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Breakbulk Quarterly Intelligence
Platts Containers Update
ICTSI profit up on rising global trade
Dustin Braden, Shipper Relationship Manager |
A wide range of transportation companies have reported higher volumes in the first half and second quarter.
Marine terminals
ELDs can unlock more US truckload capacity
Mark Szakonyi, Executive Editor |
In technology speak, the collecting of data from ELDs is part of the so-called Internet or Network of Things.
Truckload
Transport, Trade and Regulation News
Logistics Technology News
Surging Portland auto traffic unaffected by container woes
Joseph Bonney, Senior Editor |
Vehicle shipments through the Port of Portland continue to rise at double-digit clip.
North American ports
Breakbulk News
Rising Asian volumes choke Europe rail terminals
Greg Knowler, Senior Editor Europe |
The growing popularity of shipping containers by rail from China to Europe is leading to delays as increasing cargo volume begins to overpower European terminals.
International rail
Kintetsu revenue soars on strong cargo volumes
Tomoo Yatsuhashi, Japan Special Correspondent |
Kintetsu is the latest of several leading international freight forwarders that have recorded higher volumes in the April to June quarter.
Logistics Technology News
Rail push, economic growth lift Concor earnings
India Special Correspondent |
Concor’s net profit during jumped 36.4 percent year over year.
International rail
Hong Kong block exemption troubles shippers, carriers
Greg Knowler, Senior Editor Europe |
It took the Competition Commission of Hong Kong almost two years to grant liners a block exemption from anti-trust laws, but the exemption order has been greeted with grumbling by shippers and carriers.
Container lines
Transport, Trade and Regulation News
Zeaborn buys five Rickmers heavy-lift ships
JOC Staff |
Germany’s Zeaborn Group has consolidated its presence in the heavy lift/project cargo shipping market.
Breakbulk carriers
Of billions lost, Hanjin creditors may get two cents to dollar
Hugh R. Morley, Senior Editor |
Creditors of bankrupt carrier Hanjin Shipping have filed claims that would give them only a tiny proportion of what is owed, a company attorney has told a New Jersey bankruptcy court.
Container lines
Port tenant: NY-NJ forced us to vacate warehouse space
Reynolds Hutchins, Associate Editor |
The New Jersey-based company told the US Federal Maritime Commission that the port authority has asked it to vacate warehouse space, not only at an expense to business but to it shipper customers.
North American ports
Demand drives US-Latin America network expansion
Dustin Braden, Shipper Relationship Manager |
Behind the new services are surging volumes of key commodities.
Container lines
Panama OKs new canal tolls aimed at big ships
Joseph Bonney, Senior Editor |
The toll changes will be the first since the canal opened new locks in June 2016.
International ports
Maritime
Container lines
Hong Kong grants five-year carrier block exemption
Greg Knowler, Senior Editor Europe |
It took the Hong Kong regulator almost two years to grant liner shipping a five-year block exemption from complying with the Competition Ordinance, but it starts today.
Container lines
Transport, Trade and Regulation News
YRC shakes up network for faster service
William B. Cassidy, Senior Editor, Trucking |
Shippers want faster door-to-door service from less-than-truckload carriers.
LTL
Japan bankrolls Sihanoukville Port expansion
Tomoo Yatsuhashi, Japan Special Correspondent |
JICA signed the loan deal with the Cambodian government in Tokyo on Monday.
International ports
JNPT clears legal hurdle for speedy import program
India Special Correspondent |
The petitioners have two weeks to appeal the ruling.
International ports
Floating terminal to be built to relieve Chittagong congestion
Syful Islam, Bangladesh Special Correspondent |
“The congestion in Chittagong port has gone beyond the tolerable limit.”
International ports
Maritime
Transport, Trade and Regulation News
Container lines
Surging volumes push Deutsche Post DHL to record quarter
Bruce Barnard, Special Correspondent |
Deutsche Post DHL posted its strongest ever second quarter result.
Logistics Technology News
India reaffirms commitment to Chabahar port development
India Special Correspondent |
The project was high on the agenda of a delegation led by Indian Shipping & Transport Minister Nitin Gadkari.
International ports
Marine terminals
NJ tries again to tighten reins on Waterfront Commission
Joseph Bonney, Senior Editor |
Christie-signed legislation still requires New York's concurrence.
Longshore labor
San Diego port project to expand breakbulk storage
Joseph Bonney, Senior Editor |
Removal of old transit sheds will provide more open space for cargo.
North American ports
Breakbulk News
US Customs awaits budget and Trump focus
Alan M. Field, Special Correspondent |
The US administration under President Donald Trump may have generated shockwaves elsewhere, but little has changed when it comes to Customs cargo clearance.
Transport, Trade and Regulation News
New carrier capacity heating up market share battle
Bruce Barnard, Special Correspondent |
The orders threaten the industry’s fragile return to profitability.
Container lines
Liner reliability still poor despite first half improvement
Greg Knowler, Senior Editor Europe |
The schedule reliability of carriers on the four main east-west trades in the first half has improved but remains at unimpressive levels.
Maritime
Tragedy strikes Mercosul Line ahead of CMA CGM takeover
Rob Ward, Brazil Special Correspondent |
Brazilian coastal carrier Mercosul Line last week suffered two accidents.
Container lines
Sumitomo Warehouse withstands shipping unit slump
Tomoo Yatsuhashi, Japan Special Correspondent |
The company blamed the shipping segment’s poor performance on slumping freight rates and cargo volumes.
Logistics Technology News
Container lines
Road-to-rail conversion at India's top port gains speed
India Special Correspondent |
By volume, JNPT handled 61,383 TEU during the month via rail.
International rail
Liner shipping's rising tide lifts OOCL into first-half profit
Greg Knowler, Senior Editor Europe |
OOCL in first half profit turnaround as volumes and higher rates push up revenue.
Container lines
US imports from Europe rise, but exports stall
Dustin Braden, Shipper Relationship Manager |
The strong US dollar underpins strong growth in the westbound trade, but exports stagnate.
Container lines
Low sulfur marine fuel rule comes with high price
Peter Tirschwell |
Container lines
Transport, Trade and Regulation News
Politically charged trans-Atlantic maintains slow growth
Bruce Barnard, Special Correspondent |
The trans-Atlantic trade remains an oasis of calm, but political threats and opportunities could shake up the trade.
Container lines
New ILWU contract aids US West Coast effort to regain share
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
ILWU three-year contract extension is now official
Longshore labor
Court orders Santos emergency dredging resume
Rob Ward, Brazil Special Correspondent |
The situation is so acute at Santos that it has grabbed the attention of the highest levels of the federal government in the capital of Brasilia.
International ports
Port infrastructure
China wastepaper import ban less severe than feared
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
China dominates US scrap paper exports, accounting for almost 84 percent of total containerized wastepaper exports.
Container lines
Port Houston extends gate hours at Bayport terminal
Joseph Bonney, Senior Editor |
Change takes effect on Oct. 2. Longer hours at Barbours Cut to be phased in later.
North American ports
Trucking News
Drayage
Trans-Pacific spot rates hold onto gains of last week
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Carriers indeed have greater pricing power this year.
Container lines
Highway expansion heats up St. Petersburg port competition
Eugene Gerden, Russia Special Correspondent |
Bronka’s proximity to the ring road means that shippers will not have to rely on rail as much to get shipments into St. Petersburg.
International ports
Trucking News
Strong demand sends Nippon Express profit soaring
Tomoo Yatsuhashi, Japan Special Correspondent |
The biggest Japanese international freight forwarder’s net profit came to 11.1 billion yen ($101 million).
Logistics Technology News
Indian port growth overcomes monsoons, Maersk hack
India Special Correspondent |
India’s top container gateway is leading the gains.
International ports
Asia-Europe spot rates up from last year amid muted increases
Greg Knowler, Senior Editor Europe |
The Asia-Europe spot market remains volatile, but the familiar ups and downs have been far less compared with rate movements last year.
Container lines
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