The climate change agenda is making such quick inroads into shipping that some shipping companies may think their best option... Related StoriesSouth Korean group eyes bid to operate Qatar LNG carriersSouth Korean group eye bid to operate Qatar LNG carriersIranian tanker continues to spill oil after Red Sea ‘attack’
So much has changed in the global economy over the past 20 years that shipping would be foolish to believe... Related StoriesFrom the News Desk: Tankers on fire and the future in fluxViewpoint: Speed or power?Pacific Radiance’s revamp tests Singapore’s debt restructuring aims
Average spot rates on the Asia-Northern Europe trade are down 18% on the past year, despite a near 6% increase... Related StoriesSouth Korean group eyes bid to operate Qatar LNG carriersSouth Korean group eye bid to operate Qatar LNG carriersIranian tanker continues to spill oil after Red Sea ‘attack’
As of end-July, the company’s total current liabilities amounted to Yuan79.2bn, including Yuan24.6bn short-term borrowings, whereas its cash and cash... Related StoriesSouth Korean group eyes bid to operate Qatar LNG carriersSouth Korean group eye bid to operate Qatar LNG carriersIranian tanker continues to spill oil after Red Sea ‘attack’
Up to £86m ($109m) of UK taxpayer cash will be used to fund a set of contracts handed out to... Related StoriesSouth Korean group eyes bid to operate Qatar LNG carriersSouth Korean group eye bid to operate Qatar LNG carriersIranian tanker continues to spill oil after Red Sea ‘attack’
Workshop participants agreed that progress in ballast water treatment was being held back by an attempt to attain absolute elimination... Related StoriesShipmanagers can expect rapid evolution ahead, but it won’t all be smooth sailingPerfecting your RFP processRogue shippers: The bane of box shipping
The newly elected chairman of the European Maritime Law Organisation hopes to broaden the scope of interest beyond competition law... Related StoriesRegistry calls for review of IMO’s casualty investigation codeMaersk and Cargill aim for 100 tankers in MR poolShrinking fleet may aid smaller dry bulk segment
Italy’s maritime economy lacks the central oversight and organisation that benefit other European governments Related StoriesWTO Brexit ‘threatens UK’s maritime legal standing’Dirty market rates lure LR2 ownersLR2s tempted to switch by better dirty market rates
Leading freight forwarder Kuehne + Nagel is extremely cautious about securing long-term contracts into 2020 against a backdrop of high... Related StoriesWTO Brexit ‘threatens UK’s maritime legal standing’Dirty market rates lure LR2 ownersLR2s tempted to switch by better dirty market rates
Carriers have little to look forward to on the transpacific trade as shippers look elsewhere Related StoriesWTO Brexit ‘threatens UK’s maritime legal standing’Dirty market rates lure LR2 ownersLR2s tempted to switch by better dirty market rates
In this week’s review of the stories shaping shipping, our containers kingpins James Baker and Linton Nightingale discuss the peak... Related StoriesWTO Brexit ‘threatens UK’s maritime legal standing’Dirty market rates lure LR2 ownersLR2s tempted to switch by better dirty market rates
Holyhead port, a major link in the UK landbridge between Ireland and Europe, is not ready for a no-deal Brexit... Related StoriesSouth Korean group eyes bid to operate Qatar LNG carriersSouth Korean group eye bid to operate Qatar LNG carriersIranian tanker continues to spill oil after Red Sea ‘attack’
Maersk Line’s head of global reefer solutions Anne-Sophie Zerlang Karlsen says she is continually lashing out at peers for calling... Related StoriesWTO Brexit ‘threatens UK’s maritime legal standing’Dirty market rates lure LR2 ownersLR2s tempted to switch by better dirty market rates
Slower growth in the overall perishables market will become a feature over the next few years Related StoriesWTO Brexit ‘threatens UK’s maritime legal standing’Dirty market rates lure LR2 ownersLR2s tempted to switch by better dirty market rates
According to Great White Fleet president Stefano Di Paolo, the era of ‘conventional reefer shipping is over’ Related StoriesWTO Brexit ‘threatens UK’s maritime legal standing’Dirty market rates lure LR2 ownersLR2s tempted to switch by better dirty market rates
Imports at the nation’s major retail container ports are expected to hit their highest level of the year in November... Related StoriesSouth Korean group eyes bid to operate Qatar LNG carriersSouth Korean group eye bid to operate Qatar LNG carriersIranian tanker continues to spill oil after Red Sea ‘attack’
Fate of proposed new 2.8m teu box terminal extension still hangs in balance Related StoriesSouth Korean group eyes bid to operate Qatar LNG carriersSouth Korean group eye bid to operate Qatar LNG carriersIranian tanker continues to spill oil after Red Sea ‘attack’
Weak rates present an opportunity for negotiation of base costs, but shippers are warned to expect higher bunker costs Related StoriesItaly must integrate port reform and maritime governanceQuestions remain over carriers’ ability to pass on 2020 sulphur costsThe Lloyd's List Podcast: Containers, shipmanagement and the casualty code
Panel of experts from industry and regulators to seek solutions on containership fire issue Related StoriesSouth Korean group eyes bid to operate Qatar LNG carriersSouth Korean group eye bid to operate Qatar LNG carriersIranian tanker continues to spill oil after Red Sea ‘attack’
Slowing down to save the environment is an easy fix that produces instant results, but it does not encourage the... Related StoriesPacific Radiance’s revamp tests Singapore’s debt restructuring aimsThe Lloyd’s List Podcast: How to change the shipping industryFrom the News Desk: Sanctions shockwaves create volatility, but also opportunity
Conventional transportation management software (TMS) has been on the market for decades, focused primarily on outbound truck shipments. The rise of the globalized supply chain has created a more complex transportation environment. Companies must still focus on cost containment, but over many modes, across-borders, and through a mix of service...
[caption caption="Cosco accounts for nearly 6 percent of the containers handled by Bangladesh’s Chittagong port. Photo credit: Shutterstock.com."][/caption]The local customs agent that handles Cosco Shipping’s business in Bangladesh has had its license reinstated for the next three months, bringing relief to shippers who feared the loss of the carrier’s export...
[caption caption="The partial trade agreement between the US and China has eased tensions, at least for now, according to the executive vice president of the US-China Business Council. Photo credit: Shutterstock.com."][/caption]RANCHO MIRAGE, California — The “phase one” trade agreement worked out between United States and Chinese negotiators at the end of...
[caption caption="Carriers are struggling to raise spot rates on Asia-North Europe, despite sailing cuts being made on the trade. Photo credit: Shutterstock.com."][/caption]Carriers preparing for a sharp increase in costs as they switch to low-sulfur fuel over the next two months appear to be falling back into their old predatory pricing...
[caption caption="The CEO of DP World Subcontinent said the goal of a new collaborative tech development effort is to reduce logistics costs in India, thereby making domestic goods more competitive globally. Photo credit: Shutterstock.com."][/caption]Mirroring a “Silicon Valley” investment ecosystem, India’s logistics technology startups appear to have become a darling of...
[caption caption="Demand for smaller warehouses and a lack of construction of smaller industrial space has made it tough for e-commerce and logistics companies to find it. Photo credit: Shutterstock.com."][/caption]Fierce demand for warehouses smaller than 120,000 square feet has helped push up rental rates by twice as much than larger warehouse...
[caption caption="The US has dropped plans to raise tariffs to 30 percent on $250 billion worth of Chinese goods now subject to a 25 percent levy. Photo credit: Shutterstock.com."][/caption]The United States and China have reached the first phase of a trade deal that could signal the end of a tariff...
[caption caption="Amazon's purchase in late September of a digital customs broker could be seen as the start of a new era of how shippers, large and small, handle customs entry filing. Photo credit: Shutterstock.com."][/caption]There’s a cliché in tech circles that every startup is ultimately angling to be acquired by Amazon....
Port Tampa Bay President and CEO Paul Anderson on the geopolitical factors at play in the looming deadline for the International Maritime Organization regulation on marine fuel sulfur content. Recorded March 2019.TPM19, Long Beach, California ...
Join us at the JOC Inland Distribution 2019 in Chicago, Oct. 21-23, to gauge direction of the market, interact with industry peers in regional Think Tanks, and begin to build your company's vision, budget, and plans for the next decade. For more detail, and to register, visit www.joc-inland-distribution.com...
[caption caption="Nissim Yochai, executive vice president of trans-Pacific trade for Zim, said ocean carriers could offer a premium delivery based on “last loaded/first off.” Photo credit: IHS Markit."][/caption]SHENZHEN, China —Ocean carriers could learn from the air express cargo industry in offering time-definite delivery, but only if they have total oversight...
[caption caption="Indian officials are seeking stakeholder support to create a standard operating procedure by which an exporter can pay freight charges directly to a shipping line instead of a freight forwarder or an intermediary. Photo credit: DP World Subcontinent."][/caption]Facing mounting pressure from freight industry groups over what they say is...
[caption caption="Marten Transport, which has been doing TOFC since 2005, will shift to containers after talking with BNSF and NS about how to maximize the use of trains and terminal space efficiently. Photo credit: Marten Transport."][/caption]Two refrigerated (reefer) intermodal carriers have purchased more than 1,000 containers combined this year as...
[caption caption="Demand for logistics space in El Paso remains “very strong,” according to industrial real estate developer CBRE. Photo credit: Shutterstock.com."][/caption]El Paso, Texas, may not rival Laredo as a long-haul truck crossing point for Mexican freight, but it is the hub of an extensive cross-border manufacturing region that encompasses Texas,...
[caption caption="Flexport's purchase of visibility software provider Crux is only the second M&A deal in the San Francisco-based forwarder’s six-year history. Photo credit: II.studio / Shutterstock.com."][/caption]The freight forwarder Flexport has acquired the container visibility software provider Crux Systems, positioning Flexport as a third-party provider of visibility data, even to shippers...
[caption caption="Augmented and virtual reality apps could help visualize practical solutions for organizing laydown space and cargo flows. Photo credit: Shutterstock.com."][/caption]The pace of technological growth is exceeding the logistics sector’s ability to come up with ways to use it. As Abir Thakurta, vice president of global supply chain for Atlanta-based...
[caption caption="The Book it Now system leverages data from the 750,000 individual drivers and 130,000 unique carriers that have downloaded the Trucker Tools app. Photo credit: Shutterstock.com."][/caption]The freight broker and carrier software provider Trucker Tools has gone live with a new feature that allows brokers to automate the process of...
[caption caption="More than $12 billion in financing has been committed to the supply chain and logistics sector in 2019, according to CB Insights. Photo credit: Koshiro K/Shutterstock.com."][/caption]WeWork’s abrupt decision last month to delay an initial public offering, followed quickly by the sudden forcing out of the company’s CEO, raises questions...
[caption caption="Driver pay is a problem that won’t go away this year or next, according to ATRI. Photo credit: Shutterstock.com."][/caption]Trucking faces challenges old and new as it rolls toward a new decade, but most of them revolve around one of the industry’s oldest problems: finding and keeping truck drivers. And...
[caption caption="The trade dispute between the US and China is an ongoing drag on air freight demand. Photo credit: Shutterstock.com."][/caption]The impact of the United States-China trade war on air cargo has combined with slowing economies to drag down demand this year, with the Asia-Pacific market being particularly brutalized.August recorded the...
Greece’s Committee of Planning and Development of Ports (ESAL) has approved investments from COSCO Shipping amounting to €612m (US$673m) but plans for a container terminal expansion did not receive the go-ahead. Yu Zenggang, chairman of Piraeus Port Authority (PPA), stated: “After a long waiting period, we obtained the approval to proceed to the implementation of significant […]
Electric vehicles now make up the majority of the Port of Southampton’s fleet due to ABP acquiring an additional 12 new electric vehicles. There are now 28 ABP zero-emission vehicles operating at the port as part of commitments to improve air quality across the facility. The new vehicles are intended for staff to travel around […]
Kalmar has introduced Automated Truck Handling (ATH) to its Kalmar AutoStrad offering to allow for a fully automated container flow between quay cranes and trucks. ATH automates the placement of containers from automated straddle carriers onto trucks in the terminal’s truck interchange zones and aims to help to improve safety, predictability and cost efficiency of […]
The US$538m first phase of the new deepwater Port of Posorja in Ecuador, operated by DP World, is now completed and successfully operational. The overall US$1.2bn project aims to replicate Dubai’s Jebel Ali Port and freezone, making Ecuador a trade and logistics hub for South America’s west coast, and opening a gateway for vessels exceeding […]
Hamburg’s state government has approved a large-scale expansion of shore-based power supply at the Port of Hamburg to help facilitate a shift from shipboard diesel power supply to ecological electric power during lay times. The port aims to be the first in Europe to offer shore-based power supply for both cruise liners and mega-containerships from […]
CMA CGM Group has opted to use compliant fuels with 0.5% or 0.1% sulphur as its main solution to be compliant with the International Maritime Organisation (IMO)’S 2020 low sulphur regulation. The group will also use liquid natural gas (LNG) powered vessels and advanced air quality systems onboard its vessels to help with the IMO’s […]
Ahead of a potential no-deal Brexit on October 31, the Port of Gothenburg has warned importers and exporters to ensure their goods are ready for customs clearance, otherwise face significant delays. Elvir Dzanic, Gothenburg Port Authority chief executive, stated: “The exporter must ensure its goods are ready for clearance through customs before they reach the […]
King Abdullah Port has welcomed one of the world’s largest container ships, the 23,656 teu MSC Mina, on its first visit to the Kingdom of Saudi Arabia. The ship measures 400 m long, has a breadth of 61 m, a draft of 16.5 m and is able to accommodate 24 rows of containers with a […]
Porto Itapoá has received an award, recognising successful fund-raising for its expansion work, which has enabled capacity to double to 1.2m teu per year. The port from Santa Catarina state in Brazil was honoured at LatinFinance Magazine’s annual awards, winning in the the Port Project Funding category. Expansion work included the addition of 100,000 sq […]
Konecranes’ board of directors has appointed a new president and CEO, Rob Smith, who will take over his new role as of February 1, 2020. Smith has joined the company from AGCO Corporation, where his latest position has been senior vice president & general manager for Europe and Middle East. Prior to this he has […]
Completion of a blockchain pilot scheme coordinated and part-financed by the Marseille Fos port authority has indicated the solution’s scope for enhancing intermodal freight movements on the Mediterranean-Rhone-Saone (MeRS) corridor. Results from trials held over recent months demonstrated that harmonisation of the digital transport chain improved fluidity, reliability and competitiveness of pre- and post-forwarding on […]
MSC Gate Terminal Bremerhaven has ordered two megamax ship-to-shore (STS) cranes from Liebherr Container Cranes in order to handle the world’s largest container vessels. The cranes, which are due for handover before the end of 2020, have an outreach of 73 m (25 container rows), a backreach of 25 m, a span of 30.48 m […]
The Port of Los Angeles has demonstrated the world’s first zero-emissions top handlers which will be tested at the Everport Container Terminal as part of the port’s effort to achieve clean cargo handling operations. The two pre-commercial battery-electric top handlers were designed and built in the US by Taylor Machine Works Inc, the largest supplier […]
PSA Corporation has celebrated a significant milestone with the Singapore Prime Minister Lee Hsien Loong placing a torch on the grounds of Tuas Port, the long term home of the country’s mega port operations. As the biggest port project in the world, Tuas is designed to meet and exceed the future demands of the world’s […]
The Port of Rotterdam Authority has launched an application that allows shippers and freight forwarders to see where their containers are located at any given moment. The tool, named Boxinsider, is meant to be more reliable than the approach used now and also more user-friendly and efficient compared to collecting information yourself from multiple sources. […]
P&O Ferrymasters has entered into a strategic partnership with SGS Maco to offer customers declaration services to its customers with the aim to maintain easy and fluid trade in the event of a “no-deal” Brexit. If the UK leave the European Union (EU) without a deal at the end of October, goods may have to […]
Noatum Logistics is now directly present in 28 countries, having acquired PT. JCL Indonesia and further reinforcing its business in Asia with offices in Jakarta, Surabaya, Semarang, Bandung and Yogyakarta. The acquisition means the integration of more than 20 years of experience in the Indonesian market, thereby consolidating Noatum’s experience in the country and the […]
Nile Dutch Africa Line (NileDutch) has gone live globally with Allegro, CyberLogitec’s integrated container carrier operations solution. The carrier, which specialises in West Africa services, is looking to accelerate operational efficiency and harness real-time data for critical decisions and effective resource deployment. In summer 2018, NileDutch procured Allegro, attracted by its algorithms for automated data […]
Kalmar has signed a Software Maintenance and Support Agreement with PSA Singapore which covers its entire automated guided vehicle (AGV) for five years. The agreement was booked in Cargotec’s Q3 2019 order intake and the contract will be in effect from Q4 2019 onwards. PSA Singapore’s AGV fleet is expected to grow to over 400 […]
Abidjan Terminal has ended the Ivory Coast’s 2019 export season with a strong performance in the handling of cocoa, rubber and cashews according to Bolloré Ports. The facility, which Bolloré operates under a concession agreement, provides opportunities to local farmers to export goods to Europe and Asia. Thanks to the Vridi Channel expansion works, the […]
Next year Hamburg Port Authority (HPA) will be making no adjustments to port dues levied for use of the The post No rate adjustment in Hamburg port dues – HPA’s strong signal to shipping appeared first on Container News.
An Iranian government spokesman on Saturday described as a “cowardly attack” an incident that Iranian me... The post Iran decries ‘cowardly attack’ on oil tanker – Reuters – appeared first on Container News.
DP World’s business in Peru, which began with container handling at the Port of Callao, has expanded into ... The post DP World becomes a full logistics operator in Peru appeared first on Container News.
Fresh concerns have been raised over the liner industry’s ability to recoup the increased fuel costs from IMO 2020. McKinsey partner Steve Saxon said there was “some good and some cautious news” for carriers in the run up to 1 January, when the new low-sulphur fuel regulation kicks in. “The good news is there will […]
At the beginning of this year, some 281 containers were lost overboard off the Dutch coast from the ultra large container ship MSC Zoe, while it was en route from Sines to Bremerhaven. A criminal investigation in the district court of Amsterdam is currently underway, according to World Cargo News, but it also suggested that […]
MSC has partnered with an Indian start-up to help it triangulate its containers, reducing costs and boosting efficiency. MatchLog Solutions, founded in July, will help the line reposition its empties in India. If used across the country, it is thought lines could make savings of some $10bn a year by cutting the 40% wastage seen in the sector […]
As you might remember, last week CMA CGM talked up the prospects of its asset-light logistics arm Ceva Logistics with group CFO Michel Sirat stressing the view that investment in Ceva will ensue, rather than meaningful job cuts. Quite honestly, some of my sources were hardly impressed with those remarks and insist there are plans […]
DSV Panalpina is the gift that keeps giving to the media – sadly, the same cannot be argued for the workforce of the acquired company in this $5.4bn takeover. While some in the press recently highlighted that a major sell-side house had expressed doubts about the speed at which synergies would be realised, others locally […]
Today’s Shanghai Containerized Freight Index (SCFI) shows no sign of a recovery with spot rates for most trades still dropping, following a break for China’s Golden Week holiday. The Asia-North Europe component of the SCFI recorded a further 2% decline, to $581 per teu, which is 21% below the level of the same week of last […]
China Cosco Shipping executive vice president Wang Haimin has rubbished the idea that carriers can be sole service providers of end-to-end container supply chains. Mr Wang (pictured) drew comparison between competitors Maersk and CMA CGM’s push to become fully integrated container logistics providers and, at the other end of the spectrum, MSC and Hapag-Lloyd’s apparent […]
US digital-first freight forwarder Flexport has completed the acquisition of container tracking and shipment visibility company Crux Systems, for an undisclosed amount. Crux Systems was founded in 2014 by Eric Klein and Jennifer Colvin who set out to automate container shipment visibility so that shippers, freight forwarders and hauliers could “receive data such as gate-out […]
If you work in transportation and logistics, technology may sometimes seem like the bane of your existence. The implementation of different kinds of software applications meant to elevate and simplify your business may, in fact, have the opposite effect. Your employees may experience “portal fatigue,” trying to manually piece together a workflow involving a lot […]
German freight forwarder and haulage firm Dachser has promoted Edoardo Podestá (pictured above) to global chief operations officer of its Air & Sea Logistics operations. Mr Podestá replaces Jochen Müller, who decided not to renew his contract in the new year and, said the firm, “will stop working for Dachser with immediate effect”. Dachser said: […]
The Indiana Department of Transportation and Gov. Eric Holcomb recently announced the distribution of $99.2 million in state matching funds across local government agencies to fund infrastructure construction projects.
The U.S. and China reached a partial agreement Oct. 11 that would broker a truce in the trade war and lay the groundwork for a broader deal that Presidents Donald Trump and Xi Jinping could sign later this year, according to people familiar with the matter.
General Motors Co.’s chief labor negotiator suggested the United Auto Workers is dragging its feet in responding to the automaker’s latest contract offer in a show of frustration with a strike that’s lumbering toward the one-month mark.
The day rate for a standard tanker east of the Suez Canal jumped 57% in the week to Oct. 9, as issues related to U.S. sanctions on units of China’s COSCO Shipping Corp. start to hit just as the heating season begins to boost demand.
Sentiment among American consumers posted a surprise jump in October amid expectations for rising incomes and lower inflation, indicating households will continue to extend the longest-running U.S. expansion.
Walmart U.S. CEO Greg Foran, the architect of the revival of Walmart Inc.’s U.S. stores, is departing to run an airline in his native New Zealand, leaving a big hole at the world’s biggest retailer on the cusp of the holiday season.
SAN DIEGO — Trucking leaders discussed how potential changes to federal regulations and international trade policy may soon affect the industry during American Trucking Associations’ 86th annual Management Conference & Exhibition, held from Oct. 5-8.
UPS Inc. will work with shipping technology company Shippo to offer marketplace shipping rates to the more than 35,000 small- and medium-size businesses that use Shippo’s platform, according to an Oct. 10 news release.
Transportation priorities across rural areas will be the focus of an initiative recently established at the U.S. Department of Transportation, the country’s top transportation officer announced Oct. 8.
SAN DIEGO — Federal Motor Carrier Safety Administration officials are encouraging motor carriers to register now on the agency’s Drug and Alcohol Clearinghouse database, aimed at ending job-hopping by drivers who fail their drug and alcohol test.