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Forwarding
The latest Forwarding News & Analysis
Charleston Moves Ro-Ro to Expanded Terminal
Peter T. Leach | Feb 28, 2011, 11:01 AM EST
The South Carolina State Ports Authority said it has moved Charleston's roll-on, roll-off cargo-handling to the Columbus Street Terminal, which has been undergoing a $21.7-million expansion designed t
Maritime
Forwarding
Alternate Route Set Around Surcharges
Joseph Bonney | Feb 28, 2011, 12:00 AM EST
In two decades as a shipper and a motor carrier, Craig Dickman grew increasingly dissatisfied with what he calls the “black box” of diesel fuel surcharges.
Maritime
Container lines
Forwarding
FMC Eases Tariff Filing
R.G. Edmonson | Feb 28, 2011, 12:00 AM EST
The Federal Maritime Commission is taking steps to deregulate the commercial market for freight forwarders in ocean container shipping, but not making the big leap.
Maritime
Forwarding
Three Carriers Start New Asia-Brazil Loop
Peter T. Leach | Feb 25, 2011, 4:44 PM EST
CSAV, CMA CGM and China Shipping Container Lines will pool vessels in a new service starting in April between Asia and Mexico's West Coast, the Caribbean and the north coast of Brazil.
Maritime
Container lines
Forwarding
Dockwise Revenue, Earnings Fall in 2010
Bruce Barnard | Feb 25, 2011, 12:54 PM EST
Dockwise reported lower revenue and earnings for 2010 but forecast a rebound in 2011 as higher crude prices boost demand for heavy-lift transport in the offshore oil and gas sectors.
Maritime
Forwarding
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Equity Groups Buy Container Lessor Triton
Joseph Bonney | Feb 25, 2011, 10:29 AM EST
Two private equity groups have acquired a controlling interest in the world's largest owner-lessor of marine containers Triton Container International.
Maritime
Forwarding
Paranagua Receives Largest Ship Call
Peter T. Leach | Feb 25, 2011, 10:08 AM EST
The TCP Paranagua Container Terminal received a call this week by the Maipo, the largest vessel ever to call at Brazil's third-largest container terminal.
Maritime
Container lines
Forwarding
CMA CGM Swings to Profit
Bruce Barnard | Feb 25, 2011, 9:29 AM EST
CMA CGM swung to a net profit of $1.63 billion in 2010, from a year earlier loss of $1.4 billion, driven by higher cargo volume and freight rates and cost cuts.
Maritime
Container lines
Forwarding
Horizon Lines to Sell Logistics Unit
Joseph Bonney | Feb 24, 2011, 5:12 PM EST
Horizon Lines said it is in discussions to sell its logistics unit and expects to report lower fourth quarter results next Thursday.
Maritime
Container lines
Forwarding
Horizon Pleads Guilty, to Pay $45 Million
Joseph Bonney | Feb 24, 2011, 4:08 PM EST
Horizon Lines agreed to plead guilty and will pay $45 million in fines for antitrust violations in the Puerto Rico trade.
Maritime
Container lines
Forwarding
NYK Boosts Trans-Atlantic Rates
Peter T. Leach | Feb 24, 2011, 3:29 PM EST
NYK Line plans to increase its trans-Atlantic freight rates on cargo moving in both directions as of April 1.
Maritime
Container lines
Forwarding
Coast Guard to Change Ship Rebuilding Rule
R.G. Edmonson | Feb 24, 2011, 2:16 PM EST
The Coast Guard is proposing changes in regulations to clarify the requirements for rebuilding Jones Act ships at U.S. shipyards.
Transport, Trade and Regulation News
Container lines
Forwarding
Green Reefers Loss Widens
Bruce Barnard | Feb 24, 2011, 2:07 PM EST
Norway's Green Reefers, a refrigerated cargo ship operator, reported fourth quarter 2010 pre-tax losses widened to $24 million from $18.7 million a year ago on historically low spot freight rates, fla
Maritime
Container lines
Forwarding
MSC Hikes India-Europe Rates
JOC Staff | Feb 24, 2011, 11:22 AM EST
Mediterranean Shipping Company announced a general rate increase on the westbound trades from India to Europe and the Mediterranean, the second GRI this year.
Maritime
Container lines
Forwarding
UK Approves Southampton Port Expansion
Bruce Barnard | Feb 24, 2011, 11:11 AM EST
The UK port of Southampton received government approval for a $130 million project that will enable it to handle the largest container ships.
Maritime
Forwarding
Seaspan Seeks 10 New 10,000-TEU Ships
Joseph Bonney | Feb 24, 2011, 10:12 AM EST
Container shipowner Seaspan said it is negotiating to order up to 10 new ships that would carry up to 10,000 20-foot equivalent units each and have “an innovative design that focuses on improving load
Maritime
Container lines
Forwarding
UASC Plans HQ Move as ILA Organizes
Joseph Bonney | Feb 24, 2011, 9:07 AM EST
United Arab Shipping Co. plans to move its U.S.
Maritime
Container lines
Forwarding
UPS Expands LCL Ocean Freight Throughout Asia
Thomas L. Gallagher | Feb 23, 2011, 4:33 PM EST
UPS is expanding its Preferred LCL Ocean Freight Service to 10 additional Asian ports, thus taking on a bigger role as NVO.
Maritime
Forwarding
Libyan Ports Closed by Violence
Peter T. Leach | Feb 23, 2011, 1:50 PM EST
All Libyan ports and terminals have been temporarily closed amid violence in the North African country, CMA CGM said on Wednesday.
Maritime
Container lines
Forwarding
OOCL Joins CMA CGM’s India-Europe Loop
Peter T. Leach | Feb 23, 2011, 11:51 AM EST
OOCL is joining CMA CGM’s India-Pakistan-Europe service as of April 1.
Maritime
Container lines
Forwarding
Japan, Mexico Sign Revised Trade Agreement
Hisane Masaki | Feb 23, 2011, 11:18 AM EST
Japan and Mexico reached terms on which to revise their free trade agreement to further liberalize bilateral trade.
Transport, Trade and Regulation News
Forwarding
Japan Sees First Trade Deficit in 22 Months
Hisane Masaki | Feb 23, 2011, 11:03 AM EST
Japan posted its first trade deficit in 22 months in January as the cost of oil drove up imports.
Transport, Trade and Regulation News
Forwarding
CMA CGM Hikes India-Europe Rates
JOC Staff | Feb 23, 2011, 10:48 AM EST
French carrier CMA CGM will seek a general rate increase on the westbound trades from India to Europe, as part of what it calls a new rate restoration program.
Maritime
Container lines
Forwarding
APM Terminals Boosts Profit 60 Percent in 2010
Bruce Barnard | Feb 23, 2011, 10:37 AM EST
APM Terminals boosted earnings 60 percent in 2010 from the previous year as profit from the disposal of a stake in China's Yantian terminal outweighed the loss of global market share.
Maritime
Forwarding
Trans-Pacific Spot Index Drops 6 Percent
Joseph Bonney | Feb 23, 2011, 9:57 AM EST
Spot rates on a key trans-Pacific container route dipped 6 percent this week, their second consecutive weekly decline since the Lunar New Year, amid signs of market instability, Drewry Shipping Consul
Maritime
Forwarding
Asia Carriers Launch South American Loop
Peter T. Leach | Feb 23, 2011, 9:46 AM EST
Four Asian carriers plan to launch all-water bi-weekly service from Asia to the East Coast of South America, adding capacity on the trade route they already serve with a weekly service.
Maritime
Container lines
Forwarding
A.P. Moller-Maersk Books Record $5 Billion Profit
Bruce Barnard | Feb 23, 2011, 9:36 AM EST
A.P.
Maritime
Container lines
Forwarding
Hamburg Sud Christens Large Container Ship
JOC Staff | Feb 22, 2011, 4:06 PM EST
German ocean carrier Hamburg Sud on Monday christened the Santa Isabel, the second of 10 sister ships, each with a capacity of 7,100 20-foot containers.
Maritime
Container lines
Forwarding
New Zealand Quake Shuts Lyttelton Port
Bruce Barnard | Feb 22, 2011, 12:33 PM EST
New Zealand's Lyttelton port closed after a 6.4 magnitude earthquake hit Christchurch, the nation's second largest city.
Maritime
Forwarding
Vancouver, Canadian Pacific Agree on Performance Plan
John D. Boyd | Feb 22, 2011, 12:24 PM EST
Port Metro Vancouver and Canadian Pacific Railway unveiled a "collaboration agreement" they say should improve productivity and reliability in moving goods through that major Canadian trade flow gatew
Rail News
Forwarding
North-American rail
CMA CGM Gets Into the People Cargo Business
Peter T. Leach | Feb 22, 2011, 11:40 AM EST
CMA CGM is handling a new cargo on its giant container ships—people.
Maritime
Container lines
Forwarding
Hamburg Sud, CCNI Connect Vancouver-Le Havre
Peter T. Leach | Feb 22, 2011, 10:14 AM EST
Hamburg Sud and Chilean ocean carrier CCNI started direct service between the West Coast of North America and Le Havre on Feb.
Maritime
Container lines
Forwarding
CSAV, China Shipping Add All-Water Route
Joseph Bonney | Feb 22, 2011, 9:42 AM EST
CSAV and China Shipping plan to add a shared all-water service linking Asia and the U.S. East Coast via the Panama Canal.
Maritime
Container lines
Forwarding
Ship Lines Face Overcapacity, SeaAxis Reports
Joseph Bonney | Feb 22, 2011, 9:33 AM EST
Container shipping lines remain threatened by overcapacity that will peak soon before diminishing later this year as trade volume rises, Paris-based SeaAxis said in its quarterly report on container s
Maritime
Container lines
Forwarding
Port Tracker Forecasts Slowing Europe Volume
Peter T. Leach | Feb 22, 2011, 9:17 AM EST
Container volume at all European ports will grow at moderate rates this year, though slower than in 2010, according to the latest forecast by Global Port Tracker: North Europe Trade Outlook.
Maritime
Forwarding
Maersk Buys 10 Super-Sized Container Ships
Bruce Barnard | Feb 21, 2011, 9:31 AM EST
London – Maersk Line formally announced a $1.9 billion order for 10 container ships with 18,000 TEUs on Monday, setting a new standard for scale in the shipping industry, and said it’s lik
Maritime
Container lines
Forwarding
French Ports in the Storm
Bruce Barnard | Feb 21, 2011, 12:00 AM EST
It’s been a tough start to the year for global supply chain interests. Major winter storms throughout the U.S. have disrupted transportation.
Maritime
Forwarding
Norway's GTB Invest Acquires Two 13,100-TEU Ships
Bruce Barnard | Feb 18, 2011, 3:37 PM EST
Norway's GTB Invest purchased for $310 million two 13,100 20-foot equivalent unit vessels on order from Hyundai Heavy Industries, less than three months after taking delivery of its first box ship.
Maritime
Container lines
Forwarding
DP World Cochin Terminal Begins Operations
JOC Staff | Feb 18, 2011, 3:11 PM EST
The Vallarpadam International Container Transshipment Terminal in India’s Port of Cochin began commercial operations Friday, a week after it was officially inaugurated by terminal operator DP World.
Maritime
Forwarding
All In for All-Water
Peter T. Leach | Feb 18, 2011, 10:45 AM EST
When CSAV announced a new service to the U.S. East Coast through the Panama Canal last month, the Chilean carrier was promising more than containerized cargo.
Maritime
Forwarding
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