Monthly Archives for October 2016

NYK expects loss of .9 billion in first half NYK Line on Friday announced that it expects to book extraordinary losses of 195 billion Japanese yen ($1.88 billion) in the first half of its fiscal year after the company devalued its assets and said expectations… NYK expects loss of .9 billion in first half Journal […]

Late trans-Pacific peak season surge seen ahead Peak season 2016 has finally arrived, and it looks like it will be short but sweet, with one forecaster projecting a 6 percent bump in… Late trans-Pacific peak season surge seen ahead Journal of Commerce

Carriers line up slow season rate rises out of Asia Rate increases will be implemented across an array of trades out of Asia in October and November as shipping lines try to lift prices and scrape together a little more revenue… Carriers line up slow season rate rises out of Asia Journal of Commerce

Hanjin details when some but not all stranded ships will call US ports Hanjin Shipping on Thursday gave US importers awaiting the discharge of their stranded goods a better idea of when some ships will call but wasn’t able to give a timeline for two ships under arrest near the Panama Canal and… Hanjin details […]

Booking cancellation fee making a comeback, led by Hapag-Lloyd The container booking cancellation fee appears to be making its way back into container lines’ overflowing surcharge box — much to the disdain of shippers — with Hapag-Lloyd announcing plans to levy a $40… Booking cancellation fee making a comeback, led by Hapag-Lloyd Journal of Commerce

Rotterdam port ramping up containerized rail reach to hinterland ROTTERDAM, Netherland — The Port of Rotterdam is aiming to expand its reach into the central European hinterland via containerized rail by requiring new terminals to make use of its expanded on-dock… Rotterdam port ramping up containerized rail reach to hinterland Journal of Commerce

Container shuttle service connects south Brazilian terminals A new container shuttle connecting the Brazilian city of Porto Alegre with a container terminal in Rio Grande offers shippers needing access to the city and south of Brazil connections to cabotage, Mercosur coastal and long-haul routes, and… Container shuttle service connects south Brazilian terminals Journal of Commerce

PIL joins India logistics investment rush with joint venture Singapore’s Pacific International Lines has set up joint venture arrangements with Mumbai-based Apollo LogiSolutions to offer container warehousing and transportation solutions, marking its first foray into India’s logistics market. PIL is the latest of… PIL joins India logistics investment rush with joint venture Journal of Commerce

Weakest liner operating margins since 2012 a new warning to shippers Twelve out of 13 major container lines that report operating margins saw the worst performance of this key metric in the second quarter since 2012, sending a fresh warning to… Weakest liner operating margins since 2012 a new warning to shippers Journal of Commerce

Hurricane Matthew closes Florida, Caribbean ports Hurricane Matthew has disrupted vessel traffic, closed ports at Caribbean hubs and in Florida, and raised alarms farther up the US South Atlantic coast as the killer storm moves north. The hurricane slammed into eastern Haiti on Tuesday as a Category… Hurricane Matthew closes Florida, Caribbean ports Journal of […]