Monthly Archives for July 2017

Project cargo shippers, carriers pin hopes on Ex-Im Bank Project shippers and carriers hope the Export-Import Bank of the United States, a political football for years, can get off the sidelines soon. Ex-Im Bank supporters’ hopes were raised in June when President Trump nominated a chairman and board member for the bank, which since 2015 […]

Asia-ECSA service shows cost to shippers of larger ships The 11,000-TEU Cape Sounio is too large to call at one of the ports on the service on which it is deployed. Ship upsizing coupled with inadequate infrastructure is costing Itajai shippers frequency on an Asia-east coast South America (ECSA) service, laying bare the costs to […]

Trans-Pac rates hold most gains on early peak season cargo Trans-Pacific spot rates declined modestly this week. Spot rates in the eastbound Pacific this week lost little of the ground gained in the week prior, signaling the early days of a peak season. Spot rates in the eastbound Pacific this week could not sustain the […]

APMT’s Maasvlakte II back in action at Rotterdam APM Terminals’ Maasvlakte II was the facility hardest hit by the cyber attack. APM Terminals’ (APMT’s) flagship Maasvlakte II terminal in Rotterdam is fully operational following the cyber attack on the parent Maersk Group that shut the fully automated container facility for more than a week. The […]

Asia-Europe rate drops despite peak season, space constraints The industry is expecting higher Asia-Europe spot rates over the summer despite this most recent decline. Spot freight rates on the Asia-North Europe and Mediterranean trades shrugged off peak season demand and tightly managed capacity and actually declined by almost 5 percent this week.The China-North Europe rate […]

Maersk: systems back online and bookings flooding in The Maersk Group is still working through the backlog that built up when its systems were down. Maersk Line has reported an acceleration of cargo bookings in the last 48 hours as its systems come back online and data begins to once again flow through the company […]

Controversial Indian import tax starts pinching container lines Stiff shipping industry opposition was unable to stop Indian authorities with going ahead with a new import tax. India’s controversial decision to tax imports contracted on a prepaid or cost and freight basis is increasing the financial pressure on transport services providers, including container ship operators, already […]

Samsung: Carrier consolidation lifting rates Maersk Line’s purchase of Hamburg Sud is just the most recent in a flurry of acquisition activity throughout the container shipping industry. Ongoing consolidation in the global liner shipping industry is impacting shipper supply chains through network adjustments and incremental increases in rates, according to Samsung SDS, the company that […]

Trucker frustration with delays at NY-NJ’s APM Terminal mounts Cargo is unloaded at APM Terminals in the Port of New York and New Jersey Trucker frustration is building after hundreds of drivers waited in line – some for six hours or more – at APM Terminals at the Port of New York and New Jersey, […]

US maritime regulators urged to understand, track blockchain The shipping industry’s interest in technology has intensified since last week’s cyberattack on the Maersk Group. WASHINGTON — By design, blockchain resists regulatory oversight, but maritime regulators still need to understand the technological potential of a trail of records that payment and other applications can be built […]