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Platts Containers Update
Drewry: Multipurpose shipping faces two more lean years
Bruce Barnard, Special Correspondent | Oct 11, 2016, 11:58 AM EDT
The struggling multipurpose shipping sector shouldn’t count on a rebound in container and dry-bulk rates for a quick return to profitability.
Breakbulk News
Container lines
Global spat over steel trade could shift supply patterns
Joseph Bonney, Senior Editor | Oct 11, 2016, 11:53 AM EDT
Steel is the world’s most important industrial material and has direct and indirect impact on breakbulk volumes.
Breakbulk News
Forwarding
APMT, Maersk Line bid for terminal at fast-growing Colombo port
Bruce Barnard, Special Correspondent | Oct 11, 2016, 11:19 AM EDT
APM Terminals and Maersk Line have joined a consortium that is bidding to develop a new container terminal in Colombo.
International ports
Panama moves forward with Corozal port project
Joseph Bonney, Senior Editor | Oct 11, 2016, 10:57 AM EDT
Four port operators have until Feb. 3, 2017, to submit economic proposals to design, build, and operate a container transshipment terminals near Corozal, at the Pacific entrance to the Panama Canal.
Maritime
Tough market leaves project cargo shippers no room for error
Joseph Bonney, Senior Editor | Oct 11, 2016, 10:30 AM EDT
The collapse of Hanjin Shipping has underscored the increasingly high stakes in the project cargo and breakbulk business, which can be risky even in the best of times.
Breakbulk News
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New Russian customs system spawns delays, higher costs
Eugene Gerden, Russia Special Correspondent | Oct 11, 2016, 10:22 AM EDT
A new Russian system of customs clearance for cargo passing through the country’s seaports has led to delays and higher costs for shippers.
Transport, Trade and Regulation News
LA-LB Hanjin box congestion worsens
Bill Mongelluzzo, Senior Editor, Trans-Pacific | Oct 10, 2016, 7:40 PM EDT
Upward of 20,000 empty Hanjin containers remain scattered throughout Southern California with no place to go.
Container lines
Trucking News
Drayage
Marine terminals
Judge: Hanjin can’t charge shippers for boxes it can’t carry
Hugh R. Morley, Senior Editor | Oct 10, 2016, 4:23 PM EDT
Hanjin Shipping cannot require payment from exporters who find another carrier to move cargo that the South Korean carrier was unable to deliver, a US bankruptcy court judge has ruled.
Container lines
Bimco urges IMO to delay requirement for low-sulfur bunker fuel
Dustin Braden, Shipper Relationship Manager | Oct 10, 2016, 4:04 PM EDT
The committee is scheduled to meet Oct. 23 to determine whether the 0.5 percent global cap should take effect in 2020 or be postponed till 2025.
Container lines
Transport, Trade and Regulation News
E-commerce shoppers prioritize delivery control
Dustin Braden, Shipper Relationship Manager | Oct 10, 2016, 1:58 PM EDT
A greater customer emphasis on control over deliveries means e-commerce companies and shippers will increasingly pressure their transportation partners to provide the visibility and flexibility needed to enable that control.
Logistics Technology News
Crane order positions DP World Australia for growth
JOC Staff | Oct 10, 2016, 12:54 PM EDT
DP World Australia has ordered four ship-to-shore cranes for its terminals on the east coast of Australia.
Marine terminals
US ports reopen after Hurricane Matthew
JOC Staff | Oct 10, 2016, 12:31 PM EDT
Ports from Miami to Hampton Roads resumed cargo operations Monday.
North American ports
Breakbulk News
Schneider National, largest private US trucking firm, plans IPO
William B. Cassidy, Senior Editor, Trucking | Oct 10, 2016, 10:52 AM EDT
Schneider National, family-owned since 1935, plans a financial lane change in 2017.
Truckload
Productivity, capacity upgrades drive growth at major Indian ports
India Special Correspondent | Oct 10, 2016, 10:13 AM EDT
Productivity and capacity improvements via the government's Sagar Mala investments are beginning to produce results.
International ports
Shippers advised to closely monitor alliance partners' financial health
Greg Knowler, Senior Editor Europe | Oct 10, 2016, 4:20 AM EDT
Hanjin's bankruptcy has shown that it is not only shippers that need to pay attention to the financial state of their chosen carriers, alliance members also need to keep an eye on their partners.
Container lines
Shippers look to secondary markets in US for industrial space
Bill Mongelluzzo, Senior Editor, Trans-Pacific | Oct 9, 2016, 9:00 AM EDT
The most dynamic expansion in industrial real estate in the United States is happening in so-called second-tier markets with close access to big population centers.
Industrial Real Estate News
Alliances pressed for failsafe plans after Hanjin collapse
Mark Szakonyi, JOC.com Executive Editor | Oct 8, 2016, 9:00 AM EDT
Shippers want assurance from ocean carrier alliances that there are emergency plans in place if one of their container lines can’t deliver its own cargo and that of its member partners.
Container lines
Transport, Trade and Regulation News
US trucking company involved in deadly explosion ordered off road
William B. Cassidy, Senior Editor, Trucking | Oct 7, 2016, 9:28 PM EDT
Finding and shutting down bad trucking operators remains a challenge for US regulators, as the case of a Georgia company ordered off the road Friday shows.
Truckload
Protecting against another Hanjin difficult, not impossible
JOC Staff | Oct 7, 2016, 7:21 PM EDT
Shippers must be keenly aware of the financial health of their container lines, and the alliance partners of those lines, if they want avoid the type of widespread disruption experienced during the collapse of Hanjin Shipping.
Logistics Technology News
Container lines
China’s beef with DDG imports could chill US exports
Bill Mongelluzzo, Senior Editor, Trans-Pacific | Oct 7, 2016, 6:55 PM EDT
Exports of all kinds have been lackluster the past year because of the strong dollar, so any anitpathy towards them is likely to have an impact.
Container lines
Judge paves way to arrest of off-charter Hanjin ships in US waters
Hugh R. Morley, Senior Editor | Oct 7, 2016, 6:31 PM EDT
A federal judge on Friday ordered Hanjin Shipping to reveal when vessels it operates go off charter, opening them up to arrest should they enter US waters without paying off liens held against them.
Container lines
NYK expects loss of $1.9 billion in first half
Dustin Braden, Shipper Relationship Manager | Oct 7, 2016, 3:39 PM EDT
NYK Line on Friday announced that it expects to book extraordinary losses of nearly $2 billion.
Container lines
Late trans-Pacific peak season surge seen ahead
Bill Mongelluzzo, Senior Editor, Trans-Pacific | Oct 7, 2016, 3:28 PM EDT
Peak season 2016 has finally arrived, and it looks like it will be short but sweet.
Container lines
North American ports
Hanjin chairman blames collapse on banks, creditors, governments
Greg Knowler, Senior Editor Europe | Oct 7, 2016, 1:54 PM EDT
Hanjin Group chairman Cho Yang-ho spreads the blame for the demise of South Korea’s largest container line.
Container lines
Seattle-Tacoma ports urged to take aggressive steps to stem cargo loss
Bill Mongelluzzo, Senior Editor, Trans-Pacific | Oct 7, 2016, 1:29 PM EDT
Seattle and Tacoma, which since last year have operated under the Northwest Seaport Alliance, rank fourth in the US as a port complex, but that could change if it continues to lose cargo.
North American ports
Trucking sheds jobs amid weak US freight demand
William B. Cassidy, Senior Editor, Trucking | Oct 7, 2016, 12:23 PM EDT
After two months of job creation, trucking employment numbers dropped in September, another indication of slow freight demand and excess truckload capacity.
Trucking labor
LTL
Vietnam plans mega-port as Da Nang congestion builds
Turloch Mooney, Senior Editor, Global Ports | Oct 7, 2016, 9:16 AM EDT
Vietnam is planning a major new port facility to alleviate congestion at the Da Nang Port complex.
International ports
Breakbulk News
US ports want ‘backstop’ on funds from harbor tax
Joseph Bonney, Senior Editor | Oct 7, 2016, 8:33 AM EDT
For years, ports have pushed to ensure that all Harbor Maintenance Trust Fund collections are used for dredging and not diverted to other uses.
Transport, Trade and Regulation News
Breakbulk News
Port infrastructure
North American ports
Carriers line up slow season rate rises out of Asia
Greg Knowler, Senior Editor Europe | Oct 7, 2016, 4:51 AM EDT
Several trades out of Asia are in line for rate increases as carriers try to lift prices during the low season months.
Container lines
Top truck lobby slams US truck speed limiter plan
William B. Cassidy, Senior Editor, Trucking | Oct 6, 2016, 6:15 PM EDT
The American Trucking Associations has spurned a proposal it lobbied hard to get: a mandate that trucks be fitted with speed limiters.
Transport, Trade and Regulation News
Trucking News
LTL
Hanjin details when some but not all stranded ships will call US ports
Hugh R. Morley, Senior Editor | Oct 6, 2016, 5:15 PM EDT
Hanjin Shipping on Thursday gave US importers awaiting the discharge of their stranded goods a better idea of when some ships will call at a US port.
Container lines
XPO injects technology into multi-modal network
William B. Cassidy, Senior Editor, Trucking | Oct 6, 2016, 5:02 PM EDT
XPO Logistics will spend $425 million this year on technology to get the most out of diverse international operations and optimize customer supply chains, says CEO Bradley S. Jacobs.
Logistics Technology News
Trucking News
LTL
HMM deploys speedy trans-Pacific service amid peak season
Bill Mongelluzzo, Senior Editor, Trans-Pacific | Oct 6, 2016, 4:01 PM EDT
Hyundai Merchant Marine announced Thursday commencement of a new trans-Pacific service.
Container lines
Project to reduce road congestion between Brisbane and port
JOC Staff | Oct 6, 2016, 3:40 PM EDT
The Port of Brisbane on Tuesday began work on a wide-ranging roadwork project.
International ports
DHL enhances high-value logistics capability in Europe via acquisition
JOC Staff | Oct 6, 2016, 2:07 PM EDT
Among the services that MIT Safetrans provides are the commissioning of MRI machines and ATMs.
Logistics Technology News
Canada Customs to work with forwarders on weeks-long delays
JOC Staff | Oct 6, 2016, 12:19 PM EDT
Canadian customs is partnering with forwarders to determine where bottlenecks are in cargo clearance and how to remove them.
Transport, Trade and Regulation News
Booking cancellation fee making comeback, led by Hapag-Lloyd
Greg Knowler, Senior Editor Europe | Oct 6, 2016, 11:50 AM EDT
The container booking cancellation fee appears to be making its way back into container lines’ overflowing surcharge box — much to the disdain of shippers.
Container lines
Rotterdam port ramping up containerized rail reach to hinterland
Reynolds Hutchins, Associate Editor | Oct 6, 2016, 11:35 AM EDT
The Port of Rotterdam is aiming to expand its reach into the central European hinterland via containerized rail.
International ports
Rail News
International rail
Container shuttle service connects south Brazilian terminals
Rob Ward, Brazil Special Correspondent | Oct 6, 2016, 10:08 AM EDT
Shippers of meats, furniture, tobacco, would chips, shoes, and resins and petrochemicals will be the biggest beneficiaries from the service.
International ports
PIL joins India logistics investment rush with joint venture
India Special Correspondent | Oct 6, 2016, 8:17 AM EDT
PIL is the latest of a series of global transportation and logistics service providers seeking new growth opportunities in India.
Container lines
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