Category Archives for Industry News

Wastepaper exports find new markets as Chinese economy evolves US wastepaper is sent to China for recycling and repurposing for a wide variety of uses. Although Northeast Asia, primarily China, remains by far the largest market for US scrap paper exports, commanding 83.7 percent of the trade, Southeast Asia and the Indian Subcontinent are growing […]

Spanish dockworkers to strike next week Spanish ports such as Cadiz will come to a standstill next week. Spanish dockworkers will strike for three days next week to protest government plans to liberalize the hiring of workers in the nation’s ports. The dockworkers’ union said the strikes will take place on Monday, Wednesday, and Friday […]

Analysis: China to shape international trade via Belt and Road China’s investment in ports as far afield as Piraeus, Greece, hold serious implications for US corporations, consumers, and supply chains. Belt and Road’s potential impact on international trade — cargo volume and velocity, shipping routes, supply chain reliability and transparency — has strategic benefits and […]

Video: Spotmarket Alternative, NYSHEX Examined At TPM 2017, a panel discussion examined the New York Shipping Exchange, or NYSHEX, a new digital way of contracting that aims to address dysfunctional issues at the core of the current model. In an interview with JOC.com, CEO Gordon Downes discussed the problems this initiative aims to solve, and… […]

2017 volume on track to beat capacity growth Container shipping capacity growth has outpaced volume for the last several years. A full-year container volume forecast for 2017, revised upwards by Alphaliner after solid first quarter performance, could see global throughput growth beating container ship capacity growth for the second straight year, cutting further into the […]

New York eyes projects to handle rising rail traffic Less than 10 percent of the cargo leaving or entering the Port of New York and New Jersey moves via rail. A freight tunnel across New York Harbor, the expansion of intermodal rail terminals, and a range of track and rail yard upgrades are needed to […]

Rising rates, volumes to lift carrier profits The consolidation of the last two years should soon begin benefiting ocean carriers. The container shipping industry is set close the year with an operating profit of around $1.5 billion, driven by higher freight rates and rapidly growing cargo demand, according to Drewry Shipping Consultants. The market rebound […]

Weak demand, tight margins squeeze Concor profit India’s leading intermodal rail service providers struggled in the last fiscal year. Photo Credit: Adani Logistics. A stagnant export-import freight market is pressuring profit margins for containerized rail operators in India, which could make them wary of expanding operations as the government pushes to shift cargo to the […]

Indian shipping lines struggle against weak demand, pricing Shipping Corporation of India narrowed the losses in its liner shipping segment year over year in the fourth fiscal quarter. Shipping Corporation of India reported sharply lower profits in fiscal year 2016 to 2017 that ended March 31 as plunging freight rates amid continued weak demand took […]

Asia-South America spot rate hits record high Much of South America’s imports enter the continent through the Port of Santos. Credit: APMT Spot market freight rates on the Asia-East Coast South America trade this week reached a record high, with the $3,294 per TEU also the highest rate ever recorded on any trade by the […]