Carriers on the trans-Pacific have unveiled a bold new pricing approach to the 2015-16 contract season that will establish minimum rate levels and improve the bunker fuel cost recovery mechanism.
Nearly 300 shippers, port authorities and transportation groups are urging the U.S. Congress to follow through with its plan to send more money collected via harbor maintenance taxes back to ports.
While congestion continues to plague ports in North America and northern Europe, a number of other incidents are popping up that are also likely to negatively impact the global schedule reliability of ocean carriers.
Chinese President Xi Jingping on Friday invited the strong Spanish construction sector to help build a planned freight line connecting eastern China and Spain.
A Hapag-Lloyd vessel dropped three containers into the Suez Canal on Monday morning after colliding with a Maersk Line vessel, interrupting a southbound convoy through the Egyptian waterway.
Busan Port handled 1.5 million 20-foot containers in August, its throughput growing 5.5 percent year-over-year on the back of strong transhipment volumes.
The Australian docker work stoppage planned for DP World terminals in Sydney and Melbourne this week could extend to the company’s terminals in Brisbane and Freemantle, but not to other stevedores in the country.
Heavy investment in India by global car companies in the hope that the fast-growing market would soon rival China are faltering as car sales fall and the depreciating rupee pushes up costs, but the big brand carmakers such as Volkswagen, Ford and Renault-Nissan are now looking outwards.
Maersk Line-related stories dominated on JOC.com this past week. The No. 1 container carrier again made news with more 2M developments, plans for new ship orders and comments from its CEO.
Hamburg Sud subsidiary Alianca Navegacao e Logistica has expanded its coverage of the east coast of South America by adding two new vessels into its Brazilian cabotage and Mercosur Gran Cabotage services.
United Arab Shipping Co. expects that as mega-alliances increasingly consolidate the container shipping market, freight rates will stabilize, which could be bad news for shippers.
Ryder System is expanding its inland distribution network in Mexico, starting with a transloading center for Chrysler at the Gulf Coast Port of Altamira.