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Platts Containers Update
Brazilian shoe exports on the march
Rob Ward, Brazil Special Correspondent |
The number and value of shoes Brazil exports around the globe rose in the first eight months of the year.
Container lines
Next wave of liner consolidation seen in three to four years
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
The container shipping industry hit bottom in 2016 and is poised to experience three to four years of relative stability before going through another round of consolidation.
Container lines
Hanjin vows to resolve ongoing crisis
Xiaolin Zeng, Special Correspondent |
Hanjin Shipping has said it regrets the bottlenecks and complications that have arisen from its bankruptcy and promised to resolve these issues as soon as possible.
Container lines
HK regulator wants five-year block exemption for liner shipping
Greg Knowler, Senior Editor Europe |
The proposed block exemption for liner shipping in Hong Kong is off for public consultation.
International ports
Container lines
Hanjin Shipping liquidation likely, experts say
Greg Miller, Special Correspondent |
Shipping restructuring specialists believe that Hanjin Shipping will ultimately be liquidated, not rehabilitated.
Container lines
US LTL trucking firms push for fall rate hikes
William B. Cassidy, Senior Editor, Trucking |
Many of the largest less-than-truckload carriers are seeking increases in non-contract rates despite the weak freight market.
LTL
Others could follow Hanjin before container shipping rebound
Hugh R. Morley, Senior Editor |
Container shipping overcapacity that pushed Hanjin Shipping into bankruptcy protection will likely claim another container line before the market rebounds.
Container lines
New Orleans latest port to finance cleaner trucks
Joseph Bonney, Senior Editor |
New Orleans has become the latest US port to launch a program to help drayage truck owners finance replacement of older vehicles with newer, less-polluting models.
Drayage
Three lines’ trans-Pacific service adds Oakland call
Joseph Bonney, Senior Editor |
The port says the new service could boost traffic by 30,000 TEUs per year.
North American ports
Gwangyang port works through Hanjin backlog
Xiaolin Zeng, Special Correspondent |
The South Korean port of Gwangyang is doing all it can to ensure that cargo handling continues as smoothly as possible in the chaos that Hanjin Shipping’s fall into bankruptcy spawned.
International ports
RoadOne builds denser Northeast US drayage network
William B. Cassidy, Senior Editor, Trucking |
Acquisition of C&V Trucking adds drivers, terminal in Southern New England, and helps carrier optimize network for hour-of-service compliance.
Drayage
DB Cargo inks second Asia-Europe rail contract in a month
Bruce Barnard, Special Correspondent |
DB Cargo's second contract to move cargo between Germany and China rail this month underscores the rising popularity of this niche market competing against the dominant Asia-Europe sea route.
Logistics Technology News
Rail News
International rail
Salalah container traffic soars as mega-ship calls rise
Bruce Barnard, Special Correspondent |
Container traffic at the port of Salalah, operated by APM Terminals, surged in the first half of the year.
Hapag-Lloyd CEO: Container shipping set to recover in one to two years
Turloch Mooney, Senior Editor, Global Ports |
The container shipping industry is approaching an improved business environment as a range of factors that support a better supply and demand equilibrium start to take hold, said CEO of Hapag-Lloyd.
Maritime
Charleston to ramp up investment to handle New Panamax ships
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
The Port of Charleston and the state of South Carolina over the next decade will spend a combined $2.2 billion to handle New Panamax ships.
North American ports
Marine terminals
India's top port accelerates drive to smooth drayage
India Special Correspondent |
India’s top port is continuing to work intensely to improve productivity after a tumultuous 2015.
International ports
Drayage
Market rumors keep 'K' Line takeover talk in the headlines
Xiaolin Zeng |
Rumors that an investment fund will take over Japan's No. 3 carrier abound.
Container lines
Fear of arrest by shipowner keeps Hanjin ship adrift off Melbourne
Xiaolin Zeng |
Hanjin ship stuck off Melbourne over fears its owner will seize the vessel.
Container lines
GLP expands US footprint with $1.1B logistics portfolio takeover
Greg Knowler, Senior Editor Europe |
Logistics property developer makes $1.1 billion acquisition of US portfolio.
Industrial Real Estate News
Second Hanjin ship to call US port
JOC Staff |
The second of four Hanjin Shipping vessels stuck off the US West Coast has been given permission to berth at the Port of Los Angeles.
Container lines
North American ports
Fears raised shippers could be on the hook for Hanjin bankruptcy costs
JOC Staff |
Hanjin Shipping’s dire financial state under bankruptcy protection has raised questions on whether the South Korean line or its creditors may try to force shippers to pay for not delivering the number of containers that were contracted.
Container lines
Logistics tech firm project44 gets cash, plans expansion
William Cassidy |
A $10.5 million infusion will help LTL-focused tech startup expand services and grow internationally.
Logistics Technology News
Trucking News
New inland port to feed Charleston finalized
Reynolds Hutchins, Associate Editor |
The new Inland Port Dillon will build on the momentum of South Carolina's first inland operation in Greer.
North American ports
Intermodal providers
Amid low growth market, US truckload carrier CRST acquires
William B. Cassidy, Senior Editor, Trucking |
Acquiring California-based Gardner Trucking will add more than $400 million to CRST's annual revenue while adding new services and markets.
Truckload
Former CMA CGM exec joins Georgia Ports as COO
JOC Staff |
The former chief operating officer of CMA CGM America will head operations at the Georgia Ports Authority.
North American ports
Tension between shippers and carriers over invoice accuracy rising
Hugh R. Morley, Senior Editor |
One veteran auditor estimated that shipping invoice errors cost the typical shipper $50,000 to $150,000 a year.
Container lines
Terminal operators change course in stormy market
Bruce Barnard, Special Correspondent |
Global container terminal operators are changing their strategies in response to a “perfect storm” that is squeezing their profit margins.
Marine terminals
Congress' watchdog: Ex-cons could be working at US ports
John Gallagher, Special Correspondent |
Lax oversight by regulators has made it possible that maritime workers with criminal backgrounds are working at US ports.
Transport, Trade and Regulation News
North American ports
Some NVOs saw Hanjin collapse months before bankruptcy filing
JOC Staff |
Non-vessel-operating common carriers as an industry saw signs of the Hanjin Shipping collapse months before the South Korean container line filed for bankruptcy Aug. 31.
Container lines
Hanjin Group approves spending to rescue stuck cargo
Xiaolin Zeng, Special Correspondent |
The board of Korean Air Lines has approved spending that will allow the Hanjin Group to help deliver Hanjin Shipping cargo stuck on ships and in ports around the world.
Container lines
India expands policy to speed imports to exports
India Special Correspondent |
India is rolling out more trade-facilitating measures to speed up cargo flows and ease congestion at major ports.
Transport, Trade and Regulation News
Europe’s transportation market undergoing transformation
Bruce Barnard, Special Correspondent |
Maersk Group, owner of the world’s largest container shipping company, could turn the industry upside-down with a strategic review that has European and global transportation interests buzzing about a possible breakup of the Danish conglomerate.
Maritime
Hanjin ship call at Long Beach lifts US importer hopes
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
The Hanjin Greece early Saturday morning called the Total Terminals International, in which the South Korean container line has a majority share.
Container lines
US trucking regulations pose a challenge to intermodal sector, too
JOC Staff Report |
Pending US trucking regulations may play a significant role in market share of trucking and intermodal industries.
Intermodal providers
Trucking News
Transport, Trade and Regulation News
Port of Houston studies electric-powered container shuttle
Joseph Bonney, Senior Editor |
The Port of Houston Authority is exploring the possible use of an innovative technology that would move containers to and from port terminals.
North American ports
US advisory groups wants carriers, ports, and terminals to share data
Reynolds Hutchins, Associate Editor |
Groups like the Advisory Committee on Supply Chain Competitiveness have found a place in the spotlight in recent months as the US government has shown a keener interest in port productivity.
Transport, Trade and Regulation News
North American ports
US truckload carrier Swift sees uptick in volume, not rates
JOC Staff |
Largest US truckload carrier sees increase in demand from contract customers, but rates still down 1 to 1.5 percent.
Truckload
US court moves stranded Hanjin containers closer to release
Hugh R. Morley, Senior Editor |
A federal judge on Friday extended the temporary order giving protection to Hanjin Shipping vessels to prevent their seizure in at least four US ports.
Container lines
Flat Trans-Pacific spot rate after Hanjin surge suggests space available
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Spot freight rates from Asia to the United States held after a surge last week, but the failure to rise further this week suggests importers are finding space on other carriers.
Container lines
Hanjin says it has cash to pay for unloading US cargo
Hugh R. Morley, Senior Editor |
A South Korean bankruptcy court has approved the use of $10 million by Hanjin Shipping to unload four of its stranded ships in US waters, a US bankruptcy court in New Jersey heard Friday.
Container lines
North American ports
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