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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
US court rejects appeal by ro-ro shippers in antitrust case
Joseph Bonney, Senior Editor |
Vehicle buyers and dealers sought treble damages.
Forwarding
Wilhelmsen, Wallenius merger moves closer to completion
Bruce Barnard, Special Correspondent |
Wilhelmsen and Wallenius on Thursday signed an agreement to merge the Norwegian and Swedish companies’ joint investments in Wallenius Wilhelmsen Logistics, EUKOR Car Carriers, and American Roll-on Roll-off Carrier.
Forwarding
US container imports forecast to make year-end surge
Hugh R. Morley, Senior Editor |
<p>US containerized importers will turn up the heat in the last two months of 2016. </p>
Forwarding
North American ports
Backers see first offshore US wind farm as stepping stone
Joseph Bonney, Senior Editor |
Deepwater Wind’s $300 million, 30 MW project three miles off Block Island, Rhode Island, is small compared with big onshore and offshore projects at other locations, but it’s seen as a breakthrough for the US market.
Breakbulk News
Forwarding
Gantry cranes mean big business for heavy-lift carriers
Joseph Bonney, Senior Editor |
<p>Deliveries of ship-to-shore container gantry cranes, which are transported by specialized heavy-lift vessels, rose slightly in 2015.</p>
Breakbulk News
Forwarding
Marine terminals
Global spat over steel trade could shift supply patterns
Joseph Bonney, Senior Editor |
Steel is the world’s most important industrial material and has direct and indirect impact on breakbulk volumes.
Breakbulk News
Forwarding
Maersk's strategy review spurs negative credit agency watch
Bruce Barnard, Special Correspondent |
Maersk's container shipping business is facing freight rate volatility and downward pressure on primary and secondary routes
Forwarding
Roll-on, roll-off shipping weathers economic storm
Bruce Barnard, Special Correspondent |
The roll-on, roll-off shipping market is relatively upbeat after emerging surprisingly unscathed from a year of tough economic and geopolitical challenges. The outlook for pure car carriers, however, is looking less optimistic against a backdrop of rising supply and subdued demand for automobiles.
Forwarding
Container weight compliance to boost costs for shippers
Peter T. Leach, Editor-at-Large |
Shippers will have to pay more to ship their products around the world when the International Maritime Organization’s new container weight verification requirements take effect on July 1.
Forwarding
Container lines
Mega-ships bring mega-risks, former ship captains tell TPM
William B. Cassidy, Senior Editor |
The loss of a mega-ship could "rewrite the law of general average," costing more than $1 billion, former container ship captain and maritime risk expert Andrew Kinsey said at the 16th annual TPM Conference. Captain Michael Lloyd warned losses such as the sinking of the MOL Comfort could become more common.
Container lines
Forwarding
Breakbulk carriers waiting for rebound in weak demand
Peter T. Leach, Editor-at-Large |
Like a mirror image of the ocean container shipping industry, the shipping lines that operate the multipurpose ships that carry breakbulk and project cargoes are suffering from overcapacity, lack of global demand and low freight rates. And like the container fleet, multipurpose ships are getting ever bigger.
Forwarding
For shippers, carrier linkups bring mystery and angst
Peter T. Leach, Editor-at-Large |
With two and possibly three mergers or acquisitions among container lines scheduled to occur this year, beneficial cargo owners are wondering how their supply chains will be impacted.
Container lines
Forwarding
Container ship charter gloom spreads
Michael Hollman, Special Correspondent |
Charter rates are dropping fast for post-Panamax ships because of low demand, with rates for some midsize vessels dropping to 2013 levels.
Forwarding
Global TV shipments, US imports drop, IHS data show
William B. Cassidy, Senior Editor |
A year-over-year drop in worldwide TV shipments underscores the link between shifts in global currency values, consumer sentiment and shipping volumes.
Forwarding
Maritime
Panama Canal repairs won't impact opening, but El Nino threat remains
John Gallagher, Special Correspondent |
Panama Canal officials have said it will take one month to repair leaks discovered in locks for the Pacific side, but warned El Nino is a bigger threat to the canal’s operations.
Forwarding
US Southeast ports rev up competition for growing auto traffic
Reynolds Hutchins, Associate Editor |
As U.S. auto sales surge, U.S. Southeast port are shifting into high gear to win that highly profitable roll-on, roll-off cargo.
Forwarding
Maersk towage unit Svitzer seeks growth in Middle East, Africa, Asia
Bruce Barnard, Special Correspondent |
Svitzer unveiled a new growth strategy targeting the Middle East, Africa and Asia as the Maersk group’s towage unit moves to lessen its dependence on the mature and over-supplied European and Australian markets.
Forwarding
Box ships transit expanded Suez in first trial run
Bruce Barnard, Special Correspondent |
Three container ships sailed through the “new” Suez Canal over the weekend in the first trial run of a second shipping lane alongside the existing waterway ahead of the official opening next month.
Forwarding
Panama Canal is on track to open its expanded locks in April
Peter T. Leach, Editor-at-Large |
The new locks at the Pacific end of the Panama Canal began to fill with water in late June in preparation for months of testing of their new gates before they open to commercial traffic next April.
Forwarding
Shippers told to prepare for global container weight verification rule
JOC Staff |
In exactly one year new global regulations requiring every packed container have a verified container weight will go into effect, and shippers need to be prepared, an industry trade group warns.
Forwarding
New Panama locks to open in April, but at higher cost
Peter T. Leach, Editor-at-Large |
The new locks at the Pacific end of the Panama Canal began to fill with water this week in preparation for months of testing of their new gates before they open to commercial traffic in April 2016.
Forwarding
Milan-Charleston LCL service set to launch amid weak volume growth on trade
JOC Staff |
CaroTrans is launching a new weekly, direct less-than-container-load service from Milan to Charleston starting next month, amid weak westbound volume growth on the trade lane.
Logistics Technology News
Forwarding
Asia-Europe rates shed 80 percent in a year, SCFI data shows
Greg Knowler, Senior Europe Editor |
Asia-Europe freight rates are now 82 percent lower than at the same time last year, dropping by 15.6 percent this week to settle at the latest record low of $205 per 20-foot container, according to the latest reading of the Shanghai Containerised Freight Index.
Forwarding
Container lines
Expanded Suez Canal to open August 6
Bruce Barnard, Special Correspondent |
The “new” enlarged Suez Canal that will allow two-way transits for ships will open on schedule on August 6, according to the waterway authority.
Forwarding
Swire, Rickmers-Linie form India, Mideast partnership
JOC Staff |
Swire Shipping, the liner shipping division of China Navigation, is teaming up with Rickmers-Linie, the breakbulk and heavy-lift carrier, to enhance services in India and the Mideast.
Forwarding
Sanctions, oil price drop rattle Russian container shipping industry
Eugene Gerden, Special Correspondent |
ST PETERSBURG — Western sanctions and the fall in oil prices that devalued the rouble have devastated Russian container volume and sent shockwaves through the sectors dependent on the business. But there is some hope that fortunes will begin to improve in the coming months.
Forwarding
Airbus ships first components by sea to Mobile port
Joseph Bonney, Senior Editor |
Airbus is using multipurpose ships to transport large components from Hamburg, Germany, to Mobile, Alabama, for production of the European aircraft manufacturer’s first U.S.-built planes.
Forwarding
CaroTrans launches new US-Japan export service
JOC Staff |
CaroTrans is launching a new weekly less-than-container-load service between Southeastern U.S. and Japanese markets, cutting out transshipment and avoiding congestion at ports in Los Angeles and Busan.
Logistics Technology News
Forwarding
Car carrier operator to pay $800,000 in pollution case
Joseph Bonney, Senior Editor |
Car carrier operator AML Ship Management GmbH was sentenced to pay $800,000 in fines and community service payments for illegally discharging oily bilge water off the Alaskan coast and presenting false records to the U.S. Coast Guard.
Forwarding
US shippers’ forecast freight growth falls to near five-year low
Reynolds Hutchins, Associate Editor |
U.S. shippers’ expectations for freight growth has dropped to its lowest levels in nearly five years, according to a recent survey.
Transport, Trade, and Regulation News
LTL
Air Cargo
Forwarding
C.H. Robinson to accelerate global forwarding
William B. Cassidy, Senior Editor |
C.H. Robinson Worldwide is priming its $330 million Global Forwarding division for faster growth in 2015, naming Mike Short president and opening new offices in Asia and Europe.
Logistics Technology News
Forwarding
Truck brokers
CaroTrans to launch direct Montreal-Le Havre service
JOC Staff |
CaroTrans, a non-vessel-operating common carrier, will begin a weekly direct less-than-container load service from Montreal to Le Havre, France, on May 22.
Forwarding
China-US East Coast spot fall suggests West Coast diversions easing
JOC Staff |
Spot rates in the China-U.S. East Coast lane are falling back down to historical levels, a sign that vessel diversions driven by West Coast congestion may be easing.
Maritime
Container lines
Forwarding
European ro-ro carriers reverse fortunes on plunging oil prices
Bruce Barnard, Special Correspondent |
A year ago, the European roll-on, roll-off market was rife with fears of carrier bankruptcies, shotgun sales and shuttered operations. Then the unexpected happened: Oil prices plummeted, and those fears haven’t just been allayed, but ro-ro carriers are on the verge of a mini-boom.
Forwarding
Volume, spot rate rise show US East Coast diversions’ staying power
Reynolds Hutchins, Associate Editor |
Spot rates and volume from China to the U.S. East Coast continued to rise through March, signs that West Coast congestion is still driving cargo owners to other ports.
Maritime
Container lines
North American ports
Forwarding
Qatar-based company begins Nhava Sheva-Doha feeder service
JOC Staff |
Milaha Maritime and Logistics has kicked off a direct feeder link between Jawaharlal Nehru Port Trust (Nhava Sheva), India, and Doha, Qatar, a route that has seen significant gains in trade volumes in recent years.
Forwarding
Brazilian truckers end Santos blockades, but protests continue
Rob Ward, Special Correspondent |
After 10 days of "spontaneous" protests, many independent truck drivers in Brazil have agreed to government-inspired peace talks aimed at preventing the South American country from grinding to a halt.
Trucking labor
Forwarding
New Detroit-Canada bridge to cut congestion, add needed capacity
William B. Cassidy, Senior Editor |
The U.S. and Canada cleared a big hurdle to building a second span over the Detroit River, a critical crossing and sometime choke-point for cross-border trade.
Trucking News
Forwarding
North American ports
Container lines face looming threat as 2020 low-sulfur fuel cap is affirmed
Peter Tirschwell |
The shipping industry — container carriers included — should prepare for a low-sulfur fuel requirement to be imposed on schedule in 2020, a development industry leaders have said will result in carriers incurring tens of billions of dollars annually in higher fuel costs, with no clear mechanism for recovering those costs from customers.
Forwarding
Asia’s emerging markets top Agility logistics index
Greg Knowler, Senior Europe Editor |
Asian countries dominated the 2015 Agility Emerging Markets Logistics Index released today with four nations ranked in the top 10 emerging markets – China, Indonesia, India and Malaysia.
Supply chain
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