International Freight Shipping

News relating to the import and export business, including customs, current economics and more.

Commentary

 
2012’s container shipping rally produced rising freight rates that brought liner operators back to profitability. But with the market at another ebb, liner companies collectively must keep a cool head and resist the temptation to engage in a price war that would jeopardize a sustainable recovery.

News & Analysis

 
24 May 2013
Direct Chassis Link, Maersk Line’s primary chassis provider, will contribute all of its chassis in the South Atlantic region to the Consolidated Chassis Management pool known as the South Atlantic Consolidated Chassis Pool, effective June 1.
Top China Ports Year-to-Date Growth Rate - January-April 2013. Source: Shanghai Shipping Exchange
 
24 May 2013
Shenzhen, China's second-biggest port in 2012 in volume terms, saw container throughput edge down year-over-year in April.
 
23 May 2013
Germany’s HSH Nordbank, the world’s biggest ship financier, warned the crisis in the shipping market could deepen through 2014, as it announced sharply lower net income and more than tripled loan loss provisions.
 
21 May 2013
Navios Maritime Holdings today reported a net loss of $10.2 million in the first quarter of 2013, plummeting from a net profit of $9.5 million in the first quarter of 2012.
Bunker Fuel Prices - Rotterdam. Source: Bunkervision via LQM Petroleum Services, Inc
 
20 May 2013
Spot prices dropped for both high and low sulfur bunker fuel in Rotterdam in the week of May 17, according to daily Bunkervision price data via international marine fuel oil broker LQM Petroleum Services Inc.
 
15 May 2013
Wilson Sons reported net income in the first quarter of 2013 totaled $19.5 million, jumping 169.7 percent from $7.2 million in the first quarter of 2012.
 
14 May 2013
New regulations for the non-tank vessel response plans will be discussed at the 2013 National Maritime Salvage Conference, taking place from Sept. 9-12 at the Key Bridge Marriott Hotel in Arlington, Va.
 
13 May 2013
Gati Ltd. has sold a 40 percent stake in its shipping subsidiary, Gati Ship Pvt. Ltd., to a strategic partner for Rs. 8 crore (about $1.5 million).
Bunker Fuel Prices - Rotterdam. Source: Bunkervision via LQM Petroleum Services, Inc
 
13 May 2013
Spot rates for low sulfur bunker fuel jumped 4.4 percent in the week of May 10, according to daily Bunkervision price data via international marine fuel oil broker LQM Petroleum Services Inc.
 
09 May 2013
Japanese ocean carrier Mitsui O.S.K. Lines announced plans to launch an India-Southeast Asia roll-on, roll-off service, later this month.