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Shipping loans slam HSH Nordbank pretax profit
Bruce Barnard, Special Correspondent |
HSH Nordbank booked a loss provision of 2 billion euros for loans to its struggling shipping clients.
Transport, Trade and Regulation News
Maritime
UK ports seek exemption from EU port services regulation
Bruce Barnard, Special Correspondent |
The EU’s Port Services Regulation has finally come into force.
Transport, Trade and Regulation News
DP World Nhava Sheva taps new tech for truck gates
Special Indian Correspondent |
Technology aims to reduce wait times at India's busiest container gateway.
International ports
Drayage
Scope of carrier alliance changes comes into view
Greg Knowler, Senior Editor Europe |
In just two days, shippers will be dealing with a totally changed container shipping landscape as the global carriers roll out their new alliances.
Maritime
Container lines
Singamas: Carriers, lessors rushing to order containers
Greg Knowler, Senior Editor Europe |
Singamas has reported a full orderbook for the first quarter as carriers and container lessors try to avoid any shortages in boxes.
Maritime
Container lines
Marine terminals
LA-LB's handling of new alliances hinges on cooperation
Bill Mongelluzzo, Senior Editor |
Fostering cooperation among supply-chain sectors is the main challenge LA-LB faces in handling the new alliances.
North American ports
VIDEO: Shipping industry must focus on mutual success
JOC Staff |
How can the shipping industry reach a model where everyone can succeed?
Container lines
Wal-Mart’s Mobile DC to build on Gulf’s Asia import gains
Joseph Bonney, Senior Editor |
World's largest retailer plans to build a $135 million import distribution center.
North American ports
Yang Ming losses doubled in 2016
Reynolds Hutchins, Associate Editor |
The report of deep losses comes as the Taiwanese government pressures the carrier to reform or face a considerable shakeup.
Container lines
Russia sets new rules for ocean carrier pricing
Eugene Gerden, Russia Special Correspondent |
The new rules underscore a recent trend of greater government scrutiny of the pricing practices of the world’s leading ocean carriers.
Transport, Trade and Regulation News
Container lines
Online freight platforms reap funds from digitalization drive
Greg Knowler, Senior Editor Europe |
Investor interest in digitalizing the logistics process continues to grow.
Logistics Technology News
Expansion key after Cosco Shipping Ports' profits tumble
Turloch Mooney, Senior Editor, Global Ports |
The company sees overseas expansion increasingly important in the wake of the launch of the new alliances.
Marine terminals
Freightos gets another $25M in funding
Hugh R. Morley, Senior Editor |
Most of the latest investment will be spent broadening the current focus on trans-Pacific routes to include other parts of the world.
Logistics Technology News
US shipper demand for velocity, visibility reshaping trucking
William B. Cassidy, Senior Editor |
The largest US trucking companies now are owned by large logistics operators looking to provide end-to-end services for shippers.
Trucking News
LTL
Truck brokers
US exporters eye new CN ramp for truck savings
Reynolds Hutchins, Associate Editor |
Regional shippers can pay considerably less than having their goods trucked to the rail hub of Chicago.
North-American rail
US regulators clear 2M pact with HMM
Reynolds Hutchins, Associate Editor |
Although the 2M Alliance will launch April 1, the HMM agreement will go into effect as soon as March 30.
Transport, Trade and Regulation News
Bottom for multipurpose vessel rates spotted
Joseph Bonney, Senior Editor |
Supply and demand are moving in the right direction for MPV operators.
Breakbulk News
Ferromex owner to buy FEC in first US rail acquisition
Reynolds Hutchins, Associate Editor |
The acquisition, announced Tuesday, must still pass muster with regulators in the United States and Mexico.
International rail
Yokohama port to reward green ships
Tomoo Yatsuhashi, Japan Special Correspondent |
Ships calling Yokohama can stack various incentive schemes to get discounts of up to 100 percent on port dues.
Container lines
Scotland’s Greenock terminal eyes doubled traffic in five years
Bruce Barnard, Special Correspondent |
Greenock Ocean Terminal is deepest Scottish container terminal renowned around the world for its exports of Scotch whisky.
International ports
CMA CGM, PSA double capacity at Singapore terminal
Bruce Barnard, Special Correspondent |
CMA CGM said the terminal has achieved an average gross berth productivity of more than 160 moves per hour.
International ports
South Brazilian terminal invests as it bucks recession
Rob Ward, Brazil Special Correspondent |
New equipment at Tecon Rio Grande worth $40 million should help the south Brazilian port handle growing volume.
International ports
Adani Ports ratchets up efforts to grab JNPT cargo
India Special Correspondent |
Adani Ports and Special Economic Zone's first global conference was attended by representatives from cargo interests, freight forwarders, and manufacturers.
Marine terminals
New signs point to possible container shortage
Greg Knowler, Senior Editor Europe |
A decline in production numbers and China regulations on paint look set to limit the availability of containers, which could spell trouble when demand picks up in peak periods.
Maritime
Marine terminals
Russian terminal operators face record price-fixing fines
Eugene Gerden, Russia Special Correspondent |
The fine against each company could reach 9-10 billion rubles ($150-170 million).
Transport, Trade and Regulation News
Container traffic rebound points to market uptick
Bruce Barnard, Special Correspondent |
The fourth-quarter performance might be a blip, but there are plenty of indicators it isn't.
Port News
Small US trucking companies bolster capacity
William B. Cassidy, Senior Editor |
QualifiedCarriers.com data show more smaller trucking firms entering market as big carriers cut capacity.
Truckload
Truck brokers
LA-LB chassis back-up sends warning signals
Bill Mongelluzzo, Senior Editor |
Current back-up of chassis in LA-LB port is sign of deeper problems.
Marine terminals
Drayage
Tokyo introduces new container terminal use rules
Tomoo Yatsuhashi, Japan Special Correspondent |
The Port of Tokyo has changed rules regarding the use of its flagship Oi Container Terminal.
Fewer major transshipment hubs likely in new alliances
Turloch Mooney, Senior Editor, Global Ports |
“We should expect a general development wherein networks will gradually migrate toward designs with fewer but larger hubs.”
Port News
Container lines
New road-rail option links Thailand with Poland
Greg Knowler, Senior Editor Europe |
Road from Southeast Asia to China and rail on to Poland — another service option as the overland route between Asia and Europe grows in popularity.
Rail News
Thessaloniki port attracts three bids
Bruce Barnard, Special Correspondent |
The successful bidder will be obliged to invest 180 million euros in the port over seven years.
International ports
India's Pipavav Port expands intermodal rail
India Special Correspondent |
Vadodara is an intersection of Indian rail routes and a major industrial and manufacturing location.
Marine terminals
April brings rate hikes, new alliances, contract finalization
Greg Knowler, Senior Editor Europe |
The April 1 rate increases will coincide with the launch of the new alliances and the closing out of BCO contracting season.
Maritime
Container lines
US West Coast ports target better flow
Bill Mongelluzzo, Senior Editor |
US West Coast ports focus on operational improvements.
North American ports
Near-sourcing in wind energy to impact breakbulk growth
Joseph Bonney, Senior Editor |
A gale of change is blowing in the wind energy industry, a growing market that’s a project cargo mainstay.
Breakbulk News
US bill reintroduced to prevent labor slowdowns, disruptions
Reynolds Hutchins, Associate Editor |
The same legislation was introduced once before without ever making it out of the Senate.
Longshore labor
Transport, Trade and Regulation News
North American ports
Trailer Bridge extends Dominican Republic niche service
Joseph Bonney, Senior Editor |
Trailer Bridge is developing a new niche with 53-foot containers on a twice-weekly service to Santo Domingo
Container lines
Eastbound trans-Pac spot rates fall ahead of spring restock
Bill Mongelluzzo, Senior Editor |
Steady slide in eastbound Pacific spot rates should be coming to an end.
Container lines
Schneider, largest private US trucking firm, launches IPO
William B. Cassidy, Senior Editor |
An infusion of capital from a stock offering would help Schneider expand services, update equipment, and acquire companies.
Truckload
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