that will add to exports of polyethylene resins from the US Gulf region.
Forwarding
Breakbulk News
DFDS profit up 10 percent on sea freight growth
Bruce Barnard, Special Correspondent |
DFDS’s first-quarter earnings increased more than 10 percent on rising sea freight volume on its North European roll-on, roll-off routes.
Forwarding
Car carriers face headwinds as capacity expands
Joseph Bonney, Senior Editor |
Growth in car carrier ship capacity is balanced by uneven demand for vehicles and high-and-heavy cargoes.
Forwarding
Overall ro-ro shipping market basking in glow of growth
Bruce Barnard |
Rising cargo volumes deliver increasing profits despite the fragile economic situation in the European market.
Forwarding
Breakbulk News
Ro/ro cargo
Wan Hai bucks industry trend with 2016 profit
JOC Staff |
Wan Hai Lines bucked the industry trend of deep 2016 losses, posting a profit for the year, albeit a far smaller gain than in 2015.
Container lines
Forwarding
MSC vessel blaze highlights mega-ship risks
Hugh R. Morley, Senior Editor |
Forwarding
Container lines
NYSHEX gets $8.5M ahead of launch
Hugh R. Morley, Senior Editor |
Cargo booking exchange platform secures funding of $8.5 million from GE and Goldman Sachs, among others.
Container lines
Forwarding
Logistics Technology News
Carriers urged to drill down on costs and tech amid grim outlook
Hugh R. Morley, Senior Editor |
The undeniably grim outlook for global container lines in 2017 nevertheless could brighten.
Container lines
Forwarding
Logistics Technology News
US court rejects appeal by ro-ro shippers in antitrust case
Joseph Bonney, Senior Editor |
Vehicle buyers and dealers sought treble damages.
Forwarding
Wilhelmsen, Wallenius merger moves closer to completion
Bruce Barnard, Special Correspondent |
Wilhelmsen and Wallenius on Thursday signed an agreement to merge the Norwegian and Swedish companies’ joint investments in Wallenius Wilhelmsen Logistics, EUKOR Car Carriers, and American Roll-on Roll-off Carrier.
Forwarding
US container imports forecast to make year-end surge
Hugh R. Morley, Senior Editor |
<p>US containerized importers will turn up the heat in the last two months of 2016. </p>
Forwarding
North American ports
Backers see first offshore US wind farm as stepping stone
Joseph Bonney, Senior Editor |
Deepwater Wind’s $300 million, 30 MW project three miles off Block Island, Rhode Island, is small compared with big onshore and offshore projects at other locations, but it’s seen as a breakthrough for the US market.
Breakbulk News
Forwarding
Gantry cranes mean big business for heavy-lift carriers
Joseph Bonney, Senior Editor |
<p>Deliveries of ship-to-shore container gantry cranes, which are transported by specialized heavy-lift vessels, rose slightly in 2015.</p>
Breakbulk News
Forwarding
Marine terminals
Global spat over steel trade could shift supply patterns
Joseph Bonney, Senior Editor |
Steel is the world’s most important industrial material and has direct and indirect impact on breakbulk volumes.
Breakbulk News
Forwarding
Maersk's strategy review spurs negative credit agency watch
Bruce Barnard, Special Correspondent |
Maersk's container shipping business is facing freight rate volatility and downward pressure on primary and secondary routes
Forwarding
Roll-on, roll-off shipping weathers economic storm
Bruce Barnard, Special Correspondent |
The roll-on, roll-off shipping market is relatively upbeat after emerging surprisingly unscathed from a year of tough economic and geopolitical challenges. The outlook for pure car carriers, however, is looking less optimistic against a backdrop of rising supply and subdued demand for automobiles.
Forwarding
Container weight compliance to boost costs for shippers
Peter T. Leach, Editor-at-Large |
Shippers will have to pay more to ship their products around the world when the International Maritime Organization’s new container weight verification requirements take effect on July 1.
Forwarding
Container lines
Mega-ships bring mega-risks, former ship captains tell TPM
William B. Cassidy, Senior Editor |
The loss of a mega-ship could "rewrite the law of general average," costing more than $1 billion, former container ship captain and maritime risk expert Andrew Kinsey said at the 16th annual TPM Conference. Captain Michael Lloyd warned losses such as the sinking of the MOL Comfort could become more common.
Container lines
Forwarding
Breakbulk carriers waiting for rebound in weak demand
Peter T. Leach, Editor-at-Large |
Like a mirror image of the ocean container shipping industry, the shipping lines that operate the multipurpose ships that carry breakbulk and project cargoes are suffering from overcapacity, lack of global demand and low freight rates. And like the container fleet, multipurpose ships are getting ever bigger.
Forwarding
For shippers, carrier linkups bring mystery and angst
Peter T. Leach, Editor-at-Large |
With two and possibly three mergers or acquisitions among container lines scheduled to occur this year, beneficial cargo owners are wondering how their supply chains will be impacted.
Container lines
Forwarding
Container ship charter gloom spreads
Michael Hollman, Special Correspondent |
Charter rates are dropping fast for post-Panamax ships because of low demand, with rates for some midsize vessels dropping to 2013 levels.
Forwarding
Global TV shipments, US imports drop, IHS data show
William B. Cassidy, Senior Editor |
A year-over-year drop in worldwide TV shipments underscores the link between shifts in global currency values, consumer sentiment and shipping volumes.
Forwarding
Maritime
Panama Canal repairs won't impact opening, but El Nino threat remains
John Gallagher, Special Correspondent |
Panama Canal officials have said it will take one month to repair leaks discovered in locks for the Pacific side, but warned El Nino is a bigger threat to the canal’s operations.
Forwarding
US Southeast ports rev up competition for growing auto traffic
Reynolds Hutchins, Associate Editor |
As U.S. auto sales surge, U.S. Southeast port are shifting into high gear to win that highly profitable roll-on, roll-off cargo.
Forwarding
Maersk towage unit Svitzer seeks growth in Middle East, Africa, Asia
Bruce Barnard, Special Correspondent |
Svitzer unveiled a new growth strategy targeting the Middle East, Africa and Asia as the Maersk group’s towage unit moves to lessen its dependence on the mature and over-supplied European and Australian markets.
Forwarding
Box ships transit expanded Suez in first trial run
Bruce Barnard, Special Correspondent |
Three container ships sailed through the “new” Suez Canal over the weekend in the first trial run of a second shipping lane alongside the existing waterway ahead of the official opening next month.
Forwarding
Panama Canal is on track to open its expanded locks in April
Peter T. Leach, Editor-at-Large |
The new locks at the Pacific end of the Panama Canal began to fill with water in late June in preparation for months of testing of their new gates before they open to commercial traffic next April.
Forwarding
Shippers told to prepare for global container weight verification rule
JOC Staff |
In exactly one year new global regulations requiring every packed container have a verified container weight will go into effect, and shippers need to be prepared, an industry trade group warns.
Forwarding
New Panama locks to open in April, but at higher cost
Peter T. Leach, Editor-at-Large |
The new locks at the Pacific end of the Panama Canal began to fill with water this week in preparation for months of testing of their new gates before they open to commercial traffic in April 2016.
Forwarding
Milan-Charleston LCL service set to launch amid weak volume growth on trade
JOC Staff |
CaroTrans is launching a new weekly, direct less-than-container-load service from Milan to Charleston starting next month, amid weak westbound volume growth on the trade lane.
Logistics Technology News
Forwarding
Asia-Europe rates shed 80 percent in a year, SCFI data shows
Greg Knowler, Senior Europe Editor |
Asia-Europe freight rates are now 82 percent lower than at the same time last year, dropping by 15.6 percent this week to settle at the latest record low of $205 per 20-foot container, according to the latest reading of the Shanghai Containerised Freight Index.
Forwarding
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