Category Archives for Industry News

'K' Line opens Indian joint venture for logistics expansion Japanese shipping group “K” Line through its subsidiary Nitto Total Logistics Ltd. has set up a joint venture with India’s J.M. Baxi Group to provide logistics services for car carriers and automobile handling… 'K' Line opens Indian joint venture for logistics expansion Journal of Commerce

Shipping alliances court Caribbean terminals in pursuit of certainty The days of multiuser container terminals could be coming to an end in the Caribbean, and dominant vessel-sharing agreements are leading the way as container lines push for more stability and certainty at their… Shipping alliances court Caribbean terminals in pursuit of certainty Journal of Commerce

Container leasing faces toughest challenge since 2009 downturn The container-leasing industry is facing its toughest financial challenge since the downturn of 2009, with the fleet of hired containers set to grow by little more than 1 percent this… Container leasing faces toughest challenge since 2009 downturn Journal of Commerce

US intermodal rail network primed for expected bumper harvest U.S. exporters are bracing for what could be another historic harvest this year, providing Western railroads with more intermodal cargo and container lines backhaul freight to Asia. Unlike in… US intermodal rail network primed for expected bumper harvest Journal of Commerce

Maersk reshapes China inland feeder network with new service Maersk Line launched a new feeder service to the western Chinese port city of Yibin and reiterated its commitment to maintain its inland China network. A weekly through bill of lading service… Maersk reshapes China inland feeder network with new service Journal of Commerce

Container lines to fare worse this year than in 2009 The headline, in part, read, “Wave goodbye,” and the ensuing article from Drewry Maritime Research described how the container carrier industry will lose $5 billion to $10 billion in 2016, have lost $20 billion in top-line revenue so far this year and by year’s end […]

Extraordinary year could restore order to container pricing Any shipper who depends on container transportation must be looking with great concern at developments in this extraordinary year of 2016, and what they could mean for the future. The parallel developments of rate erosion and industry restructuring, both occurring at a historic scale, point to the […]

Peak season and tighter trans-Pacific capacity fail to lift spot rates Vessels carrying peak-season imports from Asia are filling up, but carriers are still not able to turn the tight capacity into eastbound spot freight rate… Peak season and tighter trans-Pacific capacity fail to lift spot rates Journal of Commerce

Stability of terminal operating sector in question The reign of container terminals as profit leaders in supply chains is under pressure at the moment as poor throughput growth, excess capacity and… Stability of terminal operating sector in question Journal of Commerce

Volatile Asia-Europe rates show clear upward trend There is a clear upward trend in Asia-Europe freight rates this year since the record lows of March, and container lines have a realistic chance of reaching more… Volatile Asia-Europe rates show clear upward trend Journal of Commerce