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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
German shipping banks may fail ECB stress tests
Bruce Barnard, Special Correspondent |
The world’s largest ship financiers, mostly German, could see their vessel assets, dominated by container ships, written down by up to 20 percent in the European Central Bank’s impending review of Eurozone banks’ resiliency.
Forwarding
Details of polar shipping code released by IMO
JOC Team |
Shipowners operating in the Arctic and the Antarctic caught a glimpse of the first set of international regulations on the trade today, the first full draft of laws aimed at reeling in the shipping's Wild West.
Forwarding
UPS to raise air, ground package, LTL freight rates 4.9 percent
William B. Cassidy, Senior Editor |
UPS will raise freight rates for air and ground packages, domestic and international shipments and less-than-truckload freight by 4.9 percent on average Dec. 29, the company said Monday.
Logistics Technology News
Forwarding
LTL
Trucking News
Air Cargo
New player enters US-Mexico short-sea market
JOC Staff |
Growing U.S.-Mexico trade has attracted a new player into the sparse short-sea market connecting the two countries, with a service aimed at the U.S. Southeast market for northbound cargo.
Container lines
Forwarding
US container imports, exports mixed in September
Grace M. Lavigne, Associate Web Editor |
U.S. imports of ocean containers reached a record high in September, as retailers expect a robust holiday season, but exports continued to decline from soft global demand, making 2014 so far the worst year for container exports in the past four years.
Container lines
Forwarding
Ocean carrier rate revision roundup for Oct. 17
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Forwarding
Orbcomm hopes to get chassis, containers talking
William B. Cassidy, Senior Editor |
Tracking chassis as they move around and through ports and railheads is the next step in building a more sophisticated, interconnected supply chain, telematics company Orbcomm says.
Logistics Technology News
Forwarding
Frequent sailing schedule changes challenge shippers
Grace M. Lavigne, Associate Web Editor |
From July through September, there were roughly 22.5 million global sailing schedule changes on more than 1.3 million schedules from 20 carriers, underscoring the challenges of shipment planning, according to a new report from CargoSmart.
Forwarding
Aussie regulator on a misleading crusade, rails head of Shipping Australia
Greg Knowler, Senior Europe Editor |
The war of words between Australia’s competition regulator and the container shipping industry continued today, with Shipping Australia CEO Rod Nairn branding Australian Competition and Consumer Commission chairman Rod Sims “naive,” “blind to the facts” and “on a crusade.”
Transport, Trade, and Regulation News
Forwarding
China issues new advanced manifest rule details
JOC Staff |
China Customs issued data field requirements for its forthcoming advanced manifest rule but still hasn’t announced an effective date, according to a Maersk Line advisory issued on Oct. 13
Forwarding
Weekly wrap-up: ILWU-PMA talks, 2M’s FMC approval and intermodal issues
Grace M. Lavigne, Associate Web Editor |
Events on the U.S. West Coast dominated on JOC.com this past week, as labor negotiations between the International Longshore and Warehouse Union and the Pacific Maritime Association could finally be heating up. Five of the Top 10 stories on JOC.com in the past week focused on the issue.
Longshore labor
Forwarding
Drayage
Ocean carrier rate revision roundup for Oct. 10
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Forwarding
Scant improvement in berth productivity on mega-ships
JOC Staff |
Berth productivity on ships of 10,000 TEUs and higher edged upward globally in the first half of 2014 versus the same period last year, but saw wide variation depending on the region, according to JOC Port Productivity data.
Marine terminals
Forwarding
Container shipping recovery depends on alliances, cost-cutting, Drewry says
Bruce Barnard, Special Correspondent |
The recovery in container shipping will be driven by the formation of new mega-alliances between carriers and further cuts in unit costs, rather than a rebalancing of supply and demand, according to Drewry Shipping Consultants.
Forwarding
CTS: Volumes up from Asia to Europe, North America
JOC Team |
Containerized exports from Asia to Europe and North America increased year-over-year in August, but spot rates in the Asia-to-Europe and North America trade lanes dropped, according to Container Trade Statistics.
Container lines
Forwarding
SeaIntel: WTO forecasts don’t reflect container trade growth
Grace M. Lavigne, Associate Web Editor |
Growth rate figures from the World Trade Organization appear to be an underestimation of growth in container volumes, and as a result, SeaIntel Maritime Analysis still expects global container demand growth to be 4 percent to 6 percent in 2014, despite downward revisions to WTO forecasts.
Forwarding
Weekly wrap-up: Ship collision, protests and port congestion
Grace M. Lavigne, Associate Web Editor |
“If it bleeds, it leads,” is a saying in the news industry that means bad news gets higher ratings than good news, and that rang true on JOC.com this past week.
Forwarding
International ports
Housing demand drives up US wooden furniture imports
Grace M. Lavigne, Associate Web Editor |
U.S. imports of wooden bedroom furniture by dollar value have increased for four consecutive quarters, driven by an ongoing recovery in the real estate market and falling national unemployment numbers...
Container lines
Forwarding
Nigeria aims to ease Lagos congestion by pushing use of other ports
JOC Team |
In an effort to ease congestion at the Lagos Port Complex, Nigeria is looking into ways to encourage shippers to use the country's underutilized eastern ports more.
Forwarding
Ocean carrier rate revision roundup for Oct. 3
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Forwarding
Drewry: Spot rates from Asia to Europe cut nearly in half
JOC Team |
Spot rates from Asia to northern Europe in 2014 are nearly half of what they were a year ago, according to the World Container Index.
Forwarding
Idle container ship fleet falls to three-year low
Bruce Barnard, Special Correspondent |
The idle container ship fleet has shrunk to a three-year low, driven by rising carrier demand for Panamax vessels of 3,000 TEUs to 5,100 TEUs capacity, according to Alphaliner.
Forwarding
Bunker prices edge up after summer plunge
JOC Team |
Bunker fuel prices in Rotterdam, a global indicator, held steady this week though the charge per metric ton is historically lower than in previous years.
Forwarding
Weekly wrap-up: Maersk news, carrier rankings and LA fire
Grace M. Lavigne, Associate Web Editor |
Maersk Line-related stories dominated on JOC.com this past week. The No. 1 container carrier again made news with more 2M developments, plans for new ship orders and comments from its CEO.
Forwarding
Alianca adding to South American coverage
Rob Ward, Special Correspondent |
Hamburg Sud subsidiary Alianca Navegacao e Logistica has expanded its coverage of the east coast of South America by adding two new vessels into its Brazilian cabotage and Mercosur Gran Cabotage services.
Forwarding
Ocean carrier rate revision roundup for Sept. 26
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in October, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Forwarding
China to delay implementation of advanced manifest rule
JOC Staff |
Forwarding
CBP releases national gypsy moth figures as carriers continue to battle pest
JOC Team |
Thirty nine ships have arrived at U.S. ports with the Asian Gypsy Moth on board, U.S. Customs and Border Protection told JOC.com, as shippers fear the voracious tree eater will continue to delay cargo.
Forwarding
Drewry: Specialized reefer ships down, not out
Joseph Bonney, Senior Editor |
Container lines will continue to expand their share of the refrigerated cargo market, but specialized reefer carriers can survive if they diversify and pick their niches carefully, Drewry Maritime Research says in its annual analysis of the reefer shipping market.
Forwarding
Cool Cargo News
Weekly wrap-up: Mega-alliances, LA-LB issues and trucking growth
Grace M. Lavigne, Associate Web Editor |
Issues at the Los Angeles-Long Beach were on JOC.com readers’ minds this week, along with mega-alliances and growth in the trucking industry.
Forwarding
Ocean carrier rate revision roundup for Sept. 19
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in October, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Forwarding
Egypt announces sell-out of Suez Canal certificates
JOC Team |
The sale of investment certificates for the Suez Canal expansion project has netted Egypt $8.5 billion to fund upgrades to one of the country’s largest and most lucrative economic ventures.
Forwarding
Correction: MSC announces low-sulfur surcharges in North Europe, North America
JOC Staff |
In the article titled “MSC announces low-sulfur surcharges in North Europe, North America,” published on Sept. 15, a reference to low-sulfur fuel of 0.1 percent being cheaper than 1.0 percent fuel was incorrect.
Forwarding
Dropping bunker fuel prices bode well for carriers
JOC Team |
Bunker prices have fallen to their lowest level in over a year after a three month slide, and oversupply may keep fuel costs for container lines relatively low throughout the end of the year.
Forwarding
MSC announces low-sulfur surcharges in North Europe, North America
Bruce Barnard, Special Correspondent |
Mediterranean Shipping Co. today unveiled surcharges of up to $165 per 20-foot container on North European and North American routes that will be subject to new low-sulfur limits in 2015.
Forwarding
Seven factors XPO’s Jacobs says drive logistics growth
William B. Cassidy, Senior Editor |
Fast-growing third-party logistics companies are tuning into and tapping broad trends driving logistics growth in the U.S. and globally, including increased cross-border trade and the expansion of intermodal rail. Here are seven trends picked by XPO Logistics CEO Bradley S. Jacobs.
Supply chain
Forwarding
International rail
Truck brokers
Ocean carrier rate revision roundup for Sept. 12
Grace M. Lavigne, Associate Web Editor |
Multiple container lines have planned general rate increases in numerous trade lanes in September and October...
Forwarding
Shippers, carriers say challenges will be overcome
Bill Mongelluzzo, Senior Editor |
Shippers and carriers are confident they will overcome the problems that plague their industry such as port congestion, equipment shortages and complexity in logistics...
Forwarding
North American ports
Marine terminals
Container lines look to LNG to fuel big ships
Joseph Bonney, Senior Editor |
Looming global requirements for low-sulfur fuel are prodding ocean carriers to consider liquefied natural gas to power container ships on long-haul international routes as well as regional feeder services.
Forwarding
Consolidation — the inevitable result of ever-larger ships, analyst predicts
Bill Mongelluzzo, Senior Editor |
Container lines in coming years will continue to order larger ships and switch membership in vessel-sharing alliances in a desperate game of survival...
Container lines
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