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Platts Containers Update
Russian highway toll increase lower than expected
Eugene Gerden, Russia Special Correspondent |
The lower level of increase makes it less likely that shippers will move volumes to Russian rail operators.
Trucking News
Transport, Trade and Regulation News
Productivity gains lift JNPT to record fiscal year
India Special Correspondent |
Container throughput at Jawaharlal Nehru Port Trust (JNPT) hit an all-time high in fiscal year 2016 to 2017.
International ports
Project cargo prospects brighten in India
JOC Staff Report |
India's growth potential elevates prospects for breakbulk and heavy-lift shipments.
Supply chain
Breakbulk News
Mississippi River container terminal faces steep climb
Joseph Bonney, Senior Editor |
“Our goal is to take cargo away from other gateways like LA-Long Beach and New York.”
North American ports
Trans-Pac spot rates pop on pre-alliance surge
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
West Coast spot rates reverse 10-week decline since Chinese New Year.
Container lines
Simplified carrier service contract rule takes effect May
Reynolds Hutchins, Associate Editor |
The original rulemaking announcement, however, did not include the new rule’s effective date.
Transport, Trade and Regulation News
Container lines
JNPT's rail push advances with new depot
Indian Special Correspondent |
The depot opens another intermodal link for the country’s dominantly industrialized northwestern hinterlands.
International ports
Weak rates pull China Cosco to $1.4 billion loss
Reynolds Hutchins, Associate Editor |
Soft demand, unsustainable pricing, and the wave of consolidation sweeping through the industry has left the near-term outlook uncertain, Cosco Shipping said.
Teamsters win wage hikes in US auto shipper contract
William B. Cassidy, Senior Editor, Trucking |
Auto demand may be 'leveling off,' but Teamsters win wage increases in five-year carhauler deal.
Truckload
Kobe unseats Yokohama as Japan's No. 2 port
Tomoo Yatsuhashi, Japan Special Correspondent |
Container traffic at the port of Kobe was the highest since 1995, when a devastating earthquake hit the port city.
International ports
CEVA Logistics, Anji expand China joint venture
Bruce Barnard, Special Correspondent |
CEVA Logistics and Anji, China’s largest automotive logistics provider, have agreed to renew and expand their joint venture partnership.
Logistics Technology News
China Merchant profit soars on strong volume growth
Turloch Mooney, Senior Editor, Global Ports |
CM Port Chairman Li Xiaopeng said container throughput in 2017 will likely break the 100-million-TEU barrier.
Marine terminals
Mexican rail agency faces early test with anti-competitive report
Hugh R. Morley, Senior Editor |
A Mexican government report alleging a lack of competition among the country’s top three rail operators may be the first test of a new railroad regulatory agency created last year.
International rail
Transport, Trade and Regulation News
Berard Transportation handles ‘anything big and heavy’
Joseph Bonney, Senior Editor |
Companies like Berard play a crucial role in project cargo transportation.
Supply chain
Breakbulk News
Brazilian beef ban eased as stranded shipments clog Santos
Rob Ward, Special Correspondent |
Hong Kong, China, Egypt, and Chile have modified their all-out ban of Brazilian beef exports to focus only on rejecting shipments from 21 packing plants.
Cool Cargo News
Shipping loans slam HSH Nordbank pretax profit
Bruce Barnard, Special Correspondent |
HSH Nordbank booked a loss provision of 2 billion euros for loans to its struggling shipping clients.
Transport, Trade and Regulation News
Maritime
UK ports seek exemption from EU port services regulation
Bruce Barnard, Special Correspondent |
The EU’s Port Services Regulation has finally come into force.
Transport, Trade and Regulation News
DP World Nhava Sheva taps new tech for truck gates
Special Indian Correspondent |
Technology aims to reduce wait times at India's busiest container gateway.
International ports
Drayage
Scope of carrier alliance changes comes into view
Greg Knowler, Senior Editor Europe |
In just two days, shippers will be dealing with a totally changed container shipping landscape as the global carriers roll out their new alliances.
Maritime
Container lines
Singamas: Carriers, lessors rushing to order containers
Greg Knowler, Senior Editor Europe |
Singamas has reported a full orderbook for the first quarter as carriers and container lessors try to avoid any shortages in boxes.
Maritime
Container lines
Marine terminals
LA-LB's handling of new alliances hinges on cooperation
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Fostering cooperation among supply-chain sectors is the main challenge LA-LB faces in handling the new alliances.
North American ports
VIDEO: Shipping industry must focus on mutual success
JOC Staff |
How can the shipping industry reach a model where everyone can succeed?
Container lines
Wal-Mart’s Mobile DC to build on Gulf’s Asia import gains
Joseph Bonney, Senior Editor |
World's largest retailer plans to build a $135 million import distribution center.
North American ports
Yang Ming losses doubled in 2016
Reynolds Hutchins, Associate Editor |
The report of deep losses comes as the Taiwanese government pressures the carrier to reform or face a considerable shakeup.
Container lines
Russia sets new rules for ocean carrier pricing
Eugene Gerden, Russia Special Correspondent |
The new rules underscore a recent trend of greater government scrutiny of the pricing practices of the world’s leading ocean carriers.
Transport, Trade and Regulation News
Container lines
Online freight platforms reap funds from digitalization drive
Greg Knowler, Senior Editor Europe |
Investor interest in digitalizing the logistics process continues to grow.
Logistics Technology News
Expansion key after Cosco Shipping Ports' profits tumble
Turloch Mooney, Senior Editor, Global Ports |
The company sees overseas expansion increasingly important in the wake of the launch of the new alliances.
Marine terminals
Freightos gets another $25M in funding
Hugh R. Morley, Senior Editor |
Most of the latest investment will be spent broadening the current focus on trans-Pacific routes to include other parts of the world.
Logistics Technology News
US shipper demand for velocity, visibility reshaping trucking
William B. Cassidy, Senior Editor, Trucking |
The largest US trucking companies now are owned by large logistics operators looking to provide end-to-end services for shippers.
Trucking News
LTL
Truck brokers
US exporters eye new CN ramp for truck savings
Reynolds Hutchins, Associate Editor |
Regional shippers can pay considerably less than having their goods trucked to the rail hub of Chicago.
North-American rail
US regulators clear 2M pact with HMM
Reynolds Hutchins, Associate Editor |
Although the 2M Alliance will launch April 1, the HMM agreement will go into effect as soon as March 30.
Transport, Trade and Regulation News
Bottom for multipurpose vessel rates spotted
Joseph Bonney, Senior Editor |
Supply and demand are moving in the right direction for MPV operators.
Breakbulk News
Ferromex owner to buy FEC in first US rail acquisition
Reynolds Hutchins, Associate Editor |
The acquisition, announced Tuesday, must still pass muster with regulators in the United States and Mexico.
International rail
Yokohama port to reward green ships
Tomoo Yatsuhashi, Japan Special Correspondent |
Ships calling Yokohama can stack various incentive schemes to get discounts of up to 100 percent on port dues.
Container lines
Scotland’s Greenock terminal eyes doubled traffic in five years
Bruce Barnard, Special Correspondent |
Greenock Ocean Terminal is deepest Scottish container terminal renowned around the world for its exports of Scotch whisky.
International ports
CMA CGM, PSA double capacity at Singapore terminal
Bruce Barnard, Special Correspondent |
CMA CGM said the terminal has achieved an average gross berth productivity of more than 160 moves per hour.
International ports
South Brazilian terminal invests as it bucks recession
Rob Ward, Brazil Special Correspondent |
New equipment at Tecon Rio Grande worth $40 million should help the south Brazilian port handle growing volume.
International ports
Adani Ports ratchets up efforts to grab JNPT cargo
India Special Correspondent |
Adani Ports and Special Economic Zone's first global conference was attended by representatives from cargo interests, freight forwarders, and manufacturers.
Marine terminals
New signs point to possible container shortage
Greg Knowler, Senior Editor Europe |
A decline in production numbers and China regulations on paint look set to limit the availability of containers, which could spell trouble when demand picks up in peak periods.
Maritime
Marine terminals
Russian terminal operators face record price-fixing fines
Eugene Gerden, Russia Special Correspondent |
The fine against each company could reach 9-10 billion rubles ($150-170 million).
Transport, Trade and Regulation News
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