Category Archives for Industry News

Hanjin: Rails, terminals and container lessors gouging US shippers Hanjin Shipping told a bankruptcy court in Newark, New Jersey Friday that railways, terminal operators and container lessors are price gouging the South Korean line’s shippers by asking… Hanjin: Rails, terminals and container lessors gouging US shippers Journal of Commerce

Hanjin tells US court it won’t charge for late return of containers NEWARK, New Jersey — Hanjin Shipping told a US District Bankruptcy Court Friday that it would not charge shippers for late return… Hanjin tells US court it won’t charge for late return of containers Journal of Commerce

Hanjin says it won't charge US shippers for late return of containers NEWARK, New Jersey — Hanjin Shipping told a US District Bankruptcy Court Friday that it would not charge shippers for late return… Hanjin says it won't charge US shippers for late return of containers Journal of Commerce

High ship utilization unable to lift trans-Pacific spot rates Trans-Pacific spot rates remained stuck in a narrow range this week even though the trade was roiled by the Hanjin Shipping bankruptcy and vessels are… High ship utilization unable to lift trans-Pacific spot rates Journal of Commerce

Asia-Europe liners entering contract season in best shape in four years Container lines on the Asia-Europe trade will be in a relatively strong position when they go into contract negotiations later this year with skittish shippers sure… Asia-Europe liners entering contract season in best shape in four years Journal of Commerce

Cargill says liner cost-cutting hurting service further Container shipping lines are pouring enormous energy into bringing down their costs and capitalizing on the low bunker price environment, which is a small… Cargill says liner cost-cutting hurting service further Journal of Commerce

‘K’ Line accuses APL Logistics of falsely telling shippers bankruptcy possible “K” Line accuses APL Logistics of telling the latter’s customers that the Japanese container line could go bankrupt, an allegation that underscores how sensitive the container shipping industry is after Hanjin Shipping’s collapse three weeks ago. In a Thursday… ‘K’ Line accuses APL Logistics […]

Krishnapatnam port looks to capture JNPT cargo with new rail service Krishnapatnam Port, a privately-operated alternative gateway on India’s east coast, is targeting western hinterlands served by Jawaharlal Nehru Port Trust, the country’s biggest public container handler, to… Krishnapatnam port looks to capture JNPT cargo with new rail service Journal of Commerce

India aids coastal shipping with tariff concessions The government of India has announced more port tariff incentives for short-sea ship operators to encourage shippers to switch from road and rail to coastal shipping to move domestic roll-on, roll-off freight. The Ministry… India aids coastal shipping with tariff concessions Journal of Commerce

Maersk split to integrate liner, terminal and forwarding units A restructured Maersk Group will see closer cooperation between Maersk Line, Damco and APM Terminals as the group becomes what CEO Soren Skou described as “an integrated transport… Maersk split to integrate liner, terminal and forwarding units Journal of Commerce