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Forwarding
The latest Forwarding News & Analysis
Seaspan Incurs Net Loss Despite Rising Demand
Joseph Bonney |
Seaspan reported a second quarter loss because of a change in the fair value of its financial instruments, but the container ship owner said it is expanding its fleet to meet carriers’ rising de
Maritime
Container lines
Forwarding
Hanjin Shipping Returns to Profit
Joseph Bonney |
Hanjin Shipping returned to profitability in the second quarter as its container volume jumped 16.7 percent and freight rates rose.
Maritime
Container lines
Forwarding
Orient Overseas Swings to Profit
Joseph Bonney |
Orient Overseas International Ltd., parent of Orient Overseas Container Line, reported after-tax profit of $287.3 million from continuing operations in the first half of 2010 as economic recovery push
Maritime
Container lines
Forwarding
Indian Ports Move 14 Percent More Containers
JOC Staff |
Container traffic at major ports in India for the April-July period increased 14 percent over the same period last year, the Indian Ports Association said in a statement on Wednesday.
Maritime
Forwarding
Port of LA to Buy Crane With EPA Grant
Joseph Bonney |
The Port of Los Angeles says it will use a $731,000 Environmental Protection Agency grant to buy and test a battery-
Maritime
Forwarding
TRAC Intermodal to Provide Short-Term Chassis Rentals
Peter T. Leach |
TRAC Intermodal said Tuesday it will start renting chassis to port truckers on a short-to-medium term basis.
Maritime
Container lines
Forwarding
Hapag-Lloyd to Launch Atlantic Express Shuttle
Thomas L. Gallagher |
Hapag-Lloyd will launch an Atlantic Express Shuttle between North Europe and the East Coast of North America, effective Sept. 25.
Maritime
Container lines
Forwarding
Safmarine to Launch Far East-Africa Service
Thomas L. Gallagher |
Safmarine will add a direct container service between the Far East and West Africa via South Africa on Aug. 12. The FEW3 service will be operated jointly with parent company Maersk Line.
Maritime
Container lines
Forwarding
Tropical Shipping Profit Soars 68 Percent
Joseph Bonney |
Caribbean carrier Tropical Shipping’s second-quarter operating income rose to $4.2 million from $2.5 million a year earlier as volume and rates increased, parent company Nicor said.
Maritime
Container lines
Forwarding
Trans-Pacific Spot Price Measure Jumps 8.2 Percent
Peter T. Leach |
Spot prices for trans-Pacific ocean container shipping jumped 8.2 percent in the week ending Aug.
Maritime
Container lines
Forwarding
LA-Long Beach Terminals Extend Gate Hours
Bill Mongelluzzo |
Terminal operators in Los Angeles-Long Beach are extending gate hours and some will initiate appointment systems to keep the ports fluid during the peak shipping season.
Maritime
Forwarding
Philadelphia Gets First of Thousands of Hyundais
Peter T. Leach |
The first of seven roll-on, roll-off vessels scheduled to call at the Port of Philadelphia this month arrived late Monday to deliver Hyundai and Kia vehicles from South Korea.
Maritime
Forwarding
Maersk Denies New Ship Orders
Peter T. Leach |
Maersk Line denied Tuesday that it was in talks with shipyards to order 10 giant container ships, but said it was only monitoring the capacity situation at yards.
Maritime
Container lines
Forwarding
Maersk's US-Flag Division Paid Reduced US Penalty
Peter T. Leach |
Maersk Line Ltd., the U.S.-flag carrier of Denmark’s Maersk Line, said it paid a $3.1 million fine to the U.S.
Maritime
Container lines
Forwarding
Danmar Launches China-Europe LCL Services
Thomas L. Gallagher |
Danmar Lines, DHL Global Forwarding's in-house carrier, launched two direct less-than-container-load services from Shenzhen, China, to Europe.
Maritime
Container lines
Forwarding
LA-Long Beach Union Talks Enter Second Month
Bill Mongelluzzo |
Office clerical workers at the ports of Los Angeles and Long Beach pursued contract negotiations into their second month with local issues still dominating the talks.
Maritime
Forwarding
Panama, Gulfport Sign Trade Development Pact
Peter T. Leach |
The Panama Canal Authority and the Mississippi State Port Authority at Gulfport signed a memorandum of understanding Monday aimed at increasing all-water trade between Asia and the U.S.
Maritime
Forwarding
West Coast Container Volume Jumps 15 Percent
Bill Mongelluzzo |
Container volume at West Coast ports increased 15 percent in the first six months of 2010 compared to the same period in 2009, according to the Pacific Maritime Ass
Maritime
Forwarding
North American ports
US Manufacturing Growth Slowed in July
Joseph Bonney |
U.S. manufacturing growth slowed for the third straight month in July as the sector's year-long recovery showed new signs of weakness, the Institute for Supply Management reported.
Transport, Trade and Regulation News
Forwarding
Chinese Manufacturing Index Slows
Joseph Bonney |
Expansion of Chinese manufacturing activity slowed in July, according to an independent survey and a Chinese government report.
Transport, Trade and Regulation News
Forwarding
Savannah Containers Hit Pre-Recession Level
Peter T. Leach |
Container throughput at the Port of Savannah increased 34 percent in June to 240,734 20-foot equivalent container units, compared with 179,451 TEUs the previous June.
Maritime
Forwarding
India Averts Truck Strike
JOC Staff |
Unionized truckers in India delayed for 10 days a nationwide strike planned for Aug. 6, temporarily averting disruptions in the country’s road transport sector.
Trucking News
Forwarding
Seacastle Changes Name to TRAC Intermodal
Joseph Bonney |
Seacastle Chassis, the largest lessor of marine and domestic chassis, is changing its name TRAC Intermodal.
Maritime
Forwarding
Senate Bill Seeks 100 Percent Solution
R.G. Edmonson |
The Senate isn’t giving up on scanning all maritime containers arriving in the U.S., but lawmakers appear willing to ease the law to make it more palatable to opponents at home and abroad.
Transport, Trade and Regulation News
Forwarding
Finding Pricing’s Peak
Joseph Bonney |
More than halfway into a year that’s been a seller’s market for freight transportation of all kinds, the surge in ocean container rates may be losing steam.
Maritime
Air Cargo
Trucking News
Rail News
Container lines
Forwarding
Swifter Change
William B. Cassidy |
Swift Transportation pulls up to Wall Street a different company than the one that left the stock exchange in 2007. Swift isn’t just smaller, it’s more intermodal.
Trucking News
Rail News
Forwarding
CREATE-ing Export Hopes
John D. Boyd |
When the Obama administration completed the paperwork to release $100 million in a stimulus grant to help untangle Chicago’s time-wasting web of railroad tracks and city streets, it tied the spe
Transport, Trade and Regulation News
Rail News
Forwarding
SCI Profit Soars 60 Percent
JOC Staff |
Net profit for the state-owned Shipping Corporation of India surged 60 percent from a year earlier to $41 million in the first quarter of fiscal 2010-11 ending June 30.
Maritime
Container lines
Forwarding
Vancouver Port Container Volume Up 12 Percent
Bill Mongelluzzo |
Container volume at the Port of Vancouver, B.C., increased 12 percent in the first six months of 2010 as demand for consumer goods rebounded from last year’s recession.
Maritime
Forwarding
LA-LB Ports Honor Environmental Efforts
Bill Mongelluzzo |
Southern California’s ports recognized a trucking company, a scrap recycler, a marine terminal operator, a tugboat company and a port pilot service this week for taking extraordinary steps to re
Port News
Maritime
Forwarding
Great Lakes Carrier to Upgrade Bulk Ship
William B. Cassidy |
The last steam-powered vessel in Rand Logistics’ Great Lakes fleet will be converted to diesel power next year, the bulk freight shipping company said.
Maritime
Container lines
Forwarding
Matson Profit Jumps 75 Percent
Joseph Bonney |
Higher rates and a surge in volume from China produced a 75 percent increase in Matson Navigation second-quarter operating profit,
Maritime
Container lines
Forwarding
Finnlines Profit Jumps on Ro-Ro Freight Recovery
Bruce Barnard |
Finnlines, the Finnish short sea shipping line, reported sharply higher second-quarter earnings and revenue, driven by a recovery in North Sea and Baltic roll on-roll off traffic.
Maritime
Container lines
Forwarding
CMA CGM in Talks to Sell 30 Percent Stake
Bruce Barnard |
French ocean carrier CMA CGM is reported to be negotiating the sale of a 30 percent stake to a billionaire Belgian financier and a French government investment fund for $650 million.
Maritime
Container lines
Forwarding
Matson Adds Second China Vessel Service
Joseph Bonney |
Matson Navigation will add a second string of vessels to its China-Long Beach service, bringing new capacity to resurgent trans-Pacific trade lanes.
Maritime
Container lines
Forwarding
Maersk Adds Surcharge on Europe-Australia Boxes
Peter T. Leach |
Maersk Line advised its customers that it will impose a surcharge on heavy-weight cargo in 20-foot containers bound from Europe, the Middle East and India to Australia and all destinations in the Pac
Maritime
Container lines
Forwarding
Clean-Trucks Bill Lands in House
Bill Mongelluzzo |
Rep. Jerrold Nadler, D-N.Y., on Thursday introduced a bill that would enhance the ability of ports to enact clean-air programs, while opening the door to unionization of harbor truck drivers.
Transport, Trade and Regulation News
Trucking News
Forwarding
North American ports
Trucking labor
Maersk Extends Chassis Pool to Gulf, Southeast
Peter T. Leach |
Direct ChassisLink, the company set up by Maersk Line to manage its chassis fleet and charge truckers a daily fee for their use, will expand its chassis program to the Southeast and Gulf inland region
Maritime
Container lines
Forwarding
Profits Return for Japanese Ocean Carriers
Joseph Bonney |
Japanese carriers NYK, MOL and "K" Line reported profits in their April-June quarter as rising volumes and rates pushed their container operations into the black.
Maritime
Container lines
Forwarding
Green Reefers to Join Hamburg Reefer Pool
Bruce Barnard |
Norway’s Green Reefers said it will join the recently established Hamburg Reefer Pool on Aug. 1.
Maritime
Container lines
Forwarding
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