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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
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News & Analysis
Ocean carrier rate revision roundup for Sept. 5
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in September and October, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Forwarding
Air to ocean shift may be slowing as economy improves
JOC Staff |
A long-term shift from air to ocean freight by shippers looking to cut transport costs and willing to tolerate longer transit times may be slowing, according to recent comments from transportation executives.
Air Cargo Carriers News
Container lines
Forwarding
CTS: Volumes show gains from Asia to Europe, North America
JOC Team |
Container volumes from Asia to its key export destinations were up in July, anchored by growth to both Europe and North America.
Container lines
Forwarding
Global ports suffering from slower growth rates
Grace M. Lavigne, Associate Web Editor |
Due to lower trade volumes to and from emerging markets in Asia, ports around the world overall saw weak performance in the second quarter of 2014, according to the Shanghai International Shipping Institute.
International ports
Forwarding
Record August Suez Canal revenue suggests container tonnage gain
Mark Szakonyi, Executive Editor |
Monthly revenue at the Suez Canal hit a record $506 million in August, partly reflecting a surge of container volume in the last month.
Forwarding
Bunker fuel prices end slide
JOC Team |
After weeks of declining prices for both high and low sulfur bunker fuel, prices rebounded last week.
Forwarding
Air and ocean freight indicators stick in positive territory
Greg Knowler, Senior Europe Editor |
The second-quarter recovery that gave air and ocean cargo such a welcome boost looks set to continue its momentum well into the second half as the latest economic and freight indicators show some positive numbers.
Forwarding
Mexico’s auto manufacturing lifts North American ro-ro market
Alan M. Field |
North American vehicle production is on the rise amid strong demand for vehicles in the NAFTA countries and foreign markets.
Forwarding
New ro-ro ships conserving fuel, cutting costs
Alan M. Field |
NYK Line in May took delivery of the first post-Panamax car carrier built in Japan. Dubbed the Aries Leader, the new pure car carrier not only boasts a capacity of 7,000 vehicle units, but also a wide range of energy-saving technologies not found on other such vessels.
Container lines
Forwarding
ILWU threat to holiday season shipments diminishes
Peter Tirschwell |
Despite the lack of a new West Coast labor contract two months after the expiration of the last agreement, the threat of work stoppages to peak-season merchandise is rapidly receding, according to a retail industry consultant.
Longshore labor
Maritime
Forwarding
Ocean carrier rate revision roundup for Aug. 29
Grace M. Lavigne, Associate Web Editor |
Several container lines have planned general rate increases in trade lanes in the next two months, but any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
Forwarding
Ex-APL executive Sappio joins container lessor
JOC Staff |
Robert Sappio, former longtime executive at APL, has been named chief operating officer at SeaCube Container Leasing.
Container lines
Forwarding
Container-leasing business falters on weak selling prices
Greg Knowler, Senior Europe Editor |
The container sale and leasing business is not benefiting from rebounding trade volumes on major east-west routes as low rental yields and falling prices in a lacklustre shipping environment put the squeeze on the global market leaders.
Forwarding
Cost of shipping a container from India double that of China, report says
Dustin Braden |
Shipping a container from India can cost nearly double what it costs to ship the same container from China, according to a report from the Associated Chambers of Commerce and Industry of India.
Forwarding
Trucking News
US Southeast ports set to shift auto traffic into higher gear
Mark Szakonyi, Executive Editor |
Like a sparkling Ferrari on a showroom floor, the U.S. Southeast ports are sitting pretty when it comes to import and export automobile traffic growth.
Forwarding
Multiple US-bound ships delayed by Asian Gypsy Moth
JOC Team |
Tiny, dirt-like egg clusters are waylaying cargo at ports in the United States, delaying thousands of containers for days at a time.
Forwarding
No swift decision by US in 53-foot box subsidy probe, says CIMC
Greg Knowler, Senior Europe Editor |
The world’s largest container manufacturer, China International Marine Containers (CIMC), does not expect the U.S. government’s antidumping and countervailing duty investigation to be resolved before May next year.
Forwarding
Politics on the table at German-Russian port industry event
Grace M. Lavigne, Associate Web Editor |
German-Russian business ties were on full display at a reception in St. Petersburg hosted by the Port of Hamburg, where politics was a main theme of discussion.
International ports
Forwarding
Maritime sector cyberattack risk rising, IMB says
Grace M. Lavigne, Associate Web Editor |
The International Maritime Bureau said the threat of cyberattacks in the maritime sector has intensified in the past few months, as shipping and supply chains become the “next playground for hackers.”
Forwarding
US furniture imports saw growth in first half
Grace M. Lavigne, Associate Web Editor |
Containerized furniture imports into the United States saw growth in the first half of 2014, as a strong number of shipments in the second quarter offset weak volumes in the first quarter.
Forwarding
Gypsy moths force quarantine of container ships off LA-Long Beach
JOC Team |
At least two ships have been quarantined and all others coming from Asia to the United States will be heavily scrutinized as officials attempt to block an invasive species from making landfall in the U.S.
Forwarding
Ocean carrier rate revision roundup for Aug. 22
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in the coming months, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
Forwarding
US footwear imports plunged in first half
Grace M. Lavigne, Associate Web Editor |
Containerized footwear imports into the United States plummeted in the first half of 2014, although the industry is optimistic sales will pick up in the second half of the year.
Forwarding
Russia-bound ag cargo stuck on water as shippers adjust
JOC Team |
Thousands of containers of agricultural products heading to Russia are still on the water, in limbo until shippers can find new destinations for their goods.
Forwarding
Container shortage looms over peak-season predictions
Greg Knowler, Senior Europe Editor |
A good peak season will lead to a shortage of containers, with the inventory of new boxes standing at less than two months of the required levels, Singamas chairman Teo Siong Seng said in Hong Kong.
Forwarding
US subsidy investigation won’t hurt business, says Singamas head
Greg Knowler, Senior Europe Editor |
Singamas chairman Teo Siong Seng does not believe the antidumping and countervailing duty investigation the company is facing in the U.S. will have a lasting effect on its business.
Supply chain
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More capacity planned for Port Metro Vancouver
Bill Mongelluzzo, Senior Editor |
Port Metro Vancouver is receiving a modest windfall in container volume thanks to the uncertainties surrounding longshore contract negotiations on the U.S. West Coast, but it might have profited even more if its terminals had more capacity to handle diverted cargo. Projects are planned to expand its capacity substantially over the next 10 years.
International ports
Forwarding
Arctic passage for ships: Slow going
Joseph Bonney, Senior Editor |
The melting polar icecap is reheating ages-old dreams of cross-Arctic shortcuts for deep-draft ships sailing between the Atlantic and Pacific oceans. But logistics managers shouldn’t count on it happening next year — or even in the next decade.
Forwarding
Shift to big ships in full swing, Drewry says
JOC Team |
A shift from small container ships to fewer but larger ships could result in a decline in the number of vessels on the water this year, the first decrease in 20 years, Drewry Maritime Research said.
Forwarding
Bunker prices decline across the board
JOC Team |
Nine straight weeks of steady declines in pricing of low-sulfur bunker fuel have brought the price per metric ton down to the lowest levels in more than three years.
Transport, Trade, and Regulation News
Forwarding
Ocean carrier rate revision roundup for Aug. 18
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in August, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
Forwarding
Weekly wrap-up: Widespread impact of US West Coast labor talks
Harry G. Butler, Senior Editor, Digital |
Diversions related to the ongoing negotiations on the U.S. West Coast between the International Longshore and Warehouse Union and the Pacific Maritime Association continue to have an impact elsewhere.
Forwarding
US auto parts imports strong in first half
JOC Team |
Containerized auto parts imports into the United States continued to trend upwards in the first half of 2014, in a market that has seen growth of over 10 percent in the past two years.
Container lines
Forwarding
US East Coast arrival delays, berth times grew in June-July
JOC Team |
The top four ports on the U.S. East Coast saw delays in both arrivals and berth times in June, partially because of a surge in traffic from cargo diversions to East Coast during peak season.
Forwarding
Drewry: Container ship reefer capacity up, specialized fleet down through 2018
Grace M. Lavigne, Associate Web Editor |
Refrigerated capacity in the container ship fleet is expected to surge around 22 percent through 2018, at the expense of a declining specialized reefer fleet, according to Drewry’s latest Reefer Shipping Market Annual Review & Forecast.
Forwarding
Cool Cargo News
Crane technology to limit terminals’ ability to handle mega-ships
Peter T. Leach, Editor-at-Large |
Container terminals in gateway ports around the world, already suffering from congestion caused by mega-ships, may not be able to keep up with their ever-increasing size because of limits on crane technology and the lack of yard space.
Port News
Forwarding
Lengthy delays for mega-ships at ports in Americas
JOC Team |
Nearly half of all post-Panamax ships saw delays of 12 hours or more at North and South American ports in July, according to a new study released by CargoSmart.
Forwarding
August US container imports could set record
JOC Team |
U.S. container imports could hit an all-time record in August, as July data shows container numbers soared year-over-year, according to the National Retail Federation.
Forwarding
North American ports
Construction begins on new Suez Canal channel
JOC Team |
Within days of it being officially announced, work on a second channel of the Suez Canal has apparently already begun and, according to Egyptian authorities, will be completed within a year.
Forwarding
Wilh. Wilhelmsen posts lower profit despite cargo growth
Bruce Barnard, Special Correspondent |
Wilh. Wilhelmsen ASA, the world’s largest deep-sea roll-on, roll-off carrier, posted a 30 percent decline in second-quarter profit as one-off charges offset a double-digit increase in cargo volume.
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