Category Archives for Industry News

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

Fourth week of sliding spot rates on troubled Asia-Europe trade Spot freight rates on trades from Asia to Europe and the Mediterranean continued to fall this week, suggesting that container lines either abandoned the mid-August general rate increase or simply failed to boost prices.Spot rates soared to… Fourth week of sliding spot rates on troubled […]

World’s biggest box maker is GLP’s latest China partner Logistics property developer GLP has entered into a long-term agreement with box-maker China International Marine Containers, the latest in a string of partnerships in the mainland designed to boost its footprint in the fast-growing market.Under the strategic partnership, GLP and the world’s biggest container manufacturer will […]

World’s biggest box maker is GLP’s latest China partner Logistics property developer GLP has entered into a long-term agreement with box-maker China International Marine Containers, the latest in a string of partnerships in the mainland designed to boost its footprint in the fast-growing market.Under the strategic partnership, GLP and the world’s biggest container manufacturer will […]