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Forwarding
The latest Forwarding News & Analysis
Horizon Postpones Refinance Deadline Again
Joseph Bonney |
Horizon Lines announced a second one-week postponement of a deadline for securing bondholders’ support for a plan to refinance the debt of the largest U.S. domestic ocean carrier.
Container lines
Transport, Trade and Regulation News
Maritime
Forwarding
New York to Indict Iran Shipping Lines
Peter T. Leach |
New York City’s district attorney will indict Islamic Republic of Iran Shipping Lines on Monday on charges that it is part of Iran's effort to obtain banned technology for its nuclear and missil
Container lines
Transport, Trade and Regulation News
Maritime
Forwarding
Somalia Jails Six Over Pirate Ransom
Bruce Barnard |
Somalia jailed an American, three Britons and two Kenyans for illegally bringing $3.6 million in cash into the country, allegedly to pay ransoms for two ships seized by pirates.
Container lines
Transport, Trade and Regulation News
Maritime
Forwarding
No More Magic Pipe
R.G. Edmonson |
The U.S. tries to keep foreign-flag ships from polluting U.S. waters, but not every operator gets the message.
Transport, Trade and Regulation News
Maritime
Forwarding
Time for Change
Peter T. Leach |
Eivind Kolding took a few verbal barbs after the Maersk Line CEO issued a manifesto on June 7 calling for radical changes to shipping business practices, but that hardly fazed him.
Forwarding
Maritime
Container lines
Farm-Fed Recovery
Bill Mongelluzzo |
The U.S. economy is heading inexorably toward its next growth cycle, with agricultural exports ripe to help drive expansion, economists, shippers and government officials say.
Maritime
Forwarding
Nearer to On-Dock
Bill Mongelluzzo |
U.S.
Port News
Maritime
Forwarding
Surcharge, Freight Rate Updates for June 13-17
JOC Staff |
Maersk Line will implement a peak-season surcharge for cargo shipped from India to the United States, Guam and Canada.&n
Forwarding
Maersk Sees Rapid Asia-Africa Trade Growth
Peter T. Leach |
Maersk Line is forecasting double-digit growth for its Asian shipments of palm oil, sugar and rice to Africa this year as demand for food commodities surges in frontier markets, an executive said on F
Forwarding
Maritime
Container lines
Shippers, Carriers Temper Peak-Season Expectations
Bill Mongelluzzo |
Some shippers and port executives in Southern California, assessing trans-Pacific shipping prospects at the start of the peak season, say they believe cargo volume will increase mo
Maritime
Container lines
Forwarding
Maersk Sets India-US Peak Season Surcharge
JOC Staff |
Maersk Line in July will implement a peak-season surcharge for cargo shipped from India to the U.S., Guam and Canada.
Maritime
Container lines
Forwarding
Regulators Ease Tough Export Control Rules
R.G. Edmonson |
The Commerce Department is giving exporters relief from tough export control regulations that many companies have decried as an outdated impediment to their ability to export technology that poses lit
Forwarding
Steel Exports Fell in April
JOC Staff |
U.S. steel exports declined 9.3 percent in April from March and 8.8 percent year-to-year, the Commerce Department said.
Transport, Trade and Regulation News
Maritime
Forwarding
Retail Group Sees Imports Flat Through July
Joseph Bonney |
Imports at the nation’s largest container ports are expected to remain flat through July before picking up when the annual peak season for holiday shipments begins later this summer, the Nationa
Maritime
Forwarding
Housing Starts Advance in a Weak Market
Joseph Bonney |
Construction of homes and apartments increased 3.5 percent in May from the previous month but was down 3.4 percent year-to-year, the Commerce Department said.
Transport, Trade and Regulation News
Forwarding
Doha to Sign Deal for Major Expansion
Bruce Barnard |
The Port of Doha, Qatar, plans to award contracts to build the first phase of a new container complex in the gas-rich Persian Gulf state in November.
Maritime
Forwarding
Hanjin Changes Partners on Asia-Mideast Service
Peter T. Leach |
Hanjin Shipping is teaming up with NYK Line to renew its Far East-Middle East Express service starting from early July.
Container lines
Forwarding
Diana Containerships Adds Sixth Vessel to Charter Fleet
Peter T. Leach |
Vessel operator and owner Diana Containerships on Thursday added a sixth ship to its fleet of containerships for hire.
Maritime
Container lines
Forwarding
APL Logistics Rolls Out 53-Foot Containers
Peter T. Leach |
APL Logistics, looking for greater efficiency matching international and U.S. domestic transport, will deploy its own fleet of 53-foot containers in the North American domestic intermodal market.
Intermodal providers
Forwarding
Russia's Global Ports Readies $572 Million IPO
Bruce Barnard |
Global Ports plans to raise up to $572 million from an initial public offering in London that would value Russia’s largest port operator at $2.4 billion.
Maritime
Forwarding
LA-LB Import Volume Grows 4.8 Percent
Bill Mongelluzzo |
Combined container import volume at the ports of Los Angeles and Long Beach grew 4.8 percent year-over-year in May, slower than the growth rate the month before and behind the 5.1 percent increase in
Port News
Forwarding
North American ports
US Port Calls Rose 13 Percent Last Year, Marad Says
R.G. Edmonson |
Vessel calls at U.S. ports increased 13 percent last year as the country recovered from the worst recession in decades, the Maritime Administration said Wednesday.
Maritime
Transport, Trade and Regulation News
Forwarding
India's Port Traffic Up 1 Percent
JOC Staff |
The volume of containers handled by major ports in India grew a mere 1 percent year-over-year in the first two months of fiscal 2011-12, the Indian Ports Association said Wednesday.
Port News
Maritime
Forwarding
Emirates Joins Middle East Express Service
JOC Staff |
Emirates Shipping Line is joining the Middle East Express Service operated jointly by Cosco Container Lines and Orient Overseas Container Line.
Container lines
Maritime
Forwarding
NY-NJ Targets 2016 For Bayonne Bridge Project
JOC Staff |
The Port Authority of New York and New Jersey, racing to elevate the Bayonne Bridge, is “working towards a date of 2016” to complete the complex engineering project and clear a path for la
Port News
Forwarding
CMA CGM Appoints Sirat CFO
Peter T. Leach |
Container ship line CMA CGM appointed Michel Sirat, a longtime executive in the energy industry, to group chief financial officer.
Container lines
Maritime
Forwarding
Port Everglades to Discuss Near-Dock Rail Terminal
Peter T. Leach |
The Broward County Board of County Commissioners Tuesday authorized Port Everglades’ staff to begin talks with the Florida East Coast Railway toward development of an intermodal rail transfer fa
Port News
Rail News
Maritime
Forwarding
Corpus Christi Approves Funds to Extend Channel
Peter T. Leach |
The Port of Corpus Christi Commission on Tuesday unanimously approved funding for the port’s $15.5 million share of the cost of extending the La Quinta Ship Channel and restoring the ecosystem,
Maritime
Forwarding
Canada Lifts Japanese Food Import Restrictions
Hisane Masaki |
Canada this week lifted all import restrictions on Japanese foods, which were imposed on April 1 in the wake of the ongoing nuclear crisis at the Fukushima No.1 nuclear power plant in northeastern Jap
Forwarding
Seaway Season Opens With Traffic Boost
Courtney Tower |
The St. Lawrence Seaway opened this spring with volume up 3.7 percent in the first two months of the season compared with the same months last year.
Forwarding
Pirates Paid $2.1 Million to Release Hostages
JOC Staff |
Six Indian sailors, held captive by Somali pirates for more than 10 months, were freed Monday after a reported $2.1 million ransom payment.
Container lines
Maritime
Forwarding
Port of NY-NJ Approves Restructured PNCT Lease
Peter T. Leach |
The board of the Port Authority of New York and New Jersey Tuesday approved a restructured lease with the Port Newark Container Terminal that will provide $500 million in private capital investment to
Port News
Forwarding
MSC Hikes Portugal-to-US Freight Rates
Peter T. Leach |
Mediterranean Shipping Co. is raising its freight rates on all export containers shipped from Portugal to the U.S. as of July 7.
Container lines
Maritime
Forwarding
BIMCO Elects Khatau President
JOC Staff |
The Baltic and International Maritime Council, the world’s largest private shipping organization, elected Yudhishthir Khatau of India as its new president.
Maritime
Container lines
Forwarding
Laid Up Box Fleet Shrinks to Three Year Low
Bruce Barnard |
The laid-up container ship fleet fell to its lowest level since August 2008 and is still shrinking as ocean carriers activate idle tonnage, Alphaliner reported.
Forwarding
Maritime
Container lines
PierPass Says 'Bunching' Plagues Terminal Gates
Bill Mongelluzzo |
The head of PierPass gate operation at the Los Angeles and Long Beach ports says the only pressure on capacity marine terminals comes when large numbers of truckers want to pick up or drop off contain
Port News
Forwarding
CSAV Volume Up, Average Revenue Down
Peter T. Leach |
CSAV’s volume of transported containers increased 6.8 percent in May over April, but the average revenue per container declined.
Container lines
Maritime
Forwarding
Nehru Port Volume Down 2 Percent
JOC Staff |
Container throughput in India’s Port of Jawaharlal Nehru (Nhava Sheva) fell nearly 2 percent year-over-year in the April-May period, the first two months of fiscal 2011-12, the port authority sa
Port News
Maritime
Forwarding
Maersk CEO Explains Details of Manifesto
Peter T. Leach |
Forwarding
Container lines
Japanese Firm Inks Westwood Purchase Deal
Hisane Masaki |
Japan’s Sumitomo Warehouse said today that its wholly owned subsidiary, J-WeSco, signed a contract to acquire a 100 percent stake in Westwood Shipping Lines, a U.S.
Container lines
Maritime
Forwarding
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