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The latest
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News & Analysis
Denmark's DFDS Sells Rotterdam Terminal
Bruce Barnard |
DFDS, northern Europe’s largest short-sea freight shipping company, sold a cargo terminal in Rotterdam to Germany’s Rhenus Logistics for $35 million.
Maritime
Forwarding
SC Projects 6.6 Percent Port Growth
Peter T. Leach |
The South Carolina State Ports Authority approved its budget for fiscal year 2012, which projects a 6.6 percent increase in container volume and nearly $82 million in capital projects for the year.
Port News
Maritime
Forwarding
Maersk Sees Demand Slip in June
JOC Staff |
Shanghai – A Maersk Line executive said the carrier is seeing container shipping demand from Asia to the U.S.
Container lines
Maritime
Forwarding
Japanese Exports to Level Off, Report Says
Hisane Masaki |
Japanese containerized cargo exports will level off in fiscal 2011, which started on April 1, in the wake of the devastating earthquake and tsunami that hit the northeastern part of the country on Mar
Transport, Trade and Regulation News
Forwarding
Henry, McNabb, Somerville to Receive AOTOS
JOC Staff |
The annual Admiral of the Ocean Sea Awards will be presented Oct. 28 to James L. Henry, chairman and president of the Transportation Institute; Gen. Duncan J. McNabb, commander of the U.S.
Maritime
Container lines
Forwarding
Alphaliner: Large Ship Orders Will Fuel Rate Competition
Bruce Barnard |
The race to order ultra large container ships as ocean carriers seek lower capital and operating costs will lead to increased rate competition as lines strive to fill their vessels, Alphaliner warned.
Forwarding
Maritime
Container lines
SSE Defends 'Misunderstood' Shanghai Rate Index
JOC Staff |
Shanghai – The president of the Shanghai Shipping Exchange, defending the integrity of the group’s closely watched and often criticized rate index, said Tuesday the pricing measure is buil
Maritime
Forwarding
Army Corps, SCSPA Ink Charleston Agreement
Peter T. Leach |
The U.S.
Port News
Maritime
Forwarding
APL Expands China-India Express Service
JOC Staff |
APL is expanding its China-India Express Service with a weekly call at India's Port of Pipavav, starting at the end of this month.
Container lines
Maritime
Forwarding
ECT Rejects Report of MSC Stake
Bruce Barnard |
ECT, Rotterdam’s biggest container terminal operator, denied reports that ocean carrier Mediterranean Shipping Co. acquired a significant stake in its largest facility.
Port News
Maritime
Container lines
Forwarding
Horizon Postpones Refinance Deadline Again
Joseph Bonney |
Horizon Lines announced a second one-week postponement of a deadline for securing bondholders’ support for a plan to refinance the debt of the largest U.S. domestic ocean carrier.
Container lines
Maritime
Transport, Trade and Regulation News
Forwarding
New York to Indict Iran Shipping Lines
Peter T. Leach |
New York City’s district attorney will indict Islamic Republic of Iran Shipping Lines on Monday on charges that it is part of Iran's effort to obtain banned technology for its nuclear and missil
Container lines
Maritime
Transport, Trade and Regulation News
Forwarding
Somalia Jails Six Over Pirate Ransom
Bruce Barnard |
Somalia jailed an American, three Britons and two Kenyans for illegally bringing $3.6 million in cash into the country, allegedly to pay ransoms for two ships seized by pirates.
Container lines
Maritime
Transport, Trade and Regulation News
Forwarding
Time for Change
Peter T. Leach |
Eivind Kolding took a few verbal barbs after the Maersk Line CEO issued a manifesto on June 7 calling for radical changes to shipping business practices, but that hardly fazed him.
Forwarding
Maritime
Container lines
No More Magic Pipe
R.G. Edmonson |
The U.S. tries to keep foreign-flag ships from polluting U.S. waters, but not every operator gets the message.
Transport, Trade and Regulation News
Maritime
Forwarding
Farm-Fed Recovery
Bill Mongelluzzo |
The U.S. economy is heading inexorably toward its next growth cycle, with agricultural exports ripe to help drive expansion, economists, shippers and government officials say.
Maritime
Forwarding
Nearer to On-Dock
Bill Mongelluzzo |
U.S.
Port News
Maritime
Forwarding
Surcharge, Freight Rate Updates for June 13-17
JOC Staff |
Maersk Line will implement a peak-season surcharge for cargo shipped from India to the United States, Guam and Canada.&n
Forwarding
Maersk Sees Rapid Asia-Africa Trade Growth
Peter T. Leach |
Maersk Line is forecasting double-digit growth for its Asian shipments of palm oil, sugar and rice to Africa this year as demand for food commodities surges in frontier markets, an executive said on F
Forwarding
Maritime
Container lines
Shippers, Carriers Temper Peak-Season Expectations
Bill Mongelluzzo |
Some shippers and port executives in Southern California, assessing trans-Pacific shipping prospects at the start of the peak season, say they believe cargo volume will increase mo
Maritime
Container lines
Forwarding
Maersk Sets India-US Peak Season Surcharge
JOC Staff |
Maersk Line in July will implement a peak-season surcharge for cargo shipped from India to the U.S., Guam and Canada.
Maritime
Container lines
Forwarding
Regulators Ease Tough Export Control Rules
R.G. Edmonson |
The Commerce Department is giving exporters relief from tough export control regulations that many companies have decried as an outdated impediment to their ability to export technology that poses lit
Forwarding
Steel Exports Fell in April
JOC Staff |
U.S. steel exports declined 9.3 percent in April from March and 8.8 percent year-to-year, the Commerce Department said.
Transport, Trade and Regulation News
Maritime
Forwarding
Retail Group Sees Imports Flat Through July
Joseph Bonney |
Imports at the nation’s largest container ports are expected to remain flat through July before picking up when the annual peak season for holiday shipments begins later this summer, the Nationa
Maritime
Forwarding
Housing Starts Advance in a Weak Market
Joseph Bonney |
Construction of homes and apartments increased 3.5 percent in May from the previous month but was down 3.4 percent year-to-year, the Commerce Department said.
Transport, Trade and Regulation News
Forwarding
Doha to Sign Deal for Major Expansion
Bruce Barnard |
The Port of Doha, Qatar, plans to award contracts to build the first phase of a new container complex in the gas-rich Persian Gulf state in November.
Maritime
Forwarding
Hanjin Changes Partners on Asia-Mideast Service
Peter T. Leach |
Hanjin Shipping is teaming up with NYK Line to renew its Far East-Middle East Express service starting from early July.
Container lines
Forwarding
Diana Containerships Adds Sixth Vessel to Charter Fleet
Peter T. Leach |
Vessel operator and owner Diana Containerships on Thursday added a sixth ship to its fleet of containerships for hire.
Maritime
Container lines
Forwarding
APL Logistics Rolls Out 53-Foot Containers
Peter T. Leach |
APL Logistics, looking for greater efficiency matching international and U.S. domestic transport, will deploy its own fleet of 53-foot containers in the North American domestic intermodal market.
Intermodal providers
Forwarding
Russia's Global Ports Readies $572 Million IPO
Bruce Barnard |
Global Ports plans to raise up to $572 million from an initial public offering in London that would value Russia’s largest port operator at $2.4 billion.
Maritime
Forwarding
LA-LB Import Volume Grows 4.8 Percent
Bill Mongelluzzo |
Combined container import volume at the ports of Los Angeles and Long Beach grew 4.8 percent year-over-year in May, slower than the growth rate the month before and behind the 5.1 percent increase in
Port News
Forwarding
North American ports
US Port Calls Rose 13 Percent Last Year, Marad Says
R.G. Edmonson |
Vessel calls at U.S. ports increased 13 percent last year as the country recovered from the worst recession in decades, the Maritime Administration said Wednesday.
Maritime
Transport, Trade and Regulation News
Forwarding
India's Port Traffic Up 1 Percent
JOC Staff |
The volume of containers handled by major ports in India grew a mere 1 percent year-over-year in the first two months of fiscal 2011-12, the Indian Ports Association said Wednesday.
Port News
Maritime
Forwarding
Emirates Joins Middle East Express Service
JOC Staff |
Emirates Shipping Line is joining the Middle East Express Service operated jointly by Cosco Container Lines and Orient Overseas Container Line.
Container lines
Maritime
Forwarding
NY-NJ Targets 2016 For Bayonne Bridge Project
JOC Staff |
The Port Authority of New York and New Jersey, racing to elevate the Bayonne Bridge, is “working towards a date of 2016” to complete the complex engineering project and clear a path for la
Port News
Forwarding
CMA CGM Appoints Sirat CFO
Peter T. Leach |
Container ship line CMA CGM appointed Michel Sirat, a longtime executive in the energy industry, to group chief financial officer.
Container lines
Maritime
Forwarding
Port Everglades to Discuss Near-Dock Rail Terminal
Peter T. Leach |
The Broward County Board of County Commissioners Tuesday authorized Port Everglades’ staff to begin talks with the Florida East Coast Railway toward development of an intermodal rail transfer fa
Port News
Maritime
Rail News
Forwarding
Corpus Christi Approves Funds to Extend Channel
Peter T. Leach |
The Port of Corpus Christi Commission on Tuesday unanimously approved funding for the port’s $15.5 million share of the cost of extending the La Quinta Ship Channel and restoring the ecosystem,
Maritime
Forwarding
Canada Lifts Japanese Food Import Restrictions
Hisane Masaki |
Canada this week lifted all import restrictions on Japanese foods, which were imposed on April 1 in the wake of the ongoing nuclear crisis at the Fukushima No.1 nuclear power plant in northeastern Jap
Forwarding
Seaway Season Opens With Traffic Boost
Courtney Tower |
The St. Lawrence Seaway opened this spring with volume up 3.7 percent in the first two months of the season compared with the same months last year.
Forwarding
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