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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Suez disruption shows resilience of ocean transportation network
Lars Jensen, CEO & Partner, SeaIntelligence Consulting, and JOC analyst |
Among the misconceptions raised by the Suez incident is that it has shown the fragility of the global ocean transportation network; nothing could be further from the truth, says JOC analyst Lars Jensen.
Forwarding
Newest 2M Asia-US East Coast service aims for fast transits: Maersk
JOC Staff |
Maersk said its new service to US Southeast ports will add faster transits from Asia and serves the rapidly growing Vietnam export market.
Forwarding
New container prices surge to record highs amid five-month order backlog
Keith Wallis, Special Correspondent |
The average price for a 20-foot dry container is up around 50 percent since last year, and a backlog of orders means those buying new boxes now will have to wait until August for delivery.
Forwarding
With Ever Given freed, Suez backlog to clear through week: carriers
Michael Angell, Associate Editor |
Salvors reported that Suez Canal transits can resume after the Ever Given has been successfully dislodged and is towed away for inspection.
Forwarding
Suez blockage morphs into crisis for Europe’s supply chain
Michael Angell, Associate Editor |
Ocean carriers are beginning to divert ships and shippers face further delays if weekend efforts to refloat the Ever Given don’t work.
Forwarding
Texas freeze could halve US Q2 resin exports
Michael Angell, Associate Editor |
US resin exports are expected to see a sharp drop in the second quarter as Gulf Coast producers restart after severe February weather disrupted operations.
Forwarding
TPM21: Shippers hunger for near-term progress on decarb goals
Eric Johnson, Senior Technology Editor |
Decarbonization goals at global shippers is pushing the industry toward more granular scrutiny of supply chain-related emissions, a task that’s being helped by emergent technology and a focus on shipper collaboration.
Forwarding
Container lines
Logistics Technology News
Transport, Trade, and Regulation News
COVID-19 disruption boosts Indian LCL cargo demand
Bency Mathew, Special India Correspondent |
Maersk believes the growth in Indian LCL trade is more pronounced among retailers for their sourcing from China and domestic automakers scrambling to secure spare parts to meet resurgent vehicle demand.
Forwarding
Extended CNY could provide some supply chain respite
Keith Wallis, Special Correspondent |
An executive at a Hong Kong-based freight forwarder expected blank sailing schedules to be finalized in early January, although he said the number of blank sailings would depend on the return of empty boxes to China.
Forwarding
Container lines maxing out capacity to meet US import surge
Michael Angell, Special Correspondent |
Three large container lines say most of their available capacity is in use as demand in the US rises, but shippers still fret about finding space on a ship.
Forwarding
Market shifts freight rate dynamics for shippers
Lars Jensen, CEO & Partner, SeaIntelligence Consulting |
Analyzing data from a 52-week rolling window to eliminate seasonality, we are now at a point where the spot rate is more likely to increase than to decrease from one week to the next, a change that means an entirely different dynamic for shippers.
Forwarding
Baltic Exchange begins publishing Freightos rate index
Eric Johnson, Senior Technology Editor |
More than a year and a half after establishing a 40-foot container rate index on 12 global trades, the Baltic Exchange has started offering its daily Freightos Baltic Index as a benchmark for freight buyers.
Forwarding
South Asia infrastructure to slow production shift from China
Hugh R. Morley, Senior Editor |
While the imposition of tariffs on Chinese imports into the US has prompted some shippers to shift production to South Asia instead, the logistical and transportation shortcomings of the region are likely to limit growth in cargo headed for the United States.
Forwarding
Mexico’s modest peak season hints to slower import gains
Hugh R. Morley, Senior Editor |
Mexican shippers are finding this year’s peak season less disruptive to their supply chains than last year and are experiencing less difficulty getting cargo from the ports, as cargo volumes have grown only slightly and ocean carrier rates have stayed in the same range as in 2018.
Forwarding
Zim swings to profit on higher rates, 2M pact
Hugh R. Morley, Senior Editor |
Zim’s broadening partnership with the 2M Alliance helped the Israeli carrier record a profit in the second quarter of 2019 and an increase in freight rates for the quarter over the same period in 2018.
Forwarding
Panama Canal maintains 44-foot draft limit
Hugh R. Morley, Senior Editor |
The shallow drafts pushed up spot rates on cargo from Asia, although it’s unclear how much was due to reduced loading capacity and how much was used by carrier representatives as simply justification to seek higher rates.
Forwarding
International ports
More than cost drives shipper haulage strategies
William B. Cassidy, Senior Editor |
As Amazon-era demands for speed are multiplying, time is as important a consideration as cost for BCOs weighing merchant and carrier container haulage.
Forwarding
Trucking News
For shipping: Visibility via data trumps blockchain
Peter Tirschwell |
While blockchain hasn't happened yet in shipping, it remains for many an inchoate concept.
Forwarding
New Bangladesh customs process to speed cargo
Bangladesh Special Correspondent |
The Bangladesh government is introducing pre-arrival processing of import documents at ports in July.
Forwarding
Slideshow: NVO rankings and state of trans-Pacific market
JOC Team |
Non-vessel-operating common carriers have come to the rescue of beneficial cargo owners seeking better service guarantees and lower rates from ocean carriers they have contracted with for Asian imports.
Forwarding
Wallenius Wilhelmsen to retrofit 20 ships with scrubbers
Janet Nodar, Senior Editor, Breakbulk and Heavy Lift |
Under the International Maritime Organization's rule, starting in 2020, ships will only be allowed to emit 0.5 percent sulfur, down from the currently acceptable level of 3.5 percent.
Forwarding
Transport, Trade, and Regulation News
Maersk becomes sixth carrier to join NYSHEX
Hugh R. Morley, Senior Editor |
Exchange participants hope the New York Shipping Exchange will increase visibility and certainty for shippers, which they argue will result in a better end-to-end experience for its customers.
Forwarding
US imports forecast to rocket in February
Joseph Bonney, Senior Editor |
On a percentage basis, 2017 was one of the strongest increases registered since the end of the Great Recession.
Forwarding
North American ports
Intra-Asia outlook: Even more competition
Greg Knowler, Senior Europe Editor |
A key, new container shipping partnership will commence operations in 2018's first quarter, and it will affect the intra-Asia supply-demand equation.
Forwarding
FMC proposes privately funded portal to fight port congestion
Hugh R. Morley, Senior Editor |
“If we can harmonize the behavior of the actors in our supply chain and stop working at cross purposes, it will boost American economic growth and competitiveness.”
Forwarding
FMC green lights carrier positions on NYSHEX board
Hugh R. Morley, Senior Editor |
Four shipping carriers will help steer the New York Shipping Exchange.
Forwarding
Logistics Technology News
Lost and stolen containers trackable via database
Hugh R. Morley, Senior Editor |
New features in the nonprofit database of global container information will help identify containers that have changed hands, been stolen, or are tied up in bankruptcy court.
Forwarding
Record monthly US imports forecast for August
Hugh R. Morley, Senior Editor |
US containerized imports are forecast to reach the highest-ever monthly total in August.
Forwarding
Maritime
North American ports
Cyber attack highlights maritime security limitations
Peter Tirschwell |
What is a customer to do to protect its supply chain?
Logistics Technology News
Forwarding
Proliferation of shipping data raises questions of ownership
Lara L. Sowinski |
Access to real-time data is extremely useful to carriers, BCOs, and others, but a consensus has yet to emerge on who owns the data.
Forwarding
Logistics Technology News
Cool Cargo News
Project cargo shippers, carriers pin hopes on Ex-Im Bank
Joseph Bonney, Senior Editor |
Project shippers and carriers hope the Export-Import Bank of the United States, a political football for years, can get off the sidelines soon.
Forwarding
Breakbulk News
Transport, Trade, and Regulation News
Year after SOLAS rule, doubts over VGM accuracy linger
Hugh R. Morley, Senior Editor |
A year after the implementation of the Safety of Life at Sea (SOLAS) requirement, the once hot-button fears about the regulation have disappeared, but doubts on the accuracy of declarations linger.
Forwarding
Transport, Trade, and Regulation News
Mammoet lifts big pieces for Sasol plant in Louisiana
Joseph Bonney, Senior Editor |
Heavy-lift specialist Mammoet has completed the lifting and positioning of the two largest units of an $8 billion Sasol ethane cracker and related plants that will add to exports of polyethylene resins from the US Gulf region.
Forwarding
Breakbulk News
DFDS profit up 10 percent on sea freight growth
Bruce Barnard, Special Correspondent |
DFDS’s first-quarter earnings increased more than 10 percent on rising sea freight volume on its North European roll-on, roll-off routes.
Forwarding
Car carriers face headwinds as capacity expands
Joseph Bonney, Senior Editor |
Growth in car carrier ship capacity is balanced by uneven demand for vehicles and high-and-heavy cargoes.
Forwarding
Overall ro-ro shipping market basking in glow of growth
Bruce Barnard |
Rising cargo volumes deliver increasing profits despite the fragile economic situation in the European market.
Forwarding
Breakbulk News
Ro/ro cargo
Wan Hai bucks industry trend with 2016 profit
JOC Staff |
Wan Hai Lines bucked the industry trend of deep 2016 losses, posting a profit for the year, albeit a far smaller gain than in 2015.
Container lines
Forwarding
MSC vessel blaze highlights mega-ship risks
Hugh R. Morley, Senior Editor |
Forwarding
Container lines
NYSHEX gets $8.5M ahead of launch
Hugh R. Morley, Senior Editor |
Cargo booking exchange platform secures funding of $8.5 million from GE and Goldman Sachs, among others.
Container lines
Forwarding
Logistics Technology News
Carriers urged to drill down on costs and tech amid grim outlook
Hugh R. Morley, Senior Editor |
The undeniably grim outlook for global container lines in 2017 nevertheless could brighten.
Container lines
Forwarding
Logistics Technology News
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