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Forwarding
The latest Forwarding News & Analysis
Horizon Aims to Restructure, Not Sell Liner Assets
Joseph Bonney |
Horizon Lines has no plans to sell any of its container liner services as it seeks to restructure its finances to avoid an expected default on its debt this year, the company's chief executive said.
Container lines
Maritime
Forwarding
Hamburg Sud, Alianca to Drop Chassis in Baltimore
Peter T. Leach |
Hamburg Sud North America and Hamburg Sud subsidiary Alianca plan to stop providing chassis to shippers moving cargo with merchant's haulage through Baltimore-area terminals and depots as of May 1.
Maritime
Container lines
Forwarding
Zim Swings to $54 Million Profit
Bruce Barnard |
Zim Integrated Shipping Services rebounded to a $54 million net profit in 2010 from a $432 million loss a year ago driven by increased cargo volume and higher freight rates.
Container lines
Maritime
Forwarding
Freight Interests Testify on Transportation Bill
R.G. Edmonson |
Advocates for improved goods movement on Tuesday called for a national freight policy, improved connectors to ports, and a dedicated office within the Department of Transportation.
Transport, Trade and Regulation News
Forwarding
Crowley Names Fox to Head Corporate Service
Peter T. Leach |
Crowley Maritime appointed Carl Fox as senior vice president of corporate services as of June 1.
Maritime
Container lines
Forwarding
CMA CGM Columba Opens Vietnam Terminal
Peter T. Leach |
The CMA CGM Columba became the largest container vessel to call at a Vietnamese port when it participated in the inauguration of the new Cai Mep International Terminal.
Container lines
Maritime
Forwarding
Hanjin, Yang Ming Add Pacific Northwest Loop
Peter T. Leach |
Hanjin Shipping and Yang Ming are adding a new joint weekly service to their networks between Asia and the Pacific Northwest, starting April 22.
Container lines
Maritime
Forwarding
Commerce Secretary Promotes Export Initiative
Bill Mongelluzzo |
Commerce Secretary Gary Locke called upon small and mid-size companies to increase their profits and hasten the U.S. economic recovery by becoming more engaged in exports.
Transport, Trade and Regulation News
Forwarding
WWL Cuts CO2 Emissions 21 Percent
Peter T. Leach |
Wallenius Wilhelmsen Logistics said Tuesday it reduced its carbon dioxide emissions 21 percent last year, compared to 2009.
Maritime
Forwarding
COAC to Eye Role of Brokers April 12
R.G. Edmonson |
The role of the customs broker in the supply chain is high on the agenda when COAC members meet on April 12.
Transport, Trade and Regulation News
Forwarding
China Turns Away MOL Ship for Radiation
Hisane Masaki |
Chinese authorities rejected a container ship operated by MOL, Japan's second-largest shipping line, saying they had detected high levels of radiation.
Maritime
Container lines
Forwarding
Congestion Closes India’s Nhava Sheva Export Gate
JOC Staff |
Because of congestion, terminal management closed the export gate at Nhava Sheva International Container Terminal in India’s Port of Jawaharlal Nehru.
Maritime
Forwarding
Horizon Lines Expects to Default on Bonds
Joseph Bonney |
Horizon Lines said it expects to default on its loans as the result of a $45 million fine for price-fixing in the Puerto Rico trade and could be forced into bankruptcy if a deal can’t be worked out wi
Container lines
Maritime
Forwarding
Japanese Restore Transportation Systems
Hisane Masaki |
Restoration work on Japanese transportation systems devastated by the March 11 earthquake and tsunami that hit the northeastern part of th
Transport, Trade and Regulation News
Maritime
Forwarding
Grand Alliance Resumes Nagoya Service
Peter T. Leach |
The Grand Alliance is resuming service to the Japanese city of Nagoya operated by Hapag-Lloyd on March 31, according to a bulletin by OOCL.
Container lines
Maritime
Forwarding
Japan to Remain Major US Trading Partner
Bill Mongelluzzo |
Japan's commerce with the U.S.
Transport, Trade and Regulation News
Forwarding
Crowley Wins Order Blocking Puerto Rican Inspections
Peter T. Leach |
A U.S. District Court in San Juan issued a temporary restraining order on Friday in favor of Crowley Puerto Rico Services.
Maritime
Container lines
Forwarding
Indian Navy, Coast Guard Capture Pirate Mother Ship
Peter T. Leach |
The Indian navy and coast guard captured 16 Somali pirates and rescued 16 hostages after a three-hour running battle in the Arabian Sea, according to media reports.
Container lines
Maritime
Forwarding
Crowley to Start Direct Loop to St. Maarten
Peter T. Leach |
Crowley Maritime is adding a direct, fixed-day sailing from Port Everglades, Fla., to St. Maarten in the Caribbean that will reduce transit time by one full day.
Maritime
Container lines
Forwarding
Maersk Introduces Ships Designed for West Africa
Peter T. Leach |
Maersk Line is taking delivery of the first of a series of 22 container ships called Wafmax that are specifically designed for the limitations of the West African market.
Maritime
Container lines
Forwarding
Charter Rates Rise Amid Falling Freight Rates
Bruce Barnard |
Container ship charter rates are still rallying even as freight rates are falling as ocean carriers seek additional tonnage to defend market share amid strong cargo volume ahead of the summer peak shi
Maritime
Forwarding
The JOC Top 40 Container Lines (2010)
Peter T. Leach |
The columns of red and black numbers in the rankings of the Top 40 Container Lines by volume reflect the tenuous recovery from the deep downturn in trade that hit carriers so hard in 2009.
Maritime
Container lines
Forwarding
Post-Panamax Logistics
Peter T. Leach |
From the bridge of a container ship passing through the Panama Canal, the signs of the canal authority’s huge expansion project are clearly visible.
Maritime
Forwarding
Recovery’s Uneasy Wake
Bruce Barnard |
At first glance, the figures don’t appear to add up on the Asia-Europe container shipping trade lanes.
Maritime
Forwarding
Carriers Reap What Exporters Sow
Bill Mongelluzzo |
The U.S. farm sector is on the cusp of an explosion in exports, and the liner shipping industry will be a major beneficiary.
Maritime
Transport, Trade and Regulation News
Forwarding
Industry Veteran Schely Dies at 72
Bill Mongelluzzo |
Retired executive Ronald P. Schley, a veteran of 33 years in the shipping industry, died March 14 in Sparks, Nev., after a lengthy illness. He was 72.
Maritime
Container lines
Forwarding
Japanese Grain Import Demand to Remain High
R.G. Edmonson |
The U.S. Grain Council said consumer demand in Japan will drive imports of coarse grains from the U.S.
Maritime
Forwarding
DHS Steps Up Radiation Monitoring for Cargo from Japan
R.G. Edmonson |
The Department of Homeland Security's front-line agencies, "out of an abundance of caution," said this week that they are increasing their monitoring of vessels and cargo that arrive from Japan but ar
Maritime
Forwarding
ESC Elects Choumert Chairman
Peter T. Leach |
The European Shipping Council on Friday elected Denis Choumert as its new chairman.
Maritime
Forwarding
German Ocean Carriers Avoid Tokyo, Yokohama
Bruce Barnard |
Several German shipping lines suspended calls at eastern Japanese ports, including Tokyo, because of fears crews could be exposed to radiation from the damaged
Maritime
Air Cargo Carriers News
Container lines
Forwarding
Hanjin Takes Delivery of Second 10,000-TEU Ship
Peter T. Leach |
Hanjin Shipping said it took delivery of the second of a series of five container ships with capacities of 10,000 20-foot equivalent units.
Maritime
Container lines
Forwarding
Asia-Europe Spot Index Falls Below $1,000 per TEU
Peter T. Leach |
The spot index for shipping containers from Shanghai to Europe slipped below $1,000 per 20-foot equivalent unit this week for the first time since March 2009 as fears of vessel overcapacity pervaded t
Maritime
Container lines
Forwarding
Maersk Will Reduce Hong Kong Calls
Mike Grinter |
Maersk Line announced Thursday it will reduce ship calls to Hong Kong by up to a third starting in April, with Modern Terminals' Container 9 taking the brunt of one of the biggest shifts in years.
Maritime
Container lines
Forwarding
Customs Clears First Post-Earthquake Shipment from Japan
Peter T. Leach |
U.S. Customs and Border Protection cleared goods arriving on an APL ship from Japan this week, the first shipment of containerized cargo from post-earthquake Japan.
Maritime
Container lines
Forwarding
Hughes Will Not Seek ILA Re-election
Joseph Bonney |
Richard Hughes said he will not seek re-election as president of the International Longshoremens Association, an action that clears the way for Harold Daggett to take the union’s top post in Jul
Maritime
Forwarding
New York Shipping Association Cuts Assessment
Peter T. Leach |
The New York Shipping Association is cutting the assessment it collects on containers destined for delivery within 260 miles of the Port of New York and New Jersey.
Maritime
Forwarding
Port of Rotterdam Boosts 2010 Profit 7 Percent
Bruce Barnard |
The Port of Rotterdam Authority earned a profit $217 million in 2010, an increase of more than $14 million, or 6.8 percent, on the previous year driven by record cargo throughput at Europe's biggest p
Maritime
Forwarding
Maersk Marks Five Years Using Low-Sulfur Fuel
Bill Mongelluzzo |
Maersk Line next week will celebrate the fifth anniversary of its switch from high-sulfur bunker fuel to low-sulfur distillate fuel in its vessels calling at California ports.
Maritime
Container lines
Forwarding
OOCL Orders Six 13,000-TEU Vessels
Peter T. Leach |
OOCL ordered six new ships Wednesday, each with capacities of 13,000 20-foot-equivalent units.
Maritime
Container lines
Forwarding
Cosco Pacific Mulls Trust Listing
Peter T. Leach |
Cosco Pacific, the terminal-operating arm of China Cosco Holdings, said it may put some operations in a business trust following Hutchison Port Holdings Trust's trading debut on the Singapore Stock Ex
Maritime
Container lines
Forwarding
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