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Forwarding
The latest Forwarding News & Analysis
CMA CGM Appoints Sirat CFO
Peter T. Leach | Jun 15, 2011, 9:16 AM EDT
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 | Jun 15, 2011, 9:11 AM EDT
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 | Jun 15, 2011, 8:57 AM EDT
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 | Jun 15, 2011, 8:25 AM EDT
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 | Jun 14, 2011, 5:05 PM EDT
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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Pirates Paid $2.1 Million to Release Hostages
JOC Staff | Jun 14, 2011, 2:34 PM EDT
Six Indian sailors, held captive by Somali pirates for more than 10 months, were freed Monday after a reported $2.1 million ransom payment.
Container lines
Maritime
Forwarding
Port of NY-NJ Approves Restructured PNCT Lease
Peter T. Leach | Jun 14, 2011, 2:02 PM EDT
The board of the Port Authority of New York and New Jersey Tuesday approved a restructured lease with the Port Newark Container Terminal that will provide $500 million in private capital investment to
Port News
Forwarding
MSC Hikes Portugal-to-US Freight Rates
Peter T. Leach | Jun 14, 2011, 9:59 AM EDT
Mediterranean Shipping Co. is raising its freight rates on all export containers shipped from Portugal to the U.S. as of July 7.
Container lines
Maritime
Forwarding
BIMCO Elects Khatau President
JOC Staff | Jun 14, 2011, 9:43 AM EDT
The Baltic and International Maritime Council, the world’s largest private shipping organization, elected Yudhishthir Khatau of India as its new president.
Maritime
Container lines
Forwarding
Laid Up Box Fleet Shrinks to Three Year Low
Bruce Barnard | Jun 14, 2011, 9:35 AM EDT
The laid-up container ship fleet fell to its lowest level since August 2008 and is still shrinking as ocean carriers activate idle tonnage, Alphaliner reported.
Forwarding
Maritime
Container lines
PierPass Says 'Bunching' Plagues Terminal Gates
Bill Mongelluzzo | Jun 14, 2011, 8:52 AM EDT
The head of PierPass gate operation at the Los Angeles and Long Beach ports says the only pressure on capacity marine terminals comes when large numbers of truckers want to pick up or drop off contain
Port News
Forwarding
CSAV Volume Up, Average Revenue Down
Peter T. Leach | Jun 13, 2011, 3:16 PM EDT
CSAV’s volume of transported containers increased 6.8 percent in May over April, but the average revenue per container declined.
Container lines
Maritime
Forwarding
Nehru Port Volume Down 2 Percent
JOC Staff | Jun 13, 2011, 2:47 PM EDT
Container throughput in India’s Port of Jawaharlal Nehru (Nhava Sheva) fell nearly 2 percent year-over-year in the April-May period, the first two months of fiscal 2011-12, the port authority sa
Port News
Maritime
Forwarding
Maersk CEO Explains Details of Manifesto
Peter T. Leach | Jun 13, 2011, 1:25 PM EDT
Forwarding
Container lines
Japanese Firm Inks Westwood Purchase Deal
Hisane Masaki | Jun 13, 2011, 1:01 PM EDT
Japan’s Sumitomo Warehouse said today that its wholly owned subsidiary, J-WeSco, signed a contract to acquire a 100 percent stake in Westwood Shipping Lines, a U.S.
Container lines
Maritime
Forwarding
CSAV Suspends Trans-Pacific Loop Service
Peter T. Leach | Jun 13, 2011, 12:45 PM EDT
Chilean carrier CSAV said Monday it will suspend its Asiam service from India, Southeast Asia and China to the U.S.
Container lines
Maritime
Forwarding
Seaspan Adds 61st Ship
Joseph Bonney | Jun 13, 2011, 11:02 AM EDT
Container ship owner-charterer Seaspan took delivery of the first of new eight containerships with capacities of 13,100 20-foot-equivalent units.
Maritime
Container lines
Forwarding
Export Surge Pushes Round-Trip Strategy on Pacific
Bill Mongelluzzo | Jun 13, 2011, 10:15 AM EDT
Container ship line APL says the fast-growing U.S.
Forwarding
Container lines
Horizon Extends Refinancing Deadline
Joseph Bonney | Jun 13, 2011, 9:20 AM EDT
Horizon Lines is extending for another week its deadline to line up commitments for $350 million in secured senior notes, a key part of the
Container lines
Forwarding
Easing Into the Peak
Bill Mongelluzzo | Jun 13, 2011, 12:00 AM EDT
The peak-season surcharge carriers intended to impose in the eastbound Pacific beginning June 15 is a casualty of the soft patch in the U.S. economy.
Maritime
Container lines
Forwarding
Galveston's Return on Privatization
Peter T. Leach | Jun 13, 2011, 12:00 AM EDT
When the deal to sell the Port of Galveston’s facilities to an investor group of Hutchison Port Holdings and Carlyle Group fell through in April, the port and financial adviser BMO Capital Marke
Port News
Maritime
Forwarding
Rolling Container Volume
Marsha Salisbury | Jun 13, 2011, 12:00 AM EDT
Just 1,401 20-foot equivalent units separate Maersk Line and Mediterranean Shipping at the top two spots in The Journal of Commerce rankings of the Top 40 Import Container Lines for the first quarter
Maritime
Container lines
Forwarding
Houston's Future Arrives Early
Peter T. Leach | Jun 13, 2011, 12:00 AM EDT
The Port of Houston doesn’t have to wait for the opening of the Panama Canal’s larger locks in 2014 for the arrival of bigger post-Panamax ships.
Port News
Maritime
Forwarding
Cajun Country's Big Catch
Janet Plume | Jun 13, 2011, 12:00 AM EDT
The Port of New Orleans and the terminal operator owned by Mediterranean Shipping Co.
Forwarding
Maritime
Surcharges Fuel Suspicion
Joseph Bonney | Jun 13, 2011, 12:00 AM EDT
Slow-steaming by container ship lines is thickening the fog of war between shippers and carriers over bunker fuel surcharges.
Maritime
Forwarding
Shrinking Ol' Man River
Janet Plume | Jun 13, 2011, 12:00 AM EDT
The threat level is rising along with the water along the Mississippi River, endangering two-thirds of U.S.
Maritime
Transport, Trade and Regulation News
Forwarding
U.S. Pacific Export Rates Plunging, Executive Says
Bill Mongelluzzo | Jun 10, 2011, 10:53 AM EDT
Rates for containerized ocean shipping exports from the United States to Asia are sliding this spring as a sharp upturn in vessel capacity offsets relatively strong demand for U.S.
Forwarding
Container lines
Diana Containerships Sets $168 Million Stock Offering
Peter T. Leach | Jun 10, 2011, 10:45 AM EDT
Diana Containerships on Friday set the price of its public offering of 14.25 million shares of its common stock at $7.50 per share.
Maritime
Container lines
Forwarding
Hong Kong Box Volume Flat in First Quarter
Peter T. Leach | Jun 10, 2011, 10:03 AM EDT
The Port of Hong Kong, getting off to a slow start in 2011, saw ocean container volume grow a scant 1 percent in the first quarter from a year ago, according to the Census and Statistics Department of
Maritime
Forwarding
Exporters Name OOCL Top Carrier
Bill Mongelluzzo | Jun 10, 2011, 8:10 AM EDT
Orient Overseas Container Line took first place in the annual ocean carrier performance survey
Forwarding
Container lines
Container Services Resume at Port of Sendai
Hisane Masaki | Jun 9, 2011, 3:24 PM EDT
Container services resumed this week at the Port of Sendai-Shiogoma, the most important port in Japan’s northeastern region of Tohoku, nearly three months after the devastating March 11 earthqua
Maritime
Forwarding
NOL to Issue Bonds for New Ships
Joseph Bonney | Jun 9, 2011, 2:59 PM EDT
Neptune Orient Lines said it would issue S$300 million (US$244 million) in 10-year bonds to help finance the purchase of new container ships for APL.
Maritime
Container lines
Forwarding
Surging Exports Trim U.S. Trade Deficit
Joseph Bonney | Jun 9, 2011, 10:09 AM EDT
Record exports fueled by a slumping dollar combined with a drop in automotive and oil imports to shrink the U.S. trade deficit in April by 6.7 percent to $43.7 billion, the lowest since December.
Transport, Trade and Regulation News
Forwarding
AFL Short-Sea Service to Launch Next Week
Joseph Bonney | Jun 8, 2011, 4:36 PM EDT
A New England-Halifax shuttle service, launched by American Feeder Lines as the forerunner of a planned coast-wide network of short-sea services, will begin service next week.
Container lines
Maritime
Forwarding
European Shippers Support Maersk CEO's Call for Change
Peter T. Leach | Jun 8, 2011, 1:46 PM EDT
European shippers are endorsing the call for radical changes in the container industry by Maersk Line CEO Eivind Kolding, but the European Shippers Council said Maersk has a heavy legacy to overcome a
Maritime
Container lines
Forwarding
Antwerp Introduces Discount for 'Green' Ships
Bruce Barnard | Jun 8, 2011, 10:11 AM EDT
The port of Antwerp wiil reward “clean ships” with a 10 percent discount on tonnage based harbor dues from July 1 in a bid to further cut emissions of pollutants.
Port News
Maritime
Container lines
Forwarding
Mumbai Port Traffic Falls 18.5 Percent
JOC Staff | Jun 8, 2011, 10:03 AM EDT
Container throughput in India’s Port of Mumbai fell 18.5 percent year-over-year in the first two months of fiscal 2011-12, the port authority said on Wednesday.
Port News
Maritime
Forwarding
Dockwise Threatens to Quit Dutch Flag
Bruce Barnard | Jun 8, 2011, 9:51 AM EDT
Heavy-lift shipping company Dockwise warned today that it will transfer its Dutch-flagged ships to a different register unless the Netherlands allows it to hire private guards to fight pirates.
Container lines
Maritime
Forwarding
Bremen/Bremerhaven Reports Record Box Traffic
Bruce Barnard | Jun 8, 2011, 9:35 AM EDT
Container traffic at Bremen/Bremerhaven hit a record high in April as the German twin ports continue to outpace growth at their North West European rivals.
Port News
Maritime
Forwarding
APL President Eng Aik Meng Resigns
JOC Staff | Jun 8, 2011, 9:34 AM EDT
APL President Eng Aik Meng announced his resignation on Wednesday, expanding a rapid overhaul in the top leadership at one of the world’s largest container shipping lines.
Container lines
Forwarding
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