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Weakest liner operating margins since 2012 a new warning to shippers Twelve out of 13 major container lines that report operating margins saw the worst performance of this key metric in the second quarter since 2012, sending a fresh warning to… Weakest liner operating margins since 2012 a new warning to shippers Journal of Commerce

Hurricane Matthew closes Florida, Caribbean ports Hurricane Matthew has disrupted vessel traffic, closed ports at Caribbean hubs and in Florida, and raised alarms farther up the US South Atlantic coast as the killer storm moves north. The hurricane slammed into eastern Haiti on Tuesday as a Category… Hurricane Matthew closes Florida, Caribbean ports Journal of […]

Global air capacity expansion outpaces growing demand Global air cargo demand continued to show signs of strength in August, up 3.9 percent year-over-year, but capacity continued to outpace demand, rising 4.1 percent. Growth was not uniform, however, and the International Air Transport Association… Global air capacity expansion outpaces growing demand Journal of Commerce

Zim bleeds red on weak pricing but restructures debt Zim Integrated Shipping Services gained some financial stability after restructuring its debt, as “historically low freight rates” pulled the Israeli container line to a $74 million loss in its fiscal second quarter. The carrier’s year-over-year loss fell on a 19.8 percent plunge in revenue, to $611.8 […]

US judge urged to pressure Hanjin to detail stranded cargo, equipment NEWARK, New Jersey — A federal judge has agreed to hear on Friday the arguments of several chassis, container and fuel providers demanding Hanjin Shipping reply more quickly to their “urgent” requests for information on where the carrier’s ships are, and the location of chassis […]

DP World looks to expand African footprint Global trade infrastructure developer DP World is interested in building on its African investments to improve the quality of infrastructure on the continent, which is a major hurdle for the integration of its… DP World looks to expand African footprint Journal of Commerce

FMC serves stiff penalties to NVOs, carrier The US Federal Maritime Commission has announced fines totaling $338,000 against seven logistics companies that violated either the Shipping Act or other FMC regulations. The seven companies are Posey International, King Ocean Services, CL USA, Carlo Shipping International, Sino… FMC serves stiff penalties to NVOs, carrier Journal of […]

Forwarders, shippers says they're mostly ready for higher VGM scrutiny The three-month “go easy” period in enforcing the verified gross mass container weight rule ended at the weekend, with more vigorous application of the law expected from maritime… Forwarders, shippers says they're mostly ready for higher VGM scrutiny Journal of Commerce

Consolidation means higher rates, but not in short term, Drewry says The top five carriers now control around 54 percent of the container shipping fleet, with the recent merger and acquisition activity increasing the concentration of capacity in the hands of the biggest ocean liner… Consolidation means higher rates, but not in short term, Drewry […]

Shippers beware: Transportation reliability comes with a price The Hanjin Shipping situation again illustrates the fragility of today’s supply chains. Shippers would be mistaken if they think they only need to be on guard for such issues on the seas. Supply chain disruption is becoming increasingly common across all modes. Watching the chaotic aftermath of […]