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DP World looks to expand in India for accelerated growth
India Special Correspondent | Aug 31, 2016, 1:39 PM EDT
DP World is shoring up its position as the largest private terminal operator in India.
Marine terminals
'K' Line opens Indian joint venture for logistics expansion
India Special Correspondent | Aug 31, 2016, 1:03 PM EDT
Japanese shipping group "K" Line has set up a joint venture with India’s J.M. Baxi Group.
APM Terminals to invest in new berth at NY-NJ port
Bruce Barnard, Special Correspondent | Aug 31, 2016, 12:40 PM EDT
APM Terminals is to invest millions in a new berth at its Port Elizabeth terminal in the Port of New York and New Jersey.
Marine terminals
Rickmers-Linie: No breakbulk/project recovery this year
JOC Staff | Aug 31, 2016, 11:28 AM EDT
Multipurpose carrier's average rates per ton fall 20 percent amid industry-wide overcapacity.
Breakbulk News
Hanjin unraveling as US import rates set to soar
JOC Staff | Aug 31, 2016, 10:40 AM EDT
Sharp spot rate increases could take effect as soon as Thursday.
Container lines
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CI Capital Partners plans logistics, transport acquisitions
William B. Cassidy, Senior Editor, Trucking | Aug 31, 2016, 10:38 AM EDT
With transportation veteran Mark Yeager now a senior adviser, private equity firm looks for a "platform" company as a base for expansion in logistics.
Trucking News
Idle fleet rising as Panamax unemployment hits record
Bruce Barnard, Special Correspondent | Aug 31, 2016, 9:35 AM EDT
The idle container ship fleet remains above 1 million 20-foot-equivalent units and is still rising.
Container lines
Indian unions reject government's appeal to drop Friday strike
India Special Correspondent | Aug 31, 2016, 9:03 AM EDT
Indian trade unions are going ahead with a strike planned for Friday despite government concessions.
Transport, Trade and Regulation News
International rail
Hanjin Shipping will enter receivership after bank support lost
Xiaolin Zeng, east Asia correspondent | Aug 31, 2016, 12:43 AM EDT
Debt-stricken Hanjin Shipping will file for court protection after losing the support of its banks unhappy with its restructuring efforts.
Container lines
Hanjin collapse would ripple through container shipping industry
Greg Knowler, Senior Editor Europe | Aug 30, 2016, 11:57 PM EDT
Few things spook shippers more than the potential for a ship to be arrested in port, something Hanjin has reportedly faced and may see more of as creditors come collecting.
Container lines
Hanjin-HMM merger in national interest, say Korean shipowners
Xiaolin Zeng | Aug 30, 2016, 10:01 PM EDT
A merger of Hanjin and HMM is in the national interest, believes the Korea Shipowners Association.
Container lines
Shippers, truckers tap mobile app for LA-LB port congestion updates
Bill Mongelluzzo, Senior Editor, Trans-Pacific | Aug 30, 2016, 7:03 PM EDT
Drayage companies in Los Angeles-Long Beach are using a mobile app that allows them to manage truck dispatching and avoid trouble spots in a real-time environment.
Drayage
Court backs Waterfront Commission over ILA, NY-NJ employers
Joseph Bonney, Senior Editor | Aug 30, 2016, 6:11 PM EDT
Appeals court rejects claims the commission illegally interfered in collective bargaining agreement.
Longshore labor
Waberer’s increases business despite sluggish European freight market
Dustin Braden, Shipper Relationship Manager | Aug 30, 2016, 5:03 PM EDT
European truckload carrier Waberer’s said it was able to increase revenue and volume in the first half.
Truckload
Massive Under Armour DC poised to boost Baltimore port volume
Hugh R. Morley, Senior Editor | Aug 30, 2016, 5:03 PM EDT
Athletic footwear and apparel maker Under Armour’s plan to build a 1.3-million-square-foot e-commerce distribution and warehouse facility is set to boost container traffic through the nearby Port of Baltimore and enhance the larger logistics park it will move goods through.
North American ports
Shipping alliances court Caribbean terminals in pursuit of certainty
Greg Miller, Special Correspondent | Aug 30, 2016, 3:35 PM EDT
The days of multiuser container terminals could be coming to an end, according to the head of a Colombian container terminal.
Port News
Container lines
Container leasing faces toughest challenge since 2009 downturn
Bruce Barnard, Special Correspondent | Aug 30, 2016, 1:34 PM EDT
The container-leasing industry is facing its toughest financial challenge since the downturn of 2009.
Marine terminals
Lawsuit targets US-Canada nuclear waste transport plan
William B. Cassidy, Senior Editor, Trucking | Aug 30, 2016, 1:20 PM EDT
Opposition to the shipment of liquid radioactive waste from Canada to South Carolina by truck spotlights broader challenge to hazardous materials transportation.
Trucking News
China slowdown dents Shanghai port profit
Angela Yu, Special Correspondent | Aug 30, 2016, 12:31 PM EDT
First-half profit at Shanghai International Port Group fell as the economic slowdown in China dampened demand for shipping services.
International ports
VTG profit soars on lower financing costs, synergies
Bruce Barnard, Special Correspondent | Aug 30, 2016, 11:13 AM EDT
VTG boosted first-half profit the group benefited from lower financing costs and synergies from the acquisition of a rival company.
International rail
MSC launches India-Africa service
India Special Correspondent | Aug 30, 2016, 9:47 AM EDT
Mediterranean Shipping Co. has introduced a new container service between India and Africa to “improve transit times and enhance delivery to those destinations.”
Container lines
Iceland’s Samskip buys Norway’s Euro Container Line
Bruce Barnard, Special Correspondent | Aug 30, 2016, 9:41 AM EDT
Samskip, the Icelandic shipping and logistics group, has bought Norway’s Euro Container Line.
Container lines
Asian transshipment hubs battle for ‘scraps’
Turloch Mooney, Senior Editor, Global Ports | Aug 30, 2016, 9:11 AM EDT
Asia’s transshipment hubs are facing turbulent times.
International ports
Abu Dhabi to add Khalifa Port capacity
India Special Correspondent | Aug 30, 2016, 7:58 AM EDT
Abu Dhabi’s Khalifa Port is accelerating its expansion of capacity.
International ports
Hanjin Group promises to back liner as creditors seen exiting
Xiaolin Zeng | Aug 30, 2016, 4:49 AM EDT
The Korea Exchange has asked the country’s largest carrier for clarification on media reports that it has lost the support of South Korean banks.
Container lines
New trucking rule no guarantee for more intermodal rail business
Reynolds Hutchins | Aug 29, 2016, 6:47 PM EDT
A U.S. federal mandate requiring truck drivers to use electronic logging devices by the end of next year won’t necessarily be the harbinger of a long-anticipated “capacity crunch.”
Transport, Trade and Regulation News
Drayage
LTL
Future of Santos dredging in doubt after flooding, closure
Rob Ward, Brazil Special Correspondent | Aug 29, 2016, 5:48 PM EDT
An 11-year high tide combined with beach erosion to shut down South America’s busiest port and cast doubt on plans to dredge deeper so the port can handle larger ships.
International ports
Container lines
Port infrastructure
Charleston port to add 12 rubber-tire gantry cranes
Joseph Bonney, Senior Editor | Aug 29, 2016, 5:06 PM EDT
The South Carolina Ports Authority has ordered 12 rubber-tire gantry cranes for use at Charleston’s Wando Welch terminal.
North American ports
Marine terminals
CMA CGM invests to turnaround Kingston transshipment hub
Greg Miller, Special Correspondent | Aug 29, 2016, 5:03 PM EDT
It took years longer than expected, but CMA CGM is on its way to transforming the container transshipment terminal in Kingston, Jamaica, into a regional powerhouse.
International ports
Indian regulator reaffirms opposition to terminal VGM fees
India Special Correspondent | Aug 29, 2016, 3:28 PM EDT
India’s maritime administrator is showing no sign of backing down from its previous diktat barring container terminal operators from offering container weighing services on-site for a fee.
Transport, Trade and Regulation News
Russia pushes new port gateways for Asian imports
Eugene Gerden, Russia Special Correspondent | Aug 29, 2016, 3:21 PM EDT
Shippers are welcoming a Russian government plan that could save them thousands of dollars and up to a week in transit time.
International ports
US intermodal rail network primed for expected bumper harvest
Reynolds Hutchins, Associate Editor | Aug 29, 2016, 2:05 PM EDT
U.S. exporters are bracing for what could be another historic harvest this year.
Intermodal providers
North-American rail
Slow growth forecast for US economy, trucking market
William B. Cassidy, Senior Editor, Trucking | Aug 29, 2016, 11:58 AM EDT
Trucking companies and freight shippers shouldn't expect a "rally" or "retreat" but a very slow rebound.
LTL
Maersk reshapes China inland feeder network with new service
Turloch Mooney, Senior Editor, Global Ports | Aug 29, 2016, 11:24 AM EDT
Maersk Line launched a new feeder service to the western Chinese port city of Yibin.
Container lines
Eimskip eyes acquisitions as earnings soar
Bruce Barnard, Special Correspondent | Aug 29, 2016, 10:10 AM EDT
Eimskip is on the acquisition trail again.
Container lines
Eurokai profit jumps, but expects tough times for terminal sector
Bruce Barnard, Special Correspondent | Aug 29, 2016, 9:55 AM EDT
Eurokai’s first-half profit surged, but the leading pan-European container terminal operator warned the industry faces an uncertain future.
Marine terminals
Wild Asia-Europe rate ride bumpy for shippers
Greg Knowler, Senior Editor Europe | Aug 29, 2016, 6:55 AM EDT
Volatile Asia-Europe freight rates don't help anyone in the market, shippers say.
Maritime
Hanjin makes breakthrough in charters, debt repayment
Xiaolin Zeng | Aug 29, 2016, 3:48 AM EDT
There is a glimmer of light at the end of the Hanjin tunnel as its main charterer agrees to a deal and foreign banks delay debt repayments.
Container lines
Room to grow drives Freeport, Texas, ro-ro growth
Joseph Bonney, Senior Editor | Aug 28, 2016, 6:00 AM EDT
With ample room for expansion, Hoegh Autoliners chooses the Texas port for U.S. ro-ro imports and exports.
North American ports
Unpredictable ro-ro volumes strain port capacity
Joseph Bonney, Senior Editor | Aug 27, 2016, 6:00 AM EDT
Automotive interests press for efficient planning by supply chain partners to help ports keep up with volume.
Maritime
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