Category Archives for Industry News

Attempt to freeze money owed to Hanjin rejected NEWARK, New Jersey — The judge hearing Hanjin Shipping bankruptcy motions in the United States has rejected a request by retailer Ashley Furniture to set up an “administrative freeze” on… Attempt to freeze money owed to Hanjin rejected Journal of Commerce

Company unveils ‘Breakbulk Box’ hybrid container ATS International said it has successfully tested a hybrid container, the Breakbulk Box, that is designed to make it easier to move breakbulk and oversized cargo in containers. The container’s roof and walls are lifted off in a single… Company unveils ‘Breakbulk Box’ hybrid container Journal of Commerce

Merged Japanese liners would dominate Asian imports to US A merged NYK Line, “K” Line and MOL would be the dominant mover of containerized goods from Asia to the United States, if operations were to begin today, not… Merged Japanese liners would dominate Asian imports to US Journal of Commerce

Back against wall, top three Japanese liners take disciplined merger approach Recognizing no turnaround for container shipping exists in the foreseeable future and the only way to survive is to further cut costs,… Back against wall, top three Japanese liners take disciplined merger approach Journal of Commerce

Japanese carriers to merge container businesses The wave of consolidation sweeping through the liner industry broke over the Japanese ocean carriers this morning as NYK Line, “K” Line and… Japanese carriers to merge container businesses Journal of Commerce

Amid low global growth, shipping companies need new approach Throughout history the greatest businesses were creators of the market. Merchants created trade routes, maps, and bridges for communities to harness new markets. They instigated, led wars, or brokered peace agreements to create and safeguard trade routes to new markets. The Opium Wars and the Anglo […]

Trans-Pacific spot rates jump on late peak season surge Spot rates on containerized imports from Asia strengthened noticeably this week, confirming that the peak season in the eastbound Pacific this year will be later than usual. Furthermore, importers that have exceeded the… Trans-Pacific spot rates jump on late peak season surge Journal of Commerce

Illegal payments make up half of Nigeria import-export costs Illegal payments now account for more than half the cost of import and export processes through Nigeria’s ports, and delays account for up to 70 percent… Illegal payments make up half of Nigeria import-export costs Journal of Commerce

Sharp rise in Asia-Europe spot rates as Nov. 1 increases bite The rate increases set for Nov. 1 have driven up spot market prices on trades from Asia to Europe and the Mediterranean, with the rates reaching levels last seen six weeks ago after Hanjin collapsed.Asia-Europe… Sharp rise in Asia-Europe spot rates as Nov. 1 […]

Marad bets .64 million on container-on-barge The US Maritime Administration will provide $4.64 million in “marine highway” grants for five existing or proposed container-on-barge services on the Mississippi River system, in Virginia, and at the Port of New York and… Marad bets .64 million on container-on-barge Journal of Commerce