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Sr. VP of Strategy – A prominent thought-leader in maritime transportation with more than 20 years as a journalist and business leader at The Journal of Commerce. His coverage of international trade and transportation is informed by his extensive contacts and regular networking throughout the industry. Following Peter’s Blog and daily Twitter posts, will provide you with his insight on the industry’s most important trends.
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Apr 20, 2012 4:36PM GMTThe quote below is from the opening statement of a new five-year strategic plan adapted on April 19 by the commissioners of the Port of Los Angeles. It is telling: “The Port’s container business accounts for more than 80 percent of its revenue and provides thousands of jobs in the...
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Dec 5, 2011 9:55PM GMTI have speculated in recent weeks about the possibility the container industry will see consolidation in 2012. This is based on the idea that Maersk will ultimately succeed in persuading smaller carriers that it’s better to get out of Asia-Europe if they can’t keep up, that is, by...
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Dec 2, 2011 8:25PM GMTIt’s a reporter’s worst nightmare, or close to it. You file a story, it gets published in print and events overtake it that makes you as the writer look like an ignoramus. Such is the case with my JOC column scheduled for next week’s edition but already out in electronic form. The...
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Nov 15, 2011 3:05PM GMTThe disconnect between carriers’ unwillingness to withdraw Asia-Europe capacity and the need to do so to put a floor under rates and perhaps even raise them, remains as wide as ever. “Maersk Line’s Michael Blach: “We don't have any plans for idling ships,” tweeted...
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Nov 11, 2011 6:19PM GMTFor the first time in a number of years we’re hearing serious talk about major container line mergers. It makes sense given the environment, in which Asia-Europe rates continue to plunge with no sign of carriers willing to pull capacity to stem or halt the decline the way they’re doing...
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Nov 9, 2011 10:11PM GMTA quick digest of my Journal of Commerce column this week: Capacity is being pulled from the trans-Pacific but not Asia Europe. While there is some disagreement, it seems most likely that Asia-Europe capacity will not be pulled, in part because the big carriers won’t be willing to lead the...
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Nov 8, 2011 4:47PM GMTI spoke yesterday with Rolf Habben-Jansen, the CEO of Damco, the A.P. Moller Maersk Group-owned global forwarder and third-party logistics operator. He gave a terrific speech at our TPM Asia event in Shenzhen in October and I was following up with him about something he said at the conference,...
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Oct 27, 2011 4:49PM GMTCanadians have shot back in response to the Federal Maritime Commission’s notice of inquiry on the role the Harbor Maintenance Tax has on U.S.-bound cargo increasingly moving through Canadian ports. They are saying the issue isn’t Canadian ports trying to unfairly take advantage of the...
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Oct 26, 2011 7:22PM GMTI’ve been getting a lot of questions recently about the impact on East Coast ports that may not be fully “ready” for the Panama Canal to expand in 2014. For example, New York-New Jersey is signaling that it won’t be able to raise the Bayonne Bridge until 2016, while the...
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Oct 20, 2011 4:34PM GMTIn his speech on October 11 at our 5th annual TPM Asia event in Shenzhen, Alphaliner’s Hua Joo Tan took square aim at the most obvious explanation as to why the largest container lines are rushing to build ultra large container ships (those greater than 10,000 20-foot equivalent container...
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Oct 6, 2011 4:55PM GMTCanada is reacting with fury to yesterday’s action by the Federal Maritime Commission to launch a probe into the impact of so-called “diversions” of U.S.- bound container cargo through Canadian ports. The issue is that the ports of Vancouver and Prince Rupert handle a growing...
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Oct 5, 2011 1:44PM GMTThose who ship goods by container have barely been impacted by piracy off East Africa. Container ships have high freeboard and despite slow-steaming by carriers to save on fuel, they operate faster than the tankers and bulkers, making them more difficult targets for pirates. That’s the good...
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Peter Tirschwell
It seems to be common knowledge among carriers that the market could turn dramatically in their favor by 2014 due to dearth of ship orders
May 23, 2012 4:12PM GMT