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Breakbulk Quarterly Intelligence
Platts Containers Update
Singamas issues profit warning for first half as demand, prices fall
Greg Knowler, Senior Editor Europe |
The world’s second-largest container manufacturer has issued a profit warning.
Maritime
GRIs, capacity cuts keep Asia-Europe spot rates up
Greg Knowler, Senior Editor Europe |
Spot rates on Asia-Europe rise for the second week, pushed up slightly by capacity cuts and general rate increases.
Container lines
Maersk signs transport deal with Russian aluminum giant
Greg Knowler, Senior Editor Europe |
Maersk Line and Russian aluminum producing giant Rusal have signed a three-year deal for the transportation of thousands of TEUs annually.
Container lines
Breakbulk News
California terminals open door to potentially weighing containers
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
The associations representing marine terminal operators in Los Angeles-Long Beach and Oakland made an important announcement regarding their position on SOLAS.
Transport, Trade and Regulation News
North American ports
UPS warns shippers of SOLAS delays come July 1
Reynolds Hutchins, Associate Editor |
The U.S. parcel giant expressed frustration, not only with the patchwork of guidance policies from individual nations, but from individual terminal operators as well.
Logistics Technology News
North American ports
Kuehne + Nagel details VGM submission costs to meet SOLAS rule
Hugh R. Morley, Senior Editor |
Freight forwarder to charge more to customers that don't use company portal.
Logistics Technology News
Maritime
LTL truck freight volumes nearly stall at ODFL
William B. Cassidy, Senior Editor, Trucking |
Less-than-truckload shipments only inched upward in May.
LTL
UASC shareholders signal support for merger with Hapag-Lloyd
Dustin Braden, Shipper Relationship Manager |
The shareholders of United Arab Shipping Co. signaled support for a proposed merger with Hapag-Lloyd.
Container lines
US West Coast imports slip ahead of peak season
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Containerized imports and exports moving through West Coast ports declined in April on a year-over-year basis.
North American ports
ALE wins four-year contract for UK offshore wind projects
Joseph Bonney, Senior Editor |
Siemens has awarded a four-year contract to heavy-lift specialist ALE.
Breakbulk News
Groundwork laid for DP World to invest in Somaliland’s Berbera port
Tony Slinn, Special Correspondent |
DP World has signed a “term sheet” with the government of Somaliland to invest hundreds of millions of dollars.
Marine terminals
Breakbulk News
Brazilian beef export surge could lose spark
Rob Ward, Brazil Special Correspondent |
The steep devaluation of the Brazilian currency because of the country's economic weakness has boosted exports.
Container lines
Schneider zeroes in on last-mile business via acquisitions
William B. Cassidy, Senior Editor, Trucking |
Schneider acquires two companies.
Truckload
LTL
Congestion cripples Myanmar's Yangon port
Turloch Mooney, Senior Editor, Global Ports |
The government of Myanmar is searching for a solution to crushing congestion at the Port of Yangon.
International ports
PSA to offer SOLAS container weighing services at terminals
Greg Knowler, Senior Editor Europe |
Singapore-based terminal operator joins its global peers in offering container weighing services from July 1.
Marine terminals
Teamsters’ LA-Long Beach port driver organizing intensifies
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
The Teamsters union is accelerating its efforts to organize harbor truck drivers in Southern California.
Trucking labor
Drayage
Auto trade fuels leap in US-Canada truck traffic
William B. Cassidy, Senior Editor, Trucking |
A surge in auto exports, as well as other goods, helped lift trucking activity at the three largest U.S.-Canada border crossings.
Truckload
LTL
Container lines suffer brutal trans-Pacific contract season
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
After completing the most disappointing service contracting season on record, shipping lines in the eastbound Pacific can at least feel confident that things won’t get any worse.
Container lines
CMA CGM unveils SOLAS electronic submission platform
JOC Staff |
French container line offers online page to help customers.
Container lines
Rickmers acquires Nordana project business
Joseph Bonney, Senior Editor |
Hamburg-based Rickmers-Linie will take over the multipurpose heavy-lift fleet of Nordana Project & Chartering.
Breakbulk News
Shippers able to better tap Russian containerized rail spot market
Eugene Gerden, Russia Special Correspondent |
Russia is making it easier for shippers to secure spot containerized rail transport.
International rail
Trucking News
Great Lakes interests sue US Coast Guard over pilots’ fees
Joseph Bonney, Senior Editor |
U.S. Great Lakes ports, vessel operators and maritime trade groups have filed a lawsuit against the Coast Guard.
Transport, Trade and Regulation News
Breakbulk News
HMM reaches deal with bondholders, charter talks remain
Xiaolin Zeng, Special Correspondent |
Hyundai Merchant Marine announced Wednesday that it has reached a resolution with holders of all five bond issues that are maturing in 2016 and 2017.
Container lines
Australia's Darwin port plans major expansion
Turloch Mooney, Senior Editor, Global Ports |
China’s Landbridge Group said it would invest in a major expansion of Australia’s Darwin Port.
International ports
Breakbulk News
Kerry Logistics starts integrating Apex as US acquisition finalized
Greg Knowler, Senior Editor Europe |
Logistics Technology News
US East Coast imports inch up prior to peak season
Hugh R. Morley, Senior Editor |
Volume rose slightly at East Coast ports as traffic declined elsewhere.
North American ports
Major ACE filing challenge ahead after second deadline cleared
Reynolds Hutchins, Associate Editor |
The second filing deadline for U.S. Customs and Border Protection’s new electronic filing system came and went this past weekend.
Transport, Trade and Regulation News
Automation halves truck turn times at Long Beach port terminal
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Truck turn times at the Port of Long Beach's newly automated Long Beach Container Terminal are half those at other terminals in the Los Angeles-Long Beach port complex.
North American ports
Drayage
Uncle Sam seeks shipper input on how to fight port congestion
Reynolds Hutchins, Associate Editor |
Uncle Sam is seeking input from shippers, transportation providers and others on how to make U.S. ports more competitive.
Transport, Trade and Regulation News
North American ports
Conflicting views on trucker hours, 'restart' collide in Congress
William B. Cassidy, Senior Editor, Trucking |
The battle over truck driver hours-of-service and the 34-hour restart will likely roll into a House-Senate conference committee this summer.
Transport, Trade and Regulation News
Trucking News
Australian ports concerned about lenient approach to SOLAS rule
Zoe Reynolds, Special Correspondent |
A group of ports and maritime authorities questioning whether too light a touch will be taken starting July 1.
Transport, Trade and Regulation News
Chennai port freezes expansion plans after completing deepening project
Manoj Venuath, Special Correspondent |
The Port of Chennai said it has completed a dredging project to make it the deepest in India, but it is holding off on plans to build an outer harbor because of slumping traffic.
International ports
Breakbulk News
Some bondholders approve HMM restructuring
Xiaolin Zeng, Special Correspondent |
Hyundai Merchant Marine said on Tuesday that the first three of five meetings with bondholders to renegotiate credit terms were successful.
Container lines
Cosco, Hanjin add US Gulf call at Mobile
Joseph Bonney, Senior Editor |
China Cosco Shipping and Hanjin Shipping have added a call at the Port of Mobile, Alabama.
North American ports
New Asia-Europe rail services added amid weak ocean rates
Turloch Mooney, Senior Editor, Global Ports |
A container block train bound for Duisburg in Germany pulled out of the northwestern Chinese city of Urumqi at the weekend, the latest milestone in the development of China-Europe container rail links.
International rail
Intermodal providers
Japan to bankroll new Indonesia container port
JOC Staff |
Japan has agreed to provide financial support for a new international port development project in Indonesia.
International ports
Breakbulk News
CMA CGM getting closer to NOL takeover
Greg Knowler, Senior Editor Europe |
Another week, another step closer for CMA CGM toward acquiring NOL.
Container lines
Second-largest Russian terminal to offer SOLAS container weighing
Eugene Gerden, Russia Special Correspondent |
The First Container Terminal is Russia's first container terminal to announce a plan to provide container weighing services.
International ports
World’s longest rail tunnel will shift European cargo from trucks
Bruce Barnard, Special Correspondent |
Switzerland will open the world’s longest rail tunnel June.
International ports
International rail
NY-NJ port truckers buy chassis to cut costs, secure equipment
Hugh R. Morley, Senior Editor |
Some truckers working at the Port of New York and New Jersey are turning away from the leasing system that dominates the industry.
Marine terminals
Trucking News
Drayage
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