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Carrier pricing model is broken, executives tell TPM LONG BEACH, California — The pricing model being employed by container lines was not working and had to change, a panel of executives told… Carrier pricing model is broken, executives tell TPM Journal of Commerce

MOL spin-off sets up logistics operations in India Japanese shipping group MOL is the latest looking to tap into the rapidly growing logistics demand in India.  The Tokyo-based group has decided to spin off its logistics business from local liner arm Mitsui O.S.K. Lines (India) Pvt. to a new subsidiary of MOL Logistics (Japan).  The […]

Rising fuel prices squeezing shippers and carriers Rising bunker prices, up roughly $180 per ton from this time last year, will cost BCOs more, spur container lines to seek higher all-in trans-Pacific service contract rates and delay cash flow to carriers. Beneficial cargo owners are set to pay more… Rising fuel prices squeezing shippers and […]

Alliances ensure US importers’ access to small and big ports The restructuring of vessel-sharing alliances and deployment of mega-ships in the trans-Pacific trades allows US ports large and small to gain services, benefitting  importers that use the top five load centers but also… Alliances ensure US importers’ access to small and big ports Journal of […]

Maersk says it’s signing trans-Pac contracts at higher rates LONG BEACH, California — Maersk Line Chief Commercial Officer Vincent Clerc said the small amount of trans-Pacific service contracts it has signed are at significantly higher levels than last year. The recovery of short-term trans-Pacific rates “has happened already for quite some months; not only for […]

Capacity discipline mitigates trans-Pac spot rate fall Spot rates in the eastbound Pacific this week inched down about 11 percent from the 2017 peak, but rates did not drop as sharply as the 13 percent that occurred during the equivalent post-Lunar New Year week in… Capacity discipline mitigates trans-Pac spot rate fall Journal of Commerce

Asia-Europe spot rates stage first increase of the year A steady decline of the China-Europe spot market since late December was arrested this week as freight rates on the trade recorded their first increase of the year.Rates on the Shanghai-North Europe route rose $63… Asia-Europe spot rates stage first increase of the year Journal of […]

Spain on edge of nationwide port strikes The Spanish government is expected to unveil reforms of the country’s controversial dock labor system Friday despite union threats of month-long industrial action in March that will severely disrupt the country’s foreign trade. The dockworkers’ union has said its members… Spain on edge of nationwide port strikes Journal […]

Terminals face pricing pressure from low growth Terminal operators can expect downward pressure on tariffs to continue in certain markets over the course of 2017, according to the new chief executive of the world’s fourth-largest terminal operator. In an interview with JOC.com, APM Terminals’ CEO Morten… Terminals face pricing pressure from low growth Journal of […]

Asia-Europe rate increases on the cards for March 1 Ocean carriers are starting to line up March 1 rate increases on the Asia-Europe trade and will be hoping the price hike sticks enough to reverse a slow downward march of the spot… Asia-Europe rate increases on the cards for March 1 Journal of Commerce