Category Archives for Industry News

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

Supply chain manager Li&Fung: Second half worst since 2008 Global supply chain manager Li & Fung has described the first half of the year as the toughest trading period it has experienced since the global financial crisis of 2008, something clearly represented in its first half results.The grim a business environment dragged the Hong… Supply […]

Research highlights potential for Canadian inland ports A new white paper commissioned by the Van Horne Institute and completed by JOC outlines how Canada can build on its success in creating inland ports to more efficiently move containerized exports and imports… Research highlights potential for Canadian inland ports Journal of Commerce

Cuba shipping gains unlikely in the short term Despite all the hype on Cuba, commercial shipping’s opportunities to do business with the island are unlikely to significantly improve until at least February 2018. U.S. President Barack Obama… Cuba shipping gains unlikely in the short term Journal of Commerce

Container equipment prices hit record lows and still falling Container equipment prices have crashed to all-time lows and are still falling owing to a combination of cheaper production and material costs and sagging demand. The container equipment index price… Container equipment prices hit record lows and still falling Journal of Commerce

Coastal cooperation fails to lift profits for Indian liners Joint efforts by Indian state-owned Shipping Corporation of India and short-sea carrier Shreyas Shipping and Logistics to capitalize on coastal shipping demand did not translate into… Coastal cooperation fails to lift profits for Indian liners Journal of Commerce

Kerry Logistics feels first-half effects of slowing trade volume Kerry Logistics produced a soft set of first half results as weak global demand put the brakes on trade volume and the strengthening U.S. dollar offset some growth in China, Taiwan, Thailand and India markets, which together comprise 60 percent of its business.Revenue was up 3 […]

Santos customs strikes bite shippers, liners hard Strikes and slowdowns by Brazilian customs officers are causing chaos and losses for shippers and shipping lines of more than 8 million reais ($2.5… Santos customs strikes bite shippers, liners hard Journal of Commerce