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Platts Containers Update
Hitachi Transport System starts fiscal year strong
Tomoo Yatsuhashi, Japan Special Correspondent |
Group net profit soared 45 percent year over year.
Logistics Technology News
Air France-KLM cargo turnaround on track
Bruce Barnard, Special Correspondent |
The Franco-Dutch carrier transported 286,000 tonnes (315,261 tons).
Air Cargo Carriers News
IAG cargo, revenues grow
Bruce Barnard, Special Correspondent |
First-half traffic grew 1.2 percent to 330,000 tonnes.
Air Cargo Carriers News
Crowley introduces door-to-door parcel service to Cuba
JOC Staff |
Crowley Maritime operates three monthly sailings with 16-hour transits to Mariel, Cuba, from Port Everglades, Florida.
Container lines
Chicago drayage drivers’ unpaid tolls cost shippers
Reynolds Hutchins, Associate Editor |
Shippers are shouldering the cost of a sudden and often unexplained increase in unpaid tolls racked up by independent drayage drivers.
Truckload
Rail News
Drayage
Mexican truckers plead for crackdown on cargo theft surge
Hugh R. Morley, Senior Editor |
Mexican trucking companies are urging lawmakers to stiffen penalties against cargo robberies.
Truckload
Transport, Trade and Regulation News
Gulf resin exports face heavy-container surcharge
Joseph Bonney, Senior Editor |
Surcharge comes as ports, carriers prepare for surge in synthetic resin exports.
Container lines
New ways to reduce container booking no-shows emerge
Hugh R. Morley, Senior Editor |
At its heart, the container shipping system is driven by uncertainty, hurting shippers and carriers alike.
Logistics Technology News
Maritime
Container lines
Panama Canal wins back traffic lost to Suez Canal
Bruce Barnard, Special Correspondent |
The opening of the new locks in June 2016 shifted the competitive advantage back to the Panama Canal.
International ports
Container lines
EU outlaws tax breaks for Belgian, French ports
Bruce Barnard, Special Correspondent |
The EU’s executive said it is also assessing tax breaks for other ports in the 28-nation bloc.
Transport, Trade and Regulation News
Portland asking hard questions on future in containers
Bill Mongelluzzo, Senior Editor |
Portland will have a better idea of the types of container business it can attract back to the port by year-end.
North American ports
Maritime
Container lines
Storms disrupt Mundra intermodal rail services
India Special Correspondent |
The disruption at Mundra is the latest weather-related complication for Indian shippers.
International rail
Finnlines' run of record profits continues
Bruce Barnard, Special Correspondent |
Finnlines posted the best first-half results in its history.
Container lines
Crowley beats XPO for $2.3B defense contract
Joseph Bonney, Senior Editor |
The DOD’s US Transportation Command (Transcom) confirmed the contract this week.
Container lines
Ocean Alliance leads pack in Asia import gains on US trades
Bill Mongelluzzo, Senior Editor |
Carriers large and small battle for market share and profits in the Pacific.
Container lines
APMT Mumbai regaining speed after monsoon fury
India Special Correspondent |
APMT Mumbai is the largest facility in Jawaharlal Nehru Port Trust.
Marine terminals
CMA CGM seals deal for Cameroon’s Kribi port
Bruce Barnard, Special Correspondent |
“The latest dock and gantry cranes will be put into service in the coming weeks so that operations can start rapidly.”
Marine terminals
Sri Lanka OKs controversial China Merchants Port deal
Turloch Mooney, Senior Editor, Global Ports |
China Merchants Port Holdings also owns and operates Colombo International Container Terminal.
International ports
Costamare eyes deals as income dips
Bruce Barnard, Special Correspondent |
Costamare’s earnings slipped in the second quarter.
Container lines
Bolloré expands in Persian Gulf via Saudi joint venture
India Special Correspondent |
“This collaboration will intensify Bolloré Logistics' development in the Middle East.”
Logistics Technology News
Breakbulk News
‘K’ Line sells SAL Heavy Lift to Combi Lift owner
JOC Staff |
Harren & Partner are aiming for “light-touch” integration with SAL Heavy Lift.
Breakbulk carriers
NY-NJ port considers projects to expedite cargo
Hugh R. Morley, Senior Editor |
The projects would allow shipments to avoid routes that are routinely highly congested, and can take hours to complete on a bad day.
North American ports
No slowdown in strong air cargo demand, June figures show
Greg Knowler, Senior Editor Europe |
Air cargo growth for Asian carriers in June continued its robust growth on the back of solid international trade.
Air Cargo
Air Cargo Carriers News
Cosco resumes Shanghai trading after 10-week suspension
Greg Knowler, Senior Editor Europe |
Shares of Cosco Shipping have finally begun trading again in Shanghai after being suspended since May.
Maritime
Container lines
JB Hunt’s acquisition bulks up e-commerce ‘middle mile’ reach
Reynolds Hutchins, Associate Editor |
J.B. Hunt’s first acquisition in recent memory is neither in the first nor final-mile logistics space.
Intermodal providers
Samskip aims to acquire Nor Lines after Eimskip rebuffed
Dustin Braden, Shipper Relationship Manager |
The move would build upon Samskip’s penetration of the shipping market between Norway and Northern Europe in recent years.
Container lines
East-west spot rate gains forecast to drive carriers to $5 billion profit
Bill Mongelluzzo, Senior Editor |
After six consecutive years of losses, the shipping industry headed for return to profits this year and next.
Container lines
Werner expects higher truckload contract rates
Dustin Braden, Shipper Relationship Manager |
“We expect contractual rates to begin to improve over the next few quarters.”
Truckload
Mundra, Pipavav ports gain new rail services
India Special Correspondent |
Starting Aug. 1, three time-definite train runs a week will be introduced linking inland locations to Mundra and Pipavav.
International rail
Intermodal providers
Russian shippers fear higher rates after terminal operator legal win
Eugene Gerden, Russia Special Correspondent |
The Moscow Arbitration Court found the FAS’ evidence in the case against NCSP unconvincing.
Transport, Trade and Regulation News
Improvisation key to humanitarian aid shipments
Joseph Bonney, Senior Editor |
“We never know what’s going to show up,” said the president of Missionary Expediters.
Supply chain
Maritime
Container lines
Diana Containerships swings to profit
Bruce Barnard, Special Correspondent |
A debt write-off agreement helped Diana Containerships' second-quarter earnings.
Container lines
ICTSI bids to develop and operate Bissau port
Turloch Mooney, Senior Editor, Global Ports |
The Manila-listed mid-sized terminal operator was one of two companies competing to win the concession.
Transport, Trade and Regulation News
DP World traffic up double digits on new alliances
Bruce Barnard, Special Correspondent |
The flagship United Arab Emirates terminals boosted first half traffic by 4.3 percent to 7.7 million TEU.
Marine terminals
India issues RFQ for stalled Chabahar port development
India Special Correspondent |
The new process follows the cancellation of a previous tender that had only one pre-qualified bidder.
Transport, Trade and Regulation News
NY-NJ port importers flock to Lehigh Valley
Hugh R. Morley, Senior Editor |
US shippers are increasingly setting up warehouses and distribution centers in the Lehigh Valley, from which they are a 60- to 80-mile dray from the Port of New York and New Jersey.
Industrial Real Estate News
Rail News
Carriers call the shots in active charter market
Bruce Barnard, Special Correspondent |
The market remains very active despite the summer vacation period in the northern hemisphere.
Container lines
US soybean exports poised for rebound
Reynolds Hutchins, Associate Editor |
US soybean exporters are bullish this year.
Logistics Technology News
Rotterdam port asks for support to match rivals’ subsidies
Bruce Barnard, Special Correspondent |
The authority said the Netherlands is the only country whose ports have been ordered by the European Union to pay corporation tax.
Transport, Trade and Regulation News
Deadly dock accident sparks wildcat JNPT trucker strike
India Special Correspondent |
Negotiations between JNPT officials and other stakeholders are said to be in progress to resolve the impasse.
Drayage
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