Industry News

News from Lloyd’s List – Containers

• UK sets out ambitions for maritime in zero-emission era July 19, 2019
  The UK aims to be a maritime innovation hub and has launched its Maritime Annual Report and Clean Maritime Plan...      Related StoriesStrait of Hormuz crisis: Latest updatesUK promises ‘robust’ response as Iran targets two British-linked tankersIran targets two British-linked tankers 
• Click and connect to explore shipping’s game-changer July 19, 2019
  A transformation is underway in the maritime indusry that is likely to be as seismic as the shift from break-bulk...      Related StoriesTaking the next steps in digitalisation 
• Skou says shipping can fend off competition to hire top IT talent July 19, 2019
  ‘Digitalising global trade is a pretty exciting mission,’ says AP Moller-Maersk chief executive Søren Skou amid concerns about whether the shipping...      Related StoriesKidwell exits Braemar without any regretsThe Interview: Søren SkouInmarsat targets shipping's data usage spike 
• The Interview: Søren Skou July 19, 2019
  When Maersk’s group revenue shrank from $60bn to $35bn between 2011 and 2016, the board of directors called for an...      Related StoriesKidwell exits Braemar without any regretsSkou says shipping can fend off competition to hire top IT talentInmarsat targets shipping's data usage spike 
• Zeaborn founder Meyer steps down July 18, 2019
  Mr Meyer will remain managing partner of holding company Zeaborn holding      Related StoriesIranian TV identifies seized foreign tanker as RiahUpdate: Foreign tanker seized by Iran identified as RiahForeign tanker seized by Iran identified as Riah 
• DP World announces job cuts in Australia July 18, 2019
  Workers at Melbourne and Sydney are to be laid off as the consolidation of container shipping reduces volumes in Australia      Related StoriesStrait of Hormuz crisis: Latest updatesUK promises ‘robust’ response as Iran targets two British-linked tankersIran targets two British-linked tankers 
• Panalpina sees benefit of LCL hub in Cartagena July 18, 2019
  Panalpina's move from Panama to Colombia has improved transit times and reduced costs      Related StoriesStrait of Hormuz crisis: Latest updatesUK promises ‘robust’ response as Iran targets two British-linked tankersIran targets two British-linked tankers 
• Wärtsilä sees weakening of demand in marine business July 18, 2019
  New orders of both marine equipment and services dipped 2% year on year in the first six months of this...      Related StoriesStrait of Hormuz crisis: Latest updatesUK promises ‘robust’ response as Iran targets two British-linked tankersIran targets two British-linked tankers 
• Carriers launch new India-Europe service July 18, 2019
  New service between India and Europe is designed to reduce port calls and improve efficiency      Related StoriesStrait of Hormuz crisis: Latest updatesUK promises ‘robust’ response as Iran targets two British-linked tankersIran targets two British-linked tankers 
• Viewpoint: Why shipping matters July 18, 2019
  The Institute of Chartered Shipbrokers, with its long record of education, will be just the sort of developer we need...      Related StoriesSingapore’s yard merger faces a bumpy roadUK shipping emissions plan is an era-defining momentThe more focused a collaboration, the more it is likely to succeed 
• Unifeeder to offer eight weekly sailings from Sweden July 17, 2019
  New service is said to be aimed at providing multimodal routing options for Swedish exporters in a country that has...      Related StoriesStrait of Hormuz crisis: Latest updatesUK promises ‘robust’ response as Iran targets two British-linked tankersIran targets two British-linked tankers 
• Maritime Intermodal starts new rail services from London Gateway July 17, 2019
  Additional trains at London Gateway will provide greater scale as container volumes at the port continue to grow      Related StoriesStrait of Hormuz crisis: Latest updatesUK promises ‘robust’ response as Iran targets two British-linked tankersIran targets two British-linked tankers 
• Overcapacity still putting pressure on container rates July 17, 2019
  Scrubber refits will take out some capacity ahead of IMO 2020, but pressure will remain in charter rates for smaller...      Related StoriesStrait of Hormuz crisis: Latest updatesUK promises ‘robust’ response as Iran targets two British-linked tankersIran targets two British-linked tankers 
• Logistics firms face risks in adopting new technology July 17, 2019
  Logistics firms are still struggling to implement established technology and services      Related StoriesFall in diesel demand seen changing IMO 2020 fuel mixSeized tanker presents a dilemma for GibraltarDigital ship funding platform brings on board Greek consultancy 
• Digital ship funding platform brings on board Greek consultancy July 17, 2019
  Greek shipping finance consultantancy will handle ‘part of the analytics’ for new electronic platform founded by Dagfinn Lunde, Marina Tzoutzouraki...      Related StoriesFall in diesel demand seen changing IMO 2020 fuel mixSeized tanker presents a dilemma for GibraltarIndonesia to divert more LNG cargoes before demand ramps up 
• Hapag-Lloyd and ONE expand African ocean freight connections July 16, 2019
  New Middle East-India-Africa Express service part of plan to integrate growing African market more tightly into global networks      Related StoriesStrait of Hormuz crisis: Latest updatesUK promises ‘robust’ response as Iran targets two British-linked tankersIran targets two British-linked tankers 
• Between the Lines: Alliance reshuffle to shake up transpacific July 16, 2019
  With roughly half of US imports from China now subject to a 25% tariff, and almost the entirety of Chinese...      Related StoriesFall in diesel demand seen changing IMO 2020 fuel mixSeized tanker presents a dilemma for GibraltarDigital ship funding platform brings on board Greek consultancy 
• Lack of standardisation hampering port automation July 16, 2019
  Various equipment and IT systems that constitute the automated terminals are unable to exchange information in a meaningful and efficient...      Related StoriesStrait of Hormuz crisis: Latest updatesUK promises ‘robust’ response as Iran targets two British-linked tankersIran targets two British-linked tankers 
• MSC secures bail release of vessel seized by US in drugs raid July 16, 2019
  But the ship remains subject to possible forfeiture if the investigation links senior crew members with the cocaine haul      Related StoriesStrait of Hormuz crisis: Latest updatesUK promises ‘robust’ response as Iran targets two British-linked tankersIran targets two British-linked tankers 
• Bunker costs to rise by half on Asia-Europe trades July 16, 2019
  Bunker adjustment factor calculator shows bunker costs rising to $81 per teu on some trades      Related StoriesStrait of Hormuz crisis: Latest updatesUK promises ‘robust’ response as Iran targets two British-linked tankersIran targets two British-linked tankers 

News from JOC Journal of Commerce

• Mexico trucking benchmarks to launch in August July 19, 2019
  [caption caption="Trucking rate information from nine shippers underpins the launch of a benchmarking system that will enable shippers to compare the rates truckers are offering with a market average. Photo credit: Shutterstock"][/caption]Mexican shippers trying to cut trucking costs amid the country’s tight capacity and elevated rates will soon be able...
• Amid sagging trans-Pacific spot rates, analysts forecast mild peak July 19, 2019
  [caption caption="Friday’s spot rates on the Shanghai Containerized Freight Index show that rates in the US import trade from Asia are roughly where they were in mid-July 2018. Photo credit: Shutterstock.com."][/caption]With two analysts expecting less than 3 percent growth this peak season, carriers’ only hope to enjoy an upswing in...
• US drayage rates rise as length of haul shrinks July 19, 2019
  [caption caption="Although domestic drayage rates continue to climb off of record highs in 2018, shippers are not moving containers as many miles, so their overall expenses have fallen nearly 20 percent this year, according to DrayNow. Photo credit: JZ Expedited Companies."][/caption]Drayage expenses have fallen nearly 20 percent this year, according...
• Operational gains path to early shipping decarbonization July 19, 2019
  [caption caption="Slow-steaming, enhanced vessel utilization, and hull fouling optimization are among the promising interim solutions to meet the International Maritime Organization’s (IMO) short-and mid-term decarbonization goals. Photo credit: Shutterstock.com."][/caption]With insufficient supply of alternative fuels for the needs of the global shipping fleet and new ship designs years away from commercial...
• Indian carriers question cabotage reform gains July 19, 2019
  [caption caption="Cabotage liberalization has not been a boon to India’s containerized supply chains, the Indian National Shipowners Association says. Photo credit: PSA India."][/caption]Indian ship owners, reeling under heightened competition, have summarily dismissed an oft-repeated argument by their foreign counterparts that the national cabotage liberalization has propelled domestic transshipment and coastal...
• US shippers seek balance on truck capacity seesaw July 19, 2019
  [caption caption="Truck capacity is overflowing, but not all shippers are chasing the cheapest rates. Photo credit: Shutterstock.com."][/caption]The “mother of all truck capacity shortages” came to an end last year, and shippers in 2019 are awash in trucks — outside, perhaps, of a smattering of temporary, regional shortages that may accompany the...
• ILWU, APM agree to automated LA terminal training July 18, 2019
  [caption caption="With a deal reached on training, APM Terminals’ request for a construction permit needed to install electrical recharging equipment at Pier 400 in Los Angeles can move forward to the final stage of approval. Photo credit: Shutterstock.com."][/caption]International Longshore and Warehouse Union (ILWU) Local 13 and APM Terminals reached a...
• Port growth pushes Jersey space availability to 13-year low July 18, 2019
  [caption caption="The tight market for industrial space around the Port of New York and New Jersey got tighter in the second quarter, as a new study shows that trucks are more likely to make their first stop near to the port than in the past. Photo credit: Hugh R. Morley."][/caption]Warehousing...
• Canadian ports drive PNW market share growth July 18, 2019
  [caption caption="Laden import and export containers moving through the Northwest Seaport Alliance of Seattle-Tacoma in 2018 increased 4 percent from 2017, according to PIERS, a JOC.com sister company within IHS Markit. Growth edged up less than 1 percent in the first half of 2019. Photo credit: Shutterstock.com."][/caption]The Pacific Northwest region...
• Ove Meyer resigns as Zeaborn’s managing director July 18, 2019
  [caption caption="Ove Meyer will remain a managing partner of Bremen-based parent company Zeaborn Holding following his resignation as managing director of multipurpose/heavylift (MPV/HL) carrier group Zeaborn. Photo credit: Zeaborn."][/caption]Ove Meyer, co-founder and one of three Zeaborn shareholders, has resigned as managing director and withdrawn from all operational management of the...
• Sponsored: Blurring division of customer, provider leading logtech possibilities July 18, 2019
  Sponsored: At TPM19, Kontainers' CEO Graham Parker discussed insight from conference panelists on standardization and blockchain; early shipping industry experience that led to his founding of a software provider; building a consumer-type experience for freight forwarders, and the most-misunderstood area of technology.TPM19, Long Beach, California ...
• Panalpina fends off rivals stirred by DSV takeover July 18, 2019
  [caption caption="Panalpina's takeover by DSV, which valued the Swiss-based forwarder at $4.6 billion, should be completed by the fourth quarter. Photo credit: Shutterstock"][/caption] Rival forwarders have been trying to poach Panalpina customers and benefit from the company’s distraction since the DSV takeover announcement, according to Panalpina CEO Stefan Karlen.“Our competitors went...
• Sponsored: Port Houston details investment strategy July 18, 2019
  Sponsored: Port Houston Executive Director Roger Guenther discusses the link between 2018 growth and the port's infrastructure investments, as well as regional economic factors at play.TPM19, Long Beach, California ...
• Australian shippers feel pinch as DP World-labor woes escalate July 18, 2019
  [caption caption="More than 600 workers started a two-day strike at DP World’s Sydney terminal on Thursday. Photo credit: Shutterstock.com."][/caption]Australian shippers already hit with detention fees and shipment delays are bracing for even more fallout as labor tensions escalated between Australia’s stevedoring union and DP World Australia (DPWA), operator of four...
• Sponsored: Data determines ocean carrier leaders in reliability, sustainability July 18, 2019
  Sponsored: Kuehne+Nagel Exec. Vice President of Ocean Freight Otto Schacht on the company's newest efforts to utilize the data they capture to provide better transparency into ocean carrier reliability as well as sustainability, with fuel consumption and carbon footprint measured for various trade lanes and vessels.TPM19, Long Beach, California ...
• E2open builds container shipping beachhead July 18, 2019
  [caption caption="Known primarily as a planning platform for manufacturers, E2open"][/caption]Large global shippers will always be tasked with managing a mix of old and new supply chain software, and thus have two paths to upgrade those systems.They can either invest in multiple systems — such as transportation management, visibility, or trade compliance...
• US truckload pricing battle heats up July 17, 2019
  [caption caption="Second quarter truckload revenue is expected to come in low as excess capacity and lower demand outweigh rate hikes. Photo credit: Shutterstock.com."][/caption]US shippers pressing their trucking suppliers to return some or all of the double-digit rate increases they won last year are running into a problem: Carriers have spent...
• Seasonal project cargo reaches Russia’s Amur gas plant July 17, 2019
  [caption caption="An 835-ton demethanizer is transshipped from heavy-lift vessel to barge at De-Kastri port in Russia. Photo credit: Combi Lift."][/caption]Two massive pieces of project cargo have arrived this month at the site where Russian gas giant Gazprom is building the Amur Gas Processing Plant in a remote location of the...
• PierPass fee increase takes effect Aug. 1 July 17, 2019
  [caption caption="Revenue from the traffic mitigation fee is distributed to the 12 terminal operators at Los Angeles-Long Beach to help offset extra costs incurred operating night and weekend gates. Photo credit: Shutterstock.com."][/caption]Beneficial cargo owners (BCOs) in Los Angeles-Long Beach beginning Aug. 1 will face a 1.9 percent increase in the...
• CSX says lower truck rates hurting intermodal July 17, 2019
  [caption caption="CSX remains confident about intermodal long term, but acknowledged July 16 that trucking rates are low enough that it's hurting containerized shipments and will continue to do so for the rest of the year. Photo credit: Shutterstock.com."][/caption]CSX Transportation provided a grim outlook of the freight market in an earnings...

News from Container Management

• Haina International Terminals implements Xvela’s Collaborative Berth Window Management application July 19, 2019
  Haina International Terminals (HIT) has implemented Xvela’s Collaborative Berth Window Management application with the aim to reduce idle time, improve the use of berth space and increase the service quality for customers. Xvela’s Collaborative Berth Window Management application provides real-time visibility and estimated time of arrival (ETA) values aligned with validated berth prospects. The application […]
• Port of Muuga gets new ferry connection to Finland July 19, 2019
  The Estonian terminal operator HHLA TK Estonia is recevving a new call from Finnish ferry company Eckerö Line, connecting it with Vuosaari in Finland. The multi-function terminal, a fully owned subsidiary of Hamburger Hafen und Logistik AG (HHLA), is looking to strengthen its position as a roll-on roll-off hub (ro-ro) hub in the Baltic region. […]
• Ashdod Port invests around US$16m in port equipment July 18, 2019
  Ashdod Port has received the largest ship-to-shore (STS) crane in Israel and 15 new forklifts, representing a combined total investment of approximately US$16m, in order to improve its operational facility. Manufactured in Shanghai by ZPMC, the crane is designed to handle ships with a capacity of 18,000 teu and it is expected to improve working […]
• APMT Callao launches Peru’s first digital customer platform July 18, 2019
  APM Terminals (APMT) Callao has introduced a customer platform that logs, streamlines and coordinates general cargo operations in the Port of Callao. During the pilot phase, the platform, which was developed together with maritime and customs agents, enabled users to complete transactions 67% faster and operations were completed 12% faster. The operator has invested nearly […]
• CyberLogitec launches new integrated container carrier operations solution July 17, 2019
  CyberLogitec has announced the new ALLEGRO SaaS, an integrated pay-per-use container carrier operations solution. The SaaS version of the premium ALLEGRO solution is meant to help container carriers enjoy visibility and control of their end-to-end supply chain while paying only for the modular functions that they have selected. Jason Hyeon, managing director of CyberLogitec Global, […]
• RAM Spreaders launches fully automated twistlock handling system July 17, 2019
  RAM Spreaders has launched a fully automated twistlock handling system, the PinSmart II, which aims to improve an otherwise dangerous, slow and expensive process for container terminals. Container terminals remove and fit more than 2bn twistlocks from shipping containers per year, according to RAM Spreaders, and the PinSmart II aims to reduce the risk of […]
• Tariffs continue to impact Long Beach volumes July 16, 2019
  Container volumes fell by 10% year-on-year at the Port of Long Beach as the ongoing trade war affects the US West Coast hub. Mario Cordero, the port’s executive director, said: “The story we saw develop in 2018 was retailers forwarding goods to beat tariffs. “For 2019, it seems that the cargo is all here and […]
• Hapag-Lloyd launches new Africa service July 16, 2019
  Hapag-Lloyd has launched a new Middle East-India-Africa Express (MIAX) service, scheduled to start in 2019, which will include direct connections between the Arabian Gulf, India, Colombo, La Réunion, South Africa and West Africa. The service will be jointly operated with Ocean Network Express and is integrated into the global mainline network with the central ports […]
• ICTSI Pakistan launches rail service between Karachi and Lahore July 15, 2019
  International Container Terminal Services (ICTSI)’s Pakistan International Container Terminal (PICT) has launched a dedicated rail cargo service connecting the cities of Karachi and Lahore. The cargo service, which was launched in cooperation with the state-owned Pakistan Railways, aims to move goods faster and at a significantly lower cost to upcountry markets. It is expected that […]
• Hurricane Barry closes New Orleans port July 15, 2019
  The Port of New Orleans was closed for over three days as the remnants of Hurricane Barry passed over the city. The New Orleans container terminal and Ports America terminal closed at noon on Thursday July 11 and vessels were not allowed into the Mississippi river until 6am on Sunday July 14. Rail terminals like […]
• Port of Antwerp has best ever quarter July 12, 2019
  Container freight at the Port of Antwerp performed strongly in the second quarter of 2019 with a new record volume which was immediately topped in May. Container peaks in April and May brought the growth rate to 4.9%, thanks mainly to more transhipment to and from all trading regions with the exception of South America. […]
• UK unveils targets to cut shipping emissions July 12, 2019
  All new ships for UK waters ordered from 2025 should be designed with zero-emission capable technologies, in new plans set out by the British government, aiming to cut pollution from the country’s maritime sector. The government is also looking at ways to incentivise the transition to zero-emission shipping and will consult on this next year. […]
• Port authority of New York and New Jersey unveils 30-year plan July 11, 2019
  The Port Authority of New York and New Jersey has unveiled its “Port Master Plan 2050” which outlines a roadmap of land-use and infrastructure development projects at the port for the next 30 years. The five guiding principles include ensuring sustainability and resiliency in all operations and future developments, promoting regional economic generation, establishing state […]
• Vado Gateway presented to customers July 11, 2019
  APM Terminals (APMT) has confirmed to customers that its new Vado Gateway terminal, located in the Vado Ligure Port Complex, North Western Italy, will be inaugurated on December 12 this year. Once operational, the Vado Gateway Terminal will be fully integrated with the existing Vado Ligure Reefer Terminal. Vado Ligure will become the first semi-automated […]
• JLT Mobile Computers to install computers at ICTSI in Papua New Guinea July 10, 2019
  JLT Mobile Computers has deployed its VERSO 12 computers at International Container Terminal Services, Inc.’s (ICTSI) container terminals in Papua New Guinea. JLT partner Autepra delivered and installed the computers, which are specialised for harsh environments, at South Pacific International Container Terminal Ltd (SPICT) in Lae and Motukea International Terminal Ltd in Port Moresby. ICTSI […]
• Maritime Anti-Corruption Network launches Port Integrity Campaign in Indian Ports July 10, 2019
  The Maritime Anti-Corruption Network (MACN), with the support of the government of India, has launched a Port Integrity Campaign which aims to reduce and (in the long term) eliminate integrity issues and bottlenecks to trade during operations at Indian ports. Key activities of the campaign, a pilot of which will take place in Mumbai ports […]
• Port of Buenos Aires relocates Paraguayan free zone to “facilitate foreign trade” July 9, 2019
  The Port of Buenos Aires has agreed to relocate a 10,700 sq m free zone that Paraguay has within the Argentine port’s jurisdiction, originally granted in 1997. It will be relocated to a new area in the vicinity of Dock F so that “unlike what happened in previous year, it is operational and fulfils its […]
• CSP Iberian Bilbao Terminal opens expanded railway terminal July 9, 2019
  CSP Iberian Bilbao Terminal has opened its renewed and expanded railway terminal, marking the completion of a total 28 months of work. The expansion lengthened all four tracks by 100 m, reaching 550 m, enlarging the storage area from 13,950 to 41,800 sq m, and prepared a stacking area next to the tracks with a […]
• Containerships carries out first simultaneous operations LNG bunkering on a container vessel in Europe July 8, 2019
  Containerships, a CMA CGM group subsidiary, has performed its first simultaneous operations (SIMOPS) bunkering on its Nord vessel, which is powered by liquefied natural gas (LNG), at the Port of Rotterdam. The vessel is also the first container carrier to perform SIMOPS in Europe by means of ship-to-ship bunkering, receiving approximately 200 tonnes of LNG. […]
• Quay crane waiting times down by 90% at APMT Gothenburg July 8, 2019
  The implementation of new standard operational procedures for container lashing at APM Terminals (APMT) Gothenburg has reduced quay crane waiting times by 90%. Using ‘Lean’ methodology, which is being adopted across all of the company’s terminals around the world, a ‘transformation team’ at the facility identified the root cause of the time delay – inaccurate […]

News from CN – Container News

• Special tank transport in the port of Rotterdam July 19, 2019
  Article by Port of Rotterdam:  A remarkable transport by water in the port of Rotterdam: six tanks were transported this week by floating sheerlegs from the production hall where they were built to the terminal where they will soon be used for the storage of biofuels. Watch the video for an impression. A thirty meter […]
• Trial shipment of mangoes from India to Italy July 19, 2019
  In order to promote exports from north India and cut transportation cost, a trial shipment of 10 tonnes of m... The post Trial shipment of mangoes from India to Italy appeared first on Container News.
• Fremantle Port welcomes first of two giant container ships July 19, 2019
  Two of the largest-capacity container ships to ever visit Australia are making calls to the Fremantle Inner ... The post Fremantle Port welcomes first of two giant container ships appeared first on Container News.
• Hapag-Lloyd changes terminal in Veracruz July 19, 2019
  Messrs. Internacional de Contenedores Asociados de Veracruz SA de CV – ICAVE,  have started to m... The post Hapag-Lloyd changes terminal in Veracruz appeared first on Container News.
• Pearl River inland freight volume expected to exceed July 19, 2019
  The inland waterway of China’s Pearl River is expected to see its freight volume exceed 1 billion tonn... The post Pearl River inland freight volume expected to exceed appeared first on Container News.
• CMA CGM applies new GRR from Asia July 19, 2019
  CMA CGM informs of the following General Rate Restoration : Effective Aug... The post CMA CGM applies new GRR from Asia appeared first on Container News.
• APL to update West Coast North service July 19, 2019
  As part of APL’s continuing efforts to enhance service reliability, the shippin... The post APL to update West Coast North service appeared first on Container News.
• MSC announces fresh rates from Asia to Europe July 19, 2019
  MSC Mediterranean Shipping Compa... The post MSC announces fresh rates from Asia to Europe appeared first on Container News.
• New China-Europe freight train route July 19, 2019
  A freight train left Xi’an, capital of northwest China’s Shaanxi Province, heading for Bishkek, ... The post New China-Europe freight train route appeared first on Container News.
• Port of Manzanillo considers expansion project July 19, 2019
  To support the development of the National Port System, to meet the growing demand for port services and gen... The post Port of Manzanillo considers expansion project appeared first on Container News.

News from Tradewinds

• Iran strikes in Strait of Hormuz as Middle East tanker tensions explode July 19, 2019
  Stena and Norbulk vessels captured in latest Middle East shipping drama
• 'Electric' capesize bulker rates climb to highest level since 2010 July 19, 2019
• Public Greek owners shed supramax tonnage in busy summer market July 19, 2019
• Alma Maritime capesize reported sold as S&P market responds to rate rise July 19, 2019
• Petrobras refuses to bunker two Iranian bulkers July 19, 2019
  Duo stranded in Brazil for weeks over lack of fuel.
• OSM Maritime wins double management deal with DFDS July 19, 2019
• EF Marine targets Indian P&I sector July 19, 2019
  Singapore insurer wins approval to operate in sub-continent.
• Teekay LNG Partners presses on with higher distribution payments July 19, 2019
• Jefferies rolls back tanker rate forecasts on Opec cuts and refinery maintenance July 19, 2019
• Court extends Grace 1 arrest for 30 days July 19, 2019
  Gibraltar has at least another month to investigate potential sanctions breach.

News from The Loadstar

• Still no sign of a peak season, and volatile fuel prices add to the pressure on carriers July 19, 2019
  Deepsea container shipping freight rates on the Asia-Europe trades this week again showed that the peak season has yet to materialise, with price quotes for next week showing more marginal declines. According to today’s Shanghai Containerised Freight Index (SCFI), which records a sample of freight rate quotes for the following week, the all-in spot rate […]
• DP World Australia to axe 200 more stevedore jobs in prolonged row with union July 19, 2019
  DP World Australia (DPWA) is to axe 200 dock workers, blaming volume losses since September. Yesterday’s announcement came amid a second bout of industrial action at the port operator’s Sydney, Melbourne, Brisbane and Fremantle terminals, which it said had impacted the entire supply chain, causing delays and additional costs for cargo owners and shipping lines. […]
• Uncertainty over Brexit driving shipowners to run down the UK flag July 19, 2019
  Uncertainty around Brexit may be making its mark, but the loss of vessels this year from the UK Ship Register may also be due to the requirement for vessel operators to comply with EU maritime regulations. According to figures from vesselsvalue.com (VV) obtained by The Loadstar, 234 vessels have reflagged from the UK since the start […]
• Panalpina warns of higher charges to come as first-half profit dips July 19, 2019
  Panalpina has blamed US-China trade tension and market uncertainty for lower first-half profits – and warned of rising charges for customers.  Publishing a Q&A with its heads of air and ocean freight, Lucas Kuehner and Peder Winther, the company notes depressed markets in both modes.  In air freight for the first half, Panalpina’s ebit was Sfr38.4m ($39m), from […]
• Supply chain radar: Remarkably, Kuehne + Nagel holds up ahead of a crucial week July 19, 2019
  Let’s start with two charts today – but they are not from Kuehne + Nagel, the next major 3PL set to report its numbers early next week. Here’s a snapshot of Panalpina’s latest release for ocean freight volumes (K+N is the market leader in this segment) in the second quarter (Q2)… … and then below […]
• Panalpina’s half-year results: ‘a respectable achievement’ or ‘shockingly bad’? July 18, 2019
  Panalpina has claimed it spent the second quarter defending itself against “aggressive” competition to cover an undeniable dip in profits over the six months as the acquisition by DSV loomed. Speculation is mounting that the Danish forwarder may wrap up its acquisition of Panalpina next month, despite initial predictions of an October completion. Panalpina chief […]
• New India-Europe Express service a game-changer, says Hapag-Lloyd July 18, 2019
  A new container service to link ports in eastern India with the Mediterranean and north Europe is set to launch in October by THE Alliance members and Cosco and its subsidiary, OOCL. The South East India-Europe Express (IEX) service will feature calls along India’s eastern coast and the transhipment hub of Colombo for feeder services […]
• Supply chain radar: Why the Sfr5.5bn takeover of Panalpina is even more expensive than we thought July 18, 2019
  “Here we go: Panalpina (PAN)’s first-quarter (Q1) EPS numbers [only slightly lower than comparable, record Q115 EPS since 2015] were just an exception earlier this year. What else?” The Swiss 3PL was the first to report today, in what could well be the beginning of the hottest earnings seasons in recent memory for air and ocean […]
• BAF calculator may help ease uncertainty over looming IMO 2020 fuel rule July 17, 2019
  With the deadline looming for the new IMO regulations reducing vessel sulphur dioxide emissions, new research suggests that fuel costs for shippers on the Asia-Europe trades could rise as much as 50%. The International Maritime Organization’s sulphur regulations will come into force on 1 January and see the sulphur content of ship fuel reduced to […]
• Supply chain radar: Mr Market is betting on Hapag–Lloyd + Evergreen, or… not July 17, 2019
  At times, capital markets send conflicting signs that can be easily dismissed. At other times, however, they are predictive. When it comes to the container shipping industry, the headache for M&A arbitrageurs is that several scenarios have emerged in the past four weeks or so, judging by Mr Market‘s pricing of risk for the main prospects in […]

News from Transport Topics

• Wabco Reports 2Q Declines in Net Income, Revenue July 19, 2019
  Wabco Holdings Inc. reported lower net income and revenue in the second quarter as global economic growth slowed in key regions, including its primary market — Europe.
• Erich Jaeger USA Launches New Product Line July 19, 2019
  Erich Jaeger USA Inc. introduced its Jaeger Expert line of products for tractor and trailer connections aimed at the North American heavy-duty market, including equipment manufacturers, fleets and owner-operators.
• West Michigan International and Idealease of West Michigan Add Service Facility July 19, 2019
  West Michigan International and Idealease of West Michigan recently opened a 56,000-square-foot facility in Kalamazoo.
• Fleet Complete Offers Cummins' Connected Diagnostics July 19, 2019
  Fleet Complete announced a collaboration with Cummins Inc. to provide the Cummins Connected Diagnostics application to customers using the Fleet Complete internet of things platform who have Cummins engines in their vehicles.
• Walmart Shuffles Leadership Team for Store-Digital Integration July 19, 2019
  Walmart Inc. still is trying to get its structure just how it wants it. The retail giant announced its second internal restructuring in as many months as it tries to better integrate its money-losing online business in the United States with its physical stores.
• Love’s Expands in Arkansas July 19, 2019
  Love’s Travel Stops & Country Stores announced the opening of a location in Hazen, Ark., its 13th in the state, that has 111 parking spots for trucks.
• Leslie Doggett Industries Acquires Truck Enterprises Inc. July 19, 2019
  Leslie Doggett Industries, through its Doggett Truck Group, announced it acquired privately held Truck Enterprises Inc., an authorized Western Star, Detroit Diesel and extreme heavy-duty trailer dealer with locations in El Paso, Texas, and Carlsbad, N.M.
• Oil Heads for Worst Week Since May Amid US-Iran Tensions July 19, 2019
  Oil surrendered an early gain July 19 as Tehran denied President Donald Trump’s claim that the U.S. downed an Iranian drone near the Strait of Hormuz, an assertion which had earlier helped oil snap back from four days of losses.
• Continental Renames Longhaul Tire July 19, 2019
  Automotive supplier and tire manufacturer Continental announced it renamed its longhaul tire for improved clarity among fleets and dealers.
• Kansas City Southern Reports Record 2Q Revenue July 19, 2019
  Kansas City Southern on July 19 reported record second-quarter revenue of $714 million, up 5% compared with 2018’s $682.4 million.
• GM Chinese Ally SAIC Braces for First Decline in Annual Sales 14 Years July 19, 2019
  SAIC Motor Corp. expects annual sales to fall for the first time in at least 14 years as China’s biggest automaker battles through a slump in demand roiling the world’s largest car market, according to people familiar with the matter.
• Senate Committee to Consider NTSB, Amtrak Nominees July 24 July 19, 2019
  The Senate Commerce Committee on July 24 will meet for a hearing with several of President Donald Trump’s nominees for senior transportation positions.
• Closing the Skills Gaps July 19, 2019
  It's important for technicians to be savvy with technology, but companies will also train mechanically inclined techs and teach them new skills.
• Understanding the Numbers Behind the Technician Shortage July 19, 2019
  For what seems like ages, whenever discussions occur within this industry about the technician shortage, this question inevitably arises: “Just exactly how many technicians do we need?” A fair question, right? But not an easy one to answer.
• Game On: Trucking Gets Creative in Attracting Young Technicians July 19, 2019
  Millennials and Generation Z have grown up surrounded by sophisticated technologies — such as video games and augmented reality — that now are making the transition from personal pastime to business tools.
• Boeing to Take $4.9 billion Charge Over Grounded 737 Max Jet July 19, 2019
  Boeing is booking a $4.9 billion charge to cover possible compensation to airlines that have canceled thousands of flights since the 737 Max jet was grounded after two deadly accidents, the aircraft manufacturer said July 18.
• Schools Eye Technician Students July 19, 2019
  The diesel technician shortage is a concern within the trucking industry, and technical schools said they’re reaching out to students as early as seventh grade and connecting with adults who want to work with their hands.
• The Technician’s Vital Role in Trucking July 19, 2019
  A major concern of the trucking industry is the widely reported shortage of professional truck drivers, who of course play a vital role in the U.S. economy by safely transporting the nation’s freight.
• FutureTech Champ Advances Her Career July 19, 2019
  Bonnie Greenwood, the first female TMC FutureTech champion, is a shop technician with FedEx Freight.
• Clear Career Paths Needed for Technicians July 19, 2019
  Creating a clear path for career advancement to help attract and retain diesel technicians is key to growing trucking's pool of future leaders, industry experts said.