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Forwarding
The latest Forwarding News & Analysis
Cosco Reports First Half Loss
Joseph Bonney, Senior Editor |
China Cosco Holdings posted an operating loss of 3.7 billion yuan ($579 million) for the year’s first six months. Revenue rose 1.3 percent to $6.8 billion.
Container lines
Forwarding
Will There Be an ILA Strike or Lockout? (Podcast)
JOC Staff |
In this podcast, JOC Senior Editor Joseph Bonney discusses why labor contract negotiations between the International Longshoremen's Association and United States Mariti
Longshore labor
Forwarding
Container Handling Grows at Port of Baltimore
Peter T. Leach, Senior Editor |
The volume of containers handled by the Port of Baltimore in July jumped 15.2 percent to 61,933 20-foot-equivalent units, up from 53,781 TEUs in June.
Port News
Forwarding
TSA to Add Low-Sulfur Fuel Component to Bunker Charge
JOC Staff |
Member carriers of the Transpacific Stabilization Agreement will be adjusting their bunker charges to recoup higher costs of low-sulfur fuel used in the North American Emissions Control Area, within 2
Container lines
Forwarding
Trans-Pacific Spot Container Rates Fall 8.6 Percent
Peter T. Leach, Senior Editor |
Average spot rates in the eastbound trans-Pacific trade slumped 8.6 percent this week, the second weekly decline since carriers
Container lines
Forwarding
DP World Posts Flat Profit in First Half
Bruce Barnard, Special Correspondent |
DP World’s profit stalled in the first half even as Dubai’s state-owned global container terminal operator increased its world market share.
Port News
Forwarding
Piraeus Port Operations Shine for Cosco Pacific
Bruce Barnard, Special Correspondent |
The Greek port of Piraeus, until recently a hotbed of labor unrest, has become the star performer in Cosco Pacific’s terminal portfolio with a growth rate double that of the Hong Kong-based comp
Port News
Container lines
Forwarding
Washington Port Handles 100,000th Auto Export
JOC Staff |
Port and industry officials last week celebrated the shipment of the 100,000th Chrysler vehicle via the Port of Grays Harbor,
Forwarding
Goldenport Continues Greek Ship Buying Spree
Bruce Barnard, Special Correspondent |
Goldenport extended the Greek container ship buying spree, taking advantage of attractive secondhand prices to buy a sub-Panamax vessel from a German KG investment fund.
Container lines
Forwarding
Nehru Port Terminal Delays Intensify
JOC Staff |
Infrastructure woes at India’s Jawaharlal Nehru Container Terminal (Nhava Sheva Port) are causing lengthy delays for vessels calling at the country’s largest container gateway.
Port News
Forwarding
Asia-Europe Carriers ‘Running Out of Options’
Joseph Bonney, Senior Editor |
Carriers “are running out of options” for deploying large new ships on Asia-Europe routes and will face pressure to cut rates, according to a report by DVB Bank’s Research and Strate
Container lines
Forwarding
Zim Cuts Net Loss
Bruce Barnard, Special Correspondent |
Zim Integrated Shipping’s net loss narrowed in the second quarter from a year ago as the Israeli ocean carrier boosted traffic, raised rates and cut costs.
Container lines
Forwarding
Hamburg Sud Launches Second US Gulf-Latin America Service
Peter T. Leach, Editor-at-Large |
Hamburg Sud will start offering more slots from ports in the U.S. Gulf to the Caribbean and the east coast of Latin America through a second weekly service in that trade.
Container lines
Forwarding
Costamare Charters Two Ships to Evergreen
Bruce Barnard, Special Correspondent |
Greek container ship owner Costamare has chartered two ships, including a newly acquired vessel, to ocean carrier Evergreen.
Forwarding
Port Tracker Forecasts Sluggish Europe Volume
Joseph Bonney, Senior Editor |
Container volume through North European ports will remain sluggish this year as the continent’s economy struggles, Hackett Associates and the Bremen-based Institute of Shipping Economics said in
Port News
Forwarding
Indian Government Settles Nehru Port Project Dispute
JOC Staff |
The Indian government has approved the allocation of 274 acres of land owned by the Port of Nhava Sheva (Jawaharlal Nehru) for the purpose of settling compensation packages for “project-affected
Forwarding
Port of Auckland Slides Into Red for Fiscal Year
Mike King, Special Correspondent |
New Zealand’s Ports of Auckland blamed strike action for its slide in volume and profit in the fiscal year ending June 30.
Port News
Forwarding
Surge in Wine Imports Prompts Investigation in China
Mike King, Special Correspondent |
A leading drinks association has accused Europe’s winemakers of dumping subsidized produce after a surge wine imports to China.
Forwarding
Shipping Rate, Surcharge Update for Week of Aug. 20-24
JOC Staff |
Zim Integrated Shipping Services is seeking September rate increases for westbound shipments from Asia to
Forwarding
Container lines
APL Pulls Out of Westbound Transpacific Stabilization Agreement
Bill Mongelluzzo, Associate Editor |
APL Ltd. will discontinue its membership in the carrier discussion group in the westbound trade between the U.S. and Asia effective Sept. 1.
Container lines
Forwarding
Charleston Box Volume Up 7.4 Percent in First Half
Joseph Bonney, Senior Editor |
Container volume through the Port of Charleston grew 7.4 percent in the first half of this year, the South Carolina Ports Authority said.
Port News
Forwarding
Shippers Report Tightening Truck Capacity in Mexico
William B. Cassidy, Senior Editor |
U.S. shippers importing goods from Mexico say they are looking for new transportation options as truckload capacity along the border gets tighter.
Trucking News
Forwarding
Gothenburg Container Traffic Hits All-Time High
Bruce Barnard, Special Correspondent |
Gothenburg’s container traffic hit an all-time high in the first half of 2012 as strong Swedish exports to markets outside Europe outweighed lower imports and weak trade flows within Europe.
Port News
Forwarding
MSC to Hike Rates for Exports From US Gulf and West Coasts
JOC Staff |
Mediterranean Shipping Co. has announced September rate increases for cargo moving from the U.S. Gulf and West coasts to several destinations.
Container lines
Forwarding
A.P. Moller-Maersk Gets $925 Million From Bond Issue
Bruce Barnard, Special Correspondent |
Danish shipping and energy group A.P. Moller-Maersk raised 750 million euros ($925 million) from a new seven-year bond to be listed on the Luxembourg stock exchange.
Container lines
Forwarding
Rotterdam's Container Traffic Falls 1.6 Percent
Bruce Barnard, Special Correspondent |
Rotterdam’s container traffic fell 1.6 percent in the first half of 2012 from a year ago as sharply lower imports from China because of the deepening eurozone crisis outweighed increased exports
Port News
Forwarding
DFDS Slashes 2012 Earnings Guidance
Bruce Barnard, Special Correspondent |
Denmark’s DFDS cut its 2012 earnings guidance after Europe’s largest short-sea shipping and logistics group’s second quarter profit slumped amid a deepening eurozone crisis and stiff
Container lines
Forwarding
Taiwan, Thailand Downgrade Export Forecasts
Mike King, Special Correspondent |
The Asian export outlook continues to weaken, according to the latest export forecasts from Taiwan and Thailand.
Forwarding
China Ports’ TEU Share Hits 30 Percent
Joseph Bonney, Senior Editor |
China’s container ports now handle 30 percent of international container volume, which has more than doubled in the last decade, Drewry Maritime Research said in its latest annual port sector re
Forwarding
NYK Line Sets Oct. 1 Atlantic Rate Increase
Joseph Bonney, Senior Editor |
NYK Line said it will implement an Oct. 1 general rate increase for trans-Atlantic cargo.
Container lines
Forwarding
Carriers Won’t Fight APM’s Virginia Bid
Joseph Bonney, Senior Editor |
Mediterranean Shipping Co. and CMA CGM say they no longer object to a proposal by APM Terminals to take over the Virginia Port Authority’s container operations.
Port News
Container lines
Forwarding
Emirates Shipping to Launch Far East-Gulf Service
JOC Staff |
Emirates Shipping Line plans to expand its intra-Asia service network by buying slots on the Pacific South & Gulf Service (PSG) operated by Hanjin Shipping, effective in early September.
Container lines
Forwarding
MSC Flaminia May Be Towed to Germany
Joseph Bonney, Senior Editor |
The fire-damaged MSC Flaminia was being towed toward the U.K. on Monday for an inspection that may clear the way for the container ship to enter German waters, the vessel’s owner said.
Container lines
Forwarding
Wilhelmsen Nets $170 Million From Sale of Stake in Glovis
Bruce Barnard, Special Correspondent |
Norway’s Wilh.
Forwarding
SSA Marine in Oakland Gets 'Gold' in Productivity
Bill Mongelluzzo, Associate Editor |
On a recent Saturday, longshoremen at the SSA Marine terminal in Oakland averaged an astounding 58 container lifts per crane per hour.
Port News
Maritime
Forwarding
Lacey Act Strikes a Wrong Chord
Joseph Bonney, Senior Editor |
Gibson Guitar’s agreement to pay a $300,000 fine to settle allegations that the company imported illegally harvested ebony and rosewood has amplified debate over the Lacey Act.
Transport, Trade and Regulation News
Forwarding
My Kingdom for a Box
Peter T. Leach, Senior Editor |
Retailers and other beneficial cargo owners encountering a shortage of container space this peak season need not look far when they point the fingers of blame.
Container lines
Maritime
Forwarding
India Promises to Ease Customs, Cabotage Rules
Mark Szakonyi, Associate Editor |
Frustrated Indian shippers can take solace in the government’s effort to speed up shipments and bring greater shipping competition.
Forwarding
Maritime
Transport, Trade and Regulation News
Buyer's Market for Box Lessors
Joseph Bonney, Senior Editor |
Leasing companies are picking up some of the slack from financially strapped ocean carriers that have cut back their container purchases.
Container lines
Maritime
Forwarding
Hong Kong Feels the Heat From Neighboring Ports
Mike King, Special Correspondent |
Hong Kong’s stunning natural harbor has made it a natural center of trade for centuries.
Port News
Maritime
Forwarding
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