Name: JOC's Szakonyi Tours Panama Canal During Expansion Project (Video)
Uploaded: Jan 12, 2012, 9:58 AM EST

On the first day of a two-day Panama Canal tour, JOC Editor Mark Szakonyi checks out a Hamburg Sud container ship pass through the canal. The $5.25 billion expansion project, slated to be completed in 2014, will double the canal capacity while Panama aims to become a major Latin American logistics hub. [Editorial note: image removed/no longer available] Part Two: Szakonyi Tours Port of Colon, Free Trade Zone -- Contact Mark Szakonyi at mszakonyi@joc.com . Follow him on Twitter @Szakonyi_JOC

<div class="phx-topic abstract-wrapper"><p>Prices have more than doubled since the war started, and with fuel comprising almost 30% of operating expenses, the Hong Kong-based carrier has been forced to reduce capacity.</p></div>

Prices have more than doubled since the war started, and with fuel comprising almost 30% of operating expenses, the Hong Kong-based carrier has been forced to reduce capacity.

Feature image

Cathay Pacific cuts flights as soaring jet fuel prices hit operating costs

<div class="phx-topic abstract-wrapper"><p>While the ceasefire marks the first diplomatic shift in the 40-day conflict, it is being regarded by transport operators as more of a controlled easing rather than an operational reset. </p></div>

While the ceasefire marks the first diplomatic shift in the 40-day conflict, it is being regarded by transport operators as more of a controlled easing rather than an operational reset.

US-Iran ceasefire unlikely to spur air freight return to Middle East: analysts

<div class="phx-topic abstract-wrapper"><p>Global jet fuel prices have almost doubled since the Middle East war began on Feb. 28, piling additional expenses onto an operating component that before the conflict was already more than 30% of total costs.</p></div>

Global jet fuel prices have almost doubled since the Middle East war began on Feb. 28, piling additional expenses onto an operating component that before the conflict was already more than 30% of total costs.

Rising jet fuel costs challenging freighter viability as war enters second month

<div class="phx-topic abstract-wrapper"><p>An estimated 30% of Asia-Europe air cargo is routed via the Middle East, so the sudden closure of airspace in the Persian Gulf has left forwarders scrambling for capacity on freighters and passenger aircraft out of Asia. </p></div>

An estimated 30% of Asia-Europe air cargo is routed via the Middle East, so the sudden closure of airspace in the Persian Gulf has left forwarders scrambling for capacity on freighters and passenger aircraft out of Asia.

Demand for direct Asia-Europe air cargo fills rerouted Middle East flights

<div class="phx-topic abstract-wrapper"><p>An estimated 30% of Asia-Europe air cargo capacity is routed via the Middle East, and with options through the region severely constrained by the US-Iran war, a rush for Asia-Europe air cargo capacity is pushing up prices. </p></div>

An estimated 30% of Asia-Europe air cargo capacity is routed via the Middle East, and with options through the region severely constrained by the US-Iran war, a rush for Asia-Europe air cargo capacity is pushing up prices.

Asia-Europe air cargo space tightens as rates, fuel surcharges soar

<div class="phx-topic abstract-wrapper"><p>Decisions that before the conflict would have taken months are now being decided in days, speeding up road transits, freeing urgently needed capacity and easing customs procedures, industry executives told a webinar. </p></div>

Decisions that before the conflict would have taken months are now being decided in days, speeding up road transits, freeing urgently needed capacity and easing customs procedures, industry executives told a webinar.

Middle East war accelerates regional cross-border cooperation

<div class="phx-topic abstract-wrapper"><p>Ocean carriers say there is still enough bunker fuel availability in general, but the different fuel types are unevenly distributed and affecting key refueling hubs in Asia, notably Singapore. </p></div>

Ocean carriers say there is still enough bunker fuel availability in general, but the different fuel types are unevenly distributed and affecting key refueling hubs in Asia, notably Singapore.

Bunker fuel shortages loom after US counter blocks Strait of Hormuz 

<div class="phx-topic abstract-wrapper"><p>The move comes amid softer volumes this year at the gateway, but NSWA’s chief operating officer says now is not the time to “pull back” on service levels.  </p></div>

The move comes amid softer volumes this year at the gateway, but NSWA’s chief operating officer says now is not the time to “pull back” on service levels.

NWSA knocks SSA for gate closures at its Seattle terminals

<div class="phx-topic abstract-wrapper"><p>The deal is the latest in a growing trend by cash-rich carriers to develop terminals, particularly in Asia and especially in Vietnam, as they move to secure access at key regional ports to gain preferential berthing rights and minimize delays. </p></div>

The deal is the latest in a growing trend by cash-rich carriers to develop terminals, particularly in Asia and especially in Vietnam, as they move to secure access at key regional ports to gain preferential berthing rights and minimize delays.

MSC’s terminals arm extends Vietnam portfolio with new container port project

<div class="phx-topic abstract-wrapper"><p>The three liners saw their first-quarter revenues come in between 9% and 21% lower than last year amid sharply softer rates on the key Asia-US and Asia-Europe trades. </p></div>

The three liners saw their first-quarter revenues come in between 9% and 21% lower than last year amid sharply softer rates on the key Asia-US and Asia-Europe trades.

Lower freight rates hit Q1 revenues for Taiwan’s ‘Big Three’ carriers

<div class="phx-topic abstract-wrapper"><p>The customs agency will prioritize unliquidated entries in the first phase of the refund process that was instigated by the February Supreme Court decision to invalidate tariffs on most US trading partners.</p></div>

The customs agency will prioritize unliquidated entries in the first phase of the refund process that was instigated by the February Supreme Court decision to invalidate tariffs on most US trading partners.

First wave of IEEPA refunds to US importers to start April 20: CBP

<div class="phx-topic abstract-wrapper"><p>An increasing number of lawmakers at the federal, state, and municipal levels are taking steps to freeze data center development, which serves as an important cargo source. </p></div>

An increasing number of lawmakers at the federal, state, and municipal levels are taking steps to freeze data center development, which serves as an important cargo source.

Push for data center bans in US threatens project cargo surge

<div class="phx-topic abstract-wrapper"><p>Rising fuel prices and memory costs may force buyers to re-think, or at least delay, purchases of pricey electronics this year.  </p></div>

Rising fuel prices and memory costs may force buyers to re-think, or at least delay, purchases of pricey electronics this year.

US imports of consumer electronics face threats to growth plans

<div class="phx-topic abstract-wrapper"><p>The deal, financial details of which were not disclosed, could possibly be the first M&amp;A domino to fall among a growing number of agent vendors catering to the logistics industry.</p></div>

The deal, financial details of which were not disclosed, could possibly be the first M&A domino to fall among a growing number of agent vendors catering to the logistics industry.

project44 acquires agent developer to expand AI use cases

<div class="phx-topic abstract-wrapper"><p>The railroads say they plan to file an updated merger application on April 30, addressing many of the complaints that caused regulators to deem their original application “incomplete.”</p></div>

The railroads say they plan to file an updated merger application on April 30, addressing many of the complaints that caused regulators to deem their original application “incomplete.”

Revised UP-NS merger application will address deficiencies, critics concerns

<div class="phx-topic abstract-wrapper"><p>The largest US LTL carrier looks to add new business in the healthcare, food and energy sectors and among small businesses to grow volume and improve profitability. </p></div>

The largest US LTL carrier looks to add new business in the healthcare, food and energy sectors and among small businesses to grow volume and improve profitability.

FedEx Freight plans diversification as spin-off date approaches

<div class="phx-topic abstract-wrapper"><p>The agency’s ruling maintains the competitive status quo in which NS is the only railroad with direct access to Norfolk International Terminals.</p></div>

The agency’s ruling maintains the competitive status quo in which NS is the only railroad with direct access to Norfolk International Terminals.

STB rules for Norfolk Southern in dispute with CSX at Port of Virginia

<div class="phx-topic abstract-wrapper"><p>The state was largely insulated from the volatility seen in the Midwest and Northeast over the winter because it did not face the same prolonged cold and snowstorms. </p></div>

The state was largely insulated from the volatility seen in the Midwest and Northeast over the winter because it did not face the same prolonged cold and snowstorms.

California truckload rates rise as fuel spikes, capacity cuts tighten market

<div class="phx-topic abstract-wrapper"><p>Mike Burton, president of Medlog USA, is taking on these challenges by investing in advanced technology, pursuing regional growth and partnering with customers to manage costs and drive future success.</p></div>

Mike Burton, president of Medlog USA, is taking on these challenges by investing in advanced technology, pursuing regional growth and partnering with customers to manage costs and drive future success.

<div class="phx-topic"><p>Amid tariff uncertainty and new trucking regulations that have tightened market capacity, customers are more focused than ever on reducing costs. Mike Burton, president of Medlog USA, is taking on these challenges by investing in advanced technology, pursuing regional growth and partnering with customers to manage costs and drive future success.</p><p><i>TPM26, Long Beach, California</i></p><p><b>Sponsored by Medlog USA</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6393162237112"></dynamic-object></div></div>

Amid tariff uncertainty and new trucking regulations that have tightened market capacity, customers are more focused than ever on reducing costs. Mike Burton, president of Medlog USA, is taking on these challenges by investing in advanced technology, pursuing regional growth and partnering with customers to manage costs and drive future success. TPM26, Long Beach, California Sponsored by Medlog USA

Investing in growth

<div class="phx-topic abstract-wrapper"><p>Jason Anderson, strategic initiatives director at BlackBerry Radar, explains how the company is building its own IoT ecosystem by engineering devices for non-powered asset tracking, how the devices deliver meaningful value, and introduces a new IoT device for marine containers that’s poised to revolutionize tracking. </p></div>

Jason Anderson, strategic initiatives director at BlackBerry Radar, explains how the company is building its own IoT ecosystem by engineering devices for non-powered asset tracking, how the devices deliver meaningful value, and introduces a new IoT device for marine containers that’s poised to revolutionize tracking.

<div class="phx-topic"><p>IoT tracking has become a valuable asset in rail and chassis containers, as well as ISO tanks, but there remains significant room for broader adoption, particularly in the US. Jason Anderson, strategic initiatives director at BlackBerry Radar, explains how the company is building its own IoT ecosystem by engineering devices for non-powered asset tracking, how the devices deliver meaningful value, and introduces a new IoT device for marine containers that’s poised to revolutionize tracking. </p><p><i>TPM26, Long Beach, California</i></p><p><b>Sponsored by BlackBerry Radar</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6393102970112"></dynamic-object></div></div>

IoT tracking has become a valuable asset in rail and chassis containers, as well as ISO tanks, but there remains significant room for broader adoption, particularly in the US. Jason Anderson, strategic initiatives director at BlackBerry Radar, explains how the company is building its own IoT ecosystem by engineering devices for non-powered asset tracking, how the devices deliver meaningful value, and introduces a new IoT device for marine containers that’s poised to revolutionize tracking. TPM26, Long Beach, California Sponsored by BlackBerry Radar

A new generation of tracking devices

<div class="phx-topic abstract-wrapper"><p>Nissim Yochai, president, ZIM USA &amp; executive vice president, LATAM Business Unit at ZIM, discusses the status of ZIM’s $4.2 billion agreement with Hapag-Lloyd, how the elimination of de minimis inspired a new service for low-value packages, and the ongoing challenges on pricing and volume in the Latin American market. </p></div>

Nissim Yochai, president, ZIM USA & executive vice president, LATAM Business Unit at ZIM, discusses the status of ZIM’s $4.2 billion agreement with Hapag-Lloyd, how the elimination of de minimis inspired a new service for low-value packages, and the ongoing challenges on pricing and volume in the Latin American market.

<div class="phx-topic"><p>As expedited shipping options have evolved, the category has become a strategic cornerstone of modern supply chains. Nissim Yochai, president, ZIM USA &amp; executive vice president, LATAM Business Unit at ZIM, discusses the status of ZIM’s $4.2 billion agreement with Hapag-Lloyd, how the elimination of de minimis inspired a new service for low-value packages, and the ongoing challenges on pricing and volume in the Latin American market. </p><p><i>TPM26, Long Beach, California</i></p><p><b>Sponsored by ZIM</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6393100308112"></dynamic-object></div></div>

As expedited shipping options have evolved, the category has become a strategic cornerstone of modern supply chains. Nissim Yochai, president, ZIM USA & executive vice president, LATAM Business Unit at ZIM, discusses the status of ZIM’s $4.2 billion agreement with Hapag-Lloyd, how the elimination of de minimis inspired a new service for low-value packages, and the ongoing challenges on pricing and volume in the Latin American market. TPM26, Long Beach, California Sponsored by ZIM

New services fueling growth

SPRING SALE: Use code SSFTW30 to save 30% on first year of a Silver or Silver Plus annual subscription!


Subscribe Now - FT to S/SP - Offer Box

Subscribe and Save

GET INTO A GROUP SUBSCRIPTION: Arm your team with unlimited Journal of Commerce content

Group Subscriptions - Offer Box

Group Subscriptions

SPRING SALE: Use code SSLW30 at checkout and save 30% on an annual Silver or Silver Plus subscription!

Subscribe Now - Anonymous to S/SP - Offer Box

SUBSCRIBE TODAY

UPGRADE TO GOLD AND SAVE: Use code GTT26W at checkout and save $900 on first year of a Gold subscription!

Upgrade Subscription - Gold Trials

Upgrade Subscription

SPRING SALE: Use code SSLW895 at checkout and save $600 on an annual Gold subscription!

Subscribe Now - Anonymous to Gold - Offer Box

SAVE $900 ON A GOLD SUBSCRIPTION: Use code GW595 and upgrade to Gold for just $595! Valid on first year of subscription.

Upgrade Subscription - S/SP to Gold - Offer Box

SPRING SALE: Use code SSGFTW895 and save $600 on the first year of a Gold subscription!

Subscribe Now - FT to Gold - Offer Box

SUBSCRIBE AND SAVE

Video

<div class="phx-topic abstract-wrapper"><p>On the first day of a two-day Panama Canal tour, JOC Editor Mark Szakonyi checks out a Hamburg Sud container ship pass through the canal.</p></div>

On the first day of a two-day Panama Canal tour, JOC Editor Mark Szakonyi checks out a Hamburg Sud container ship pass through the canal.

<div class="phx-topic"><p>On the first day of a two-day Panama Canal tour, JOC Editor Mark Szakonyi checks out a Hamburg Sud container ship pass through the canal. The $5.25 billion expansion project, slated to be completed in 2014, will double the canal capacity while Panama aims to become a major Latin American logistics hub.  </p><p></p><p></p><p>[Editorial note: image removed/no longer available]</p><p><b>Part Two:</b><a href="http://www.joc.com/container-shipping/joc%E2%80%99s-szakonyi-tours-port-colon-free-trade-zone-video"><u>Szakonyi Tours Port of Colon, Free Trade Zone</u></a></p><p></p><p></p><p><i>-- Contact Mark Szakonyi at <a href="mailto:mszakonyi@joc.com"><u>mszakonyi@joc.com</u></a>. Follow him on Twitter <a href="http://twitter.com/Szakonyi_JOC"><u>@Szakonyi_JOC</u></a></i></p><div class="wrapper-full"><dynamic-object type="youtube" resource-id="FThthEu7s5Y?rel=0"></dynamic-object></div></div>

Related Videos

Recent News and Analysis

Maritime News

Surface News

Air Cargo News

Supply Chain News