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Platts Containers Update
Storm halts port work as it moves up East Coast
JOC Staff |
Tropical Storm Hermine on Friday affected port operations from Jacksonville, Florida, to Charleston, South Carolina.
North American ports
Container lines
CMA CGM slumps into the red as it integrates APL
Bruce Barnard, Special Correspondent |
CMA CGM swung to a second-quarter net loss due to “persistently” low freight rates.
Container lines
US trucking firms hiring workers at faster pace
William B. Cassidy, Senior Editor |
US trucking companies kept their hiring engines firing in August.
Trucking labor
LTL
China Merchants Ports profit plunges despite double-digit volume gains
Turloch Mooney, Senior Editor, Global Ports |
China Merchants Ports Holdings reported a decline in net profit for the first half of the year despite double-digit growth in throughput.
Marine terminals
Danaos details exposure to Hanjin bankruptcy
Bruce Barnard, Special Correspondent |
Danaos has revealed how much of its revenue was related to Korea’s ailing Hanjin Shipping.
Container lines
NY-NJ port completes 50-foot channel project
JOC Staff |
The US Army Corps of Engineers and the Port Authority of New York and New Jersey have completed work for a depth of 50 feet.
North American ports
Container lines
Port infrastructure
Indian major ports largely unaffected by general strike
India Special Correspondent |
The immediate impact of a 24-hour nationwide strike underway Friday in India reportedly has been less severe than previously feared on the nation’s transport systems.
Longshore labor
Claims against Hanjin flood in as customers seek their cargo
Greg Knowler, Senior Editor Europe |
The focus of the Hanjin Shipping fallout has shifted into the legal arena.
Container lines
Asia-Europe spot rates rocket after Hanjin collapse
Greg Knowler, Senior Editor Europe |
As widely expected, the Asia-Europe spot rate rose sharply this week with Hanjin's 100-ship fleet basically removed from the market overnight.
Container lines
HMM deploys ships to pick up stranded Hanjin cargo
Xiaolin Zeng |
HMM has stepped in to plug the hole left by Hanjin vessels that are being refused entry to ports, delaying cargo delivery.
Container lines
US truck driver turnover rate drops amid slack demand
William B. Cassidy, Senior Editor |
With freight volumes and rates down, truckload drivers stuck closer to their employers, American Trucking Associations data show.
Trucking labor
LTL
US marine terminals take varied approach to Hanjin fallout
JOC Staff |
The stark reality that Hanjin can’t be counted on to pay any of the expenses normally billed to a carrier has led to a variety of approaches and ideas at US container terminals.
Marine terminals
North American ports
Trans-Pacific inbound spot rates soar on Hanjin collapse
JOC Staff |
Trans-Pacific inbound container rates are soaring in the aftermath of this week’s collapse of Hanjin Shipping.
Container lines
FMC to US shippers: Report unreasonable practices tied to Hanjin bankruptcy
Bill Mongelluzzo, Senior Editor |
US maritime regulators are urging shippers to report any unreasonable increases in cost or decreases in service tied to the bankruptcy of Hanjin Shipping.
Container lines
US South Atlantic ports curtail operations as storm approaches
Joseph Bonney, Senior Editor |
Tropical Storm Hermine expected to cross Florida, head up US East Coast.
North American ports
Hanjin bankruptcy preventing empty containers from moving to Asia from US
William B. Cassidy, Senior Editor |
The Hanjin Shipping bankruptcy isn’t just delaying containerized freight shipments, it’s stranding empty containers.
Container lines
Marine terminals
North American railroads give mixed message on Hanjin response
Reynolds Hutchins, Associate Editor |
North American railroads are sending mixed messages to shippers coping with the fallout of the recent Hanjin Shipping line collapse.
North-American rail
DB Cargo, BMW agreement latest boost to China-Europe rail
Bruce Barnard, Special Correspondent |
DB Cargo and BMW have signed a multi-year contract in another sign of shippers’ attraction to China-Europe containerized rail.
International rail
US truckers, chassis providers struggle with Hanjin chaos
Joseph Bonney, Senior Editor |
Hanjin Shipping’s collapse has left US motor carriers and intermodal equipment providers scrambling to limit their financial exposure and wondering what to do.
Truckload
Drayage
HMM to deploy ships to gather up Hanjin cargo
Xiaolin Zeng, Special Correspondent |
Hyundai Merchant Marine plans to help shield South Korean shippers and its logistics sectors from the repercussions of Hanjin Shipping entering receivership.
Container lines
CMA CGM assures customers over Hanjin collapse
Bruce Barnard, Special Correspondent |
CMA CGM has drawn up a contingency plan to protect customers from any fallout from the collapse of Hanjin Shipping.
Container lines
India logistics firms upbeat after down quarter
India Special Correspondent |
India’s leading logistics service providers are optimistic that the market will rebound over the course of the year.
Logistics Technology News
Shippers paying to free stranded Hanjin containers
Greg Knowler, Senior Editor Europe |
Shippers woke Thursday to a nightmare scenario.
Container lines
Korea regulator urges HMM to pick through Hanjin assets
Xiaolin Zeng |
A merger between Hanjin and HMM now seems to have the backing of the state.
Container lines
NYSA: Decision favoring waterfront commission won’t have major hiring impact
Joseph Bonney, Senior Editor |
NYSA says case "was not about fair hiring practices."
Longshore labor
Acqusition boosts CH Robinson reach into Australia, New Zealand
JOC Staff |
Melbourne-based company gives C.H. Robinson Worldwide a direct presence in Australia and New Zealand.
Logistics Technology News
Hanjin cargo idled until cargo handlers get paid
JOC Staff |
Some North American marine terminals have refused to work Hanjin Shipping vessels for fear they will not be compensated.
Container lines
GE Transportation buys ShipXpress in bid for rail shippers
William B. Cassidy, Senior Editor |
The locomotive manufacturer extends its reach beyond railroads to shippers by buying cloud-based supply chain software firm.
North-American rail
DP World looks to expand in India for accelerated growth
India Special Correspondent |
DP World is shoring up its position as the largest private terminal operator in India.
Marine terminals
'K' Line opens Indian joint venture for logistics expansion
India Special Correspondent |
Japanese shipping group "K" Line has set up a joint venture with India’s J.M. Baxi Group.
APM Terminals to invest in new berth at NY-NJ port
Bruce Barnard, Special Correspondent |
APM Terminals is to invest millions in a new berth at its Port Elizabeth terminal in the Port of New York and New Jersey.
Marine terminals
Rickmers-Linie: No breakbulk/project recovery this year
JOC Staff |
Multipurpose carrier's average rates per ton fall 20 percent amid industry-wide overcapacity.
Breakbulk News
Hanjin unraveling as US import rates set to soar
JOC Staff |
Sharp spot rate increases could take effect as soon as Thursday.
Container lines
CI Capital Partners plans logistics, transport acquisitions
William B. Cassidy, Senior Editor |
With transportation veteran Mark Yeager now a senior adviser, private equity firm looks for a "platform" company as a base for expansion in logistics.
Trucking News
Idle fleet rising as Panamax unemployment hits record
Bruce Barnard, Special Correspondent |
The idle container ship fleet remains above 1 million 20-foot-equivalent units and is still rising.
Container lines
Indian unions reject government's appeal to drop Friday strike
India Special Correspondent |
Indian trade unions are going ahead with a strike planned for Friday despite government concessions.
Transport, Trade and Regulation News
International rail
Hanjin Shipping will enter receivership after bank support lost
Xiaolin Zeng, east Asia correspondent |
Debt-stricken Hanjin Shipping will file for court protection after losing the support of its banks unhappy with its restructuring efforts.
Container lines
Hanjin collapse would ripple through container shipping industry
Greg Knowler, Senior Editor Europe |
Few things spook shippers more than the potential for a ship to be arrested in port, something Hanjin has reportedly faced and may see more of as creditors come collecting.
Container lines
Hanjin-HMM merger in national interest, say Korean shipowners
Xiaolin Zeng |
A merger of Hanjin and HMM is in the national interest, believes the Korea Shipowners Association.
Container lines
Shippers, truckers tap mobile app for LA-LB port congestion updates
Bill Mongelluzzo, Senior Editor |
Drayage companies in Los Angeles-Long Beach are using a mobile app that allows them to manage truck dispatching and avoid trouble spots in a real-time environment.
Drayage
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