Monthly Archives for November 2016

Asia-Europe shippers expect steep rise in 2017 contract rates Shippers on Asia-Europe are struggling to predict the market as they engage with container lines in annual contract discussions, but the feeling is that contract rates will be a good… Asia-Europe shippers expect steep rise in 2017 contract rates Journal of Commerce

Shippers push against bureaucracy at Russian ports Russia’s leading shippers and transport companies have formally petitioned the Ministry of Transport to drastically reduce the customs paperwork needed for imports and exports, which shippers say leads to bureaucratic delays… Shippers push against bureaucracy at Russian ports Journal of Commerce

Jawaharlal Nehru Port told to form dwell time task force The government of India is accelerating its efforts to cut down container dwell times that have long been a major cause of port congestion and shipper concern over rising inland costs. To address… Jawaharlal Nehru Port told to form dwell time task force Journal of […]

Shippers cautiously optimistic on growth for 2017 The election of Donald Trump may have rattled global markets, at least temporarily, but shippers at the JOC Inland Distribution Conference the day after the election were cautiously optimistic. They were certainly cheered by the president-elect’s promise of $1 trillion in infrastructure spending, and by the prospect that […]

CMA CGM reports loss as volume, rates fall Lower volume and rates pushed CMA CGM to a $268 million third-quarter loss, reversing a profit of $51 million a year earlier. Excluding expenses related to the company’s September acquisition of Neptune Orient Lines, parent… CMA CGM reports loss as volume, rates fall Journal of Commerce

No stopping spot rate slide on major east-west trades Spot freight rates on the major east-west trades continued to climb down from the highs reached at the end of October as container lines prepare to levy yet another… No stopping spot rate slide on major east-west trades Journal of Commerce

South Korea seeks heavy BCO investments in shipping assets The South Korean government is looking to the country’s large multinational exporters to take a major role in turning around the fortunes of its… South Korea seeks heavy BCO investments in shipping assets Journal of Commerce

Korea Line faces tough trans-Pacific entrance Korea Line’s expected entry into the container shipping industry through its acquisition of Hanjin Shipping’s assets including five ships with capacities of 6,500 twenty-foot-equivalent units won’t likely be an easy one, as… Korea Line faces tough trans-Pacific entrance Journal of Commerce

Indian logistics companies eye export rebound as profits drop Earnings at India’s leading transportation and logistics services providers took a hit in the second fiscal quarter through September amid lackluster demand, but there are signs of recovery. Near double-digit growth in the country’s… Indian logistics companies eye export rebound as profits drop Journal of Commerce

Revenue and profits tumble at Taiwan’s top two carriers Profits at Evergreen Marine and Yang Ming Line were down sharply in the first nine months of 2016, with their combined losses for the January to September period topping $580 million.Evergreen’s… Revenue and profits tumble at Taiwan’s top two carriers Journal of Commerce