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Platts Containers Update
VIDEO: Container shipping's choppy sailing ahead
JOC Staff |
Attendees at the JOC's 17th Annual TPM Conference were anxious about what to expect in 2017.
Container lines
US Congress pressured to encourage alliance emergency funds
Reynolds Hutchins, Associate Editor |
FMC Commissioner Daniel Maffei said he was “disappointed” to learn this week that the 2M and Ocean alliances had decided to forgo emergency funds to protect cargo.
Transport, Trade and Regulation News
Container lines
Spanish dockworkers call off remaining strikes
Bruce Barnard, Special Correspondent |
The strikes would have involved dockworkers stopping work every other hour.
Longshore labor
Container lines
'K' Line: Carriers must control 5 percent of market or consolidate
Turloch Mooney, Senior Editor, Global Ports |
"After five years we will probably see new alliances, and smaller capacity carriers may lose out.”
JNPT's DP World terminal cuts fees for speedy import handling
India Special Correspondent |
The company told JOC.com that its terminals would be charging for only one “shift move” instead of two moves previously.
Marine terminals
India pursues integrated transport policy to cut logistics costs
India Special Correspondent |
India wants to switch from a point-to-point transportation system to a hub-and-spoke model.
Transport, Trade and Regulation News
International rail
Lufthansa Cargo swings to 2016 loss
Bruce Barnard, Special Correspondent |
Lufthansa Cargo sank into the red in 2016.
Air Cargo Carriers News
Capacity from new alliances to pressure Asia-Europe rates
Greg Knowler, Senior Editor Europe |
The new alliances start operating in two weeks, and the additional capacity they will inject into Asia-Europe could see the return of rate volatility.
Container lines
Matchback tools are plentiful, but are they enough?
Reynolds Hutchins, Associate Editor |
It’s unclear whether the private sector has what it takes to make sensitive matchback solutions sustainable.
Rail News
Marine terminals
Santos gained market share despite volume dip
Rob Ward, Brazil Special Correspondent |
The gains came despite draft restrictions and strikes by customs officers and stevedores.
International ports
LTL carriers pave way to growth in changing market
William B. Cassidy, Senior Editor, Trucking |
Shippers are likely to see LTL rates and fuel surcharges rise in 2017.
LTL
Investors keen on freight technology but discerning
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Venture capital money is available to fund freight technology startups, if the fit is right.
Logistics Technology News
Dedicated trucking a ray of light after tough 2016
William B. Cassidy, Senior Editor, Trucking |
The largest US truckload carriers made the best of a bad year in 2016.
Truckload
Freight delays linger as US Northeast digs out from storm
William B. Cassidy, Senior Editor, Trucking |
Although ports may reopen Wednesday, in parts of the US Northeast, over-the-road freight transport remains frozen.
LTL
Slideshow: Shipping insights heard at TPM
JOC Staff |
JOC’s 17th Annual TPM Conference was bursting with sharp insights on where the industry is headed and on ways to break the cycle of overcapacity, less-than-spectacular service, and unsustainable rates.
Container lines
Transport, Trade and Regulation News
Drayage
NYK exec: Consolidation yet to benefit container shipping
Turloch Mooney, Senior Editor, Global Ports |
Miyamoto said she expects the recent improvement in rate sentiment will transfer to some extent to long-term shipping contracts.
Container lines
Maersk, Hamburg Sud deal advances toward closing
Bruce Barnard, Special Correspondent |
The European Union’s competition authority is due to decide by March 27 whether to clear the acquisition.
Container lines
Cathay delivers worst annual result since 2008
Greg Knowler, Senior Editor Europe |
Fierce competition and overcapacity in 2016 led to Cathay Pacific recording its worst annual result in eight years.
Air Cargo Carriers News
Forwarders question Europe-Asia surcharge as capacity dries up
Greg Knowler, Senior Editor Europe |
Forwarders are not happy with a recovery surcharge being levied by some carriers on Europe-Asia shipments as they battle to find space on the backhaul trade.
Maritime
Container lines
Maersk: 2M Alliance will forgo emergency fund
Reynolds Hutchins, Associate Editor |
“Maersk Line has no plans to implement a trust fund to further safeguard cargo.”
Container lines
NY-NJ port to reopen Wednesday
Hugh R. Morley, Senior Editor |
The Port of NY-NJ is opening first thing Wednesday after it took a smaller than expected storm pummeling
North American ports
THE Alliance to add trans-Pac service to Wilmington
Reynolds Hutchins, Associate Editor |
The EC2 service will be the port’s sixth direct service and second trans-Pacific service via the Panama Canal.
North American ports
Clipper Steel adds second ship to Mobile-Tampico shuttle
JOC Staff |
The additional ship is the Clipper Marlene.
Breakbulk News
Half of new trans-Pac port pairs promise faster transits
Mark Szakonyi, Executive Editor |
The faster transits that the 2M, Ocean, and THE alliances are promising BCOs open a new front in an already intensely competitive landscape.
Container lines
Maritime
Vancouver truck appointment evolution shows challenges for US ports
Mark Szakonyi, Executive Editor |
The evolution of the Port of Vancouver's truck appointment system highlights the delicate walk ahead for US ports.
Drayage
EU poised to reimpose air cargo cartel fines
Bruce Barnard, Special Correspondent |
The fines could total $850 million.
Transport, Trade and Regulation News
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
MOL: More consolidation needed for supply-demand balance
Turloch Mooney, Senior Editor, Global Ports |
More industry consolidation can be expected before the market finds a healthy balance in supply and demand.
Container lines
Wan Hai adds east India loop to tap transshipment
India Special Correspondent |
Wan Hai Lines is focusing on new growth areas in India.
International ports
Accounting report backs PierPass pricing methodology
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Industry acceptance of the KPMG report is yet to be determined because key stakeholders have not had time to thoroughly analyze the report's conclusions.
Drayage
IATA chief: Air cargo not meeting service expectation
Greg Knowler, Senior Editor Europe |
Air cargo needs to modernize and improve its service levels to meet customer expectations, according to IATA's chief executive.
Air Cargo
Air Cargo Carriers News
Tight Europe-Asia space driven by alliance preparation
Greg Knowler, Senior Editor Europe |
The tight space on ships out of North Europe ports is not because of supply and demand, according to a container shipping analyst.
Maritime
Container lines
Northeast US ports hunker down for blizzard
Hugh R. Morley, Senior Editor |
The storm is expected to dump between one and two feet of snow on the Middle Atlantic and Northeast United States.
Marine terminals
OOIL: Ocean Alliance’s stability doesn’t require emergency fund
Reynolds Hutchins, Associate Editor |
“In the Ocean Alliance, customers look at the four players and are generally aware of their financial sustainability. We don’t have an emergency fund, largely because we don’t think we need to have one.”
Container lines
As market heats up, Roadrunner merges refrigerated carriers
William B. Cassidy, Senior Editor, Trucking |
Adding density by merging separate refrigerated subsidiaries gave Roadrunner market leverage.
Truckload
Cool Cargo News
Clarksons profit down, but bullish on shipping outlook
Bruce Barnard, Special Correspondent |
The world’s largest shipbroker said it’s well positioned to cash in on improving shipping markets.
Container lines
Ocean7 Projects, Ikonships merge MPV fleets
JOC Staff |
Ikonship’s six ships will join Ocean7’s fleet in a combined operation.
Breakbulk News
Spliethoff Group orders six ships
Michael Hollmann, Special Correspondent |
The ships have been dubbed as the R-Class.
Breakbulk carriers
Antwerp adds rail service to German hinterland
Bruce Barnard, Special Correspondent |
The port of Antwerp has gained a new rail service to Germany.
International rail
HSH Nordbank refuses Rickmers Maritime restructuring
Bruce Barnard, Special Correspondent |
The local branch of the German bank said it would support an “orderly winding-up” of the trust.
Container lines
UK forwarders and customs team up to monitor Brexit
Greg Knowler, Senior Editor Europe |
The joint customs consultative committee think tank includes industry representatives most impacted by Brexit.
Transport, Trade and Regulation News
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